Celebration, FL, United States
DoneSun, Apr 23, 2006 2:00 PM UTC
GIGANTIC LAND AUCTION APRIL 23, 2006
GIGANTIC LAND AUCTION APRIL 23, 2006 11:00 EST, ORLANDO, FLORIDA - LIVE AUCTION LOCATED AT THE ORLANDO WORLD CENTER MARRIOTT, 8701 WORLD CENTER DRIVE, ORLANDO, FL 32821.
Auction & Auctioneer Information
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Terms & Conditions
All successful bidders will be required to sign purchase paperwork and pay for the balance of your down payment immediately following their winning bid, (we will send you an invoice after you are the winning bidder with payment options). $500 will be charged immediately after the auction on each property you are the successful bidder. Once your downpayment is received, we will mail the contract along with all final paperwork, if paid in full, within 30 days of the auction. ALL MAJOR CARD CARDS ARE ACCEPTED. The buyer shall be required to pay a non-refundable documentation fee of $595, for each property purchased, to cover the costs of document preparation, deed recording, and mailing. All bids are subject to a 10% Buyers Premium. The Buyers Premium is added to the winning bid and is payable as part of the purchase price. Unless paid in full after the auction, all parcels are sold on a Real Estate Purchase Contract. Parcels purchased with financing shall make use of a Promissory Note. Buyers my NOT assign contracts to third parties. Title to each property will be conveyed to buyer only after the entire loan balance has been paid in full. FINANCING TERMS: Winning Bid: $1-$9,999 No financing available. Must be paid within closing period. $10,000-19,999 May be financed up to 2 year/ 24 months $20,000-29,999 May be financed up to 3 years/ 36 months $30,000-$49,999 May be financed up to 4 years/ 48 months $50,000 + May be financed up to 5 years/ 60 months The above financing is based on a 15 year amortizations with a balloon at the end of each term WARRANTIES & DISCLAIMERS • All sales are considered sold, final and binding • Any property which sells for $10,000 or less it must be paid with in the closing period usually 30 days. • If financing a parcel, the minimum monthly payment shall be $100. When a monthly payment is paid, it will first be credited to interest then due, then toward principal. THERE IS NO PREPAYMENT PENANLTY FOR PAYING THE LOAN OFF EARLY. A late fee of $50 shall be charged if any payment is more than ten days delinquent. A returned check fee of $30 shall be charged for any check which is returned unpaid. SELLER DOES WARRANT THAT: (A) Title to each parcel is marketable title. (B) No monetary liens on property other than recurring assessments or bonds (C) Real property taxes which are due and payable prior to the auction day shall be paid by seller. If the property is purchased with financing, then the property taxes and homeowner's association fees (if any) will be added to and included with the monthly payment. If the property is not being financed, the purchaser shall be responsible for property taxes which become due after the auction date. AS SELLER, WE DO NOT WARRANT, AND WE ASSUME NO LIABILITY FOR ANY OF THE FOLLOWING: (A) Encumbrances which are identifiable via a physical inspection of the property. (B) Utilities or lack thereof. Contact the City or County Building department for information on utilities. (C) Mineral rights or lack thereof. (D) Location and size of the property. Sizes advertised are approximate. (E) Assessments and/or bonds for utilities or homeowner's association due/fees. (F) Zoning or building codes. Contact the City or County building department. (G) Access. Seller makes no representation on guarantee regarding physical and/or legal access. All properties are being sold in "as is" condition. The winning bid is a final, binding agreement to purchase. All properties are offered subject to Seller's acceptance of the winning bid. The sale of these properties is subject to all existing exploration rights, easements, rights of way, assessments, zoning, land use restrictions, covenants, conditions and restrictions. If buyer discovers a violation of the above guarantees, and seller is unable to remedy such violation within a reasonable period of time, then buyer's sole remedy shall be limited to cancellation of the sale, and a refund of all refundable monies paid by buyer to sell. These warranties extend only to the purchaser, and do not extend to third parties. If buyer wishes to purchase title insurance it will be at buyer's expense. TITLE BY DEED Deeds conveying title from Seller to Buyer shall be recorded in accordance with the contract terms. The Seller warrants that title to each parcel is, on the date of sale, free of all recorded monetary liens unless disclosed. Some properties being offered may have been previously acquired by tax deed and some title insurance companies will not insure tax deeded properties, so Buyers of tax deeded properties will be required to sign an acknowledgement form. The Seller has attempted to provide accurate information on all documents. In the event that a typographical error exists in the legal description, Assessor's Parcel Number, or parcel size, the Seller may correct the error and proceed with the recording or re-recording. BIDDERS MUST PERSONALLY INSPECT AND INVESTIGATE EVERY PARCEL ON WHICH THEY BID Look before you buy! Failure to do so will not be grounds for a cancellation or adjustment of sale. Buyers must rely on their own interpretation of property value, and not rely on any statements made by seller, broker and/or auctioneer. Inspect the property, investigate the property and its approved uses. Be an informed buyer! Some parcels were purchased by seller sight-unseen. Buyer will be required to acknowledge that they have personally inspected and investigated each property they purchase. THE SELLER HAS MADE EVERY EFFORT TO VERIFY THE ACCURANCY OF INFORMATION CONTAINED HEREIN. HOWEVER, ERRORS DO OCCUR. ALL INFORMATION CONTAINED HEREIN WAS OBTAINED FROM COUNTY MAPS OR OTHER SOURCES DEEMED RELIABLE, BUT IS NOT GUARANTEED AND MAY BE IN ERROR. SELLER DOES NOT WARRANT THE ACCURANCY THEREOF. Remember, each parcel of real estate is unique. The properties we sell may be dry or wet, flat or slopped, rocky or sandy, with or without roads, with or without legal access, with or without utilities, etc. Seller, Auctioneer and/or Broker assume no responsibility for the providing or absence of any information whatsoever, or for the accuracy thereof. Usalandsale reserves the right to deny any person access to the auction site for interference, solicitation, canvassing, nuisance or any other reason. Announcements made at the auction take precedence over any printed material, or misprints. PROPERTIES 1-100 ARE A STRAIGHT AUCTION. Most of the properties being offered at the auction are for sale with seller financing. You may pay cash, or you may finance it with us (over $10,000). We do not check credit, and you do not have to qualify for financing. EVERYONE QUALIFIES FOR FINANCING, REGARDLESS OF YOUR CREDIT. You are bidding on the full purchase price of these properties. PROPERTIES 101-150 ARE A BID AND ASSUME AUCTION. These are being sold with assuming a built-in loan amount, your high bid will be in added to the loan amount. In addition to your bid amount, you are assuming a loan on these properties. 10% Buyers Premium is based on the full purchase price. WHEN YOU ARE THE SUCCESSFUL BIDDER ON PROPERTIES 101-150, YOU HAVE TWO WAYS TO PAY: Remember your bidding on the right to assume the loan amount. The math works like this. 1. You may pay in full. For example, lets say you bid $1000 for property #101. Bid Amount $1,000 Built-in Loan Amount $5,000 Closing/Recording $ 595 10% Buyers Premium $ 600 Total to Pay at Auction $7,195 2. You may finance the property Bid Amount $1,000 Closing/ Recording Fee $ 595 10% Buyers Premium $ 600 Total to Pay at Auction $2,195 Finance the Built-in Loan (see terms) The balance of the purchase price would be financed. Terms are specified
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