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Bid: |
$317,000 | |
Number of Bids: |
266 Bid History | |
High Bidder: |
nac223 |
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Started: |
Aug 25, 2008 5:54 PM |
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Ends: |
Sep 18, 2008 5:41 PM
(Central)
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Starting Bid: |
$1,000 |
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Seller: |
Stephen C. Ostrowski |
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--- PLACE YOUR MAXIMUM BID --- |
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Picture Gallery |
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Description |
REO / Bank Owned Foreclosure ... You must act now to get this Special once in a lifetime Deal!
Fantastic Area! This wonderful 1800 sq.ft. home is clean and well kept, it has 4 bedrooms and 3 baths and sits on a very nice sized lot (records say .63 acres yet it feels much larger than that.) Great Nevada City location. SAVE BIG $$$ because of the AS-IS Sale. Someone will get a great deal. This is a nice home with great potential.
All types of Financing are Accepted
This is not an all cash sale. There is no minimum to bid, the highest and best offer will be submitted to the bank for final approval.
This is an Amazing opportunity; act now before it’s gone forever!
Open House / Preview Dates:
Sunday, Sept: 7th 1:07 to 3:07pm
Saturday, Sept: 13th 10:37 to 12:37pm
Tuesday, Sept:16th 5:37 to 7:37pm
Bidding Ends Thursday Sept 18th at 3:37pm
A bidders package can be downloaded or picked up at the Auction Previews. Any and all inspection requests will be honored, just ask the auctioneer to set up a time for your inspector.
Auction Basics:
The winning bid will be submitted to the bank for final approval. Once then sale is approved, the buyer will have an additional 7 day contingency period to complete any additional inspections. The buyer will pay a 5% buyers premium to PAX Bidwell Properties Inc. as a closing cost through escrow.
Please read the complete terms and conditions of auction before placing any bids.
Contact:
Stephen C. Ostrowski
PAX - Bidwell Properties Inc.
1165 East Ave. Suite #200
Chico, CA 95926
530-230-4939
stephen@paxbid.com
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Bidding History |
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| nac223 | $317,000 |
Thu - Sep 18, 2008 05:38:29 PM
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| | LC | $316,000 |
Thu - Sep 18, 2008 05:36:43 PM
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| | nac223 | $315,000 |
Thu - Sep 18, 2008 05:36:23 PM
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Auto-Bid
| | LC | $314,000 |
Thu - Sep 18, 2008 05:36:23 PM
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| | nac223 | $313,000 |
Thu - Sep 18, 2008 05:28:32 PM
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| | LC | $312,000 |
Thu - Sep 18, 2008 05:22:05 PM
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Auto-Bid
| | tarainc | $312,000 |
Thu - Sep 18, 2008 05:22:05 PM
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| | LC | $311,000 |
Thu - Sep 18, 2008 05:19:51 PM
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| | molly1414 | $310,000 |
Thu - Sep 18, 2008 05:19:18 PM
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Auto-Bid
| | LC | $310,000 |
Thu - Sep 18, 2008 05:19:18 PM
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| | molly1414 | $309,000 |
Thu - Sep 18, 2008 05:14:31 PM
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Auto-Bid
| | tarainc | $308,000 |
Thu - Sep 18, 2008 05:14:31 PM
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| | molly1414 | $307,000 |
Thu - Sep 18, 2008 05:13:48 PM
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Auto-Bid
| | tarainc | $306,000 |
Thu - Sep 18, 2008 05:13:48 PM
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| | molly1414 | $305,000 |
Thu - Sep 18, 2008 05:11:32 PM
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Auto-Bid
| | tarainc | $304,000 |
Thu - Sep 18, 2008 05:11:32 PM
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| | molly1414 | $303,000 |
Thu - Sep 18, 2008 05:10:35 PM
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Auto-Bid
| | tarainc | $302,000 |
Thu - Sep 18, 2008 05:10:35 PM
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| | molly1414 | $301,000 |
Thu - Sep 18, 2008 05:09:49 PM
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| | nac223 | $300,000 |
Thu - Sep 18, 2008 05:09:21 PM
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Auto-Bid
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Questions to Seller |
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Question: clear title? not interested in the "auction" cash buyer here.
Answer: Yes the high bidder will get clear title.
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Question: Is there a reserve? what were 2007 taxes? thanks
Answer: Taxes are based on the sales price and are slightly different for each county I would recommend you check with a local title company to discover the annual tax percentage.As stated in the terms and conditions, because this home is now owned by the bank...the sale will require final approval from the bank.
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Question: What kind of repairs does this property need?
Answer: Not much at all, there's an open house this weekend, come see for yourself.
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Question: "There is no minimum to bid, the highest and best offer will be submitted to the bank for final approval."does this mean the bank can choose not to take the highest best bid??ThanksJeff
Answer: They reserve that right, but why would they want to keep the property? What if you didn't bid and found out the bank took less than you would have paid? This sale is just like any other, there will be an escrow, you get free and clear title, title insurance etc... the only difference is that you are bidding for price.
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Question: Would the bank carry the first? How much down? What interest rate?
Thank you.
Answer: If you have lending questions please call Valley Financial at 916-788-1088. If you are pre-approved already that's even better; think of this like any other sale except you are bidding for price.
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Question: Is this on a paved road? Does the house sit up on a hill? Is the driveway steep? What is the elevation of the property? How much are the property taxes? What size is the garage? How old is the roof?
thanks looking forward to hearing from you.
Answer: Yes it's paved, taxes are based on purchase price, check with the county. garages for for more than 3 cars, dunno about roof. You really need to inspect the property for yourself.
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Question: Could you tell me the elevation of the property.
Answer: It's about 2500-2600 depending on which website you believe.
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Terms |
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PACIFIC AUCTION EXCHANGE, In conjunction with WEST COAST REALTY GROUP will offer the property for auction on the EPAX Auctions LLC, internet website according to the following terms and conditions: This property is currently REO (Real Estate Owned) and the sale is subject to lender/bank approval. You must preview the property in order to bid. Once a sale is approved there will be a 7-day inspection contingency period. Announcements and information, provided on the EPAX website will take precedence over printed material. THE PROPERTY IS SOLD “AS IS,” AND ALL SALES ARE FINAL. The SUCCESSFUL BIDDER ACKNOWLEDGES THAT THE AUCTIONEER, THE SELLER AND WEST COAST REALTY GROUP HAVE MADE NO IMPLIED WARRANTY OR REPRESENTATION OF ANY TYPE AS TO THE PROPERTY CONDITION AND THAT THE PROPERTY IS SOLD WITHOUT ANY WARRANTIES WHATSOEVER, EXPRESSED OR IMPLIED AND SPECIFICALLY THERE IS NO WARRANTY OR MERCHANTABILITY AND NO WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE. Though all descriptions and information are believed to be correct, in no event shall auctioneer, listing broker or seller be held responsible for having made or implied any warranty of description, genuineness, condition etc. The property is open to thorough public inspection at the published property preview dates. The property will be made available to the buyer’s inspectors for 7 days following the sale approval. Auctioneer reserves the right to withdraw any item before or during the auction. Only registered bidders may bid on the property being sold, any exceptions to this requirement shall be within the sole discretion of PACIFIC AUCTION EXCHANGE BIDWELL PROPERTIES INC. Pacific Auction Exchange reserves the right to bid. No allowances, adjustments or rescission of sale will be allowed based upon failure of the property to correspond to a particular need. The registered bidder will be responsible for any purchase made with his or her unique EPAX identity and password. A BUYER’S PREMIUM OF FIVE PERCENT (5%) OF THE SUCCESSFUL BID WILL BE PAID THOUGH ESCROW AS A CLOSING COST FROM THE BUYER. Bidder acknowledges that a deposit of $2,500.00 is required within 48 hours upon being declared the winning bidder; this money will be returned immediately if the sale is not approved by the lender/bank, otherwise it will be deposited into escrow. RESPONSIBILITY OF BIDDER AND INDEMNIFICATION: Bidder agrees to assume the defense of and indemnify and hold harmless PACIFIC AUCTION EXCHANGE BIDWELL PROPETIES INC. for all claims, loss, damage, injury and liability of every kind, directly or indirectly caused by acts of bidder and/or it’s agents in connection with this auction or the use of the property by the successful bidder. If the foregoing conditions or any other applicable conditions are not complied with, in addition to other remedies available to PACIFIC AUCTION EXCHANGE BIDWELL PROPERTIES INC., West Coast Realty Group and the Seller by law, including, without limitation, the right to hold the successful bidder liable for the bid price. PACIFIC AUCTION EXCHANGE BIDWELL PROPERTIES INC., as its option may either (a) cancel the sale, retaining as liquidated damages all payments made by the successful bidder or (b) resell the property publicly or privately and in such event, the successful bidder shall be liable for payment of any deficiency plus all costs, including the holding costs of the property, the expense of both sales and PACIFIC AUCTION EXCHANGE BIDWELL PROPERTIES INC. COMMISSION (which is equal to the Buyer’s Premium) and incidental damages. In any action to enforce and/or recover damages pursuant to this document PACIFIC AUCTION EXCHANGE BIDWELL PROPERTIES INC. shall be entitled to recover its attorney fees, expenses and all cost of suit incurred in such action. BROKER PARTICIPATION INVITED: Subject to established PACIFIC AUCTION EXCHANGE, BIDWELL PROPERTIES INC. guidelines. All information in this brochure was derived from sources believed correct, but is not guaranteed. ALL PROPERTY MEASUREMENTS ARE APPROXIMATE. It is Buyer’s responsibility to verify all permits, property use and property specifications within the 7-day inspection period contingency. WEST COAST REALTY GROUP is agent of seller.
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