Minimum Bid Auction
Auction Date and Time: Friday Sept. 24, 2010 at 11:07 AM
Minimum Bid $198,000: Home previously valued $305,000
Home will ABSOLUTELY SELL after Minimum bid is met!
Auction Location: Auction will be on site 3387 Umatilla Street, Denver, CO
Property Previews: Saturday September 11th and 18th 10:00-12:00
Bidders Registration: All prospective buyers must register to bid. A $10,000.00 cashier’s check or certified check payable to AJ Karas Auctioneers, LLC will be required to bid at the auction. A 10% buyer’s premium will be added to final bid and included in total contract price, a 10% non-refundable down payment will be due immediately after being declared the buyer. This amount will be applied to the purchase price and will be deposited in the brokers escrow account. The $10,000.00 cashier’s check will be immediately returned in the event the bidder is unsuccessful.
Online & Phone Bidding: Online & phone bidding registration must be completed 48 hours prior to the auction. All terms will apply as if you were participating at the auction in person.
Closing: The balance is due in cash or new loan at closing within 30 days. A General Warranty Deed will be supplied by the seller at the sellers expense giving marketable title subject to restrictions of record. Taxes & Home Owners Association fees are pro-rated. Title insurance will be at the buyer’s expense.
Bidder Information Package: A Package of information has been assembled for this property and includes: a preliminary title report, area information and a seller’s property disclosure.
Property Inspection: Preview of the property is essential. Property will be sold “as is, where is,” Property will be sold subject to easements, restrictions, zoning and other matters of record.
Conduct of Auction: Conduct of auction and bidding increments are at the discretion of AJ Karas Auctioneers, LLC. AJ Karas Auctioneers, LLC reserves the right to deny any person admittance to the auction.
Broker Participation Invited: A 3% Broker CO-OP is being offered to the broker that brings the successful high bidder. Brokers must register their buyer 48 hours in advance subject to established AJ Karas Auctioneers, LLC guidelines. Contact our office for more information 877-612-8494.
All property measurements are approximate. All information on this website was delivered from sources believed to be correct, but not guaranteed. It is the buyer’s responsibility to verify all property specifications prior to the auction date. AJ Karas Auctioneers, LLC is an agent of the seller. Announcements take precedence over printed materials. Not available to residents of any state in which this real estate is not in compliance with the real estate laws or other laws of that state.
For Complete Terms & Conditions, go to the Property Information Packet on this website.
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