Court-Authorized Chapter 13 Bankruptcy Auction: 15 Properties in Kern County, CA
15 Property Portfolio located in Inyokern area of Ridgecrest, CA.
ONLINE AUCTION DATE: May 15th at 9:00 am PST
Online Bidding Only – Online Bidding Link
DESCRIPTION
This 15 property portfolio will be offered in a court authorized chapter 13 bankruptcy auction. Bidding for this portfolio starts on Thursday, May 17, 2018 at 9:00 am PDT. Bidding will be online only at SVNauctions.com. The 15 properties first be auctioned individually starting on Tuesday, May 15th. After the bidding has ended on all individual properties, the 15 properties will be auctioned on a combined basis for one bid with the starting bid set at the combined high bid amount plus $10,000 and will be open for 3 business hours following the close of the auction for the individual properties. If the combined bid exceeds the individual bids, the high bidder on the combined basis will be considered the high bidder. Otherwise, the individual bidders will be considered the high bidders. Please visit: https://svnacceleratedsales.com/upcoming-accelerated-sales/?propertyId=315745-sale for more details.
PROPERTY HIGHLIGHTS
- Court-Authorized Chapter 13 Auction
- 15 Property Portfolio
- $6,850/month +/- rental income
- Terms: month to month
- 15 rental units
- 9,773 +/- sf total
- 24 +/- acres total
- Inspections must be completed prior to bidding
- Inspections: Bob Smith 760-677-5885
- Online bidding only starting May 15th for individual properties
- Online bidding only starting May 17th for combined property portfolio
PHOTOS
AUCTION DOCUMENTS
All property disclosure documents may not be available at this time. Be sure to check back as auction documentation is added frequently.
DUE DILLIGENCE / DISCLOSURE
All property disclosure documents may not be available at this time. Be sure to check back as auction documentation is added frequently.
PROPERTY INSPECTION
Inspection Dates: All inspections must be done prior to bidding. Contact Bob Smith 760-677-5885 sierrafencemgr@gmail.com
TERMS OVERVIEW
- 10% down, close 30 days after court approval.
- Property will be sold “As Is” with marketable title. Subject to court approval.
- All high bid offers will be open for 30 days following the auction for court approval.
- No inspection period or inspection contingency. All inspections must be done prior to bidding.
- A 10% buyer’s premium will be added to the high bid to determine the purchase price. A 2 % commission based on the high bid is available for registered buyer’s agents.
- Please visit the auction website for additional terms and conditions: https://svnacceleratedsales.com/upcoming-accelerated-sales/?propertyId=315745-sale
Please see additional Terms & Conditions, Auction Purchase & Sale Contract and Addendum documents.
DIRECTIONS
15 Property Portfolio located in Inyokern area of Ridgecrest, CA.
15 Property Portfolio located in Inyokern area of Ridgecrest, CA
15 Property Portfolio located in Inyokern area of Ridgecrest, CA