×
Bidding has ended on this item.
Property Details
Beds
2
Bath
1
Living Space
1,097 sq ft
Lot Size
0.09 ac
Year Built
1946
Property Type
Residential
Sub Type
Single-Family
Product Type
Government/Bank Owned
Property ID
368628
Description
NOTICE: Bid is for 2nd mortgage lien value and does not include this senior lien payoff (Buyer will assume lien and clear during closing process). 1st mortgage lien of approximately $97,149.15 through 06/30/2024 (per diem of $7.35 thereafter). *No Agent commission offered on this property.*. 2BR 1BA 1,097+/- sf single-family. Built in 1946. Approx .09ac lot.
Property Disclosures
* Auction is for 2nd mortgage lien position. To obtain clear title, Buyer will be responsible to pay off senior liens, including a 1st mortgage lien of approximately $97,149.15 through 06/30/2024 (per diem of $7.35 thereafter). Prospective buyers are encouraged to investigate the existence, priority and size of outstanding liens that may exist by contacting county recorder�s office or a title insurance company. Seller will not warrant against any defects that existed in the property before property was deeded to Seller.
* Quit Claim Deed Disclosure. Buyer is purchasing the Property "as-is, where-is," with all faults and encumbrances, and without warranty or representation of any kind or manner, including, without limitation, clear or marketable title. The Property shall be conveyed by the Seller via quit claim deed, and Buyer shall accept the property subject to all liens, encumbrances, assessments, encroachments, easements, or other liabilities of any manner, known and unknown. Buyer accepts all responsibility for any remediation, fees, or terms required by any authority, which may or may not include demolition, escrow fees, or habitation certificates.
* Personal Property Not Included. Only title to the real estate is being conveyed. Personal property may be present, but is not included in the auction. Removal of personal property remaining on site at the time of closing is the responsibility of the Buyer.
* Escrow. Buyer acknowledges receipt of the Joint Escrow Instructions � Addendum A that modifies the Contract for Sale to provide for a designated Escrow Agent to hold down payment funds. Buyer and Seller agree that the Escrow funds may be held in a trust/escrow account located outside of the state where the Property is located.
* Seller Mandated Financing Disclosure: 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, and submittal of the Buyer�s offer is contingent upon receipt of said documents. Appropriate documentation should be provided at the auction or sent via fax (918) 362-6528 or email ([email protected]). Sale Inspection Required. The Property is subject to Village of Riverdale point of sale inspection. The inspection was ordered, and a copy will be provided to Buyer prior to closing. Buyer is purchasing the property as-is, where-is, and is responsible for all expenses for required remediation. Any required remediation must be completed within forty-five (45) days of closing. Buyer will required to complete the Village of Riverdale purchaser's property closing affidavit, and also required to provide the village with a termite inspection within forty-five (45) days of closing.
* Quit Claim Deed Disclosure. Buyer is purchasing the Property "as-is, where-is," with all faults and encumbrances, and without warranty or representation of any kind or manner, including, without limitation, clear or marketable title. The Property shall be conveyed by the Seller via quit claim deed, and Buyer shall accept the property subject to all liens, encumbrances, assessments, encroachments, easements, or other liabilities of any manner, known and unknown. Buyer accepts all responsibility for any remediation, fees, or terms required by any authority, which may or may not include demolition, escrow fees, or habitation certificates.
* Personal Property Not Included. Only title to the real estate is being conveyed. Personal property may be present, but is not included in the auction. Removal of personal property remaining on site at the time of closing is the responsibility of the Buyer.
* Escrow. Buyer acknowledges receipt of the Joint Escrow Instructions � Addendum A that modifies the Contract for Sale to provide for a designated Escrow Agent to hold down payment funds. Buyer and Seller agree that the Escrow funds may be held in a trust/escrow account located outside of the state where the Property is located.
* Seller Mandated Financing Disclosure: 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, and submittal of the Buyer�s offer is contingent upon receipt of said documents. Appropriate documentation should be provided at the auction or sent via fax (918) 362-6528 or email ([email protected]). Sale Inspection Required. The Property is subject to Village of Riverdale point of sale inspection. The inspection was ordered, and a copy will be provided to Buyer prior to closing. Buyer is purchasing the property as-is, where-is, and is responsible for all expenses for required remediation. Any required remediation must be completed within forty-five (45) days of closing. Buyer will required to complete the Village of Riverdale purchaser's property closing affidavit, and also required to provide the village with a termite inspection within forty-five (45) days of closing.
Legal Description
LOTS 2 AND 3 IN BLOCK 40 IN IVANHOE UNIT #3, BEING BRANIGAR BROS. SUBDIVISION OF PARTS OF THE NORTH 1/2 OF THE SOUTH EAST 1/4 AND THE NORTH 1/2 OF THE SOUTH WEST 1/4 AND THE SOUTH 1/2 OF THE NORTH EAST 1/4 OF SECTION 4, TOWNSHIP 36 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS.
Licensing
IL Williams & Williams Worldwide Real Estate, LLC, Lic. No. 481.011284;Jeffery L. Oberling, Lic. No. 471-017576.; Monte Lowderman Auc. Lic. 440000708
Quick Terms
- "As-Is, Where-is", no contingencies to sale
- 5% Buyer's Premium ($1,500 minimum)
- 3% Down-payment ($2,500 minimum)
- View full Terms of Sale
Need help?
To learn more about auction, visit Help Center or our Frequently Asked Questions.
You can also chat with Customer Service during business hours, call 866.921.2135 or email us.