AUCTION ID #: 427006 Bookmark and Share
$1 Starts Single Family In Lowest Crime City - Huge Corner Lot $$
Item 427006  
Winning Bid: USD $3,001
Number of Bids: 6
Winner: penaam73
Reserve: No Reserve!
Status: Sold
Auction Started: 10-23-09    08:00 AM ET
Auction Closed: 11-08-09    09:15 PM ET
Asset Details
Seller Information
Seller Name: RealEBargains
Rating: Seller Rating - 4.5 (14)
Location: 1113 Orange Blossom
Mount Morris, MI    48458
View Seller's other items
 
 
Bid Increment: $500
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $1
Auction Type: Regular Auction
Source: Private Auction
Deposit Required: $0
Overtime Period: 5 min
Buyer's Premium: 10.0%
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Asset was Sold
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Item Specifics
 
Residential Properties  
  Address 1113 Orange Blossom
Mount Morris, MI 48458
United States

Asset Description

 
 
Property Details 

Property Type:

Single Family

Number of Bedrooms:

3

Property Address:

1113 Orange Blossom

Number of Bathrooms:

City:

Mt. Morris

Year Built:

1958

State/Province:

MI

Sq Footage (Sq. ft.):

912 

Zip/Postal Code:

48458

Lot dimensions :

80 x 114 feet

Yearly Taxes:

$849  

 

-Lowest Crime Rate Town in MICHIGAN -
 
- House Located On Large Corner Lot -

WARRANTY DEED - FREE & CLEAR

average list price for similar homes for sale is $46,983 and the average sales price for similar recently sold homes is $40,874. The average list price for ZIP code 48458 is 61,736.

All the pics taken on 9/19/09

Property Pics ( Click on any pic for enlarged view )
 
Auction Terms
This auction is for the FULL PURCHASE PRICE OF THIS PROPERTY . Bidder will receive a WARRANTY DEED (most secure deed).

There are no liens or mortgages against this property and you will get this house without any liens, back taxes, or back bills. If the buyer needs search and title insurance than he need to pay extra for these. International bidders are welcome. You will get warranty deed with insurable title.

NOTE:- This is not ready to move in house and may need cleanup and repairs.You are encouraged to go look at the home prior to bidding. We have never been to the home.We dont have no specific repairs list. This would make a great rental or a new home for someone who has money and energy to rehab this house. We got this house as bank foreclosure and you have to do your own due diligence as to what you can do with this house. As-is, where-is. We are selling this home AS-IS WITH NO WARRANTIES EXPRESSED OR IMPLIED. SERIOUS BUYERS ONLY- BINDING AUCTION.

Claim Against Bidder for Nonpayment - California State Law - Revenue and Taxation Code Section 3456.

-- By bidding on the property you acknowledge the following:-

If the highest bidder defaults, under Californian State Law (Revenue and Taxation Code Section 3456) ,  Real Estate Bargains will not resort to the second highest bidder. This can trigger following actions:-

(a) Real Estate Bargains shall have a claim against the bidder for setup/hosting expenses, revenue/time lost, and attorney fees.

(1) If a bidder does not pay the claim arising under subdivision (a) within 30 days after the notice is sent, The following shall apply:

- The Real Estate Bargains may utilize any means authorized by law to collect the claim, including, but not limited to, transferring the amount of the claim to the unsecured roll/collection agencies. Notification will also be sent to various credit agencies. 

Payment Information
We accept certified checks, cashier checks, money orders, and Bank Wire Transfers for the payment of your winning bid. All contracts, closing papers, maps, and information will be sent via Fedex to you upon receipt of payment
 
 
THIS IS A FINAL and CASH ONLY SALE. NO SELLER FINANCING. 

Following are the steps required to complete this transaction:-

1.    If you are the winning bidder, you will be required to make a non-refundable deposit (that goes toward the purchase price of the home) of $3500 within 1 days after the auction thru certified check received via next day mail.

2.  Once the deposit amount is received, we will send you Purchase Agreement for you to review & sign. Please return the signed Purchase Agreement along with the balance + $1499 (closing costs) to us using next day delivery (we will allow more time for overseas buyers).

 


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
  • Money Order
  •