BIDDER IS BUYING THE ASSIGNMENT OF A MORTGAGE IN THE AMOUNT OF 5,000 DOLLARS ON A PROPERTY AT 43 LAUREL AVENUE IN OIL CITY , VENAGO COUNTY,PA 16301. THE PROPERTY HAS OUTSTANDING PAST DUE TAXES OF 1400.00 AND 2010 TAXES ARE DUE OF AROUND 650.00. THE PERSON WINNING THIS AUCTION WILL BE ASSIGNED THE MORTGAGE AND CAN FORECLOSE ON THE PROPERTY. THE POPERTY IS A 3 BEDROOM HOUSE WITH ONE BATH, DUPLEX , LOT SIZE IS 3,485 FEET, PROPERTY IS A HANDYMAN SPECIAL WITH NO WARRNTIES OR GUARANTIES- TAX PARCEL NUMBER 08-043-06-000, BIDDEE IS RECEIVING ASSIGNMENT OF MORTGAGE AND CAN THEN PROCEED TO FORECLOSE ON PROPERTY. BIDDER WILL BE RESPONSIBLE FOR ALL FEES RELATED TO TRANSFER OF DOCUMENTS APPROX IMATELY 275 AND 10% PREMIUM ON AUCTION

note to all questions:the balance of the mortgage i gave to the purchaser is over $5,000, the purchaser defaulted, stop making payments, i an assigning the mortgage rights which inturn gives the new individual the right to foreclose, the house is a duplex with three bedrooms,no one is living there. i am not selling the mortgage assignment for 5,000, there is a reserve price, low and a buy now price low, i hope this answers your questions

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.