AUCTION ID #: 435303 Bookmark and Share
USMS: Dumas, Texas - Commercial Property
Item 435303  
Winning Bid: USD $72,400
Number of Bids: 2
Winner: polopmgolrln4445
Reserve: Not Met
Status: Sold
Auction Started: 02-16-10    08:00 AM ET
Auction Closed: 02-18-10    03:00 PM ET
Asset Details
Seller Information
      
Seller Name: USM
Rating: Not Applicable
Location: 423 South Dumas
Dumas, TX    79029
View Seller's other items
 
 
Bid Increment: $2,200
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $68,000
Auction Type: Regular Auction
Source: Government
Deposit Required: $6,800    
Overtime Period: 5 min
Page Views:
Asset was Sold
Add to My B4A Watch List | Need Help?
Asset Information Additional Details Your Bid History

PROHIBITED PARTIES

The contractor, its employees, and their families and/or persons acting for and/or on behalf of the contractor are prohibited from bidding on any property offered for sale by the United States Government.

In order to avoid a conflict of interest, or the appearance of a conflict of interest, the following classes of persons are prohibited from purchasing, either directly or indirectly, property forfeited to the United States which is to be sold under this contract or any subcontract to this contract.

To view the entire Prohibited Parties Terms please click here.

View all USMS auctions at Bid4Assets


Item Specifics
 
Other Properties  
  Address 423 South Dumas
Dumas, TX 79029
United States
  County Moore County
  Living Space 2,054.0
  Property Type Commercial
  Property Condition Good
  Display Maps Yes

Asset Description
The U.S. Marshals Service offers the following asset for auction:
  • Subject property is located at 423 South Dumas Avenue, Dumas, Moore County, Texas 79029.
  • Legal Description: Lots 13, 14, 15, and 16, Block 46, Original Town of Dumas, Moore County, Texas.
  • Lot size is 100’ x 150’ +/-.
  • Property type is commercial.
  • This property is currently occupied and being used as a restaurant. The occupant does have a lease agreement with the seller paying a rent of $850.00 per month. To view a copy of the lease agreement please click here.
  • This is a one story building which consists of 2054 +/- square feet of gross living area. This property has two bathrooms and also has eight (8) parking spaces.
  • All personal property inside of the property belongs to the current renter and will not convey with the property.

This is pursuant to an Amended Final Order of Forfeiture dated January 26, 2010.


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.
Additional Terms of Service
Sold by the U.S. Marshals Service, which reserves the right to refuse any bid for any reason. Please see the document "General Terms of Sale" found in the due diligence area for further information. Bidders should conduct their own due diligence to determine value.

The assets offered for sale by the United States Marshals Service are either seized by and/or forfeited to the United States under federal forfeiture laws. All Buyers of these assets must understand that the United States, and/or its agencies, agents, officers, employees, and/or assigns (hereinafter referred to as "Seller") has acquired the subject property through seizure and/or forfeiture, and has little or no direct knowledge concerning the title, nature, value, source, authenticity and/or any other aspect or characteristics of these assets.

THEREFORE, the Seller offers these assets 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, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of these assets. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone.

All information derived from third party sources, including but not limited to appraisals, is deemed reliable but not guaranteed.

All buyers are deemed to have relied entirely on their own information, judgments and inspections of the assets in making the decision to purchase the asset.

In addition, all Buyers must agree to release and hold harmless the Seller from any and all demands, rights and causes of action, arising from, or to arise from, or by reason of, the Government's seizure, forfeiture, ownership, possession, management, use, sale and/or transfer of these assets.

Settlement Requirements
  • Certified/Cashier's Check
  • The successful bidder has 24 hours following the close of the auction to sign a Purchase Agreement. The successful bidder has 30 calendar days to complete the transaction by certified check to the U.S. Marshals Service. If the successful bidder does not perform, the bidder will forfeit his/her/its BidDeposit to the U.S. Marshals Service. The successful bidder will be required to cover any closing costs.

    For assistance, please contact Bid4Assets’ Customer Service team at service@bid4assets.com or 877-4ASSETS (427-7387).

  •