PUBLIC ONLINE AUCTION
Online Bidding Only!
Bidding Ends Wednesday, December 15th, 2010, 7:00pm
Bank Owned Residential Property
6278 Hwy 39, Chelsea, Alabama, 35043
Shelby County licensing office shows that the past building permits reflect 10,000 Sq Ft, more or less.
PROPERTY - 2.85 Acres
Located just outside the Chelsea City limits in Shelby County.
This luxury home was foreclosed on while under construction.
It is estimated to be 80% to 90% completed.
Click on "Files" (upper left hand column) to view complete terms and conditions. To register and bid, all bidders must agree to the terms and conditions of the auction.
Click on "Bid Online" to register and bid.
10% buyers premium added to winning bid to determine the final sales price.
INSPECTION OF HOME - Anytime. The home is open and available for inspection. We encourage all bidders to inspect the home and property prior to placing a bid.
Property Sells As Is, without warranty or guarantee.
Seller will guarantee free and clear title to the property.
Chip Pearce AL#1088
REAL ESTATE AUCTION<br>
6278 Hwy 39, Chelsea, Alabama<br>
December 15, 2010<br>
Terms & Conditions<br>
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<br>
These announcements supersede any prior oral or printed statements and will be attached to and become a part of the contract.<br>
<br>
The property will be sold by legal description and transferred by statutory warranty deed. <br>
<br>
The property offered consist of residential property including a brick house located at 6278 Hwy 39, Chelsea, Shelby County, Alabama.<br>
<br>
A 10% buyers premium will be added to the winning bid to determine the final sales price. <br>
<br>
The terms are 10% down payment sale day with the balance due on or before February 15 , 2011. <br>
<br>
Purchaser to receive possession of the property upon delivery of deed at closing. <br>
<br>
Purchaser to pay closing cost and title insurance. Seller guarantees title to be free and clear. <br>
<br>
Ad Valorem taxes will be prorated at closing.<br>
<br>
PROPERTY SOLD SUBJECT TO THE FOLLOWING: All outstanding easements of any kind on said property, including but not limited to, roads, right of ways, utilities, water lines, and the like; any mineral, oil and past conveyances, leases or reservations; to any cemeteries that might exist on the property, outstanding leases recorded or unrecorded; zoning ordinances affecting the property; restrictions of record; wet lands; all rules and regulations of any appropriated authority having jurisdiction over the property, and any recorded encroachments of record.<br>
<br>
BUYERS NOTE: Prior to the auction all prospective purchases should examine the property and all surrounding documents carefully as each bidder is responsible for evaluating the property and shall not rely on the sellers nor the auctioneers. Sellers and Auctioneers are assuming that the bidders have inspected the property and are satisfied and accept it “As Is” without warranties expressed or implied. Personal on-site inspection of the property is recommended. Failure of any bidder to inspect or to be fully informed as to the condition of all or any portion of the property offered, will not constitute any grounds for any claim or demand for adjustment or withdrawal of a bid, offer or earnest money after its opening or tender.<br>
<br>
All information was obtained from sources deemed reliable. Although every precaution has been taken to insure accuracy, the sellers and all of their agents will not be responsible for any errors or omissions herein.<br>
<br>
Default by the Seller: If the Sellers are unable to make conveyance and to give title as herein agreed, the earnest money shall be refunded to the buyer and all obligations of either party shall wholly cease.<br>
<br>
Default by the Buyer: Should the Buyer default in the performance of his/her contract in the time and the manner specified, then the earnest money shall be retained as partial liquidated damages and the seller may sue for specific performance.<br>
<br>
AGENCY DISCLOSURE: Larry “Chip” Pearce Jr. has not been an agent for the Buyer in this transaction. Larry “Chip” Pearce Jr. has been an agent for the Seller in this transaction and is to be paid a commission by the Seller.<br>
<br>
The Auctioneer reserves the right to reject bids from anyone who does not comply with the terms and conditions of this auction
6278 Hwy 39, Chelsea, Alabama<br>
December 15, 2010<br>
Terms & Conditions<br>
<br>
<br>
These announcements supersede any prior oral or printed statements and will be attached to and become a part of the contract.<br>
<br>
The property will be sold by legal description and transferred by statutory warranty deed. <br>
<br>
The property offered consist of residential property including a brick house located at 6278 Hwy 39, Chelsea, Shelby County, Alabama.<br>
<br>
A 10% buyers premium will be added to the winning bid to determine the final sales price. <br>
<br>
The terms are 10% down payment sale day with the balance due on or before February 15 , 2011. <br>
<br>
Purchaser to receive possession of the property upon delivery of deed at closing. <br>
<br>
Purchaser to pay closing cost and title insurance. Seller guarantees title to be free and clear. <br>
<br>
Ad Valorem taxes will be prorated at closing.<br>
<br>
PROPERTY SOLD SUBJECT TO THE FOLLOWING: All outstanding easements of any kind on said property, including but not limited to, roads, right of ways, utilities, water lines, and the like; any mineral, oil and past conveyances, leases or reservations; to any cemeteries that might exist on the property, outstanding leases recorded or unrecorded; zoning ordinances affecting the property; restrictions of record; wet lands; all rules and regulations of any appropriated authority having jurisdiction over the property, and any recorded encroachments of record.<br>
<br>
BUYERS NOTE: Prior to the auction all prospective purchases should examine the property and all surrounding documents carefully as each bidder is responsible for evaluating the property and shall not rely on the sellers nor the auctioneers. Sellers and Auctioneers are assuming that the bidders have inspected the property and are satisfied and accept it “As Is” without warranties expressed or implied. Personal on-site inspection of the property is recommended. Failure of any bidder to inspect or to be fully informed as to the condition of all or any portion of the property offered, will not constitute any grounds for any claim or demand for adjustment or withdrawal of a bid, offer or earnest money after its opening or tender.<br>
<br>
All information was obtained from sources deemed reliable. Although every precaution has been taken to insure accuracy, the sellers and all of their agents will not be responsible for any errors or omissions herein.<br>
<br>
Default by the Seller: If the Sellers are unable to make conveyance and to give title as herein agreed, the earnest money shall be refunded to the buyer and all obligations of either party shall wholly cease.<br>
<br>
Default by the Buyer: Should the Buyer default in the performance of his/her contract in the time and the manner specified, then the earnest money shall be retained as partial liquidated damages and the seller may sue for specific performance.<br>
<br>
AGENCY DISCLOSURE: Larry “Chip” Pearce Jr. has not been an agent for the Buyer in this transaction. Larry “Chip” Pearce Jr. has been an agent for the Seller in this transaction and is to be paid a commission by the Seller.<br>
<br>
The Auctioneer reserves the right to reject bids from anyone who does not comply with the terms and conditions of this auction