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This Property is currently only available to Owner/Occupants, Government Entities, or HUD Approved Non-Profits. See details below.
SPECIAL NOTES:
(1) OWNER OCCUPANTS ONLY
(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.
4BR 2BA 1,589+/- sf. 1.5-story Built in 1947. Approx .53ac lot.
• Buyer will not be charged a Buyers Premium or Auction Service Fee.
• Buyer's Agent Commission: Not offered.
• 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.
•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.
* Buyer understands and acknowledges that square footage, acreage, and/or bedroom and bathroom count for the building sited on the property is based on an appraisal or county assessor information. Buyer further understands and acknowledges that measurements/acreage/count can vary from a few feet to several hundred feet regardless of source (County Assessor's records, appraisal, or appraisal measurement report, etc.) and that said sources may contain erroneous information or measurements/acreage/count. Buyer should conduct their own investigation and satisfy that the size and/or square footage, acreage, and bedroom/bathroom count of the dwelling/building is acceptable to the Buyer prior to placing any bid or offer on a property. By placing a bid or offer on a property, Buyer is accepting the property in "as-is where-is condition" and agrees to be bound to the bid or offer should a discrepancy arise.
Volume 17005, Page 122 of the Penobscot County Registry of Deeds.
- "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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