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| Parcel Information | |
|---|---|
| Address | CA |
All property is sold as is, where is, with no warranties expressed or implied. It is the duty of prospective buyers to research properties to their satisfaction prior to bidding, and a bid shall constitute a binding contract, in which the buyer is agreeing to abide by the Terms of the Auction. COMMUNITY INVESTMENT & DEVELOPMENT LLC (“Seller”) is a Third Party Beneficiary to the Bid4Assets Terms of Service (pursuant to paragraph 3.3(f), as amended from time to time), and your bidding on this auction is your further agreement: (i) that the auction is governed by and construed in accordance with the laws specified in the Bid4Assets Terms of Service (Section 5.10, as amended from time to time), that you will submit to that jurisdiction, and that jurisdiction is the only place a legal action may take place; (ii) that Seller may take any legal action to enforce the contract between the Bidder and Seller; (iii) that you, the Bidder, will be responsible for all costs and expenses, (including legal expenses and court costs) in enforcing the agreement; and (iv) that notwithstanding any limitations of liability between the Bidder and Bid4Assets, you agree to these Additional Terms of Service.
This auction requires that the winning bidder pay a Buyer's Premium of 10.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction).
This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.
Some sellers buy large "pools" of under-valued properties from banks. The seller may not inspect every property prior to sale. The seller represents these properties to the best of their knowledge. In some rare cases, property may have severe damage or be subject to county/city orders not described in the auction. 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.
Bid4Assets reminds all potential real estate bidders 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. Necessary due diligence items may include, but are not limited to,
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. Please contact Bid4Assets if you believe that a seller is intentionally misrepresenting a property in their auction.
This is a Bid and Assume auction. You are bidding on the down payment and assuming a balance on a payment plan as specified in the auction. Please carefully read all terms in this auction BEFORE you bid.
