SOLD $25,000  THANK YOU     SOLD $25,000   THANK YOU    SOLD $25,000REAL ESTATE AUCTION

BUYER MAY PURCHASE REAL ESTATE PRIOR TO AUCTION

www.jswalls.com

MAY 17, 2007 - 3:00 PM (Sharp!)

SULLIVAN, INDIANA

OWNER:  Dorothy R. Hale

NOTE:  This property may be bought prior to auction by contacting Johnny Swalls with an offer and the Seller will act on the offer.  The deadline for making this offer is Wednesday, May 16, 2007, at 12:00 Noon.  First accepted Offer Buys.

REAL ESTATE:  This is a 2 bedroom, 1.50 bath home located on .66 acre on the northeast corner of Section and Frakes Street.  The home has a shingle roof, aluminum siding, concrete floor, Signature forced air gas furnace and 100 ampere breaker box.  The home has a living room, dining room, kitchen, office or den, 2 bedrooms and 1.50 baths.  The kitchen is equipped with a gas range.  This Commercial Location has many possibilities with 225 ft. of road frontage on Section Street and all city utilities.  Please call Johnny with your offer today!         

PARCEL NUMBER:   77072200057000012              LEGAL:  PT W1/2 SW containing .66 acres 

REAL ESTATE TAXES:  The real estate taxes are approximately $210 per year (with mortgage and homestead exemptions) and will be pro-rated at closing. 

TERMS OF REAL ESTATE:  The Successful Bidder will deposit 10% of the contract purchase price (except for exempt entities) at the auction in the form of cash, cashier’s check or approved personal check or company check with bank letter of guarantee (no bank drafts).  The Buyer will sign a non-contingent real estate contract with the balance due in 30 days or thereafter within 5 days of presentation of insurable title.  The Real Estate will be sold “AS-IS” with no warranty, expressed or implied, but will be free and clear of any liens or encumbrances.  An ALTA 92 Title Insurance Commitment in the amount of the contract price will be supplied to the Buyer by the Seller and Seller shall pay for title search, premium for owner’s policy and cost to correct any title defects. If obtaining a loan, the Buyer shall pay the mortgage policy.  The Buyer will pay for the recording of his/her necessary documents.  The Auction will conclude when the Auctioneer determines that all buyers have made their best and final offers.  Anyone desiring to bid must be approved prior to sale by Johnny Swalls.  Any statements made by the Auctioneer day of sale or during the sale take precedence over any oral or written heretofore. 

BUYER’S PREMIUM:  The Buyer will pay a 6% Buyer’s Premium which will be added to the bid price to arrive at the contract price.

SURVEY:  Any survey needed will be completed after closing at the expense of the Buyer.

AGENCY: Johnny Swalls Auction & Appraisal, Inc. and its Representatives are Exclusive Agents of the Seller.

FOR PRIVATE SHOWING CALL:   Johnny Swalls 812-495-6119  

SALE LOCATION:  At the property.

AUCTIONEER’S PHONE: 812-495-6119, 812-696-5099

FAX:  812-696-5090  E-MAIL:  jswalls@aol.com

AUCTIONEER:  Col. Johnny Swalls,

CAI, AARE, GPPA, CAGA, CREA  

IN  #AU01026257 

544 Real Estate Parcels Sold of the Last 550.  A Full Time Certified Auction Service!