Bankruptcy Land Rocky Top Tennessee

Date: 06/18/2021

Time: 12 noon

Location: Online Bidding Only

Office: Knoxville

Agent: Kenny Phillips #2385

Bankruptcy Land Auction 

CASE NO: 3:19-bk-30306-SHB

 Online Only Bidding

Bidding Starts closing June 18th 12 Noon

875 Briceville Hwy

Rocky Top Tennessee 37769

Parcel If 029CB027.00

Land size .89

BANKRUPTCY REAL ESTATE TERMS: The successful high bidder on this property will be required to sign the Real Estate Purchase Agreement immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the total sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price.
The balance is to be paid in full at deed closing within 30  days, unless otherwise specified. No Extensions.
Buyer is to obtain his/her own financing. The contract will not be contingent upon financing, inspections or any other contingencies.
Property to be transferred with a deed. Seller will provide  deed ONLY. Buyer is responsible for ALL CLOSING COST, title opinion, title insurance & recording fees. Buyer is responsible for ALL current & delinquent property taxes, fees & any penalties. Buyer is responsible for ALL HOA fees, transfer fees, membership fees, if applicable
Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s).
 M & M Title Company Clinton Tennessee 865-457-5675 to conduct Closing. 
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 Hours 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.
Soft Closing : The Auctioneer’s online auctions are designed to mimic traditional “live” auction. For this reason, The Soft close will allow extended bidding until no bids are placed for one minute. 10% Buyers Premium is added to all bids to establish total purchase price. If a bid is placed within last minute additional minutes will be added to ensure everyone gets time to place their bid.                                                                                                                     
   New Bidders, please Pre-Register, we will have to approve you to Bid!