MONROE COUNTY ONLINE ONLY BANKRUPTCY REAL ESTATE AUCTION

ONLINE ONLY BANKRUPTCY REAL ESTATE AUCTION

Case #: 16-31031-SHB

Pine Loop Road

Madisonville, TN 37354

ONLINE BIDDING ONLYBIDDING STARTS: Monday, September 12th at 10:00AMBIDDING ENDS: Friday, September 30th at 7:00PM

Pine Loop Road – Lot # 298

Monroe County, TN

Located in Laurel Mountain Lakes

Gated lakefront community on Laurel Lake

Parcel/Tax ID: 115G D 037.00

Lot Dimensions: 275.49 x 182.25 IRR

Tax Appraisal: $16,000

Total Taxes: $83.77

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. Sale is Subject to Court Approval. The balance is to be paid in full at deed closing within 20 (TWENTY) days, after Court Approval. No Extensions. SKYWAY TITLE to Conduct the Closing. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing. 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 ALL HOA fees, Transfer fees, Membership fees if applicable. 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.

Thank you for participating in a Powell Auction & Realty LLC. Online Auction. It is important that you familiarize yourself with the Terms & Conditions of the Sale. SEE TERMS AND CONDITIONS ATTACHED AT BOTTOM OF PAGE.  If you do not agree with any of the terms and conditions stated, PLEASE DO NOT BID or you will be bound by those Terms and Conditions. Good luck and good bidding! Auctioneer/Employees May withdraw, extend or rearrange any property, and or item at their sole discretion at any time, without advanced notice, and will not be held liable for any computer, internet or website malfunctions.  Payment must be made within 24 Hours after being contacted by Powell Auction & Realty LLC. 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. 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.  BIDDING WILL EXTEND IF BIDS ARE PLACED WITHIN LAST MINUTE. SEE TERMS AND CONDITIONS ATTACHED AT BOTTOM OF PAGE!!!

DIRECTIONS: From Madisonville, head south on Hwy 68 for approx. 6.8 miles. Turn left onto Countryside Lane to an immediate right onto Big Creek Road. Go approx. 1.2 miles to right on Laurel Branch Road. Turn right on the the second Pine Loop Road to the property on the right. Subdivision is gated and may require permission to access.

Important Information

• Bing Map

• CRS Report

• Taxes-Current-Delinquent