CLOSING COSTS & GOOD FAITH ESTIMATE: Additional costs, above the sales price, will include:
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2% of the sales price – transfer tax.
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10% - Buyers Premium.
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$62 – Deed recording.
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$100 – Conveyance fee.
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$250 – Settlement fee.
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$137 – Document Preparation fee.
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Prorated taxes for the rest of the year.
CONDITIONS OF SALE: Immediately, at the conclusion of the auction, within 24 hours, buyer shall contact seller, via email or telephone, and provide: 1. name(s) to be placed on deed. 2. address. 3. ALL phone numbers, in which seller will send buyer a Settlement Sheet, disclosing the Total Amount Due, which includes purchase price, and closing costs! Buyer is responsible for the local & state fees, to transfer the property, 2%25 of the sale price, which will be denoted on the Settlement Sheet. Total Amount Due shall be mailed or wired to our title company within 72 hours of completion of auction.
We are wholesale liquidators of Real Estate and SELL our properties WAAAY BELOW MARKET VALUE, and sometimes we take a loss. We are SERIOUS SELLERS with AMAZING DEALS and only want SERIOUS BUYERS! This is an AUCTION! Per Bid4Assets rules, as a buyer, you are under contract to perform and settle the property as the HIGH BIDDER! If you DO NOT settle the property, then you are in BREACH OF CONTRACT! You WILL BE SUED in court by the seller to complete settlement! Therefore, if you have any questions, we urge that you email or call us before bidding.
SELLERS DISCLOSURE: This property is a foreclosure. The seller has never occupied the premesis and cannot make any representations as to the condition. Therefore, this property is being sold in "as-is" condition.. The information set forth, herein, to be included, but not limited to, potential resale prices, renovation costs, assessment info, annual taxes and property condition, is only based on our own assessment of information gathered from various sources. We caution, in that the buyer, to do their own research, prior to making an offer. Any bidder/purchaser who bids on this property hereby acknowledges, and agrees to this disclosure.
WINNING BIDDER INSTRUCTIONS: If you are the winning bidder of one of our auctions, you must contact us immediately via the email below and provide us with the following: Name(s) on deed, address where deed is to be shipped, day & evening phone numbers, fax numbers, and your email address. Once this information is received, you will be contacted within 24 hours(usually immediately) by one of our representatives, and you will be provided with a settlement statement(HUD-1) and additional paperwork required to transfer ownership of the property.
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