Ness Bros. Real Estate & Auction Co. - GMAC Real Estate HOME
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5.9 Acres
Bankruptcy Land Auction
Auction
5119S 100E - 57
Churubusco, IN
 
SOLD

Wednesday Aug. 6 @ 5:30 PM

MAP LOCATION

Located approx. 4 ½ mi. west of Churubusco, IN on US 33 west to County Line Rd. 100E, turn right (north) and go ½ mile to 5119S 100E – 57, Churubusco, IN.


 

Property Information

This tract of land consists of 5.9 acres of rolling, wooded land with a 2-car garage located in Noble County.


----PROCEDURE: The property will be offered in One individual tract containing approx. 5.96+ acres.

----TERMS: 10% down the day of Auction, balance due in full upon delivery of the merchantable title and deed free and clear of all liens and encumbrances except as stated herein and subject to easements or restrictions of record. A 5% buyer’s premium will be added to final bid and included in the total contract price. If you are the high recorded bidder on any individual tract or combination tracts you must stay for the entire auction. All bids accepted on the Real Estate subject to the Sellers approval.

----CONDITIONS: Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

----TAXES: Buyer shall assume and pay real estate taxes due and payable in May 2009

----POSSESSION: One day after closing subject to tenants rights.

----IMPROVEMENTS & FIXTURES: The Real Estate includes all improvements and permanent fixtures used in connection with it, (excluding any satellite receiving station or dish, components and wiring) now in or on the Real Estate.

----SURVEY: The Seller has a legal description for the property so no survey will be provided. If a survey is requested it will be paid by the buyer.

----AGENCY DISCLOSURE & GENERAL OFFICE POLICIES: Ness Bros. Auction Staff (Auctioneers and Ringmen) will represent the Seller exclusively unless Ness Bros. Agent has a signed buyer agency agreement with buyer, then that agent has a limited agency with buyer.

----DISCLAIMER & ABSENCE OF WARRANTIES: All information contained in the brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an “AS IS, WHERE IS” basis and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the seller or the auction co. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The seller and selling agents reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the Auctioneer are final.

----CLOSING: Balance of purchase price is due in cash at closing, which will take place within 30 days of proof of insurable title. The fee charged by any closing agent (including an attorney acting as a closing agent for both parties, or Buyer’s lender acting in such capacity) for closing services shall be paid equally by the parties. Each buyer will be responsible for paying a $195.00 transaction fee to be collected at closing.

----SPECIAL NOTE: There is certainly a 30 ft wide easement on the property that will pass with the property. The top bidder will be required to enter into a written agreement to purchase improved real estate contract irrevocable with earnest money deposited at the auction site immediately following closing of the auction. By executing this agreement, buyer is making an offer to seller, buyer’s offer expires at 11:59 P.M. (local time) August 13, 2008 unless seller timely accepts it.

THANK YOU for your interest in this offering. If you have any questions, please feel free to talk to one of our representatives.
 

 
Inspect - Arrange Financing - Bid Your Price

For A Free Recorded Message Call 1-877-297-7407 ID 6880

Statements made the day of auction takes precedence
over previous printed materials or any oral statements.

 
Martin E. Seifert, Bankruptcy Trustee
– Seller
Case #05-18383
 

Ness Bros. Real Estate & Auction Co.
Gavel #AC39600001


 
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