ONLINE BANKRUPTCY LAND AUCTION
Selling by Order of the US Bankruptcy Court
Southern District of FL, West Palm Beach Division
Chapter 7 Case# 07-15492-BKC-PGH
6 Residential Mountain Lots
in Bear Ridge Subdivision
(In the Pisgah National Forest)
1 Residential Mountain Lot
in The Penland Reserve
Wednesday, August 3, 2011 – 8 a.m.
Wednesday, August 10, 2011 – 6 p.m.
Lot 1 - .78 +/- Acre
Plat Lot 68, Parcel/0854-01-18-0310
Lot 2 - 4.67 +/- Acres
Plat Lot 40, Parcel/0854-01-17-6786
Lot 3 – 3.8+/- Acres
Plat Lot 38, Parcel/0854-01-18-9163
Lot 4 – 1.01+/- Acres
Plat Lot 72, Parcel/0854-01-18-5875
Lot 5 - .97+/- Acre
Plat Lot 74, Parcel/0854-01-28-1836
Lot 6 - .78+/- Acre
Plat Lot 44, Parcel/0854-01-19-9786
Lot 7 - 1.00+/- Acre
The Penland Reserve Tract, Plat Lot 130, Parcel/0870-01-28-0690
The roads from the entrance of Penland Reserve to the Penland Reserve lot are not passable.
(This lot cannot be bid on until August 9, 2011 at 10:00 a.m.† All bids placed on this lot will not be acknowledged by the Auctioneer or Trustee until August 9, 2011 at 10:00 a.m.)
Bidding Central†Location: Mitchell County Chamber of Commerce, 11 Crystal Street, Spruce Pine, NC
Room will be open for bidding on Wednesday, August 10th from 5:00 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.
Inspections: Wednesday, August 10 from 1 p.m. - 5 p.m.
Terms: The trustee has the right to accept or deny the winning bids no later than August 11, 2011 at 5pm.† Selling AS/IS, WHERE/IS. A credit card, Visa, MasterCard or Discover, is required to register & bid.†A 20% deposit is due at the end of the auction by bank wire.†Balance is due at closing.†A 10% buyer’s premium will apply. 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.
Broker Participation Invited
Iron Horse Auction Company, Inc.
PO Box 1267-Rockingham, NC 28380
800-997-2248 – NCAL 3936
Covenants & Restrictions
Aerial Photo - Lot #7
Location Map - Lot #7
Lot # 7 - Plat Map
Auction Terms & Sample Contract
Pre Auction Offer Registration Form
Broker Participation Forms