LOUDON COUNTY SURPLUS REAL ESTATE - 16 PROPERTIES

Powell Auction & Realty, LLC

 

Date(s) 7/8/2021 - 7/29/2021

Thursday July 29th @ 12:00 Noon

Past Auction
Online-Only Auction
Shipping Not Available
Bidding Notice:

IT IS RECOMMENDED THAT YOU PUT IN YOUR MAXIMUM BID AND LET THE COMPUTER BID FOR YOU. THAT WAY, YOU SHOULD NOT HAVE ANY ISSUES WITH SLOWED INTERNET CONNECTION OR POWER FAILURE ISSUES.

Auction Information
Name LOUDON COUNTY SURPLUS REAL ESTATE - 16 PROPERTIES
Auctioneer
Type Online-Only Auction
Date(s) 7/8/2021 - 7/29/2021
Auction Date/Time Info
Thursday July 29th @ 12:00 Noon
Preview Date/Time Call Kenny @ the Office
Checkout Date/Time If you are the winning bidder you will receive a contract and further instructions.
Location
Buyer Premium FEE BUYERS PAY ON TOP OF BID PRICE
Description
Loudon County Surplus Real Estate Auction ONLINE BIDDING ONLY BIDDING STARTS ENDING: Thursday, July 29th at 12:00PM (Noon) 16 Properties to be Sold Item 1: Collins Street Parcel/Tax ID: 033P B 014.00 Item 2: 311 Poplar Street Parcel/Tax ID: 020M C 020.00 Item 3: Fourth Avenue Parcel/Tax ID: 020o I 017.01 Item 4: Second Avenue Parcel/Tax IDs: 020N I 007.00 and 020N I 008.00 Item 5: W Broadway Avenue Parcel/Tax IDs: 020N K 002.00 and 020N K 003.00 Item 6: W Broadway Avenue Parcel/Tax IDs: 020N K 011.00, 020N K 012.00 and 020N K 013.00 Item 7: W Broadway Avenue Parcel/Tax IDs: 026B E 030.00, 026B E 031.00, 026B E 032.00, 026B E 033.00, 026B E 034.00, and 026B E 035.00
TERMS: The successful high bidder on this property will be required to sign the Real Estate Purchase Agreement immediately upon conclusion of the bidding and will make an earnest money deposit of 10% of the bid or $1,000.00, whichever is greater. A 10% buyer’s premium will be added to the high bid to establish the total sales contract price. The balance is to be paid in full at closing. The contract will not be contingent upon financing. If property is residential and applicable, the Buyer will sign a Lead-Based Paint Inspection Waiver as part of the sales contract and the sale will be exempt from the Tennessee Residential Property Disclosure. SALE IS SUBJECT TO APPROVAL BY Loudon County Surplus Property Authority. In no event shall the Loudon County Tn or Powell Auction & Realty, LLC be liable for any indirect, incidental, consequential, special or exemplary damages or lost profits, even if the County of Loudon has been advised of the possibility of such damages. REAL ESTATE TAXES START AT CLOSING FOR BUYER. Quit Claim Deed closing will take place within 30-60 days from the County approval. Buyer will be advised as to the day and location of closing. Loudon County Procurement Department will be conducting the closings. Seller to furnish a QUIT CLAIM DEED only. Buyer is responsible for the cost of recording the deed. BUYER UNDERSTANDS AND ACKNOWLEDGES THAT THE PROPERTIES WERE ACQUIRED BY THE COUNTY OF LOUDON FROM A TAX SALE AND TITLE INSURANCE WILL NOT BE AVAILABLE. ONLINE AUCTION TERMS: Thank you for participating in this Powell Auction & Realty LLC Online Auction. It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid snipping. Powell Auction & Realty LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed, after the auction has ended. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 100.00 USD
Currency USD
Buyer Premium FEE BUYERS PAY ON TOP OF BID PRICE
Payment Terms
After the Auction you will receive an email from Tina with the contract and details and more information.
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Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.