502 S Prairie St. Jacksonville IL 62650 
BASEMENT.....GRAVEL DRIVEWAY
Parcel 09-20-408-001
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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.
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Please note in most cases we order photos at the time we purchased this property and do not order updated photos at the time we run an auction on Bid4Assets. Property conditions may change over time and the photos may or may not accurately depict the current condition of the property. Please do your due diligence before you bid!
Stonecrest Financial has been a leading real estate investment company serving the California market since 1986. The company and its principals have successfully underwritten more than $800 million in residential and commercial mortgages since its inception.
Diversification within Stonecrest has provided a great foundation for overall success in the ever-changing real estate and lending market. Stonecrest has five distinct entities complimenting each other to provide expertise and solutions to a variety of investors and borrowers.
Stonecrest Financial, our Mortgage Broker team, has been serving clients for over 20 years by providing traditional mortgages through institutional lending.
Our Private Money division places an individual investor to a property secured by a single deed of trust. By arranging diverse real estate loans, funded by private investment clients, we provide a well secured trust deed investment which generates high yields for our investors.
Stonecrest Properties is our asset management division which buys and sells properties in foreclosure or in probate sales. We either improve and sell or hold and manage these properties providing our other businesses with real estate buying and selling expertise.
Stonecrest Managers is the managing division which oversees the Private Capital Fund, LLC. The Private Capital Fund invests in loans, secured by substantial collateral on California real estate. The Fund has consistently returned a 7-9% average annualized return since its inception. The Fund is committed to providing investors with a high level of monthly income, preserving capital, and enhancing the diversification of an investor's portfolio.
Our newest division is Stonecrest Investments, LLC, which purchases REO (Real Estate Owned) properties throughout the country. We are able to purchase these homes in bulk at discounted prices. Stonecrest Investments, LLC has purchased approximately 1,850 properties since March 2007 for approximately $6.65 million. As of January 2009, it has resold them for approximately $12.5 million.
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.
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.
