No prequalification is necessary to bid. All bidders are welcome! This is not a HUD auction, IRS auction, “repo” auction, or foreclosure auction. ( See “Terms of Sale” page for clarification of qualification rules.)
1. The bidding process will be conducted by Trustee’s agent.
2. Only buyers who have seen the home during the Open House can bid.
3. If you wish to be included in the bidding process, then provide the following before 4 pm on Sunday evening, Date: April 19th, 2009
4. The round-robin bidding will start at 8:00 pm on Sunday evening, Date: Sunday April 19th, 2009
5. All preliminary bids must be multiples of $500 and can be left at any time prior 4pm on Sunday evening.
6. No one can enter the bidding after 4pm on Sunday.
7. The bidding is open. We will tell anyone the status of the bids at any time.
8. Every bidder will have the opportunity to top the high bid until a highest bidder
is established.
9. When the round-robin bidding opens we will telephone the highest bidder first.
10. We’ll call the next highest bidder; and so on down the list until all bidders
have been called.
We will conduct several rounds in this manner until there is only one bidder left.
1. Each time you receive a call you have two options:
2. We will offer the home to the highest bidder at his or her highest bid price.
3. If the highest bidder does not purchase the home or meet the conditions of the terms of sale – the home will be offered to the next highest bidder at his or her final bid price.
4. The owners reserve the right to reject any and /or all bids without explanation.
5. Any bid submitted by a buyer does not commit you or the owners legally. It is only a bid, not a legally binding contract.
6. Real estate agent commissions will be paid by Buyer.
7. House will be sold “As-Is, Where-Is”.