Terms of sale for Purchase at Auction

All bidding is open to the public.  You must, however, be registered and get a bidder number before you bid on the property.  Bidder registration will begin one hour before the sale.  Please come early to avoid delay.  You will need a cashier's check in the amount of $30,000.  The cashier's check should be made payable to yourself.  Once your cashier's check has been examined and approved, you will be issued a bidder number.  The successful high bidder on the property will be required to sign a sales agreement immediately upon the conclusion of the bidding and a deposit a total of 10% of the bid price as earnest money.  Personal checks will be accepted for the additional earnest money.

FINANCING:  Seller has agreed to offer financing to the highest bidder as such: 20% down payment at closing with the balance payable monthly at 8% per annum, amortization term of 20 years, with the entire balance due 5 years from date of closing.