Bankruptcy Real Estate Auction – 89,000 SF Building in Bristol, VA

Date: 12/21/2017

Time: 12:00PM

Location: 300 Piedmont Avenue - Bristol, VA 24201

Office: Knoxville

Agent: Kenny Phillips or Phillip Hopper

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ATTENTION REAL ESTATE AGENTS:
BROKER PARTICIPATION OFFERED – PLEASE CALL THE OFFICE AT 865-938-3403 FOR MORE INFORMATION


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. Bankruptcy Sale is Subject to Court Approval. The balance is to be paid in full at deed closing within 20 (TWENTY) days, after Court Approval. Closing to be conducted by Evergreen Title in Bristol, TN. Property to be transferred with a Trustees Deed ONLY. Seller will provide Trustees Deed ONLY. Title Opinion, Title Insurance, Document Recording & ALL CLOSING COST will be the Responsibility of the Buyer. Buyer is Responsible for ALL Property Taxes Current, Delinquent, fees & any penalties. No Extensions. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS” with no financing, inspection or other contingencies to sale. Auctioneer represents the seller only and does not inspect properties on Bidder’s behalf. All Measurements are from tax records and are approximate and not guaranteed. Buyer to verify ALL information to their satisfaction prior to bidding. Neither the Auctioneer or Bankruptcy Court have conducted any structural or environmental inspections. It is the Buyer’s responsibility to conduct any property inspections prior to auction date.