10 DAY UPSET PERIOD IN EFFECT. Resale auction by order of the Superior Court Division before the Clerk of Superior Court of Randolph County, North Carolina, made by the Special Proceedings entitled In the Matter of Shirley D. Branson, Ward 2017-SP-399

10 DAY UPSET PERIOD IN EFFECT

UPSET BIDS CAN BE PLACED AT THE RANDOLPH COUNTY COURT HOUSE

 

AUCTION LOCATION AND PROPERTY ADDRESS
7517 Elbert Davis Road
Randolph County, NC



INSPECTIONS
December 12th from 10am - 2pm

Resale auctions selling by order of the Superior Court Division before the Clerk of Superior Court of Randolph County, North Carolina, made by the Special Proceedings entitled In the Matter of Shirley D. Branson, Ward 2017-SP-399


PROPERTY DESCRIPTION


Auction Lot 1
7.005+/- Acres w/ House Located at 7517 Elbert Davis Road in Randolph County, NC

Parcel 8604354323

Auction Lot 2
15.51+/- Acres on Elbert Davis Road in Randolph County, NC

Parcel 8604362095 and 8604357844

Auction Lot 3
18+/- Acres on Elbert Davis Road in Randolph County, NC

Parcel 8604258420

10 Day Upset Period In Effect After The Auction

Bids during the upset period can be made at the office of the Clerk of Suprior Court as perscribed by law.

An earnest money deposit equal to five (5%) of the bid or a minimum deposit of $750.00
.

10 Day Upset Period In Effect After The Auction

Bids during the upset period can be made at the office of the Clerk of Suprior Court as perscribed by law.

An earnest money deposit equal to five (5%) of the bid or a minimum deposit of $750.00 whicherver is greater.
 

Iron Horse Auction Company, Inc. is not responsible for any missing or incorrect listing information. Iron Horse Auction Company, Inc. has attempted to provide accurate descriptions; however, it is the Bidder's responsibility to conduct inspections to determine the condition and feasibility of the Bidder’s intended use. Descriptions that are provided by Iron Horse Auction Company, Inc. are provided in good faith and are matters of opinion. It is automatically acknowledged by registering that you have personally inspected the property, hired an agent to inspect the property, or waived your right to inspect the property. Placing a bid creates a contractual agreement to purchase the property at the high bid price plus a Buyer’s Premium and any additional fees included in closing the real property transaction.


Auctioneer's Discretion:

Iron Horse Auction Company, Inc. has full discretion to modify the date and time, order, and details of the auction for any reason or no reason at all, including but not limited to technical issues, emergencies, and the convenience of Iron Horse Auction Company, Inc. or the Seller.

 

 

Closing:

Property is to be closed within thirty-days after the auction or upon delivery of the deed, whichever is sooner.

 

 

Property Condition:

All property in this auction is selling “AS-IS, WHERE IS” with all faults, if any. Iron Horse Auction Company, Inc. makes no representations or warranties, expressed or implied, concerning the property. Descriptions of the property are believed to be correct, but are not guaranteed. It is the Buyer’s responsibility to conduct any inspection prior to the auction. All due diligence periods end the date the auction is schedule to end, and prior to the end of the auction. It is possible that the property being sold is subject to restrictive covenants and homeowner’s association rules, regulations and dues. Iron Horse Auction Company, Inc. has attempted to find or locate all information deemed material facts. Ultimately, it is the Buyer’s responsibility to inspect all aspects of the property before placing a bid. No sale shall be invalidated by the Buyer as a result of he/she not conducting their own inspection prior to placing a bid or doing due diligence. It is automatically acknowledged by placing a bid that you have personally inspected the property, hired an agent to inspect the property or waived your right to inspect the property.

 

Legal Interpretations:

The laws of the State of North Carolina shall interpret this document.

 

Disputes:

Any and all causes of action resulting from this auction shall be heard in the General Court of Justice of Moore County, North Carolina as the sole and exclusive venue.
 

Auction Cancellation – Bid Rejection:

Iron Horse Auction Company, Inc. reserves the right to reject any and all bids for any reason. Iron Horse Auction Company, Inc. reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding even if a bid has been placed, unless the auction is advertised Without Reserve.

 

Title:

As specified in the Auction Purchase Contract.

 

Deed:

As specified in the Auction Purchase Contract.

 

Possession:

Not given until closing and further specified in the Auction Purchase Contract.

 

Real Estate Taxes and Closing Cost:

Taxes will be prorated to the day of closing using the most current available year’s tax amount. HOA fees and condominium assessments, if any, will be prorated up to the date of closing. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees.

 

Easements:

Subject to any and all easements recorded or unrecorded.

 

Zoning:

This property is subject to all state and local zoning ordinances.

 

Acreage & Aerial Photos:

Parcel dimensions and acreages are based on legal descriptions. Aerial photos are for illustration purposes only and not surveyed boundary lines.

 

Age Requirement:

All Bidders must be eighteen (18) years of age or older.


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