Tangipahoa Parish, LA Sheriff Sale: HIGHWAY 190 EAST

Due Diligence

Seller Name:	TangiSheriff
Rating:	Not Applicable
Location:	HIGHWAY 190 EAST HAMMOND, LA 70401

Asset was sold for $163,750

Number of Bids:	3
This is the final amount the asset was sold for. Winning Bid:	$163,750
Winner:	D***9
It is the floor at which bidding begins. Our system cannot accept a bid lower than the upset price amount. Upset Price:	$126,334
Your Bid Status:	Log in to view status
It is the minimum dollar amount a Seller is willing to accept for an auction. This amount is not disclosed on the Web site, but bidders are notified once the reserve price has been met. Auctions with no reserve price are labeled as "No Reserve" on the auction listing. Reserve:	No Reserve!
Status:	Sold
Auction Started:	06-12-24 11:00 AM ET
Auction Closed:	06-12-24 01:00 PM ET
Bid Increment:	$250
It is an extension of the auction close time and keeps an auction open as long as there is active bidding. It occurs automatically when a bid is placed within the last few minutes of an auction. The auction will remain open until an entire overtime increment has passed without any bidding. The overtime increment is indicated on the auction listing. Overtime Period:	5 minutes
Source:	Government
Deposit Required:	$1,000 — See Instructions
Page Views:	185

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Asset Information

Deposit Requirement

A single $1,000.00 deposit is required to participate in the 06-12-2024 Tangipahoa Parish Sheriff sale.
Deposits must be received by Bid4Assets no later than 4:00PM ET (1:00 PT) Wednesday, June 5th
Click here to place your deposit.

Disclaimers

Tangipahoa Parish Sheriff's Office retains the right to reject any and all bids for any reason.
Tangipahoa Parish Sheriff's Office may withdraw this property from the auction at any time before or during the sale.
Tangipahoa Parish Sheriff's Office reserves the right to cancel the sale of a property at any time prior to the issuance of the deed.

Item Specifics - Parcel Information

Parcel Information
Parcel Number	Lot 2
Address	HIGHWAY 190 EAST HAMMOND, LA 70401

Other Properties
Parish	Tangipahoa Parish
Attorney	A BRADLEY BERNER ATTORNEY AT LAW
Debt Amount	$4,987,664.98
Defendant	ALACK REFRIGERATION COMPANY INC., ALACK PROPERTIES, L.L.C., S R E CULINARY EQUIPMENT AND SUPPLIES L.L.C., LOUIS J. ALACK AND RUTH G. ALACK
Plaintiff	FIRST GUARANTY BANK
Township	TANGIPAHOA
CourtCase	2023-0004745 D LOT 2
Address	HIGHWAY 190 EAST, HAMMOND LA 70401
Appraised Value	$0.00
Property Description	LOT 2: That certain piece or parcel of land being all of Lot 2 of the Amended Final Plat of Alack Business Park, a subdivision of a portion of the East Half of the Southwest Quarter of the Southeast Quarter of Section 19, Township 6 South, Range 8 East, Greensburg Land District, City of Hammond, Tangipahoa Parish, Louisiana, more particularly described as follows: Commencing at an existing 1 1/2" iron pipe at the southeast corner of said east half of the southwest quarter of the southeast quarter; thence N89"35'44"W a distance of 330.72 feet; thence north a distance of 947.74 feet for a point of beginning; thence continuing north a distance of 330.00 feet to the south right of way line of U.S. Highway 190; thence easterly along said right of way line on a curve to the left an arc distance of 107.20 feet, said curve having a radius of 2292.14 feet and a chord with a bearing of N88"54'46"E and a length of 107.19 feet; thence south a distance of 332.03 feet; thence west a distance of 107.17 feet to the point of beginning. The above described parcel contains 0.81 acre and is subject to all servitudes, restrictions, and other matters that may be of record.

All Seller-Related Due Diligence — (View Related Auctions)

The due diligence items below apply to all related auctions from this seller.

General Sale Information

Terms of Sale

Asset Description

End of Auction
After the close of the final auction of the day for this seller, all winning bidders are sent detailed instructions via e-mail on settlement procedures and how to provide the necessary deed transfer information.

The seller requires that the winning bidder submit the deed transfer information to Bid4Assets within 2 days of the close of auction.

Bidding Requirements

To bid on this auction, all bidders are required to become qualified by placing a deposit. The deposit of the winning bidder is automatically transferred to the seller at the end of the auction. If the winning bidder fails to perform on any auction, the entire BidDeposit will be forfeited to the seller. Non-winning bidder deposit refunds are mailed within ten (10) business days after the close of the auction. This deposit cannot be applied to other auctions. To find out more about the BidDeposit requirement, click here.

Settlement Requirements

Purchaser shall pay the balance of the winning bid price (accounting for the $1,000 deposit) by 4:00 PM CT / 5:00 PM ET on the first business day after the Auction. Payments shall be made to Bid4Assets in accordance with post-auction instructions. No exceptions will be made. If the payment policy is not adhered to the winning bidder will forfeit their deposit and may be banned from future sales.

The exact settlement cutoff date and time will be listed in the Deed Wizard settlement process after the close of auction(s).