Auction Details

Bank owned property!!!

 Not Fancy.. Just Real Homey. 3 Bedroom home with bonus room and I one car garage!

Tax Value $128,600

Online Real Estate Auction Terms and Conditions/Registration

This online Real Estate Auction is for property located at 1208 Alston Hills Drive Charlotte, NC 28214. There is a reserve on this property. Bidding will BEGIN March 27th, 2009 at 7:00 AM and END on April 9th 2009 at 3:00 PM (Eastern Standard Time). Please do not bid until you have read the following Terms & Conditions. If you have any questions, please call our office at 704-900-4709.

1.                  Bidding is open to the public.

2.                  All bidders must be registered and obtain a bidding number in order to bid; however, there is no requirement to bid. All Bidders identity will be verified. A Visa or MasterCard is required to register, however NO charges will be made to your credit card.

3.                  By registering and bidding, the bidders acknowledge they understand and agree to the terms and conditions of the auction. The winning bidder also agrees to sign a purchase and sales agreement and pay the required escrow funds by 3PM (Eastern Standard Time) on April 3rd, 2009 at the offices of Lighthouse Auction Services, 19615 Liverpool Parkway Ste B, Cornelius, NC.

4.                  The winning bidder also agrees to close the transaction within 30 days or less of contract date.

5.                  All property sells in “as-is, where is” condition without guarantee or warranty as to suitability for use.

6.                  Bidding increments are controlled by Proxibid and cannot be changed. Please check with Proxibid for minimum bidding increments.

7.                  Contract Sales Price – The contract sales price will be determined by adding the high bid price and a buyer’s premium equal to 7% of the bid price together.

8.                  The high bidder will execute the Purchase and Sale Agreement and deposit with Attorney Mark Mangiarelli an amount equal to five percent (5%) of the contract sales price to be held in escrow and applied toward the purchase price. This as a non-refundable deposit unless the seller cannot provide a clear title at closing. The balance of the sales price will be due at closing.         

9.                  Possession: Recording of the deed

10.              Closing will be at the law office of Mark Mangiarelli. 14316-C Reese Blvd. Huntersville, NC 28078 704-494-0882

11.              In the event the purchase offer is accepted and the buyer fails to comply with the terms of the Contract of Sale, then the earnest money will be forfeited, but such forfeiture shall not affect any other remedies available to seller for such failure.

12.              Lighthouse Auction Services – Tim Brown, Auctioneer NCAL #8560 is an agent of the Seller in this transaction.           

13.              All information published, announced or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the seller or Lighthouse Auction Services and Tim Brown, Auctioneer NCAL #8560. Personal on-site inspection is recommended. The failure of any bidder to inspect, or to be fully informed as to the condition of the property, will not constitute ground for any claim or demand for adjustment or withdrawal of bid, offer or earnest money after its opening tender.

14.              We reserve the right to add or delete.

15.              This is a bank owned or foreclosed property. Special Warranty Deed will be provided.

16.              The Auctioneer is the sole arbitrator for all disputes at the auction. The Auctioneer reserves the right to refuse any bid.

Any questions please call:

Lighthouse Auction Services NCFL # 8552

19615-B Liverpool Parkway, Cornelius, NC 28031

704-900-4709.

View this auction on the National Auction List for more information.