ABSOLUTE FORECLOSURE AUCTION!
25 Individual Building Lots
25 Individual Building Lots
TAXES UPDATE
Buyer’s Estimated Back Taxes For Summerfield are $1,544 Per Lot (2007-2008 & 2009)
Buyer’s Estimated Taxes For Island Brook are $294 Per Lot (2009)
DON’T WAIT UNTIL THE LAST MINUTE TO REGISTER.
REGISTER NOW AND BE READY TO BID!
REGISTER NOW AND BE READY TO BID!
2 Counties
Davidson & Sumner Counties, TN
Selling Individually!
This Auction Has A 10 Minute
Auto Extend Feature On ALL Lots
Auto Extend Feature On ALL Lots
18 Lots In Summerfield S/D Davidson County
Lots 271, 276, 277, 278, 279, 286, 301, 307, 308,
309, 310, 318, 418, 424, 436, 438, 439 & 440
7 Lots In Island Brook S/D Sumner County
Lots 37, 71, 76, 79, 107, 109 & 112
2% Broker Participation Offered
See "Files" To Download The Form
BID NOW UNTIL THURSDAY
DECEMBER 17TH!
PLEASE REVIEW ALL ONLINE TERMS PRIOR TO BIDDING.
General Terms: Successful bidder must transfer ten percent (10%) of the final bid price as a non-refundable earnest money via certified check, cash or wire transfer within 48 hours of the close of bidding, with balance due at closing on or before December 30th, 2009. Successful Bidder must also transmit an executed Contract for Sale of Real Estate, in the form that is attached, to Comas Montgomery Realty & Auction Co., Inc. within 48 hours of the close of bidding. Title will be conveyed to Buyer by the Trustee, and conveyed only in his capacity as Trustee, without any covenant or warranty, express or implied, and subject to all prior liens, easements, covenants, and restrictions that may exist, including, but not limited to, any unpaid ad valorem taxes, other taxes, and Home Owner’s Association fees, and also subject to the right of redemption of the Internal Revenue Service or other taxing authority. This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, insurability of title, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Contract for Sale of Real Estate.
Buyers Premium: Ten percent (10%) will be added to winning bid price to determine the final selling price.
PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT. PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED THE CONTRACT FOR SALE OF REAL ESTATE, DO NOT BID.
AUCTION END TIMES: Comas Montgomery Realty & Auction Co., Inc. Online Auctions are timed events and all bidding will close on December 17th at 3pm.
Comas Montgomery Realty & Auction Co., Inc. Online Auctions also have an auto extend feature. If a bid is placed in the final 10 minutes of an auction, the auction ending will be automatically extended 10 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:09.The auto extend feature remains active until no further bids are received within a 10 minute time frame.
REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE BIDDING
SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Trustee and Comas Montgomery Realty & Auction Co., Inc. reserve the right to extend bidding, continue the bidding, or close the bidding. BIDDERS EXPRESSLY AGREE THAT NEITHER THE COMPANY PROVIDING THE SOFTWARE, nor TRUSTEE, nor COMAS MONTGOMERY REALTY & AUCTION CO., INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. THE ONLY GUARANTEE THAT YOU HAVE A CHANCE TO BID IS TO ATTEND THE FORECLOSURE SALE, AS MORE FULLY DESCRIBED IN THE NOTICE OF SUBSTITUTE TRUSTEE SALE AS PUBLISHED. Email notifications will be sent to registered bidders with updated information as deemed necessary by Comas Montgomery Realty & Auction Co., Inc.
CLOSING ATTORNEY: The closing, TO BE HELD ON OR BEFORE 5PM ON DECEMBER 30, 2009, will be held at the law offices of the Trustee, as follows:
Joe Prochaska (Trustee)
Prochaska Thompson Quinn & Ferraro, P.C.
401 Church Street, Suite 2600
Nashville, TN 37219
BUYER’S PREMIUM: There will be a buyer’s premium of 10% added to the bid price to arrive at final purchase price. (Example: To a Bid Price of $50,000 there will be added a Buyer’s Fee of $5,000, to equal a purchase price of $55,000.)
AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and earnest money deposit additional default remedies are reserved by Comas Montgomery Realty & Auction Co., Inc. and the Trustee as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. The Trustee reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale. Any dispute between Comas Montgomery Realty & Auction Co., Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Rutherford County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.
ACCEPTANCE OF BID PRICES: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Comas Montgomery Realty & Auction Co., Inc. will e-mail or fax documents to be executed and faxed or e-mailed back to Comas Montgomery Realty & Auction Co., Inc. within 48 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money within 48 hours will be considered in default. Any and all inspections must be performed at buyer’s expense prior to the close of the online bidding. Comas Montgomery Realty & Auction Co., Inc., Agents, Representatives or Employees may bid. This property may be withdrawn from the auction at anytime.
TITLE: As specified in the Contract for Sale of Real Estate.
DEED: As specified in the Contract for Sale of Real Estate.
POSSESSION: Upon the full payment of the purchase price.
REAL ESTATE TAXES AND CLOSING COSTS: All taxes will be the responsibility of the buyer. All wire and courier fees are the responsibility of the buyer. Home Owners Association fees and condominium assessments, if any, will be the responsibility of the buyer. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan, as well as any other costs detailed in the Contract for Sale of Real Estate.
EASEMENTS: Subject to any and all easements that may exist.
ZONING: This property is subject to all state and local zoning ordinances.
ACREAGE & AERIAL PHOTOS: Parcel dimensions and acreages are based on legal descriptions. Aerial photos are for illustration purposes only and not surveyed boundary lines.
BIDDER VERIFICATION: The identity of all bidders will be verified. Bidding rights are provisional; if complete verification is not possible, Comas Montgomery Realty & Auction Co., Inc. will reject the registration, bidding activity by that bidder will be terminated. The Trustee and Comas Montgomery Realty & Auction Co., Inc. reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, or capacity to consummate the sale, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.
AGENCY: Comas Montgomery Realty & Auction Co., Inc., Agents and Representatives are agents of the Trustee. Buyer and or Bidder agrees to hold harmless and indemnify Trustee, Comas Montgomery Realty & Auction Co., Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
NEW DATA, CORRECTIONS AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.
Disclaimer & Absence of Warranties: All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate 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 Trustee or Comas Montgomery Realty & Auction Co., Inc., Agents or Representatives. 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 the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Trustee, Comas Montgomery Realty & Auction Co., Inc., Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Comas Montgomery Realty & Auction Co., Inc. are final. Any dispute between Comas Montgomery Realty & Auction Co., Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Rutherford County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.
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General Terms: Successful bidder must transfer ten percent (10%) of the final bid price as a non-refundable earnest money via certified check, cash or wire transfer within 48 hours of the close of bidding, with balance due at closing on or before December 30th, 2009. Successful Bidder must also transmit an executed Contract for Sale of Real Estate, in the form that is attached, to Comas Montgomery Realty & Auction Co., Inc. within 48 hours of the close of bidding. Title will be conveyed to Buyer by the Trustee, and conveyed only in his capacity as Trustee, without any covenant or warranty, express or implied, and subject to all prior liens, easements, covenants, and restrictions that may exist, including, but not limited to, any unpaid ad valorem taxes, other taxes, and Home Owner’s Association fees, and also subject to the right of redemption of the Internal Revenue Service or other taxing authority. This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, insurability of title, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Contract for Sale of Real Estate.
Buyers Premium: Ten percent (10%) will be added to winning bid price to determine the final selling price.
PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT. PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED THE CONTRACT FOR SALE OF REAL ESTATE, DO NOT BID.
AUCTION END TIMES: Comas Montgomery Realty & Auction Co., Inc. Online Auctions are timed events and all bidding will close on December 17th at 3pm.
Comas Montgomery Realty & Auction Co., Inc. Online Auctions also have an auto extend feature. If a bid is placed in the final 10 minutes of an auction, the auction ending will be automatically extended 10 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:09.The auto extend feature remains active until no further bids are received within a 10 minute time frame.
REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE BIDDING
SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Trustee and Comas Montgomery Realty & Auction Co., Inc. reserve the right to extend bidding, continue the bidding, or close the bidding. BIDDERS EXPRESSLY AGREE THAT NEITHER THE COMPANY PROVIDING THE SOFTWARE, nor TRUSTEE, nor COMAS MONTGOMERY REALTY & AUCTION CO., INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. THE ONLY GUARANTEE THAT YOU HAVE A CHANCE TO BID IS TO ATTEND THE FORECLOSURE SALE, AS MORE FULLY DESCRIBED IN THE NOTICE OF SUBSTITUTE TRUSTEE SALE AS PUBLISHED. Email notifications will be sent to registered bidders with updated information as deemed necessary by Comas Montgomery Realty & Auction Co., Inc.
CLOSING ATTORNEY: The closing, TO BE HELD ON OR BEFORE 5PM ON DECEMBER 30, 2009, will be held at the law offices of the Trustee, as follows:
Joe Prochaska (Trustee)
Prochaska Thompson Quinn & Ferraro, P.C.
401 Church Street, Suite 2600
Nashville, TN 37219
BUYER’S PREMIUM: There will be a buyer’s premium of 10% added to the bid price to arrive at final purchase price. (Example: To a Bid Price of $50,000 there will be added a Buyer’s Fee of $5,000, to equal a purchase price of $55,000.)
AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and earnest money deposit additional default remedies are reserved by Comas Montgomery Realty & Auction Co., Inc. and the Trustee as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. The Trustee reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale. Any dispute between Comas Montgomery Realty & Auction Co., Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Rutherford County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.
ACCEPTANCE OF BID PRICES: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Comas Montgomery Realty & Auction Co., Inc. will e-mail or fax documents to be executed and faxed or e-mailed back to Comas Montgomery Realty & Auction Co., Inc. within 48 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money within 48 hours will be considered in default. Any and all inspections must be performed at buyer’s expense prior to the close of the online bidding. Comas Montgomery Realty & Auction Co., Inc., Agents, Representatives or Employees may bid. This property may be withdrawn from the auction at anytime.
TITLE: As specified in the Contract for Sale of Real Estate.
DEED: As specified in the Contract for Sale of Real Estate.
POSSESSION: Upon the full payment of the purchase price.
REAL ESTATE TAXES AND CLOSING COSTS: All taxes will be the responsibility of the buyer. All wire and courier fees are the responsibility of the buyer. Home Owners Association fees and condominium assessments, if any, will be the responsibility of the buyer. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan, as well as any other costs detailed in the Contract for Sale of Real Estate.
EASEMENTS: Subject to any and all easements that may exist.
ZONING: This property is subject to all state and local zoning ordinances.
ACREAGE & AERIAL PHOTOS: Parcel dimensions and acreages are based on legal descriptions. Aerial photos are for illustration purposes only and not surveyed boundary lines.
BIDDER VERIFICATION: The identity of all bidders will be verified. Bidding rights are provisional; if complete verification is not possible, Comas Montgomery Realty & Auction Co., Inc. will reject the registration, bidding activity by that bidder will be terminated. The Trustee and Comas Montgomery Realty & Auction Co., Inc. reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, or capacity to consummate the sale, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.
AGENCY: Comas Montgomery Realty & Auction Co., Inc., Agents and Representatives are agents of the Trustee. Buyer and or Bidder agrees to hold harmless and indemnify Trustee, Comas Montgomery Realty & Auction Co., Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
NEW DATA, CORRECTIONS AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.
Disclaimer & Absence of Warranties: All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate 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 Trustee or Comas Montgomery Realty & Auction Co., Inc., Agents or Representatives. 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 the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Trustee, Comas Montgomery Realty & Auction Co., Inc., Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Comas Montgomery Realty & Auction Co., Inc. are final. Any dispute between Comas Montgomery Realty & Auction Co., Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Rutherford County, Tennessee. By bidding on the property, buyer agrees to all terms and conditions set forth.
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