Green Lake Frontage Real Estate Auction

Auction Photos:

TERMS & CONDITIONS

Open House Times:

• Saturday, March 23: 1-2:30pm
• Saturday, April 6: 1-2:30pm
• Tuesday, April 9: 6-7pm

Registration:

• Begins at 5pm at the Leighton Township Hall: 4451 12th St., Moline, MI

Deposit for Real Estate:

• A deposit of $25,000 in a cashier’s check made payable to yourself, is required at the auction. This deposit is NOT refundable if the buyer does not carry through with the purchase. Your bidding is not conditional upon financing, so be sure you have arranged financing if needed and are capable of paying cash at the closing.

Conditions:

• The terms and conditions of this auction will be governed by the contract for the sale of Real Estate (herein called the buy/ sell). The following terms are a summary provided for the convenience of the bidder. The buy/sell is available in the bidder’s packet and should be reviewed prior to the auction. All properties sell “AS IS WHERE IS” with no warranties of any type expressed or implied as to the merchantability, usability, fitness for a particular purpose, or any matter whatsoever type or nature. Any improvements which must be made, are the responsibility of the purchaser. All information advertised or stated was derived from sources believed correct but is not guaranteed. All property dimensions are only approximations. Buyers shall rely entirely on their own information, judgment and inspection of the property and records. The real estate will be sold free and clear of all liens. The property will however by sold subject to any easements and building and use restrictions of record. The auction company reserves the right to bid to protect the owner’s investment. Any announcements made at the auction site take precedence over printed material. Real estate sells subject to estate’s acceptance or rejection of high bid.

Closing Terms:

• Balance of purchase price is due at closing within 45 days. The seller will pay taxes and assessments due on or before the auction. Seller shall provide owners title insurance policy in the amount of the purchase price. Closings will be held at a local title company. Closing fees of $450 will be divided evenly between the buyer and the seller

Buyer’s Note:

• If you are the successful bidder, you must go to the closing table to sign all the purchase agreements immediately following the conclusion of the auction. At that time your check will be endorsed as a nonrefundable deposit on the property. The auction will be conducted at the sole discretion of the auctioneer and any bids may be recognized at their discretion.

New Data:

• New data, corrections, or changes could be made after the printing of this brochure. Please arrive prior to the start of the auction to inspect and consider any new information and changes.

All written material is subject to change. Announcements made day of sale take precedence over printed material.