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Property Details
Beds
3
Bath
1
Living Space
988 sq ft
Lot Size
7,840 ac
Year Built
1960
Property Type
Residential
Sub Type
Single-Family
Product Type
Owner/Occupant Only
Property ID
368825
Description
SPECIAL NOTES:
(1) This is a CASH ONLY transaction.
(2) Seller to pay Taxes, HOA, and Municipal/Utility Liens.
(3) Bids below the reserve may be presented to the seller for consideration.
(4) Please read the Williams and Williams disclaimers carefully before placing a bid or submitting an offer.
(5) The subject property is reported to be Occupied. Buyers will not be permitted to access the property prior to closing.
- Buyer will not be charged a Buyers Premium or Auction Service Fee.
- Buyer's Agent Commission: Please contact us for the commission scale.
- Buyer is responsible for all escrow and closing fees typically ranging from $750-$3000. It is the Buyer’s responsibility to contact a local title agency or real estate attorney for a property specific estimate prior to placing a bid.
- Closing must occur on or before 30 days from seller's acceptance of offer.
- Buyer is responsible for obtaining possession of the property after closing.
- The property is being offered As-Is, Where-Is, without any contingencies.
- Seller will agree to transfer title via Special Warranty Deed (or jurisdictional equivalent) if buyer secures title insurance, at buyer's expense, without delaying the closing date. If buyer does not purchase title insurance, Seller will transfer the property via quit claim deed (or jurisdictional equivalent).
This is a HUD Second Chance home auction. Second Chance means it didn’t sell to a new homeowner at the Foreclosure Auction. During this Second Chance auction period, Seller advises the home is discounted below Seller's appraised value. This is a limited time opportunity. No Buyers Premium.
Property Disclosures
- Property is being sold in an “as is” condition, and the condition is unknown and may include defects, possible health or safety hazards, or debris, or be located in a Special Flood Hazard Area.
- Proof of Funds Required. The seller requires that the high bidder be able to demonstrate proof of funds or financing pre-qualification within 24 hours of the auction. Buyer must obtain a “pre-qualification” letter from a lender of their choice. If buyer intends to pay with cash, a bank letter or other financial account statement showing proof of sufficient funds to cover 100% of the purchase price will be required (account numbers should be removed or redacted). Buyer understands and agrees to submit said documentation to auctioneer within 24 hours of the auction.
- Utilities Disclosure. The utilities to this property are not currently “turned on” and the property has been winterized. Utilities will not be turned prior to closing, regardless of inspections. Buyer will need to consider this and account for it if/when inspecting the property. Buyer is responsible for utility transfer post-closing.
- Square Footage/Acreage Disclosure. The source of the square footage or acreage represented for the property is from public record. Buyer understands and acknowledges that square footage or acreage measurements of a property can vary from a few feet to several hundred feet regardless of source (County Assessor’s records, appraisal or appraisal measurement report, survey, etc.). Buyer shall be solely responsible for satisfying that the size and/or square footage or acreage of the property is acceptable to the Buyer.
- Septic Inspection Disclosure. The Property may be subject to a Trumbull County septic inspection. Buyer understands that if the inspection is required, it will be ordered, and Buyer will receive a copy of the inspection report prior to closing. Buyer agrees to comply with all requirements necessary to complete said inspection and any necessary remediation, including, but not limited to, obtaining the necessary permits and making arrangements to correct any noted city/county violations at Buyer's expense. Buyer agrees that any and all violations will be repaired within 60 days of closing. Buyer should conduct an investigation into cost of compliance with septic requirements prior to bidding.
Licensing
OH Bang Realty, Inc., Lic. No. 2009002663; Brian L. Brockman, Lic. No. BRKP.2009000214.; Andrew White, Lic. No. 2003000128; RES Auction Services RE Lic. No. REC.2009004189
Quick Terms
- "As-Is, Where-is", no contingencies to sale
- No Buyer's Premium
- 1% Down-payment ($1,500 minimum)
- View full Terms of Sale
Need help?
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You can also chat with Customer Service during business hours, call 866.921.2135 or email us.