Bidding Format:
The Auction to be conducted by the Trustee's actioner Tranzon Auction Properties (the "Auctioneer").
The Estate Property may be sold individually items and/or collectively.
Unless otherwise stated, the public sale will be free and clear of all liens. Liens, if any be claimed, will attach to the proceeds of the public sale and the validity and extent of such liens will be determined at a later time.
Prospective bidders/buyers are encouraged to inspect all items carefully before bidding.
All Sales Are Final.
All the Estate Property is being sold "AS IS, WHERE IS" with no warranties and/or guarantees of any kind.
There will be no re-bids or rebates after an item is sold.
There are no contingencies to this auction. The auction is not subject to person or place. The proposed buyer(s) must follow all rules and regulations of the applicable governing entity. The proposed buyer(s) is responsible for costs of transfer.
The Trustee reserves the right to reject any bids or to withdraw any item of property from the sale at any time before the sale is completed. The sale of any property, including, the Estate Property, is subject to final approval of the Trustee.
For additional information, please visit the auctioneer's website at www.tranzon.com or call Tranzon Auction Properties at 908-642-7984.
A bid signifies acceptance of these proposed terms of sale. Additional terms of sale may be announced by the auctioneer on day of auction.
Auction Ends:
On the Auction End Date.
Buyer(s) Premium:
15%:
15% Buyer Premium applies to any purchases made via the online bidding platform. The 15% Buyer's Premium (paid by the Buyer) will be added to the hammer price (bid price). The hammer price (bid price), plus the 15% Buyer's Premium will be the Purchase Price payment.
Payment Instructions:
Successful bidder(s) shall be required to pay for all items prior to pick up. Full Purchase Price payment is to be made within two (2) days of the conclusion of the auction by WIRE TRANSFER. Partial payments will not be accepted. All sales are final. No items can be removed until entire Purchase Price payment is paid in full. Auctioneer reserves the right to resell buyer's lots if full payment is not made within specified timeframes.
Forms of payment accepted:
Wire Transfer made payable to made payable to "Tranzon Auction Properties".
Other Terms and Conditions:
This is an auction following this notice being filed in the United States Bankruptcy Court for the District of New Jersey.
AS-IS, WHERE IS: All items are sold "as is, where is" without warranty or guarantee. Prospective buyer/bidders are encouraged to inspect all items carefully before bidding. There will be no re-bids or rebates after an item is sold. All items are being sold "AS-IS" and "WHERE-IS" with no warranties expressed and/or implied and/or or guarantees of any kind. The Trustee and the Auctioneer makes no representations of any kind, including, but not limited to, the marketability of the Estate Property. There are no refunds and/or exchanges.
Unless otherwise stated, the public sale will be free and clear of all liens. Liens, if any be claimed, will attach to the proceeds of the public sale and the validity and extent of such liens will be determined at a later time.
GENERAL DISCLAIMER: The Trustee and Tranzon Auction Properties assumes no liability for errors or omissions as to the listing related to the auction. Items sold As Is, Where Is, without any warranties whatsoever, whether express, implied or statutory. Expressly excluded are warranties of merchantability, fitness for use and purpose and description. Any information is gathered from sources believed to be reliable, but is not guaranteed to be accurate. Items are available for inspection and any bidder is solely responsible for personally inspecting the item and verifying any information presented here or elsewhere. Item descriptions and listings are subject to change, correction, update and/or cancellation at any time, without notice. By making a bid, Bidder(s) accepts the terms and conditions below and will be bound by them.
REMOVAL, LOADING AND SHIPPING: No items may be removed until complete payment has been received. Buyers are required to make their own shipping arrangements. If items are not picked up during removal period, buyer will forfeit the item(s) with no refunds. The winning bidder(s) is responsible for their own shipping and loading.
SHIPPING: ALL SHIPPING AND HANDLING COSTS ARE THE RESPONSIBILITY OF THE BUYER. Items must be removed no later than Wednesday December 15, 2021 at 4:00p.m. or a $75 a day storage fee will be collected.
DAMAGES: The Buyer(s) will further indemnify and hold harmless the Auctioneer and the Trustee from any and all damages and claims of any type whatsoever, caused during the auction and/or arising out of the auction, and/or by the removal of the merchandise purchased. The Buyer(s) will be held responsible for any damage the Buyer(s) may create to the real property, other merchandise at the sale, and/or parties during the removal process. The Buyer(s), whether acting as principal, agent, officer and/or director of a company and/or otherwise, in any capacity whatsoever, and the company the Buyer(s) represents, both jointly and severally agrees to indemnify and save harmless the Auctioneer, the Trustee and/or their employees, professionals, agents, and attorneys, and/or real property owner from any and all actions, causes of action, suits, damages, costs, and/or losses of any nature, including injury and/or death, arising from the purchase and/or use of any merchandise, and/ or the attendance and/or participation of the Bidder(s), his/her agents and/or employees, at the auction and/or on the auction site whether before, during, and/or after the auction.
DEFAULT, RESALE and RISK OF LOSS: In the event the Buyer fails to pay the full Purchase Price payment within the time set forth by the Trustee, and/or fails to comply with any of the Terms and Conditions of Sale, the Trustee may resell the item at public or private sale without further notice. Any deficiency resulting from such resale shall be paid to the Trustee by such resale and enforcement of the obligation there under. The Buyer(s) agrees to pay any and all charges and expenses incurred by reason of any breach of the Terms and Conditions of Sale, including without limitation reasonable attorney's fees. All risk of loss, damage and theft to said items passes to the BUYER(S) at the time of announcement of the successful bidder. The Auctioneer and the Trustee are not responsible for damaged, lost or stolen items.
Successful bidder(s) shall be required to pay for all items prior to pick up. Full Purchase Price payment is to be made within two (2) days of the conclusion of the auction by WIRE TRANSFER. Partial payments will not be accepted. All sales are final. No items can be removed until entire Purchase Price payment is paid in full. Auctioneer reserves the right to resell buyer's lots if full payment is not made within specified timeframes. All Sales Are Final.
All the Estate Property is being sold "AS IS, WHERE IS" with no warranties and/or guarantees of any kind.
There will be no re-bids or rebates after an item is sold.
There are no contingencies to this auction. The auction is not subject to person or place. The proposed buyer(s) must follow all rules and regulations of the applicable governing entity. The proposed buyer(s) is responsible for costs of transfer.
The Trustee reserves the right to reject any bids or to withdraw any item of property from the sale at any time before the sale is completed. The sale of any property, including, the Estate Property, is subject to final approval of the Trustee.
For additional information, please visit the auctioneer's website at www.tranzon.com or call Tranzon Auction Properties at 908-642-7984.