ONLINE AUCTION – BANK OWNED PROPERTY
This home sells subject to the credit unions confirmation.
Auction Ends: Friday, November 20, 2:15pm
This home is one of 11 homes being offered by Pearce & Associates
For the lender.
Address: 7200 3rd Ave South, A&B
Birmingham, Alabama 35206
Tenant Occupied! Possibly 2 paying tenants. $400 per month total.
2008 Tax Assessment - $53,700
Sells As Is
Click on Files to view and print detailed Terms and Conditions
To place your bid, click on “bid online”
You will be directed to register.
Having trouble registering or bidding? Call 205-664-4300 or 205-296-8256
Each of the 11 homes ending times will be staggered 15 minutes apart.
There is an automatic bidding extension period of 10 minutes. If a bid is placed during the last 10 minutes of the auctions end, the auction time is automatically extended 10 minutes.
These announcements supersede any prior oral or printed statements and will be attached to and become a part of the contract.<br>
<br>
The properties will be sold by legal description and transferred by statutory warranty deed.<br>
Property may be subject to a one year right of redemption. <br>
<br>
A 15% buyers premium will be added to the winning bid to determine the final sales price. <br>
<br>
The terms are 15% down payment sale day with the balance due on or before December 20, 2009. <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. Pearce & Associates and/or the seller will schedule closing with the sellers attorney. <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.<br>
<br>
This home was constructed prior to 1976 and may contain lead based paint.
<br>
The properties will be sold by legal description and transferred by statutory warranty deed.<br>
Property may be subject to a one year right of redemption. <br>
<br>
A 15% buyers premium will be added to the winning bid to determine the final sales price. <br>
<br>
The terms are 15% down payment sale day with the balance due on or before December 20, 2009. <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. Pearce & Associates and/or the seller will schedule closing with the sellers attorney. <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.<br>
<br>
This home was constructed prior to 1976 and may contain lead based paint.