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Detroit, MI - No Reserve – Lot of 3 Homes in Adjacent Zip Codes – Easy to Manage, Great Investment!

Seller Name: rrp1
Rating:   (1)
Location: 1635 Waterman
Detroit, MI 48209
United States

Asset was sold for $501


Asset Information

Item Specifics - Residential Properties
Residential Properties
Address 1635 Waterman
Detroit, MI 48209
United States
Asset Due Diligence Browser
Additional Terms of Service

The Seller is unable to provide access to these properties.

If available, additional property information is accessible by clicking on the Additional Details tab above.

Buyer is responsible for all taxes, liens, and encumbrances.

This property is 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, expressed or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of this property. No statement anywhere, whether expressed or implied, shall be deemed a warranty or representation by the Seller regarding the property. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase. All the information is obtained from 3rd party sources.

Settlement Requirements

A 10% non-refundable deposit is due within 48 hours; full payment is due within 10 business days. Property will be conveyed by recorded quit claim deed. A $295 deed processing fee and recording fee per property will be charged to the buyer. The buyer is responsible for a 5% buyer’s premium, which covers the buyer’s share of the auction costs. Deeds will be prepared and transferred by the seller to the Register of Deeds for recording immediately following receipt of good funds from buyer. Payment of deposit and balance may be made by wire transfer, money order or certified bank check. Paypal is not accepted.

Buyer Premium Information

This auction requires that the winning bidder pay a Buyer's Premium of 5.00% 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.

Payment Type
  • Certified/Cashier's Check
  • Settlement Agent
  • Wire Transfer
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.

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