AUCTION ID #: 505395 Bookmark and Share
Wayne County, MI: PIN: 01004135-6
Item 505395  
Winning Bid: USD $176,000
Number of Bids: 48
Winner: jpwolfe1234
Reserve: No Reserve!
Status: Sold
Auction Started: 09-16-11    11:00 AM ET
Auction Closed: 09-19-11    09:33 AM ET
Asset Details
Seller Information
      
Seller Name: Wayne County Treasurer
Rating: Not Applicable
Location: 1550 WOODWARD AVENUE
Detroit, MI    48226
View Seller's other items
 
 
Bid Increment: $500
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $68,600
Auction Type: Regular Auction
Source: Government
Deposit Required:
$5,035 / $1,035  see instructions
Opt A / Opt B
Overtime Period: 5 min
Page Views:
Asset was Sold
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Asset Information Additional Details Your Bid History

The Office of the Wayne County Treasurer offers tax-foreclosed property for auction and encourages bidders to research the property thoroughly using the following information as a starting point.

Deposit Requirement
  • A single deposit (plus a $35 processing fee) is required to participate in the Wayne County auction.
  • Deposits must be received by Bid4Assets no later than 4:00 PM ET (1:00 PM PT) Friday, September 9th.
  • Click here to place your deposit.

Disclaimers
  • Wayne County retains the right to reject any and all bids for any reason.
  • Wayne County may withdraw this property from the auction at any time before or during the sale.
  • Wayne County reserves the right to cancel the sale of a property at any time prior to the issuance of the deed.


Item Specifics
 
Parcel Information  
  PIN 01004135-6
  Legal Description E WOODWARD N 15 FT 24 S 30 FT 23 PLAT OF SEC 7 GOVERNOR & JUDGES PLAN L34 P544 DEEDS, W C R 1/9 45 IRREG
  Address 1550 WOODWARD AVENUE
Detroit, MI 48226

Asset Description



End of Auction
After the close of the final Wayne County listing for auction on each day, all winning bidders are sent detailed instructions via e-mail on settlement procedures and how to provide the county with the necessary deed transfer information.

Wayne County requires that the winning bidder submit the deed transfer information to Bid4Assets within 24 hours of the close of auction.


Maps & Area Information

Additional Details
For more information about this asset including photos, specs and more (when available), click here.
Bidding Requirements
To bid on this auction, all bidders are required to become qualified by placing a deposit. The deposit of the winning bidder is automatically transferred to the seller at the end of the auction. If the winning bidder fails to perform on any auction, the entire BidDeposit will be forfeited to the seller.

Non-winning bidders' deposits are refunded within (10) ten business days after the close of the auction. This deposit cannot be applied to other auctions.

To find out more about the BidDeposit requirement, click here.
Settlement Requirements
Payment Type
  • Certified/Cashier's Check
  • Wire Transfer
  • Full payment must be received by Wayne County within ONE (1) business days from each auction close. Personal checks, traveler's check and credit card payments will NOT be accepted. If the payment policy is not adhered to, the winning bidder will forfeit their deposit and may be banned from future sales.