Bankruptcy Real Estate Auction – Johnson City, TN Home & 7 acres

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. Mountain States Title to conduct the closing. 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. Buyer is responsible for any and all liens.  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.