Auction Listing
BANKRUPTCY ONLINE ONLY AUCTION
Case No. 06-03003-8-JRL
10.3 +/- Acres
Tuesday, June 12, 2012 – 8 am
Through
Monday, June 18, 2012 – 2 pm
The property is free and clear of all liens for ad valorem taxes. Current year taxes will be prorated to the date of closing. Upon acceptance of the highest and last bid by the court or their designee the property will transfer with a Trustee’s Deed, which is insurable.
BIDDING CENTRAL
Hilton Charlotte University Place, 8629 JM Keynes Drive, Charlotte, NC 28262.
Room will be open for bidding on Monday, June 18th from 12:00 PM until the last bid is placed. Please join us here if you wish to bid in person, or want to follow the ending of the auction. There is a 10 minute extended bidding period which may be decreased at the discretion of the auctioneer.
PROPERTY DESCRIPTION
Parcel ID/09921126
Deed Book 3609, Page 157
Zoned I-1 - Industrial (light industrial)
ONLINE BIDDING INCREMENTS:
Range Minimum | Range Maximum | Increment |
$0.00 | $10.00 | $1.00 |
$11.00 | $50.00 | $5.00 |
$51.00 | $100.00 | $10.00 |
$101.00 | $500.00 | $25.00 |
$501.00 | $1,000.00 | $50.00 |
$1,001.00 | $5,000.00 | $100.00 |
$5,001.00 | $10,000.00 | $250.00 |
$10,001.00 | $20,000.00 | $500.00 |
$20,001.00 | $50,000.00 | $1,000.00 |
$50,001.00 | $100,000.00 | $2,000.00 |
$100,001.00 | $300,000.00 | $4,000.00 |
$300,001.00 | $600,000.00 | $6,000.00 |
$600,001.00 | $1,000,000.00 | $8,000.00 |
$1,000,001.00 | $9,999,999.00 | $10,000.00 |
INSPECTIONS
At Buyer’s Leisure
10 MINUTE EXTENDED BIDDING
This auction has a 10 minute extended bidding feature at the end of the auction. This means that if a bid is received on any parcel in the auction that bidding will be extended by 10 minutes for all parcels. The 10 minute time period may be decreased to 5 minutes, 3 minutes or 1 minute at the discretion of the auctioneer. All bidders will be notified by email if a change to the closing time has occurred. The end of the auction will occur when the auctioneer establishes that no other bidding activity is forth coming.
TERMS
Selling AS IS / WHERE IS. SUBJECT TO COURT APPROVAL. A credit card, Visa, MasterCard or Discover, is required to register & bid. A 20% deposit is due at the end of the auction by cashier’s check, company or personal check accompanied by a Bank Letter of Guarantee payment or bank wire which should be received no later than Tuesday, June 19, 2012 at 5 p.m. with the balance due within 30 days after the date of approval by the Trustee or the United States Bankruptcy Court, Eastern District of North Carolina, Wilmington Division. Conditions – All information contained herein is deemed to be from reliable sources. However, neither the Auctioneer nor the Seller guarantees this information to be correct. We reserve the right to add or delete. Please inspect the property and bid accordingly. The Auctioneer represents the Seller in this transaction. All announcements made at the auction shall take precedence over all other information.
Broker Participation Invited – Pre-Auction Offers Entertained
Iron Horse Auction Company, Inc.
PO Box 1267-Rockingham, NC 28380
800-997-2248 – NCAL 3936
www.ironhorseauction.com
Bankruptcy Online Only Auction : 10.3 +/- Acres
Jun 12, 2012
June 12th at 8am - June 18th at 2pm Eastern
BIDDER'S CENTRAL LOCATION
Hilton Charlotte University Place, 8629 JM Keynes Drive, Charlotte, NC 28262.
INSPECTIONS
At Buyer's Leisure
This Company's Auction Feed:
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Conducted By:
Iron Horse Auction Company
910-997-2248
www.ironhorseauction.com
www.ponzischemeauction.com
