KNOX COUNTY SURPLUS PROPERTY REBID AUCTION
Wednesday , April 25th at 10:00am
To be held at the office of Powell Auction & Realty, LLC
6729 Pleasant Ridge Road
Knoxville, TN 37921
Properties to be offered
#7 Ohio Ave 081IP003
#24 Beaumont Ave 094BK032
#29 2027 Jones Street 095PE014
#36 Lundy Road 125 209
Buyers to sign a Real Estate Sales Contract, Terms & Conditions and any other documents needed, immediately upon conclusion of the bidding and pay a Deposit of 10% or $1,000.00 whichever is greater, per Property. US currency Cash OR Approved Check. 5% buyers premium to be added to final price to establish total contract sales price.
Knox County Law Department will conduct the closings. The balance is to be paid in full at the closing within 60 days, AFTER Knox County Commission Approval. Property will be transferred with a Quit Claim Deed. The buyer is responsible for recording the deed.
PLEASE note that these properties were obtained via the Knox County Trustee’s Tax Sale and may NOT qualify for TITLE INSURANCE. Sellers OR Sellers Agent make NO Warranties on these properties or that Title Insurance can be obtained and the buyer is advised to seek legal council.
Real Estate Property Taxes will start at Closing for the buyer.
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).
TENANTS: The buyer understands and acknowledges that IF properties are occupied by tenants / previous owner: The purchaser IS buying the property with the tenants / previous owner in possession. AND buys the property subject to the rights of tenants/ previous owner in possession and all applicable rules and regulations relating thereto, and Seller and Auctioneer make no representations or warranties regarding the same.
Pursuant to Resolution R-07-1-903 passed by the Commission of Knox County, Tennessee, bidders hereby acknowledge by submission of their bid or proposal that they are current in their respective Federal, State, County and City taxes of whatever kind or nature and are not delinquent in any way. Bidders delinquent on any taxes, or who have been delinquent within the past 5 years, of whatever kind are not eligible and risk debarment from future sales. In no event shall Knox County or Powell Auction & Realty LLC, be liable for any indirect, incidental, consequential, special or exemplary damages or lost profits, even if Knox County has been advised of the possibility of such damages.
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 IF Applicable, Tennessee Residential Property Exemption and Lead-Based Paint Disclosure Waiver will be a part of the sales contract. Lead-Based Paint inspection starts April 17, 2018