|Seller Name:||Lake County|
5880 LAKESHORE BLVD
|Number of Bids:||31|
|This is the final amount the asset was sold for. Winning Bid:||$722,000|
|It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:||$675,000|
|Your Bid Status:||Log in to view status|
|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!|
|Auction Started:||04-25-14 11:00 AM ET|
|Auction Closed:||04-28-14 04:49 PM ET|
|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|
|Deposit Required:||$25,035 — See Instructions|
|Legal Description||Click Here|
|Address||5880 LAKESHORE BLVD
|Parcel Image||View Parcel Image|
|Parcel Map||View Parcel Map|
|Total Assessed Values||$2,606,927.00|
The due diligence items below apply to all related auctions from this seller.
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 bidder deposit refunds are mailed within ten (10) 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.
Full payment must be received by Bid4Assets no later than 4:00 PM ET (1:00 PM PT), May 6, 2014 (within seven business days of the close of the auction). If the payment policy is not adhered to, the winning bidder will forfeit their deposit and may be banned from future sales.
A $35 per-parcel-won administrative fee will be added to the final Sale Price. Also a California documentary transfer tax will be added to, and collected with, the full purchase price. This tax is calculated at the rate of $.55 for each $500.00 or fractional part thereof.
Execute a Deferred Payment Agreement with the Lake County Tax Collector.