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A 1520+/- sq ft 3 bedroom, 2 bathroom built in 1931
SPECIAL NOTES:
- This is a CASH ONLY transaction.
- Seller to pay Taxes, HOA, and Municipal/Utility Liens.
- Bids below the reserve may be presented to the seller for consideration.
- Please read the Williams and Williams disclaimers carefully before placing a bid or submitting an offer
3BR 2BA 1,520+/- sf 1-story single-family. Built in 1931.
- 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 did not 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.
* 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.
Legal Description: Being a part of the Northwest Quarter of Northwest Quarter of Northeast Quarter (NW 1/4 NW 1/4 NE 1/4) of Section 32, Township 12 South, Range 29 West, Little River County, Arkansas, more particularly described as follow: Begin at the Southwest corner of NW 1/4 NW 1/4 NE 1/4 of Section 32, Township 12 South, Range 29 West, thence North 0 degrees 47`12" East 100.0 feet; thence South 88 degrees 52`57" East 150.0 feet; thence South 0 degrees 47`12" West 100.0 feet; thence North 88 degrees 52`57" West 150.0 feet to the Point of Beginning.
- "As-Is, Where-is", no contingencies to sale
- No Buyer's Premium
- 1% Down-payment ($1,500 minimum)
- View full Terms of Sale
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.