212 S. Michigan
South Bend, IN 46601
|Number of Bids:||1|
|It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:||$125,000|
|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:||Not Met!|
|Auction Started:||02-07-11 09:00 AM ET|
|Auction Closed:||02-10-11 03:00 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|
|Address||212 S. Michigan
South Bend, IN 46601
|Lot Size||0.2 acres|
|Property Type||Theater w/ Strip Mall|
|Gross Monthly Rent||$1700.00|
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.
Winning bid price is subject to approval by the bank.
Winning bidder is responsible for all liens, encumbrances and back taxes. Full payment is due within 5 calendar days of the auction's close. Seller accepts certified funds via mail, wire, or ACH. A quitclaim deed will be given at time of settlement. Bank will pay deed preparation and recording costs and will handle deed recording free of cost. Buyer pays NO closing costs.