This property is being sold at an online-only Public Auction. Property is sold AS-IS with NO warranty or guarantees of condition. Any inspections of the property must be completed PRIOR to close of auction. Brokers/Realtors, you must register your bidder to receive the Co-Op Commission on this sale. Please email EDSOnlineAuctions@gmail.com and we will email you the registration form. Bidders must be registered prior to bidding. Buyer MUST bid in their registered name. Brokers/Realtors CANNOT bid on behalf of Buyers. This will result in the Broker/Realtor being fully responsible for the purchase of the home. Auction opens on Tuesday Oct 30th 2018 and closes with a soft close at 8PM on Monday Nov 19th at 8PM sharp. Bidding increments will be $100. Soft close means any bid placed with 5 minutes or less left in the auction will automatically extend the closing time by 5 minutes. Bidding is by internet only. If you can't bid on-line, or if you have any questions about the process, please E Mail EDSOnlineAuctions@gmail.com, or call us at 812-822-2508. Leave us a message 24 hours a day and we will return your call. Phone and absentee bidding is available. This Real Estate Auction has a $35,000 reserve/opening bid. This means that once the opening bid is achieved, this property will sell without further reserve. This property will sell to the highest bidder after reserve is met. Please email questions to EDSIndiana@gmail.com for more information. Auction company will contact the high bidder within 24 hours of the close of the Auction by phone. At this time Auction staff will set an appointment to meet with the buyer to sign documents and discuss the closing and deposit details. Deposit will be paid directly to Title Plus of Bloomington IN and must be paid by good funds within 72 hours of auction close. Property will close at Title Plus within 45 days of Auction close or sooner. Winning bidder will be required to pay a $5,000.00 dollar non-refundable deposit within 72 hours of the close of the Auction. This deposit will only be refunded to the Buyer in the event seller is unable to provide a clean deed and is unable to close the property. Buyer is committing to being financially able to close on the property and is agreeing to the terms of the auction when a bid is submitted. Failure to close due to any fault of the buyer will result in the loss of the $5,000.00 deposit. Seller and Auctioneer will retain the deposit in lieu of damages. If you are working with a Lender please discuss the Auction, Terms, and Home Condition prior to Bidding. This home sells As-Is and Seller WILL NOT make ANY repairs as a condition to close. This Home is not a good candidate for an FHA or other Federal Loan Programs. PLEASE DON"T BID UNLESS YOU CAN CLOSE. Closing will be scheduled within a maximum of 45 days or sooner from the close of the Auction. Balance of the sale price will be due in full at closing. Seller will provide title insurance. Closing fee to be split between Buyer & Seller. Preliminary title work has been completed by Title Plus of Bloomington, Indiana and is available upon request. Property has no liens or encumbrances excluding Mortgage, Taxes & Closing Fees to be paid in full at date of closing. Answers to Your Questions About Buying Real Estate & Personal Property at On-Line Auctions! Buying a home or parcel of land at an Auction doesn't have to be a scary experience. If you have never bid in an On-Line Auction or purchased items at a Live Auction take a look at these facts: " When you register, we ask for a credit card for verification. We will NEVER hit that card for your purchase or deposit. This is simply a tool to assure we are dealing with a legitimate buyer and identity. " After the Auction is completed one of our staff will call you to either verify and collect payment for Personal Property Auctions, or set up an appointment to sign documents and collect a deposit for Real Estate Auctions. " Your information is never used, sold or seen by anyone except our trusted financial staff. " Your ID is never exposed to other buyers unless you want to bid that way. When you register simply choose a user name and ask that your ID be private and no one will ever know you are bidding. " There are no shill bidders in our Auctions. A shill is a nefarious bid cast by an insider, either Auction staff, or even the Owner of the item being sold, to drive the price up. We will not tolerate this activity. " All of the Real Estate we sell at Auction closes like any traditional Real Estate transaction at a local Title Company. " We always try to provide a preliminary title commitment, showing the property is free of liens, or that the lien is a traditional loan or other encumbrance that will be paid at closing by the Seller. " When possible, we will provide a Pre-Auction inspection of the property, providing an online copy of that document imbedded in the auction for you to view and print. " Our Seller's always provide you with a clean Deed and Title Insurance. " When we have a No-Reserve Auction that means if the bidding is opened at the starting price, the item will sell. An Absolute Auction means there is no high starting bid and no reserve. We often start our Real Estate auctions at the Minimum price a seller will accept. " A Reserve Auction can mean two things. We try to set up our auction with only a minimum bid reserve. That means if the minimum bid is achieved, the property will sell. The second option is most often listed as subject to seller or court approval. In this type of Auction, regardless of how high the bidding goes, court or seller approval is required to accept the high bid. This option is an undisclosed reserve. " Real Estate that sells "Final Bid is Subject to Owner or Court Approval", means just that. Though you may be the high bidder, if the amount isn't satisfactory to the owner, or if the court believes the price is not adequate to protect a party's interest, the property may not sell, even though you were the high bidder. " As-Is and Without Warranty or Guarantee means just that. You are buying the property as it sets and there is no guarantee of any condition, inspection or other issue. Once you bid in this scenario you agree to accept the property As-Is and there is no backing out because of any issue. " A Non-Refundable Deposit means that the deposit will be lost if you can't or won't close on the property. This applies only to Real Estate Auctions. " In the event the Seller cannot produce clear title to the property or cannot close for any Seller reason, your deposit is refunded in full. " Your deposit is given to the closing Title Company and held safely in their Escrow Account until day of final closing. Funds may have to wire transferred to the Title Company for Security. " If you want to conduct an inspection on Real Estate, or if you need to borrow the money to buy Real Estate at Auction, contact us as soon as possible. We will work with you and your lender to accommodate any questions or needs you or they may have. " You should never Bid on Real Estate at Auction if you have not worked out loan approval with your lender first. If you fail to close because you can't get your loan approved, you will lose your non-refundable deposit in full.

ONLINE Only Real Estate Auction. 147 16th St in Bedford IN 47421. A nice 2 Bedroom bungalow on a large .85 Ac lot. located just across 16th St/Hwy 50 from Jiffy Treet. This home is in a great location and has a lot to offer. Property includes a full unfinished basement, a 9'x13' shed with a 9'x13' add on and a 24'x26' two story barn. All with a low reserve/opening bid of $35,000.00. Auction ends with a soft close on Monday November 19th at 8PM. Any inspections must be completed prior to auction end. Property is being sold as-is. Showings are available by emailing EDSIndiana@gmail.com or calling 812-822-2508. This home will be open to the public on Sunday November 11th 2018 for an open house from 1-4. All bidding is done online. If you can't bid online absentee or phone bidding is available. Contact us for details if you need this service. This property will close by traditional title company closing at Title Plus in Bloomington IN. A preliminary title commitment will be available after November 5th 2018. Auction requires a deposit of $5000 within 72 hours of the close of the Auction. At that time a purchase agreement will be signed by the buyer and seller to guide all parties to closing. See Terms and Conditions for all details.