AUCTION ID #: 429469 Bookmark and Share
NO RESERVE!!! Single Family House Detroit MI Excellent Cash Flow
Item 429469  
Final Bid: USD $0
Number of Bids: 0
Your Bid Status: Login to view status
Reserve: No Reserve!
Status: Closed
Auction Started: 11-19-09    01:15 AM ET
Auction Closed: 11-22-09    07:00 PM ET
Asset Details
Seller Information
Seller Name: Pro Am Companies
Rating: Not yet rated
Location: 12345 Indiana
Detroit, MI    48204
View Seller's other items
 
 
Bid Increment: $500
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $2,000
Auction Type: Regular Auction
Source: Private Auction
Deposit Required: $0
Overtime Period: 5 min
Buyer's Premium: 10.0%
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Item Specifics
 
Residential Properties  
  Address 12345 Indiana
Detroit, MI 48204
United States
  Lot Size .55 acres
  Number Of Bedrooms 3.00
  Number Of Bathrooms 1.00
  Living Space 950.0
  Year Built 1922
  Annual Taxes $2381.00
  Property Condition Needs Some Repairs
  Water City
  Sewer City
  Appliances None
  Occupancy Vacant

Asset Description
 
NO RESERVE!!!
Start or Build Your Real Estate Empire With This Excellent Single Family Home investment in Detroit, Michigan!
Please Do Your Due Diligence on this property. Any claims made in this ad are our opinions based on visual inspections. We are not building inspectors and make no guarantees or warranties as to the condition of the property
 
Address 12345 Indiana, Detroit, MI 48204

We reserve the right to end this auction early as this property is advertised elsewhere.

Serious Investors are Welcome to Bid
This home is being Sold, AS-IS, Where-IS, and with all Faults.
CASH SALE ONLY, You Must have the funds available or do not BID, We will require a Non-Refundable $1,000 down payment (Bank Wire or Certified Check) on this home within 48 hours of auction.
A Purchase agreement will be sent to Buyer within 24 hours and the Buyer will need to sign, date, initial and send back.  
Full Amount of the Home will be Due within 7 days of Auction, sent by Bank wire or Cashiers Check. (Non-Negotiable)
Seller will provide Quit Claim Deed that will transfer this said Property From the Seller to the Buyer! Buyer will get a copy of the Deed within two weeks. The original deed will Be sent for recording, and Buyer will expect the original deed from recorder's office in 4-6 Weeks.
Please add 1,500 Dollars plus 10% buyer premium to Final Bid to cover Our Processing Fees. This will include All fees such as Preparing the deed, recording, etc.

Property is being Sold As-Is and will need some repairs/renovations. In our opinion most repairs could be done if you have basic home repair skills. Buyer responsible for any unpaid taxes and assessments. Taxes have been paid through mid-2008 according to our information buyers should do their own due diligence to confirm this. Price has been set accordingly. Please do your due dilligence.There are no warranties or guarantees implied or otherwise included with this property.
 
This property is an excellent investment at this price.
 
At the end of the auction you will need to provide your name, name to be on title, address so we can put that information on the purchase contract and deed. You must provide this information with your non refundable $1,000 deposit within two business days after the end of the auction. We accept wire transfers and certified checks.

Maps & Area Information

Additional Details
For more information about this asset including photos, specs and more (when available), click here.


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) a satisfactory inspection of the property b) completion of a title search c.) investigating back property taxes and D.) 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.
  • Certified/Cashier's Check
  • Wire Transfer
  •