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Residential
3 Beds
1 Bath
1,427 ft2
0.28 ac
Blount County
Listing Image
Auction Ended
Property Details
Beds
3
Bath
1
Living Space
1,427 sq ft
Lot Size
0.28 ac
Year Built
1941
Property Type
Residential
Sub Type
Single-Family
Product Type
Owner/Occupant Only
Property ID
368864
Description

This Property is currently only available to Owner/Occupants, Government Entities, or HUD Approved Non-Profits. 

A 1,427+/- sq ft 3 bedroom, 1 bathroom built in 1941
 

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.

3BR 1BA 1,427+/- sf single-family. Built in 1941. Approx .29ac lot.

• 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 jurisdiction
al 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.

Open Public Inspections: Property can be accessed if accompanied by a Realtor. Realtor please call 800-801-8003 for access.

Property Disclosures

•To bid on this Property, you must be an Owner-Occupant Buyer (Buyer will be required to sign a statement that Buyer intends to use the Property as their Principal Residence), a HUD-approved Nonprofit, or a Governmental Entity.

•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.

Redemption Notice.  Buyer acknowledges that this property may be bound by the state rules of redemption. The foreclosed debtor, junior lien holders, spouse of debtor, heirs, among others have up to one year from the date of the foreclosure to redeem the property, depending upon specific circumstances. Redemption period does not prohibit conveyance. The redeeming party must pay to the new buyer the foreclosure purchase price, plus  interest as defined in state law for money judgments in Alabama code 8-8-10, accruing from the date of foreclosure sale to the date of redemption, plus lawful charges as that term is defined in Alabama code 6-5-253.

Legal Description

A part of the Northeast   of the Northeast   of Section 13, Township 11 South. Range 1 West, Blount County, Alabama, more particularly described as follows: from the Southwest corner of the Southeast   of the Northeast   of said Section 13; thence North 11 degrees 10 minutes 48 seconds East a distance of 2099.70 feet to a nail in culvert on the Northwest right of way of 4th Avenue, the point of beginning; thence around a curve to the right along said Northwest right of way line having a chord bearing of North 28 degrees 47 minutes East a chord distance of 110.25 feet; thence North 56 degrees 13 minutes 32 seconds West 137.45 feet; thence South 39 degrees 40 minutes 30 seconds West 98.0 feet to branch; thence along said branch in a Southeasterly direction following the meanderings thereof a chord bearing of South 51 degrees 46 minutes East, a chord distance of 157.58 feet to the point of beginning.

Licensing
AL Broker: Williams and Williams Marketing Services, Inc., Lic. No. 76699• Emerson Jerry King, Lic. No. 136434. Auctioneer: Jerry King - AL - Auctioneer 5126
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
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