SATURDAY, MARCH 6, 2010

10:00 AM (SHARP!)

NOTE:  This property may be purchased prior to auction by contacting Johnny Swalls with an offer and the Sellers will act on the offer. 

The deadline for making this offer is Friday, March. 5, 2010, at 12:00 Noon.  First accepted Offer Buys.

PLEASE CALL TO MAKE SURE THE PROPERTY HAS NOT SOLD PRIOR TO AUCTION

REAL ESTATE: This is a 1 story, 1 bath, 2 bedroom all brick home, with eat-in kitchen and a 2 car brick detached

garage.  The home has central air, gas forced air furnace, built-in oven plus a range.  There is a small beauty shop in the southeast corner of the home with separate electric meter. The property has septic, city water and gas.

PARCEL NUMBER:  006-00946-00,  LEGAL: COULSONS SRV. PT LOT 20 BLK 6

REAL ESTATE TAXES:  The real estate taxes are approximately $1,139.04 per year and will be pro-rated at closing.

The taxes will be less with homestead and mortgage exemption.  

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 2006 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. The Buyer is only required to pay 10% down, of the contract price, day of sale.

SURVEY:  The Buyer will pay for the Survey, if one is needed.  POSSESSION:  Possession at closing, & not before.

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

SALE LOCATION:  6602 Nesbit, Coalmont, Indiana.   

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

E-MAIL:  auctions@jswalls.com  

AUCTIONEER:  Col. Johnny Swalls, CAI, AARE, GPPA, CAGA, CREA 

IN #AU01026257

                            660 Real Estate Parcels Sold of the Last 669. A Full Time Certified Auction Service!