LIVE AUCTION BIDDER REGISTRATION AND DOWNPAYMENT REQUIREMENTS Cashier's check, certified check (made payable to yourself) in the amount of $5,000.00 must be shown at registration. The high bidder will turn the certified funds shown at registration over as part of your deposit; if you are not the high bidder; simply re-deposit your check back into your bank account. An escrow deposit of 10% of the contract price is required of the winning bidder at the conclusion of the auction. The balance of your deposit may be paid with a personal or business check. The minimum deposit is $5,000.00 ON-LINE AUCTION BIDDER REGISTRATION AND DOWNPAYMENT REQUIREMENTS Registration to bid requires a deposit made by credit card authorization in the amount of $2,000.00 to be held at registration. If you are the high bidder, you will turn the $2,000 received at registration over as part of your deposit; if you are not the high bidder; funds will be credited back to your credit card account. A down payment escrow payment of 10% of the contract price is required of the winning bidder at the conclusion of the auction in cash, personal, business check or cashier’s check. The minimum deposit is $2,000.00. ON-LINE AUCTION END OF SALE PROCESS Immediately after the bidding ends the auction company will contact you by phone and email to confirm and congratulate you on being the winning bidder. We will make arrangement for you to deliver in person or overnight mail the down payment and the signed contract to us. Contracts are signed and the down payment is made at the close of the auction. Your failure to sign contracts and make the 10% deposit immediately at the conclusion of the auction will forfeit your winning bid status. Any winning bidder that fails to complete the signing and down payment requirements will be charged a $2,500 non-refundable Internet Service Fee on their credit card. ADDITIONAL TERMS FOR PROPERTIES A 10% Buyers Premium will be added to the final bid and included in the contract price. A published "suggested opening bid" and "opening bid" auction is sold with reserve and subject to seller confirmation. Seller will furnish deed, free and clear of liens. Seller to provide title insurance, transfer tax, and prorated property taxes based on where property is located. Buyer and Seller will split the title office closing fee OTHER This auction is conducted by BippusUSA.com acting as auctioneer/listing real estate broker. BippusUSA.com is solely responsible for the terms and conditions of the auction and the manner in which it is conducted. Announcements made sale day or sale ending day take precedence over previously disseminated material. Listing may be withdrawn or modified without notice at any time. All rights reserved.
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