BIDDER REGISTRATION and DOWNPAYMENT REQUIREMENTS, for ON-SITE AUCTIONS, BID by PHONE, and ABSENTEE: A cashier’s check, certified check cash or money order made payable to yourself in the amount of $1,000.00 must be shown at registration ( but not tendered .) ± An escrow deposit of 10% of the contract price is required of the winning bidder at the conclusion of the auction. ± $1,000.00 of that amount is payable in cash or certified funds for each property purchased . ± If you are the high bidder, you will turn this check over as part of your deposit; if you are not the high bidder; simply re-deposit your check back into your bank. ± Balance of deposit may be paid with personal or business check. ± Minimum deposit is $1,000.00. ± ON-LINE BIDDING: There is no fee to register although a valid credit card will be required to verify identity and funds. At the conclusion of the auction the Successful Winning Bidders (Buyer) must make a 10% ($1,000 MINIMUM) non-refundable down payment per property within 24 hours of the auction. Electronic wire funds, and cashier checks sent overnight mail, direct bank deposit (a 5/3 Bank deposit slip is available upon request). These are the only forms of payment accepted. The balance of the purchase price and all closing costs are due within 30 days. Purchase documents are provided for execution with the Property Information Package. Buyer shall have two (2) days following the auction to return all completed documents or shall be subject to paying a liquidated damages amount equal to the down payment. In the event the winning bidder fails to make the required downpaymnet and or execute the required contracts FOR ANY REASON they herby authorizes the auction company to charge said fee to the credit card provided at registration. If you wish to have the purchase documents reviewed by an attorney, please contact Auctioneer PRIOR to the Auction. The contract and terms of the auction are not subject to negotiation. ADDITIONAL TERMS FOR PROPERTIES A 10% Buyer’s Premium will be added to the final bid and included in the contract price as shown on an addendum or acknowledgement form. ± A published “suggested opening bid” and “opening bid” auction is sold with reserve and subject to seller confirmation. ± Seller will furnish deed, free & clear of liens. ± Seller to provide title insurance, transfer tax. ± Buyer pays the title office closing fee. ± Listing may be withdrawn or modified without notice at any time. OTHER This auction is conducted by BippusUSA.com acting as auctioneer/listing agent BippusUSA.com is solely responsible for the terms and conditions of this auction and the manner in which it is conducted. ALL REGISTERED BIDDERS ACKNOWLEDGE THAT THEY ARE ENTERING INTO A BINDING CONTRACT. THERE ARE NO REFUNDS OR BID CANCELLATIONS. AN ON-LINE BID ACCEPTED AT PUBLIC AUCTION IS A LEGAL AND BINDING CONTRACT TO PURCHASE.
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