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Online Only Real Estate Auction
Previous Page Listing ID#: 1633392
Auction Location |
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South Bend, IN 46615 |
Auction Dates and Times |
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Bidding Starts: Thursday Jun 20, 9:00 AM Bidding Ends: Monday Jul 22, 10:00 AM |
Auction Type |
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Online Auction VIEW ONLINE CATALOG |
Company Information |
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Krueckeberg Auction & Realty Website: kjauction.com GoToAuction.com ID#: 8270 View company information and listings |
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Listing Terms and Conditions |
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Terms of Sheriff Auction:
Bidding Process: This auction will take place via online auction with a soft close, Bidding will be open now until Monday July 22nd @ 10AM EST, If any bids are placed within the last 5 minutes of the auction, bidding will extend 5 additional minutes until there is 5 consecutive minutes without bidding activity
Terms of Sheriff Auction:
Auctioneer is authorized to charge and retain a buyer premium of four percent (4%)
of the bid amount from the highest third party bidder (the “Buyer Premium”). Said Buyer Premium
will be paid by the highest third party bidder, to Auctioneer, and shall be in addition to the amount
of the winning bid entered by the highest third party bidder.
Bidding shall be made without conditions and with no contingencies of any kind.
The Property shall be sold “AS IS AND WHERE IS” with no representations or warranties of any
kind being made to the buyer. Auctioneer shall not be held to answer to any claims whatsoever
concerning the condition and/or title to the Property.
Auctioneer shall require all third party bidders to provide proof of funds prior to
being able to bid at the foreclose sale and a refundable deposit of $20,000.00 (the “Deposit”). After
conclusion of the auction, if a third party bidder was the winning bidder, such third party shall by
4PM Eastern standard time on the date of the sale deliver to auctioneer funds in the amount of the bid price, plus the
Buyer Premium less the Deposit, which shall be paid by wire transfer. Any successfull bidders will receive their $20,000.00 (the "Deposit") back within 24 hours from the date of auction.
Auctioneer shall facilitate the following to finalize the transfer of the Property:
a. The Sheriff’s costs and expenses for the sale are paid out of the proceeds of the
sale;
b. A Clerk’s Return is prepared for delivery to the Sheriff;
c. A Sheriff’s Deed and Sales Disclosure Form for the Property is delivered by the
Sheriff or designated deputy to the buyer;
d. The Sheriff’s Deed, along with fees and other such documents, as may be
required by the Recorder and/or other officials of St. Joseph County, Indiana
(“County”) are provided by Auctioneer so that the Sheriff’s Deed will be
recorded in the public record; and
e. The net proceeds of the sale are remitted by Auctioneer to Plaintiff in
accordance with the Clerk’s Return, which shall account for the gross purchase
price less any amounts due to Auctioneer, including the Buyer Premium or
Credit Bid Fee, sheriff fee, recording costs and auditor fees. Payment to
Auctioneer for its expenses and commissions shall be made prior to the payment
of any other item, fee, or expense.
14. If there is a third party buyer and such buyer fails to timely deliver the balance of
the sale price to Auctioneer, then:
a. Auctioneer is authorized to sell the Property to a backup bidder from the
original sale if in the judgment of Auctioneer, the price a backup bidder is willing
to pay is a greater amount than a subsequent sale is likely to realize after
payment of advertising and other costs for the subsequent sale. If this is not the
case, the sale shall then be reset under the same terms as herein provided. In
either instance, the buyer’s Deposit shall be forfeited and applied first to the
Marketing Expense, then the fees, if any, of the Sheriff, Treasurer, Assessor
and/or Plaintiff in connection with the sale; and the remainder shall be split
equally between Auctioneer and Plaintiff as payment towards the balance of the
Judgment.
b. Alternatively, additional time may be given to bidder for the delivery of the
funds with an additional non-refundable escrow deposit by the bidder and the
written agreement of both Auctioneer and Plaintiff.
The buyer shall have rights to possession and title to the Property upon buyer’s
delivery of the full bid price to Auctioneer and delivery of the Sheriff’s Deed to buyer.
The buyer shall be responsible for the payment of all taxes and assessments for
installments, which become due and payable after the date of the auction.
The property is being sold with no warranties expressed or implied by Krueckeberg Auction Company nor the Seller. Each potential bidder is responsible for conducting his or her own inspections, inquiries, and due diligence concerning this property. All information in this flyer is thought to be accurate but it is the responsibility of all potential bidders to verify the accuracy of all information within. Neither the Seller nor Krueckeberg Auction Company shall be held liable for its accuracy, errors, or omissions.
Auctioneers License: Josh Krueckeberg (AU19800008 AC31500055)
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Listing Information |
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Multi Unit Real Estate Sheriff AuctionBidding Opens Soon & Ends Monday July 22nd 10:00AM ESTClick HERE To Bid!
OPEN HOUSE: Monday July 8th 10AM -1PM EST & Monday July 15th 10AM-1PM EST All 4 Parcels to be purchased as one bid amount located in St. Joseph County, Portage Township, South Bend, Indiana 744-758 N Notre Dame Ave South Bend, IN 46617
618 N Notre Dame Ave South Bend, IN 46617
743 N Frances St. South Bend, IN 46617 Back Parking lot parcel for 618 N Notre Dame Ave. units All units feature electric furnace, A/C & hotwater heater ** pictures of each apartment are available upon request** TO THE OWNERS OF THE WITHIN DESCRIBED REAL ESTATE AND ALL INTERESTED PARTIES By virtue of a certified copy of a decree to me provided from of the Sheriff of St. Joseph
Key No. 18-5029-1064 Key No. 18-5030-1088 William J. Redman, St. Joseph County Sheriff by Krueckeberg Auction & Realty LLC d/b/a Key |
Auction License: AU19800008 |
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