THIS PROPERTY HAS A CURRENT ZILLOW VALUE OF $85,333.00. A 2013 CUYAHOGA COUNTY ASSESSED VALUE OF $62,800.00

 

Additional Terms of Service

Please note that SELLER HAS NEVER VISITED THIS PROPERTY and all information and pictures have come from third-party sources. Any pictures provided may not accurately depict the current condition of the property. The Seller offers these assets for sale in "AS 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 these assets. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone. All information derived from third party sources, including but not limited to appraisals, is deemed reliable but not guaranteed. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the assets in making the decision to purchase the asset.

 

PLEASE READ CAREFULLY- Bid4Assets Real Estate Buyer Responsibilities

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. Bidders, please be advised the action of placing a bid on a live auction is legally binding. It is highly suggested to perform thorough research of the property prior to bidding.

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,

  • A SATISFACTORY INSPECTION OF THE PROPERTY
  • COMPLETION OF A TITLE SEARCH
  • INVESTIGATING BACK PROPERTY TAXES AND
  • OTHER - LIENS AND ENCUMBRANCES SUCH AS UNPAID UTILITY BILLS.

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.

 

Settlement Requirements

  • 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.

Accepted Payment Types

  • Certified Cashier's Check
  • Wire Transfer
  • Direct Deposit (please contact for further instructions).

 

WINNING BIDDER IS RESPONSIBLE FOR ALL LIENS, ENCUMBRANCES AND BACK TAXES. THERE IS A $495.00 DEED PREPARATION & RECORDING FEE ASSOCIATED WITH THIS AUCTION, AS WELL AS A 10% BUYER'S PREMIUM WITH $100.00 MINIMUM. FULL PAYMENT IS DUE WITHIN 48 HOURS OF THE AUCTION'S CLOSE VIA CASHIER'S CHECK, WIRE TRANSFER OR DIRECT DEPOSIT. A QUITCLAIM DEED WILL BE GIVEN AT TIME OF SETTLEMENT. DEED PREPARATION AND RECORDING WILL BE HANDLED BY A THIRD-PARTY, NON- NEGOTIABLE TITLE COMPANY. THIS PROCESS WILL TAKE 2-3 WEEKS (MONDAY-FRIDAY BUSINESS DAYS).