Real Estate > Timeshares > All > # 579941

BANKRUPTCY SALE: Timeshare in Colonial Williamsburg, VA

Seller Name:	Chapter 7 Maryland
Rating:	Not Applicable
Location:	The Townes at King's Creek Plantation Williamsburg, VA 23185 United States

Number of Bids:	0
It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:	$1,500
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It is the minimum dollar amount a Seller is willing to accept for an auction. This amount is not disclosed on the Web site, but bidders are notified once the reserve price has been met. Auctions with no reserve price are labeled as "No Reserve" on the auction listing. Reserve:	No Reserve!
Status:	Closed
Auction Started:	08-27-12 08:00 AM ET
Auction Closed:	09-06-12 03:00 PM ET
Bid Increment:	$100
It is an extension of the auction close time and keeps an auction open as long as there is active bidding. It occurs automatically when a bid is placed within the last few minutes of an auction. The auction will remain open until an entire overtime increment has passed without any bidding. The overtime increment is indicated on the auction listing. Overtime Period:	5 minutes
Source:	Bankruptcy Estate
Deposit Required:	$0
This fee is added to the winning bid amount and covers the costs associated with the auction. The buyer's Premium percentage is indicated on the auction listing and displayed during the bid process. See the Settlement Requirements section of the auction for more details on the Buyer's Premium. Buyer's Premium:	10.0%
Page Views:	67281

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Asset Information

Item Specifics - Timeshare Properties

Timeshare Properties
Address	The Townes at King's Creek Plantation Williamsburg, VA 23185 United States

Asset Description

Settlement Requirements

Full payment is due within 4 days of approval of the sale. Buyer is responsible for a 10% buyer's premium with a $250 minimum and actual closing costs. There may be additional bankruptcy court approval required after the sale, which generally takes approximately 3 weeks.

Buyer Premium Information

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.

Payment Type

Certified/Cashier's Check
Wire Transfer
Money Order