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Global Auction Group Realty |
76 Old Rd, Livingston NJ 07039
Real Estate Auction
1:00 AM Friday October 3, 2008 in
Mountain Lakes NJ, USA 07046  Google Maps |
| Weather for 'Mountain Lakes' New Jersey |
| Directions: |
Directions: http://www.zerisinnchrisandis.com/directions.htm |
| SALE BILL |
76 Old Road Livingston, New Jersey 07039 5 Bedroom home in desireable area. Very decieving from the outside, this house has so much to offer. New roof, hot water heater and siding. Park like property. New front door, freshly painted, hardwood floors throughout under carpet. You must see this home! VIEW OUR GALLERY :http://globalauctiongrouprealty.postlets.com/
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| AUCTIONEER'S NOTES |
PREVIEW DATES: 9/7/08 FROM 12-2PM 9/14/08 FROM 12-2PM 9/21/08 FROM 12-2PM 9/28/08 FROM 12-2PM |
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| DISCLAIMER |
General Terms and ConditionsTHESE ARE GENERAL TERMS OF SALE ONLY, to get specific info for each property:Visit the specific property then click on the registration form for each specific property for detailed information about those properties.
1. ELIGIBILITY OF BIDDERSThe Bidder warrants that he/she is not:(a) Under 18 years of age; (b) An employee of the listing agent; (c) An agent or immediate member of the household of the listing agent in (b), above; (d) The contractor, subcontractor or vendor, or their agent who has access to information concerning the property to be sold at auctions that is not generally available to the public;(e) The party, or agent of the party(s), from whom the property was offered for sale. 2. REGISTRATION OF BIDDERSIn order to bid at the auction you must register. To do this, you will be required to show evidence of a cashier’s check, certified check or money order for the required amount, as well as a form of personal identification. However, you hold on to your check until your bid has been accepted (please make all checks payable to yourself).
Registration By fax or at open houses.
If you are planning to bid in the name of a corporation, business, or LLC, you must have the appropriate official documentation to show proof of eligibility to bid on behalf of that corporation, business, or LLC. An individual's signature on the bidder registration form is an acknowledgment of his/her full and complete understanding of all terms and conditions and his/her agreement to be bound thereby.
Therefore, bidders are cautioned to carefully read all applicable terms and conditions contained in this document and the sales flyer before signing the bidder registration form. 3. INSPECTION OF PROPERTYThe bidder is invited, urged, and cautioned to inspect the property prior to submitting a bid.
Property will be available for inspection/open house at the times specified.
At their own expense, potential bidders may have property inspectors examine the property during regularly scheduled inspection/open houses.4. ORAL STATEMENTS AND MODIFICATIONSChanges may be made on the day of the sale, to the property status or descriptions in the sale flyer.
These changes take precedence over previous sales flyer information pertinent to that property.Further, no interpretation of any provision of the sale contract, including applicable performance requirements, shall be binding on the seller unless furnished to and agreed upon, in writing, by the seller or his/her designated representative.5. WITHDRAWAL/ADDITION OF PROPERTYThe Seller reserves the right to withdraw from sale any of the property listed in the sales flyer, on this website 6. REAL PROPERTY DESCRIPTIONSThe bidder understands and agrees that the property is offered, purchased and accepted by the buyer "AS IS" and "WITH ALL FAULTS". The Seller and its agent make no warranties or guarantees whatsoever whether written, oral, or implied as to quality, condition or habitability.All information contained in the sale flyer was derived from sources believed to be correct, but there is no guarantee.
Buyer acknowledges that he/she relied entirely on his/her own information, judgment, and inspection of the property.7 CONTRACTThe successful high bidder will be required to sign a contract of sale immediately upon conclusion of the auction with the $10,000 monies acting as the initial down payment (earnest money).
The 10% deposit is due within 10 days after the auction date. NO exceptions please. This is an auction sale and is not subject to an attorney review period. Contract of sale was prepared by Seller’s Counsel and should be reviews prior to the auction. Purchase Contract will be prepared to include the individual information of the high bidder along with the accepted bid amount.
A contract will also be conditionally established with the recognized back-up bidder for execution if the high bidder defaults for any reason. 8. ELECTRONIC receipt of notificationCertain real properties may be offered for auction on the Internet.
Persons wishing to participate in electronic bidding are required to register online at the designated website.
In completing the registration process, the bidder agrees to comply with all electronic deposit requirements and acknowledges full and complete understanding of all Terms and Conditions.Each time a bid is placed, the bidder will be prompted to certify that they have read and agree to comply with the Terms and Conditions. Bids will not be accepted without this certification.At the conclusion of bidding, an e-mail will be sent to the successful bidder confirming the bid amount.
The successful bidder must acknowledge receipt of the notice and supply the information requested to validate the bid acceptance.
This acknowledgement confirms the price offered by the bidder and is subject to acceptance by the Government. Upon the Government's acceptance of a bid, a contract document will be initiated and signed by all parties. Final payment and closing will be in accordance with the Terms and Conditions of Sale as set forth herein and in the announcement on the internet.9. CONSIDERATION OF BIDSThe Seller reserves the right to reject any or all bids, and to waive any technical defects in bids. Property is sold with a minimum reserve price unless the property is, in explicit terms, offered without a minimum reserve price.
The minimum reserve price is not released to the public.
If the minimum reserve price is not achieved, the Seller may withdraw the property at any time before the sales contract is executed.10. FINANCINGThis is a cash sale. Purchase is not contingent on purchaser financing. The buyer is responsible for obtaining his or her own financing arrangements as required.
The Seller does not provide financing for the purchase of any property offered under these terms and conditions. Bidders are strongly recommended to investigate and secure financing arrangements, prior to making an offer.In addition you must be ready to close within 30 days of the auction unless otherwise noted.
11. CLOSINGClosing will be held within 30 calendar days of the date the auction.
Closing may be held sooner with mutual agreement in writing of Buyer and Seller.
Only the Seller may, at its discretion, exceed closing beyond 30 calendar days.
Closing costs including, without limitation, transfer taxes, documentary stamps, recording fees, paid by the Buyer or Seller in accordance with the customs of the county in which the property is located.
In the event Buyer desires title insurance, it will be at the Buyer's expense.In addition to the forms of payment listed in paragraph 13 above, bank wires can be used for final payments.
All final payments must be made by the date specified in the purchase contract or the bidder can be placed in default of the contract. 12. APPLICABLE TAXESBuyer is responsible for the payment of any and all applicable taxes imposed by any state, county, or political subdivision as specified in the flyer.13. TITLEAll properties sold will be guaranteed to be free and clear of liens by the Title Insurance Policy. Unpaid taxes and other proatable items will be prorated to the time of closing. 14. DEFAULTSFailure to make required deposit or final payments and/or comply with the time frames specified in the purchase contract shall be deemed default of the high bidder and may result in cancellation of the contract and forfeiture of any rights, title, and interest the Buyer may have acquired.
In that case, title of the property will remain with the seller or lender and will result in the forfeiture of the deposit.
If the default occurs because of failure to make the deposit required, the buyer shall be liable to the Seller for liquidated damages in the amount of that deposit. 15. Brokers Participation: If you plan on using a Broker, they must register with Global within 72 Hours of the Auction Date on our Broker Registration form NO EXCEPTIONS16. A 10% Buyers premiumWill be added to the final bid and be included in the total contract price. Auctioneer reserves right to deny admittance to any person. Auctioneer may alter terms of sale through announcement on Auction Day |
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