Wellesley Gardens Phase II, Pittsfield Charter Township, 218 Condominium Lots

Due Diligence

Seller Name:	Washtenaw County Treasurer
Rating:	Not Applicable
Location:	Ypsilanti, MI 48197

Asset was sold for $245,000

Number of Bids:	65
This is the final amount the asset was sold for. Winning Bid:	$245,000
Winner:	C***L
It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:	$7,350
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It is the minimum dollar amount a Seller is willing to accept for an auction. This amount is not disclosed on the Web site, but bidders are notified once the reserve price has been met. Auctions with no reserve price are labeled as "No Reserve" on the auction listing. Reserve:	No Reserve!
Status:	Sold
Auction Started:	10-26-10 10:00 AM ET
Auction Closed:	10-28-10 04:30 PM ET
Bid Increment:	$1,000
It is an extension of the auction close time and keeps an auction open as long as there is active bidding. It occurs automatically when a bid is placed within the last few minutes of an auction. The auction will remain open until an entire overtime increment has passed without any bidding. The overtime increment is indicated on the auction listing. Overtime Period:	5 minutes
Source:	Government
Deposit Required:	$0
This fee is added to the winning bid amount and covers the costs associated with the auction. The buyer's premium percentage is indicated on the auction listing and displayed during the bid process. See the Settlement Requirements section of the auction for more details on the Buyer's Premium. Buyer's Premium:	7.5%
Page Views:	115882

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Asset Information

Item Specifics - Parcel Information

Parcel Information
Address	MI

All Seller-Related Due Diligence

The due diligence items below apply to all related auctions from this seller.

County Terms Of Sale <font color=red>UPDATED 10/25</font>

Asset Description

Settlement Requirements

Credit Card

Cash

Payment in full to the Washtenaw County Treasurer by Wire Transfer, Certified/Cashier's Check, Bank Money Order, credit card or cash is required no later than 5:00 PM ET on the day after the sale of the successfully bid upon auction (within one business day of the close of the auction). If the payment policy is not adhered to, the successful bidder may be banned from future sales for five (5) years.

Buyer Premium Information

This auction requires that the winning bidder pay a Buyer's Premium of 7.50% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction).

This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.

Payment Type

Certified/Cashier's Check
Wire Transfer
Money Order