ESTATE AUCTION | ARLINGTON, TN

HOME

Bid Deposit(s):  

$10,000

Please make the cashier's check(s) out to yourself. In the event that you are the high bidder, you will simply endorse the check to Saddle Creek Title as a non-refundable bid deposit. In the event you are not the high bidder, your cashier's check will be returned to you, and you may simply deposit it into your account.

Closing
The successful bidder will sign a real estate sales contract at the auction.  Closings shall take place within 30 days of the close of the auction.  Closing is to take place at the offices of:

Neal Hanna
Saddle Creek Title
855 Ridgelake Blvd., Suite 300
Memphis, TN 38120
901-753-1600
www.saddlecreektitle.com

No Contingencies
All of our auction properties are sold in “as is, where is” condition.  No purchase shall be contingent on financing or any other contingencies.  Potential buyers are given ample time to inspect properties prior to auction. Terms and conditions are preset and non-negotiable.

Pre-Qualified Buyers
In order to bid, potential buyers must present proof of being able to pay the non-refundable Bid Deposit. Bid Deposits will be accepted in the form of cash, checks with bank letter of guarantee, or certified funds.   The high bidder will pay the Bid Deposit upon signing the sales contract at the auction.

Buyer's Premium:
A buyer's premium of ten percent (10%) will be added to the high bid to determine the total price to be paid.

Closing:
The entire purchase price must be paid by Cashier's or Certified Check, or wired funds at closing. The closing shall take place not later than thirty (30) days after the auction.

Broker Participation:
All licensed real estate brokers are encouraged to participate by bringing your buyers to the auction. A commission will be paid to the licensed and qualified broker whose properly registered buyer is the successful bidder at the auction, and whose buyer purchases the property. Brokers must register their prospective buyer on the required Broker Participation Form (completely filled out and signed). The form may be obtained by calling 901-565-7770. This form must be submitted to Morris Auction Group no later than 24 hours prior to the Auction.

Disclaimer:
Announcements made at the auction supersede all printed material. All information included herein was derived from sources believed to be correct, but is not guaranteed.

CONTENTS

10% buyer's premium will be applied to all high bids to determine final sales prices. Payment in full is due on day of sale; no exceptions. All sales final. Payment accepted in the following forms: cash, Visa, MasterCard or business check. All checks must be accompanied by letter of guarantee from the bank upon which it is drawn; no exceptions.