• In order to be eligible to bid, bidders must show a $2,000 cashier’s check payable to the purchaser, cash, or approved check for each property they intend to purchase.
• A 10% buyer’s premium will be added to the high bid to determine the purchase price. Immediately following the auction, the high bidder will sign the Auction Purchase and Sale Agreement provided on the auction website completed with the high bid, buyer’s premium, purchase price and down payment, and with no changes made by the purchaser.
• The high bidder will make a 10% down payment based on the purchase price, and close in 30 days.
• The down payment will consist of a $2,000 cashier’s check, cash, or approved check with a personal or business check for the balance of the down payment.
• Taxes, rents, utilities and other expenses will be prorated at closing.
• All properties will be sold subject to any leases in effect and tenants at will.
• All properties will be sold AS IS, WHERE IS, WITH ALL FAULTS, AND WITHOUT WARRANTY.
• Properties will be sold with title as shown in the provided Title Commitment Letter.
• All inspections including lead based paint and environmental inspections must be done prior to bidding.
• The Auction Purchase and Sale Agreement will not be subject to an inspection or diligence period.
• See the Terms and Conditions Bidder’s Affidavit for complete terms and conditions.

Please see additional Terms & Conditions, Auction Purchase & Sale Contract and Addendum documents.