Lender Foreclosure Auction

Country Home on 5.76 Acres

7340 W St. Rd. 218 Warren, IN.

MAP TO PROPERTY
The Property is located 4 mi. west of Warren, IN on St. Rd. 218 to 7340 W St. Rd. 218 Warren, IN

Thurs. Feb 25 @ 5:30 pm

Auction held at the Knight Bergman Center

132 Nancy St., Warren, IN.

Open Houses: Thurs. Feb 18 (5-6) & Sun. Feb 21 (1 - 2)

Property Information

7 Room 2140 sq ft 3 Bedroom Home
Built in 2002 on a 5.75 Acre Wooded Lot
2 x 6 Energy Efficient Exterior Walls
Dining Area with Fireplace
Master Suite with Master Bath
13 x 20 Cathedral Ceiling Living Rm
13 x 11 family room on 2nd Floor & 2 Bd rms
20 x20 Wooden Deck
24 x 22 two car garage

Download Realtor Registration Form

This property was obtained by the lender through foreclosure. When the lender secured this property there was a water leak and the lender had all the dry wall from the first floor along with the first 4 ft of wall on the 2nd floor removed.This home has an assessed value of over $170,000 and would make some one an excellent investment and an opportunity. Financing available to qualified buyers. Don't find out to late that this property sold for a price that you would of gladly given.

Inspect, Arrange Financing, Bid Your Price.

TERMS:

10% down the day of Auction, balance due in full upon delivery of the merchantable title and deed free and clear of all liens and encumbrances except as stated herein and subject to easements or restrictions of record. A 6% buyer's premium will be added to final bid and included in the total contract price.

CONDITIONS:

Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

TAXES:

Buyer shall assume and pay real estate taxes due and payable in May 2011.

POSSESSION:

One day after closing.

IMPROVEMENTS & FIXTURES:

The Real Estate includes all improvements and permanent fixtures used in connection with it, (excluding any satellite receiving station or dish, components and wiring) now in or on the Real Estate.

SURVEY:

The Seller has a legal description for the property so no survey will be provided. If a survey is requested it will be paid by the buyer.

AGENCY DISCLOSURE & GENERAL OFFICE POLICIES:

Ness Bros. Auction Staff (Auctioneers and Ringmen) will represent the Seller exclusively unless Ness Bros. Agent has a signed buyer agency agreement with buyer, then that agent has a limited agency with buyer.

DISCLAIMER & ABSENCE OF WARRANTIES:

All information contained in the brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an "AS IS, WHERE IS" basis and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the seller or the auction co. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The seller and selling agents reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, etc. All decisions of the Auctioneer are final.

CLOSING:

Balance of purchase price is due in cash at closing, which will take place within 30 days of proof of insurable title. The fee charged by any closing agent (including an attorney acting as a closing agent for both parties, or Buyer's lender acting in such capacity) for closing services shall be paid equally by the parties. Each buyer will be responsible for paying a $195.00 transaction fee to be collected at closing.

SPECIAL NOTE:

The top bidder will be required to enter into a written agreement to purchase improved real estate contract irrevocable with earnest money deposited at the auction site immediately following closing of the auction. By executing this agreement, buyer is making an offer to seller, buyer's offer expires at 11:59 P.M. (local time) March 4, 2010. Any personal property left in the residence and buildings or on the land after possession date of Real Estate will be inherited by the new buyers.

THANK YOU for your interest in this offering. If you have any questions, please feel free to talk to one of our representatives.

For A Free Recorded Message Call 1-877-297-7407 ID 6010

STATEMENTS MADE THE DAY OF AUCTION TAKES PRECEDENCE OVER PREVIOUS PRINTED MATERIALS OR ANY ORAL STATEMENTS

Farm Credit Services - Seller