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Bid: |
$168,575 | |
Number of Bids: |
117 Bid History | |
High Bidder: |
GOINS REALTY |
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Time Remaining | |
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Started: |
Aug 26, 2008 11:15 AM |
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Ends: |
Sep 16, 2008 5:37 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 |
This is a Pre-Foreclosure Sale... You must act now to get this Special once in a lifetime Deal!
Awesome Views! This wonderful 1728 sq.ft. Condo is clean and well kept, it has 2 bedrooms and 2 baths. Tile and Granite Kitchen ... Great Elk Grove location. SAVE BIG $$$ because of the Foreclosure. Someone will get a great deal. This is a nice large condo ready to move into.
(Because this home is in Foreclosure the sale is subject to lender confirmation.)
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 lender for final approval.
This is an Amazing opportunity; act now before it’s gone forever!
Open House / Preview Dates:
Saturday, Sept: 6th 10:37 to 12:37pm
Tuesday, Sept: 9th 5:37 to 7:37pm
Sunday, Sept: 14th 1:07 to 3:07pm
Bidding Ends Tuesday Sept 16th 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 lender 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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| GOINS REALTY | $168,575 |
Tue - Sep 16, 2008 05:33:35 PM
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| | dturner | $167,575 |
Tue - Sep 16, 2008 05:33:35 PM
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Auto-Bid
| | dturner | $167,550 |
Tue - Sep 16, 2008 05:33:15 PM
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Auto-Bid
| | GOINS REALTY | $166,550 |
Tue - Sep 16, 2008 05:33:15 PM
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| | dturner | $165,550 |
Tue - Sep 16, 2008 05:31:16 PM
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| | GOINS REALTY | $164,550 |
Tue - Sep 16, 2008 05:30:54 PM
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Auto-Bid
| | dturner | $164,550 |
Tue - Sep 16, 2008 05:30:54 PM
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| | GOINS REALTY | $163,550 |
Tue - Sep 16, 2008 05:05:50 PM
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| | dturner | $162,550 |
Tue - Sep 16, 2008 05:05:05 PM
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Auto-Bid
| | GOINS REALTY | $162,000 |
Tue - Sep 16, 2008 05:05:05 PM
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| | dturner | $161,000 |
Tue - Sep 16, 2008 05:02:39 PM
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Auto-Bid
| | GOINS REALTY | $160,000 |
Tue - Sep 16, 2008 05:02:39 PM
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| | dturner | $159,000 |
Tue - Sep 16, 2008 05:01:48 PM
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Auto-Bid
| | GOINS REALTY | $158,000 |
Tue - Sep 16, 2008 05:01:48 PM
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| | dturner | $157,000 |
Tue - Sep 16, 2008 12:38:23 PM
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| | Hondaman | $156,000 |
Tue - Sep 16, 2008 04:35:55 AM
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| | fkash | $155,000 |
Tue - Sep 16, 2008 04:35:35 AM
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Auto-Bid
| | Hondaman | $154,000 |
Tue - Sep 16, 2008 04:35:35 AM
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| | fkash | $153,000 |
Tue - Sep 16, 2008 04:35:21 AM
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Auto-Bid
| | Hondaman | $152,000 |
Tue - Sep 16, 2008 04:35:21 AM
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Questions to Seller |
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Question: What are the monthly home owner dues?
Answer: $206.25 Monthly
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Question: Is the swimming pool green?
Answer: The complex has a beautiful pool and is immaculately maintained.
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Question: i was wondering if you win do you get the house and is that the finall price? also is there financing on all actions?
Answer: If you win, your bid must still be approved by the lender, this is a foreclosure and the homeowner does not have the final say.Most auctions have financing available, you must still get approved but unless the terms are are call you can get financing.Read the terms and conditions carefully, these questions and more are specifically addressed in the terms and conditions.
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Question: Stephen -- This is a condo unit? What is the annual taxes on the condo, and the monthly HOA charges? Thanks. Joel Turtel
Answer: Taxes are based on purchase price, check with the county to see exactly what the rate is usually around 1-1.5% annually. HOA is 206.25
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Question: Is the property lein free
Answer: Yes
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Question: I tried to visit the complex earlier today and I was turned away.... it was very well guarded. Can I have an inspector come to the property?
Answer: That's a challenge with this property. You get great security, yet it takes some effort to penetrate the perimeter.Just take a few moments to make an appointment and ew will make sure you can view the property.
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Question: Stephen -- The listing says this is a pre-foreclosure sale, and the high bid is subject to lender approval. Some questions:
1 -- Title will be free and clear of the lender's existing 1st mortgage on the condo, and all other liens, encumbrances, etc?
2 -- Do you know if the condo's Association has any rules or regulations against renting out the condo on a yearly lease to a tenant? Thanks. Joel Turtel
Answer: #1 Yes Free and Clear, #2 Seller says no rules against renting. If you are the high bidder you will have a chance to review documents during inspection time frame.
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Question: how much is the insurance approximately?
Answer: There is no homeowners insurance, that is paid for by the Association. You can get renters insurance if you like.
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Question: Is this property owner occupied only by HOA rules, or can it be rented out?
Answer: seller says rentals OK.
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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 in Foreclosure and the sale is subject to lender 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, 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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