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$100.00 USD
Bid IncrementOnline Auction
Location:
Clay, Alabama, USASubject to an auto-extension of the auction end time.
Possible Bad Bid
27460-28
Used/See Description
The occupancy of this unit is unknown. The dwelling has some siding damage, wood rot and slight overgrowth.
The Birmingham-Shuttlesworth International Airport is a 13 minute drive and the Birmingham Downtown area is within 6 minutes, making this unit a good possibility for a short term rental.
The Birmingham Jefferson Convention Center, McWane Science Center, and the University of Alabama at Birmingham are within close proximity.
Buyer possession is usually 7-10 business days post closing.
Parcel Number: 22 00 23 2 027 003.000
Legal Description:
Metes and Bounds: LOT 5 BLK 210 NORTH BHAM
Remarks: 50 X 140
Lot Size: 0.16
Appraised Value: $32,600
Estimated ARV: $62,000
Monthly Market Rental Est: $1,130 monthly
Purchase price does NOT include closing costs. The law office which does our closings will issue a Settlement Statement which includes the closing costs (est. $1K) and any proration of current property taxes.
Payment/Terms: Payment accepted via wire transfer. We do not take PayPal, as they will no longer allow real estate transaction payments through them. Payment must be made by the winning bidder within 48 hours of close of auction, unless other arrangements are made.
Once all signed, completed paperwork is received a Quit Claim Deed will be prepared and recorded.
The land is being sold "as-is where-is, how is" with no warranties either expressed or implied. Your bid is a legal contract to purchase per auction terms and an acknowledgement that you have completed all due diligence before you bid. It is your responsibility to make sure the property suits your needs prior to bidding.
FREQUENTLY ASKED QUESTIONS:
Q. Do you have pictures of this property?
A. Any photos we have of the property are posted in the auction listing. Most listings include pictures from the surrounding area, but we may not have any actual photos of the property. If they are not in the listing, we do not have them. If we have a video of the property it can be viewed here: https://www.facebook.com/altaxsale/videos
Q. How do I get to this property?
A. Most of our listings include Aerial Maps showing the specific location of the properties. You should be able to locate the property from these maps. We recommend using a parcel identification app to ensure you have located and viewed the correct property. Pictures are added for the buyer's benefit, and are deemed reliable but not guaranteed.
Q. Who owns this property?
A. We own or work with everything we sell. We are real estate investors, not real estate brokers or agents.
Q. Should I look at the property prior to bidding?
A. Yes, we have not seen some of our properties and it is your responsibility to make sure this particular property suits your needs. We try to collect pictures of our listings, however do to volume not all properties have in person pictures.
Q. When do I get my deed to the property?
A. Once the full payment and closing documents are completed your deed will be recorded and assessed and you will receive finalized documents within 7 to 10 business days.
Q. If I have a question not answered in the listing, who do I need to speak to?
A. Questions on zoning, building restrictions, etc., can be answered by speaking with the local government agencies. Questions about the process and Alabama tax deeds can be directed to 205-235-1050.
All potential real estate bidders are reminded that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid.
By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence.
It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property. Buyers do so at their own risk. Property is sold as-is, where is, how is.
The Buyer Service Fee and full payment for the asset are due no later than two (2) business days from the time and date the auction ends.
The Buyer Service Fee and sales amount is to be paid electronically via the 'My Bids' page.
The winning bidder is required to provide the buyer's name and address for the deed to the seller on the same day the auction ends. This information is required by the seller to email the deed paperwork along with payment instructions.
Closing costs and mobile notary fees are included in the reserve price.
***SELLER TO PREPARE DEED DIRECTLY***
The winning bidder is required to provide the buyer's name and address to the seller via email on the same day the auction ends. This information is necessary for the seller to prepare the documents.
The seller will use this information to prepare the deed paperwork and send it for e-signature to the buyer..
Upon receipt of the signed papers, within 3-5 business days the seller will submit the quitclaim deed to the county to be recorded and send copies to the buyer.
The Seller will have the deed recorded in probate.
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NOTICE: If you are the winning bidder and default by failing to adhere to this seller's terms and conditions, your account with Liquidity Services WILL BE LOCKED.
Guaranty Waiver: All property is offered for sale “AS IS, WHERE IS, HOW IS.” (Seller) makes no warranty, guaranty or representation of any kind, expressed or implied, as to the merchantability or fitness for any purpose of the property offered for sale. Please note that upon removal of the property, all sales are final.
First time bidding? Please review our Terms and Conditions.
For further assistance please review our Frequently Asked Questions.