Multiparcel Bankruptcy Auction

Torrence, Read, & Forehand Auctions

 

Date(s) 3/11/2018 - 3/21/2018

Wednesday, March 21, 2018 beginning at 12:30pm EST

Past Auction
Bidding Notice:

Place prebids prior to the auction or bid live during the auction.

Auction Information
Name Multiparcel Bankruptcy Auction
Auctioneer
Type Live Webcast Auction
Date(s) 3/11/2018 - 3/21/2018
Auction Date/Time Info
Wednesday, March 21, 2018 beginning at 12:30pm EST
Preview Date/Time self-guided tours ok anytime
Checkout Date/Time N/A
Location
Buyer Premium 5% Buyer's Premium
Description
Selling for the U.S. Bankruptcy Court. Land tracts in Amherst and Campbell Counties and a commercial lot in the City of Lynchburg.
Terms: Property sells “AS-IS”, "WHERE-IS" without warranties of any kind. Potential Buyers must perform such independent investigations with respect to the Property as they deem necessary to verify information provided by Auction Company. Warranty: All information provided by Auction Company is deemed reliable but is not warranted. The information provided by the Auction Company is subject to verification by all parties relying on it. No liability for its accuracy, error or omission is assumed by the Auction Company. Title: Seller will convey title by Special Warranty Deed free and clear of all liens. Registration: Bids will be accepted only from registered bidders. On-site registration begins at 11:30 AM day of sale. Please bring a valid form of identification (i.e. driver’s license). Online registration will be open until Tuesday, March 20 at 8PM EST. Online bidders should register early to allow time to complete the registration process. Announcements: Announcements made on day of sale take precedence over all prior communications, both verbal and written, concerning the sale of the Property. Buyer’s Premium: A 5% buyer's premium will be added to the high bid to determine the final sales price. Deposit: Deposit equal to 10% of final contract price (bid price plus buyer's premium) due day of sale by cash or good check or wire transfer. Approval: Property sells subject to court approval. Closing: Balance of Purchase Price shall be due at closing on or about 30 days after the sale. Agency: The auction company and its representatives represent the sellers.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 975.00 25.00 USD
975.01 - 9,750.00 250.00 USD
9,750.01 - 97,500.00 2,500.00 USD
97,500.01 - 9,999,999.99 5,000.00 USD
Currency USD
Buyer Premium 5% Buyer's Premium
Payment Terms
Deposit equal to 10% of final contract price (bid price plus buyer's premium) due day of sale by cash or good check or wire transfer. Balance due in certified funds at closing on or about 30 days from auction date..
N/A
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.