Follow us:
Follow us:
| Residential Properties | |
|---|---|
| Address | 1486 E 175th St Cleveland, OH 44110 United States |
| Number Of Bedrooms | 2.00 |
| Number Of Bathrooms | 1.00 |
| Access to the property: Buyer shall not have access to the property without prior authorization of the Seller. Possession to the Property will be granted to the Buyer upon the Full Payment of the Auction Bid accepted and completion of all the terms set forth in the purchase and sale contract. Buyer Responsibility: Buyer is responsible for all liens and encumbrances. Buyer is to pay as defined in these terms or shall be held in default by Bid4Assets and shall be reported as such. If the Buyer Defaults after the initial deposit, the initial deposit shall be paid to the Seller as consideration for liquidated damages. Any changes to this Agreement must be made in writing and agreed to by the Seller. Seller Responsibility: The Seller offers the Property for sale in "AS IS, WHERE IS" condition at the time of sale or closing, including any hidden defects of any nature, known or unknown, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of the Property. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding the Property. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone. General Refund Policy: All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property. Buyer acknowledges and verifies that he/she has carried out all necessary due diligence desired by Buyer to purchase. Properties are sold "As Is, Where Is" and, as such, all sales are final and refunds will not be granted. Information: All information derived from third party sources, including but not limited to property assessments, appraisals, county websites, pictures and title reports is deemed reliable but not guaranteed. |
| · This auction requires that the winning bidder pay a Buyer's Premium of 10.00% 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. |
| |
| · Certified/Cashier's Check · Wire Transfer · Money Order · $400 non-refundable deposit is due within 24 hours. · Balance (including the transaction costs below) is due within 7 days – no exceptions. A) Transaction costs: · $335 deed processing and recording fee · 10% of the Final Winning Auction Sales price is added to the Winning Auction price for the Buyers Premium (ex $3,000 X 10% =$300. Total $3,300.) B) Payment may be made by: · Cash or Bank Check Deposited into Bank of America or BB&T · Wire transfer · Moneygram Purchase Contract: In order to complete this, you will need to provide “Vesting” information – · Individual or Company (include Tax ID#) in which the property is to be titled · Complete mailing address · Contact Name, email address, phone #, and fax # Once this information is gathered, the purchase contract will be emailed to you for your signature. *This contract is required by many counties for recording the deed. Deed Delivery: · A Quit Claim deed will be prepared upon completion of the auction but will not be sent out Buyer funds are received by Seller in full. A Quit Claim deed will be sent for recording through a deed recording service. The deed recording process generally takes 2-4 weeks depending upon the County municipality however human error creates some delays. |
This auction requires that the winning bidder pay a Buyer's Premium of 10.00% 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.
Some sellers buy large "pools" of under-valued properties from banks. The seller may not inspect every property prior to sale. The seller represents these properties to the best of their knowledge. In some rare cases, property may have severe damage or be subject to county/city orders not described in the auction. It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property.
Bid4Assets reminds all potential real estate bidders that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. Necessary due diligence items may include, but are not limited to,
By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Please contact Bid4Assets if you believe that a seller is intentionally misrepresenting a property in their auction.
