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Mclemore Auction Company, LLC is pleased to offer this excellent building lot in Bullhead City, AZ at absolute auction to settle the estate of Olice W. Davis. In cooperation with United Country Real Estate - Arizona Property and Auction John L. Payne, Designated Broker Br.
Inspection Please feel free to inspect the property at your convenience.
Property Address 2718 Avenue Colibri, Bullhead City, AZ 86442
Please make sure you have read the terms of this auction before bidding.
Bidding Starts Tuesday, July 2, 2019 at 04 00 00 pm Ct
Bidding Ends Thursday, August 1, 2019 at 01 00 00 pm Ct
Extended Bidding If a bid is placed in the last 5 minute s the auction will automatically extend for an additional 5 minute s Location 2718 Avenue Colibri, Bullhead City, AZ 86442
Please feel free to inspect the property at your convenience.
Buyer's Premium There is a 10 Buyer's Premium in effect for this auction.
Agreement of Purchase and Sale
Immediately following the close of the bidding, the high bidder will be required to enter into a Purchase and Sale Agreement.
A 10 buyer's premium will be added to the high bid price to determine the total contract sales price for the Property.
The Property will sell to the highest bidder without reserve or minimum bid at absolute auction. The Owner is contractually prohibited from bidding on the Property.
Bid Deposit / Authorization
A credit card authorization will be processed when submitting your first bid at this auction. This authorization is not actually charged to your card. If you are the winning bidder any payment you make for your purchases will be a completely separate transaction. If you are not the high bidder, there will be no charges against your account.
Debit Card Warning
We require bidders to secure their accounts with a credit or debit card. Some of our auctions further require a deposit. If you use a credit card to secure your account, the auction deposit will take the form of a credit card authorization and will count against your credit limit for the duration of the authorization up to 10 business days. If you use a debit card to secure your account, the auction deposit will take the form of a hold on funds in your bank account for the duration of the authorization. McLemore Auction Company, LLC highly recommends you secure your account with a credit card and is not responsible for any issues arising from the use of a debit card to secure your bidding account. Add a debit card at your own risk.
Beginning at the stated closing time, the auction software will conclude bidding for 5 lots each minute in catalog order with the following exception if a bid is placed in the last 5 minutes remaining for that auction lot, bidding for that lot will remain open for an additional 5 minutes.
Payment and Closing
The Purchaser shall pay an amount equal to 15 of the total contract sales price to the Escrow Agent / Closing Attorney by 4 00 PM CT on the first business day following the conclusion of the auction. The Escrow Agent / Closing Attorney will only accept payment by wire transfer or cashier's check. The Purchaser shall pay the remainder of the total contract sales price at the real estate closing. Closing shall take place within 30 days of the conclusion of the auction or within 15 days of the presentation of the applicable closing documents to the Purchaser, whichever is later.
Escrow Agent / Closing Attorney
The purchase monies in respect of the property shall be paid to and deposited with Driggs Title Agency, 2680 S. Val Vista Drive Building 10 - Suite 152 Gilbert, AZ 85295, 85295 Gilbert, Arizona, United States, ,, Carol Paolo, Contact. The Escrow Agent / Closing Attorney will schedule and conduct the real estate closing.
No New Survey
The Property shall be conveyed to the Purchaser according to the existing legal description. Neither the Auctioneer nor the Owner has ordered a survey of the Property. Neither the Auctioneer nor the Owner shall be obligated to order a survey of the Property. null
Easements, Tract Access and Maintenance
Owner shall provide a special warranty deed.
Evidence of Title
Auctioneer shall post a preliminary title commitment on its website before the conclusion of the auction. Owner agrees to provide merchantable title to the Property subject to matters of record, general conditions of title and similar or related matters identified in the preliminary title commitment.
The Purchaser may obtain an owner's title insurance policy in the amount of the purchase price from the Escrow Agent / Closing Attorney at the Purchaser's sole cost and expense and subject to Owner and Purchaser complying with all requirements of the title company. Alternatively, the Purchaser may procure title insurance from a title insurance company of its choice, at its sole cost and expense. Auctioneer makes no representation or warranty that Owner will cooperate or furnish any information or documentation that may be required to induce any title insurance company to issue a policy of title insurance.
Real Estate Taxes and Assessments
Real estate taxes and assessments shall be pro-rated to the date of Closing.
The Owner shall pay the following closing costs Costs to search the title and prepare the title commitment
Costs to prepare the deed 50 of the closing agent's cost to close the sale and
Any legal counsel retained by Owner in connection with the conveyance of the Property.
The Purchaser shall pay the following costs The cost of the standard owner's Alta title policy, if Purchaser chooses to have a title policy issued
Any special endorsements to the title policy
Any costs associated with title insurance issued in favor of Purchaser's lenders, if any
All costs arising from or relating to any loan sought by Purchaser to finance the conveyance
All recording costs, transfer taxes and mortgage taxes arising from the deed, deed of trust and any other financing documents required by Purchaser's lenders, if any 50 of the closing agent's cost to close the sale and
Any legal counsel retained by Purchaser in connection with the conveyance of the Property.
This is a cash sale and is not contingent on Purchaser's ability to obtain financing.
The Purchaser will receive possession at closing, subject to the rights of parties in possession and existing leases, if any. null
As-Is, Where-Is Sale
The Purchaser shall accept the property in an as-is, where-is condition with all faults as of the closing date and the Purchaser shall specifically agree that the Owner has not and does not make any representations or warranties of any kind whatsoever, expressed or implied, to the purchaser regarding the property or any improvements thereon. The property is selling subject to anything an accurate survey or personal inspection of the property may reveal, including any existing rights-of-way, easements or claims to easements, encroachments, rights or claims of parties in possession, restrictive covenants and easements, flood zones, zoning or subdivision regulations, building codes, governmental agencies regulations, environmental conditions, lead-based paint, asbestos, radon gas, hazardous materials, any mineral rights, water rights, riparian or littoral rights, and reservations or conveyances, if any. The purchaser shall have satisfied himself as to the location and condition of the property, and all descriptions thereof, before bidding. All information contained in the brochure and all promotional materials, including, but not limited to, square footages, acreage, dimensions, maps, taxes, etc., was provided by the Owner and is believed to be correct however, neither the Owner nor the Auctioneer makes any guarantee or warranty as to the accuracy or completeness of such information.
All due diligence is the bidder's responsibility. By placing any bid in this auction, you represent that you have conducted all due diligence you believe to be necessary or appropriate to enable you to make an informed decision about whether to bid on the Property.
No Personal Property
No personal property shall be conveyed to the Purchaser at Closing.
McLemore Auction Company, LLC and its representatives are exclusive agents of the Owner and are agents of no other party to this transaction.
All decisions of the Auctioneer are final as to the methods of bidding, disputes among bidders, increments of bidding and any other matters that may arise before, during, or after the auction. Auctioneer reserves the right to deny any person the right to participate in the auction or to ban anyone from the auction who attempts to disrupt it.
Equal Opportunity Clause
All bidding is open to the public. The Property is available to qualified purchasers without regard to a prospective Purchaser's race, color, religion, sex, familial status, national origin, or physical handicap.
Debt Collection and Interest Charge
The bidder agrees to pay all reasonable attorney fees and other costs incurred by McLemore Auction Company, LLC in its efforts to collect unpaid funds from the bidder. The bidder agrees that a fee of 2 of the outstanding balance per month be added to any unpaid balance due McLemore Auction Company, Llc. Any debt collection or dispute proceedings will be heard in the federal and state courts located in Davidson County, Tennessee.
By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment of any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorney's fee.
All bidders must be 18 years of age or older.
Bidder Information and Security
All registration information the bidder provides to McLemore Auction Company, LLC shall be current, complete, and accurate. All bidders are responsible for any bids placed under their bidding numbers and passwords. Bidders must notify McLemore Auction Company, LLC if they believe that their bidder number and password have been compromised.
Estate of Olice W. Davis
Questions Contact the Auction Manager