The Property is selling on an ‘AS IS, WHERE IS’ basis, with no warranties of any kind, express, implied, or otherwise.
3% Buyer’s Premium to be charged on Real Property.
Stalking Horse Bids will be accepted until February 11, 2022 @ 5:00p.m.
Stalking Horse Bidder to be selected by February 15, 2022.
Qualified Bidder deadline is March 18, 2022 @ 5:00p.m.
Requirements for participation, due diligence materials and legal documentation are available by contacting the auctioneer.
Auction to take place March 22, 2022 beginning at 11:00a.m. in an ON-LINE ONLY
Format and ending when no bids are received within five (5) minutes from the previous bid.
$1,000,000 deposit must be made with the Escrow Agent.
Winning bidder will execute the PSA and forward any additional deposit to equal to 10% of the total contract price, within 24 hours of the auction. Any additional deposit
balance due will be deposited with the Escrow Agent
All sales are subject to the approval of the US Bankruptcy Court.
Balance due at closing within 21 days of the date of the entry of Order Approving the Sale by the US Bankruptcy Court.
Property is being sold Free and Clear of all mortgages and liens, subject only to real estate taxes (which will be paid by the buyer going forward).
NO contingencies to closing.
ALL closing costs to be paid by buyer.
All real estate taxes going forward to be paid by buyer.
Possession with Quit Claim Deed, free and clear of all liens, by order of the US Bankruptcy Court.
Inspection by appointment and concluded by March 18, 2022.
Broker Participation available – Call to qualify!
Auction to be conducted on-line ONLY.
Complete Bid and Sale Procedures and required documentation can be obtained by contacting the Auctioneer.