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Ranch Style House, Singlewide Mobile Home and Approximately 1.1 Acre of The Late Stanley Vasco Thomas Jr at Absolute Online Estate Auction
Listing ID#: 1514418
Auction Location |
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London, KY 40741 |
Auction Dates and Times |
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Bidding Ends: Monday Jun 5 |
Auction Type |
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Online Auction VIEW ONLINE CATALOG |
Company Information |
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Ford Brothers Inc, Auctioneers Contact: Tyler Mounce Phone: (606)-679-2212 Email: auction@fordbrothersinc.com Website: https://www.fordbrothersinc.com/ GoToAuction.com ID#: 4747 View company information and listings |
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Listing Information |
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ABSOLUTE ONLINE ESTATE AUCTION THE LATE STANLEY VASCO THOMAS JR. HOUSE, MOBILE HOME AND APPROXIMATELY 1.1 ACRE BIDDING ENDS JUNE 5, 2023 – 6:00 P.M. WILLIE CHEEK ROAD, LONDON, KY
DIRECTIONS: From the intersection of Hwy 80 (East Laurel Road) and Hwy 192in London, KY, follow Hwy 80 East (East Laurel Road) approximately 8.2 mile and turn on Hwy 1803 (Blackwater Road). Proceed 1.1 mile and turn onto Willie Cheek Road and continue for 0.9 mile to the auction site. Auction signs are posted. DESCRIPTION: HOUSE, MOBILE HOME AND APPROXIMATELY 1.1 ACRE - 1235 WILLIE CHEEK ROAD, LONDON, KY This property consists of approximately 1.1 acre located on Willie Cheek Road, improved by a ranch style home. Improvements include 3 bedroom 1 bath, kitchen and living room. Other amenities include 1999 Singlewide mobile home, 1 wood outbuilding and 1 insulated metal panel outbuilding, city water, Jackson Energy electric and blacktop road frontage. This would make an excellent investment or a great starter home. PREVIEWS: May 30, 2023 and June 5, 2023 – 4:00 to 6:00 p.m. PICKUP: June 6, 2023 – 12:00 noon to 6:00 p.m.
REAL ESTATE TERMS:
Buyer's Premium: There will be a 10% Buyer’s Premium added to the winning bid to determine the final sale price. PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT. PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED THE CONTRACT FOR SALE OF REAL ESTATE, DO NOT BID. AUCTION TIME: Bidding ends June 5, 2023 - 6:00 p.m. Ford Brothers, Inc. Real Estate Online Auctions are timed events and all bidding will close at specified time. Ford Brothers, Inc. Real Estate Online Auctions also have an auto extend feature. If a bid is placed in the final 5 minutes of an auction, the auction ending will be automatically extended 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:05.The auto extend feature remains active until no further bids are received within a 5 minute time frame. SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Ford Brothers, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor FORD BROTHERS, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Ford Brothers, Inc. REAL ESTATE TERMS: 20% of the total sale price down as a non refundable earnest money in the form of a certified check, cash or wire transfer within 48 hours of the close of auction. We do not accept a credit card for down payment. The balance of purchase price is due at closing, said closing to be within 45 days of close of bidding. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Contract for Sale of Real Estate. This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Contract for Sale of Real Estate. GOOD INSURABLE GENERAL WARRANTY DEED AT CLOSING. BUYER’S PREMIUM: There will be a buyer’s premium of 10% added to the bid price to arrive at final purchase price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000. AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and 20% earnest money deposit, the winning bidder will be charged a penalty fee of $5,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Ford Brothers, Inc. and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Ford Brothers, Inc. reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale. Any dispute between Ford Brothers, Inc, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Laurel County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth. Acceptance of Bid Prices: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Ford Brothers, Inc. will e-mail documents to be executed and said documents should be faxed or e-mailed back to Ford Brothers, Inc. within 48 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money deposit within 48 hours will be considered in default. Any and all inspections that a buyer may want must be done at buyer’s expense prior to the close of the online bidding. Ford Brothers, Inc.'s Agents, Representatives or Employees may bid. Real Estate Taxes and Closing Cost: All real estate taxes will be prorated for 2023. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan. Easements: Subject to any and all easements of record, including road easements and utility easements Zoning: This property is subject to all state and local zoning ordinances. Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Ford Brothers, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Ford Brothers, Inc. reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.
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