ABSOLUTE ONLINE AUCTION
Bank Owned Residential Property
1401 16th Street
Birmingham, Alabama 35211
1401 16th Street
Birmingham, Alabama 35211
Auction Ends Friday, October 9, 1:00pm
Selling to the highest bidder by order of the Lender.
Sells As IS without warranty or guarantee. Seller does guarantee clear title. Ownership transfered by statutory warranty deed.
Property may be subject to 1 year right of redemption.
Property may be subject to 1 year right of redemption.
15% online Buyers Premium. Check complete terms and conditions.
20% down payment due sale day with balance due within 30 days.
Purchaser pays all closing cost and title insurance.
Pearce & Associates and/or lender will schedule closing attorney.
Seller guarantees title to be free and clear.
Online Bidding: Click on bid online. You will be able to register and participate in this auction. This home is a part of a 5 property package that is being sold by the lender. By registering here, you can bid on any of the 5 homes. All are in the Birmingham Area.
You must have a valid credit card to register, however, succesful bidder must pay earnest money by check or cash.
If you are having difficulty registering or bidding, please call us at 205-664-4300 or 205-296-8256 for assistance.
If someone places a bid during the last 10 minutes of the auctions ends, the auction is automatically extended another 10 minutes
NOTE: Property may or may not be occupied.
15% Online Buyers Premium. A 15% buyers premium is added to the highest bid to determine the final sales price.
Example: $20,000 bid plus 15% ($3,000) equals a total purchase price of $23,000.
Property Sells Absolute to the highest bidder without reserve.
Property Sells As Is without warranty or guarantee.
The successful bidder must sign a non contingent auction contract within 24 hours of the auctions end and pay a down payment equal to 20% of the gross sales price.
Closing must take place within 30 days of the auctions end.
Purchaser will pay closing cost and title insurance.
Seller guarantees free and clear title.
Pearce & Associates and/or the lender will schedule all closings with our attorney.
Pearce & Associates and the owner encourage all bidders to inspect the property and all surrounding documents prior to bidding.
Pearce & Associates is acting as an agent for the seller in this transaction and is to receive a commission from the seller. Pearce & Associates does not represent a purchaser in this transaction.
This home was built prior to 1976 and may contain Lead Based Paint.
Example: $20,000 bid plus 15% ($3,000) equals a total purchase price of $23,000.
Property Sells Absolute to the highest bidder without reserve.
Property Sells As Is without warranty or guarantee.
The successful bidder must sign a non contingent auction contract within 24 hours of the auctions end and pay a down payment equal to 20% of the gross sales price.
Closing must take place within 30 days of the auctions end.
Purchaser will pay closing cost and title insurance.
Seller guarantees free and clear title.
Pearce & Associates and/or the lender will schedule all closings with our attorney.
Pearce & Associates and the owner encourage all bidders to inspect the property and all surrounding documents prior to bidding.
Pearce & Associates is acting as an agent for the seller in this transaction and is to receive a commission from the seller. Pearce & Associates does not represent a purchaser in this transaction.
This home was built prior to 1976 and may contain Lead Based Paint.