ONLINE w/ BID CENTER
April 23rd at 8am - April 30th at 12pm

BID CENTER LOCATION
Cole Auditorium
Richmond Community College
Hamlet, NC
Bid center will open at 11am.


PROPERTY ADDRESS
Richmond County, NC

INSPECTIONS
At Buyer's leisure and liability or by appointment.

PROJECT MANAGER
Marc Baysek 
910.206.1881



PROPERTY DESCRIPTION


 

auction lot  parcel id address (Rockingham) +/- acres Subdivison
4 746208890967 153 MILL RD 0.73 gis lots 3-6 block A Leak Reality
         
auction lot  parcel id address (Hamlet) +/- acres  
5 % of 749113131034 10 N Bridges St   This auction lot requires a survey. The surveyor will be chosen by the auctioneer and the survey will be the expense of the buyer. The quote for this survey is $1,200.00.
         
auction lot  parcel id address (Hamlet) +/- acres  
6 830900390529 Eddies Lane 0.55  
7 830900390721 Eddies Lane 0.56  
         
         
auction lot  parcel id address (Hamlet) +/- acres  
8 738900853457 Pinebark Drive 0.565  
147 738900858919 Oakleaf Drive 0.565  
         
         
auction lot  parcel id address (Hamlet) +/- acres  
9 749000241845 Hodges Drive 2  
         
         
auction lot  parcel id address (Hamlet) +/- acres Subdivison
10 749104747662 FIFTH ST EXT-HAMLET 0.344352617 Crosswind Sub - lot 5
11 749104749731 180 FIFTH ST EXT-HAMLET 0.344421488 Crosswind Sub - lot 7
12 749104840734 184 FIFTH ST EXT-HAMLET 0.408654729 Crosswind Sub - lot 8
         
auction lot  parcel id address (Hamlet) +/- acres  
14 749114229586 Third Street 0.256gis  
15 749114320699 Third Street 0.248gis  
         
auction lot  parcel id address (Hamlet) +/- acres Subdivison
16 749102568609 Manhattan St. 0.344gis Lakeside Park- Blk O- lots 1-4
16 749102568767 Clark Street 0.344gis Lakeside Park- Blk O- lots 1-4
         
         
auction lot  parcel id address (Dobbins Height) +/- acres  
17 749203320981 Leroy David Ln. 0.242gis  
18 749203335170 Horseshoe Dr. 0.828gis  
         
auction lot  parcel id address (Dobbins Height) +/- acres Subdivison
19 749218315984 Horseshoe Dr. 0.471gis Douglas Park- lot 15 and % of lot 16
         
auction lot  parcel id address (Dobbins Height) +/- acres  
20 749218311017 Earle Franklin Dr 0.451gis  
         
auction lot  parcel id address (Dobbins Height) +/- acres Subdivison
21 749217202248 Channie McManus Dr. 0.17gis lot 12 Warren Heights Addition
22 749218206119 Earle Franklin Dr. 0.19gis  
         
auction lot  parcel id address (Dobbins Height) +/- acres  
23 749105290504 Channie McManus Dr. 0.213gis  
24 749105290446 B.F. Diggs 0.384gis  
         
auction lot  parcel id address (Dobbins Height) +/- acres Subdivison
25 749105281101 Robert Broady 0.165  Longwood Park Addition - lots 50,51
26 749105274727 North NC HWY 177 0.384gis % of Longwood Park Addition - lots 41,42
         
auction lot  parcel id address (Hamlet) +/- acres  
27 749109079417 Monroe Ave 0.176gis  
28 749109079077 501 SEABOARD ST 0.132gis  
         
auction lot  parcel id address (Hamlet) +/- acres  
29 749109174139 Seaboard St 0.026gis  
         
auction lot  parcel id address (Hamlet) +/- acres  
30 749109165551 Pine Street 0.165gis  
31 749109164440 off West Ave 0.133gis  
         
auction lot  parcel id address (Hamlet) +/- acres  
32 748108979750 William St. (unopen) 0.315gis  
33 749105070843 William St. (unopen) 0.122gis  
         
         
auction lot  parcel id address (Hamlet) +/- acres  
34 749109063219 Spring Street 0.175gis  
         
auction lot  parcel id address (Hamlet) +/- acres  
35 749109152791 West Avenue 0.226gis  
36 749109158547 High Street 0.268gis  
145 749109156510 West Avenue 0.291gis  
         
auction lot  parcel id address (Hamlet) +/- acres  
37 749109058289 212 High Street 0.165gis  
38 749109058281 223/225 Spring Street 0.298gis  
39 749113140813 Wilmington Street 0.114gis  
         
auction lot  parcel id address (Hamlet) +/- acres  
40 749113147603 320 RALEIGH ST 0.239gis  
         
auction lot  parcel id address (Hamlet) +/- acres  
41 749113139393 Spring St./Hamlet St. 0.317gis  
         
auction lot  parcel id address (Hamlet) +/- acres  
42 749117118311 Hendersonville Street 0.159gis  
         
         
auction lot  parcel id address (Hamlet) +/- acres  
43 749117101167 Hendersonville Street 0.087gis  
43 749117101132 Hendersonville Street 0.349gis  
44 749117100075 Hendersonville Street 0.264gis  
44 749117100002 Hendersonville Street 0.177gis  
         
auction lot  parcel id address (Hamlet) +/- acres  
45 749001088536 Willow Lane 0.579gis  
         
auction lot  parcel id address (Hamlet) +/- acres  
46 748002991951 Ellen Drive 0.351gis  
         
auction lot  parcel id address (Hamlet) +/- acres  
47 748116834708 321 McDonald Av. 0.168gis  
         
auction lot  parcel id address (Hamlet) +/- acres  
48 747002985467 WHIPPOOR WHEEL LN 0.798gis  
         
auction lot  parcel id address (Hamlet) +/- acres  
49 748107571886 Highland Av. 0.010gis  
         
auction lot  parcel id address (Rockingham) +/- acres  
50 746000659649 off Ellerbe Grove Ch. Rd 7.05  
         
auction lot  parcel id address (Rockingham) +/- acres  
51 746000292652 Hamer Mill Rd 0.459136823  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
52 747101487602 Lake View Trail 0.459gis Trailwood Section 11 Lot - 6
53 747101487753 Lake View Trail 0.402gis Trailwood Section 11 Lot - 5
54 747101486933 Lake View Trail 0.402gis Trailwood Section 11 Lot - 2
         
auction lot  parcel id address (Rockingham) +/- acres  
55 747218429166 310 Lake View Trail 0.451  
55 747218428261 Lake View Trail 0.465  
         
         
auction lot  parcel id address (Rockingham) +/- acres  
56 747204630431 123 N BEAUNIT AVE 0.32  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
57 747214437383 110 MARTIN ST 0.315gis Beaunit Mills Village lot 71
58 747214437136 111 MARTIN ST 0.384gis Beaunit Mills Village lot 72
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
59 747214445684 99 AIRLINE ST 0.287 Beaunit Mills Village lot 99
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
60 747210255281 23 FIRST ST SAFIE 0.178gis East Rockingham Homes Map#6 - Lot 235
61 747210256382 RAILROAD ST 0.178gis East Rockingham Homes Map#6 - Lot 242
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
62 747214247517 1 SECOND ST SAFIE 0.185gis East Rockingham Homes Map#5 - Lot 183
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
63 747213240326 146 SAFIE FIFTH ST 0.09 portion East Rockingham Homes Map#3 - Lot 87
         
auction lot  parcel id address (Rockingham) +/- acres  
64   Hannah Pickett Ave    
         
         
         
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
66 747213040427 142 ROHANEN AVE 0.175gis Rohanen Heights plat#2 Sec D Lot 13
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
67 746212950787 109 ENTWISTLE 3RD ST 0.31gis Ruth White lot 2
68 746212950206 314 AIRPORT RD 0.774gis Annie Cox lots 6-8
69 746212954017 333 AIRPORT RD 0.378gis Rohanen Heights plat#2 Sec b Lots 2-3
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
70 746208972786 161 SOUTH ST 0.298gis H.C. Watsons lot 90 and % of 92
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
71 746212974050 111 NINTH AVE 0.233gis  Aleo Village No.1 - lot 41
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
72 746208887976 108 CHURCH ST 0.233gis Hannah Pickett Worsted Mill, lot 28
73 746208992166 111 PARK ST 0.233gis Hannah Pickett Worsted Mill, lot 75
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
74 746204815662 CRESTWAY DR 0.291  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
75 746204600794 RATCLIFF RD 0.215gis Ashley Heights - Block B- lot20,21,%19
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
76 746102696899 Ingram Street 0.215gis Ashley Heights - Block B- lot20,21,%19
         
auction lot  parcel id address (Rockingham) +/- acres  
77 746102696899 off Mizpah 4.9  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
78 746102896307 Mizpah Rd 0.344352617 Cape Fear Development Block D lot 4
         
auction lot  parcel id address (Rockingham) +/- acres  
79 746102997797 Mizpah Rd 0.509gis  
80 746102999778 115 BROWN ST 0.420gis  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
         
         
auction lot  parcel id address (Rockingham) +/- acres  
82 746102674225  STOKES RD .112 gis  
         
auction lot  parcel id address (Rockingham) +/- acres  
83 745204936611 120 KEELER AVE 0.492  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
84 745201258111 107 THIRD ST 0.363 Burlinton Mills Sec 3 lot 221
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
85 744202986668 BUTLER CIR. 0.48 Westwood Sec 1 - lot 10
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
86 744202994471 BUTLER CIR. 0.901 Westwood Sec 2 - lots 4-5
87 745201093572 572 ZION CH RD 0.935  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
88 745302786259 CHEROKEE ST 0.172 Lincoln Heights - lot 25
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
89 745302872920 125 LINCOLN ST 0.343 Lincoln Heights - Block A  lots 11-12
90 745302882552 LINCOLN ST 0.344 Lincoln Heights - lots 80-81
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
91 745302889559 BIBLE WAY CH RD 0.255gis Lincoln Heights addition- Block C  lots 11-12
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
92 745304842102 GALESTOWN RD 0.228gis  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
93 746303335479 MIDWAY RD 0.182gis  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
94 746319626044 MIDWAY RD 0.923gis  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
95 746301384349 McNair Street 0.184  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
96 746311568194 SHORT ST 0.942 Pee Dee Mills - Lot 22
97 746311559593 11 SHORT ST .384gis Pee Dee Mills - Lot 13
98 746311651698 12 SHORT ST .291gis Pee Dee Mills - Lot 28
99 746311653794 515 N LEE ST .439gis Pee Dee Mills - Lot 28
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
100 746404706365 Salem Dr. 0.172 Hillcrest - Block E - lots 7,8
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
101 746308982689 122 ASLINGTON ST 0.953 Pee Dee Mills - Lot 182
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
102 746312866191 522 RANDOLPH ST 0.274  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
103 746312851337 218 ROBINSON ST 0.242 Everetts Heights - Block G - lot 7
104 746312852365 412 BICKETT ST 0.151  
105 746312853528 905 ROBINSON ST 0.171 Everetts Heights - Block h - lot 6
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
106 746316840289 GREEN ST 0.184  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
107 747309052511 410 STEELE ST 0.275gis  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
108 747313034389 127 SCALES ST 0.261gis  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
109 747313148169 off WASHINGTON ST 0.276gis  
110 747313137626 915,917,921 LEAK ST 0.158gis  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
111 747314237582 212 SKIPPER ST 0.234gis  
112 747314236900 CHURCH ST 0.046 E.B. Laurin Lot - 2
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
111 747314237582 212 SKIPPER ST 0.234gis  
112 747314236900 CHURCH ST 0.046 E.B. Laurin Lot - 2
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
113 747313027624 ROCKINGHAM RD 0.435  
114 747313029506 ROCKINGHAM RD 1.538gis  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
115 747317118571 ROCKINGHAM RD 0.726  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
116 748201364024 Pineleigh Ave 5.00 Beam-Spencer - tract #602
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
117 748201450078 135 DEVOS DR 0.46 Long Leaf Acres - sec 5- lot 503
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
118 747419510648 BEAVERBROOK RD 0.67 Hollybrook  sec 4 - lot 20
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
119 748301184714 HWY 1 NORTH 0.057 J. Bryant Little - lot 46
120 748301184785 PHILADELPHIA DR 0.285 J. Bryant Little - lot 41-45
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
121 % of 748301298147 PHILDELPHIA AVE 1.4  
121 % of 748301298147 PHILDELPHIA AVE 1.52  
         
auction lot  parcel id address (Rockingham) +/- acres  
123 748403411241 off hwy near Charann Ln 0.905gis  
124 748403412261 off hwy near Charann Ln 0.915gis  
         
auction lot  parcel id address (Rockingham) +/- acres  
125 748301373415 off ELLEN RD 0.113  
126 748301373493 off ELLEN RD 0.225  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
127 748304740237 JACKSON RD 3.874 Pernell Park Sec 2 - 206
128 748304742058 JACKSON RD 4.18 Pernell Park Sec 2 - 205
129 748302854100 PERNELL DR 0.963  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
130 840400814210 GRAY WOODS RD 1.51gis Cross Creek Estates - tract 2
         
auction lot  parcel id address (Hoffman) +/- acres Subdivison
131 843602897249 HART AVE 0.32gis  
         
auction lot  parcel id address (Hoffman) +/- acres  
132 844600090885 128 WALL AVE 0.503  
         
auction lot  parcel id address (Hoffman) +/- acres  
133 844700306237 Jason Ln 0.252  
         
auction lot  parcel id address (Jackson Springs) +/- acres  
134 842800189254 off DERBY RD 2.84  
         
auction lot  parcel id address (Ellerbe) +/- acres Subdivison
135 747817203799 Railroad Street 0.066 J.E. & J.D. Steele - lot 20
136 747817203573 Main St. / US HWY 220 0.149 J.E. & J.D. Steele - lot 16
         
auction lot  parcel id address (Ellerbe) +/- acres Subdivison
137 747701193028 Dunn St /2nd St 0.228 Plain View - Sec 3 -Lot 1
         
         
auction lot  parcel id address (Ellerbe) +/- acres Subdivison
138 747701090966 Robinson Av. 0.344 Plain View - sec 1 -Lot 8
139 746702999961 Robinson Av. 0.344 Plain View - sec 1 -Lot 9
140 746702999814 Robinson Av. 0.344 Plain View - sec 1 -Lot 10
141 747701090648 132 ROBINSON  0.344 Plain View - sec 1 -Lot 23
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
142 746502665138 SANDY RIDGE CHURCH RD 1.00  
         
auction lot  parcel id address (Rockingham) +/- acres Subdivison
143 747501051416 McInnis Drive 0.25  
         
auction lot  parcel id address (Rockingham) +/- acres  
144 746504920066 STELLYS TABERNACLE CH RD 0.73  
         
         
auction lot  parcel id address (Hamlet) +/- acres  
146 749113047270 Raleigh Street 0.027gis  
         
         
auction lot  parcel id address (Hamlet) +/- acres  
148 749104511493 1591 HWY 74 EAST 0.245gis  
149 749202562001 County Home Rd (Hamlet) 1.08gis  

Importance of Terms:

Please take the time to read the following set of terms and conditions for the online auction. When you register to bid, you will have to acknowledge that you have read these terms and conditions. If you intend to register, the following items will pertain to you.

 

Agency:

Iron Horse Auction Company, Inc. is acting as agent of the Seller and at no time acting on behalf of the Buyer.

 

Buyer's Premium:

There will be a Twelve Percent (12%) Buyer’s Premium added to the final bid price to determine the final contract purchase price. In order to verify that the credit card used for registration is valid, the bidding platform requires a $100.00 authorization hold be placed on credit cards in order to register to bid. This charge will be removed within a 24-hour time period after registration.

 

Auction Ending:

Online auctions are timed events and all bidding will begin to close at a specified time. Online auctions also have an auto-extend feature. Any bid placed in the final ten minutes of an auction, will automatically extend the auction ten minutes from the time the bid was placed. Example: If an auction is scheduled to close at 6:00 and receives a bid at 5:51, the close time will automatically extend to 6:01. The auto-extend feature will continue until there is a ten-minute period without a bid being placed on any item in the auction.

 

Time Reduction:

In the event that the auto-extend time needs to be decreased, Iron Horse Auction Company, Inc. may decrease the extended time amount at any time during the auction until the close of bidding. A Pop-Up Message in the Instant Message Center on the bidding page will notify Bidders prior to the time reduction unless the time is reduced at the sale at the auctioneers discretion.

 

Outbid / Back-In Notification:

During this auction process, there is a chance that you will be overbid by a combination bid of multiple lots. At that time, you will receive an outbid notification. If another Bidder breaks the combination by raising the bid on a lot other than the lot you were bidding on, you will automatically be placed back in the winning position for your lot. You will then receive a back-in notification. Until the auction begins to close, the bidding software will notify Bidders by email when they have been outbid. Bidders may also find out if they have been outbid by refreshing the individual lot information. Due to varying internet connections and speed, sometimes email notifications can be delayed. We are not responsible for failure of any part of the bidding process or internet bidding.

 

Property Information & Inspection:

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.

 

Server & Software Technical Issues:

In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Iron Horse Auction Company, Inc. and the Seller reserve the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Iron Horse Auction Company, Inc., or the Seller shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Iron Horse Auction Company, Inc. may send email notifications to registered Bidders with updated information as deemed necessary.

 

Payment Terms:

This is a CASH TRANSACTION and not subject to Buyer obtaining financing.  Twenty Percent (20%) of the final contract purchase price is required as non-refundable earnest money in the form of a certified check, cash or wire transfer. The earnest money deposit is due within 48-hours of the close of auction, with the balance of the contract purchase price due at closing, which shall be in thirty-days or upon delivery of the deed, whichever is sooner. In the event the Seller cannot produce a deed with insurable title, the earnest money deposit will be refunded. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Auction Purchase Contract. This online only auction is a cash transaction not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by the Bidders and/or Buyers at registration and specified in the Auction Purchase Contact on the event page of each specific auction.

 

Auction Purchase Contract:

The contract is required to be fully and correctly executed, without any modifications and properly signed within 48-hours of the close of the auction unless the bidder is at the bid center where the contract will be signed by the purchaser immediately and the deposit will be collected at the same time.

 

Closing:

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

 

Closing Costs:

Buyer’s closing costs can include new boundary survey, title search fees, title insurance premiums, recording fee of documents, Buyer’s prorated items and any other fees required for closing. Seller’s closing costs are limited to their portion of the prorated tax, revenue stamps and the cost of deed preparation.

 

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 Richmond County, North Carolina as the sole and exclusive venue.

 

Auction Bidder and/or Buyer Default:

The successful Bidder and/or Buyer not executing and returning the contract with the earnest money deposit within 48 hours of the conclusion of the auction will be considered in default and will be black-flagged in our database as a Non-Paying Bidder and will no longer be allowed to participate in our auctions. Iron Horse Auction Company, Inc. reserves the right to sell to the next highest qualified Bidder in the event the successful high Bidder does not comply with the terms of the sale. By bidding on the property, the Buyer agrees to all terms and conditions set forth. The contract is required to be fully and correctly completed, without any modifications and properly signed. A contract that is incomplete, incorrect, or modified in any respect, is considered to be in default. By registering and placing a bid, you agree that if you happen to become a Default Bidder or Non-Paying Bidder, Iron Horse Auction Company, Inc. has the right to charge your credit card for the amount equal to the Twenty Percent (20%) earnest money deposit, which shall be non-refundable.

 

Auction Administrative Fee

In the event a winning Bidder fails to submit the properly signed "Contract For Sale of Real Property" and earnest money deposit as provided in the pre-stipulated Auction Terms & Conditions, the winning Bidder will be charged an administrative fee of $2,500.00 on the credit card provided at auction registration. Additional default remedies are reserved by Iron Horse Auction Company and the Seller as provided in the Auction Terms & Conditions and "Contract for Sale of Real Property". All administrative fees are non-refundable.

 

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.

 

Acceptance of Bid Prices:

All bids are subject to Seller confirmation unless the auction is advertised Without Reserve. The successful Bidder and/or Buyer will be required to enter into a Purchase Agreement immediately following the close of the auction. Iron Horse Auction Company, Inc. will email documents to be executed and they need to be faxed or emailed back to Iron Horse Auction Company, Inc. within 48 hours of the end of the auction. Successful Bidders and/or Buyers not executing and returning contracts with earnest money deposit within 48 hours, will be considered in default. Any and all inspections that a Buyer may want must be completed at the Buyer’s expense prior to the end of the auction. Iron Horse Auction Company, Inc. reserves the right to sell to the next highest qualified Bidder if the winning Bidder is in default of these terms. Winning Bidder and/or Buyer must execute the contract with no changes, modification, additions or deletion. In the event that you find yourself as a Bidder in default, you will be black-flagged as a NON-PAYING BIDDER and will not be allowed to participate in any further Iron Horse Auction Company, Inc. auctions.

 

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.

 

Bidder Verification:

The identity of all Bidders will be verified. Bidding rights are provisional, and if complete verification is not possible, Iron Horse Auction Company, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Iron Horse Auction Company, Inc. reserve the right to refuse service to any person who they feel to be fraudulent.

 

Bidder Responsibilities:

Bidder responsibilities include, but are not limited to the following: Bidders agree to keep their username and password confidential, as they are responsible for ANY and ALL activity involving their account. When using the website, you must obey any and all local, state, and federal laws. Violations will result in termination of website use privileges. We gather aggregate information from the website, which may include but is not limited to, the number of page visitors, most visited pages, and any and all correspondence.

 

Guaranty Agreement:

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 earnest money payment to Iron Horse Auction Company, Inc.

 

Age Requirement:

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


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