Halls Bankruptcy Auction

Date: 11/01/2018

Time: 12:00 NOON

Location: Online Bidding Only

Office: Knoxville

Agent: Kenny Phillips

ONLINE ONLY AUCTION

2804 Rifle Range Dr Knoxville, TN 37938

Lot with 2 homes selling, to be confirmed by Bankruptcy Court.

Sold on behalf of the United States Bankruptcy Court Case No. 16-31404-SHB

Bidding Begins: Thursday, October 25th at 10:00 AM Bidding Ends: Thursday, November 1st at 12:00 Noon

Parcel/Tax ID: 048OB021

Lot Size: 146x300xIRR (42,560 sq ft)

Homes are in need of repair

Building #1: Single Family Home built in 1953, Approx. 864 sq ft

Building #2: Mobile Home built in 1997, Approx. 600 sq ft

(Trustee does not have deed to mobile home)

TERMS: The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. US currency cash or approved check. The balance is to be paid in full at the deed closing within 20 days after court approval. Maryville Title to conduct the closing. Buyer to pay  current or delinquent property taxes. Property to be transferred by trustee deed. Trustee does not have deed to mobile home. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Buyer pays all closing cost. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing, inspections or any other contingencies. Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s). All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All measurements, square footage & age are approximate and not guaranteed. Seller and or Agent makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. Tennessee Residential Property Exemption and Lead-Based Paint Disclosure Waiver will be a part of the sales contract.

ONLINE Auction Terms: Thank you for participating in this Powell Auction & Realty LLC Online Auction. It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid sniping. Powell Auction & Realty LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed, after the auction has ended. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed or implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding.