Grove Park/Liberty Square, 63 Townhomes, Ypsilanti Twp

Due Diligence

Seller Name:	Washtenaw County Treasurer
Rating:	Not Applicable
Location:	YPSILANTI, MI 48198

Asset was sold for $15,200

Number of Bids:	52
This is the final amount the asset was sold for. Winning Bid:	$15,200
Winner:	Z***3
It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:	$350
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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:	10-26-10 10:00 AM ET
Auction Closed:	10-27-10 03:06 PM ET
Bid Increment:	$100
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:	$0
Page Views:	19049

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Asset Information

Item Specifics - Parcel Information

Parcel Information
Address	YPSILANTI, MI 48198
Update Message	The Charter Township of Ypsilanti has condemned as uninhabitable all 63 of the condominium units for sale. The Washtenaw County Treasurer may require from the winning bidder a cash performance bond of equal to or greater than $126,000 to demolish the units or to bring them into compliance with the requirements of the Charter Township of Ypsilanti.
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Legal Description	Click Here
Community	Ypsilanti
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All Seller-Related Due Diligence

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

County Terms Of Sale <font color=red>UPDATED 10/25</font>

Asset Description

Settlement Requirements

Credit Card

Cash

Payment in full to the Washtenaw County Treasurer by Wire Transfer, Certified/Cashier's Check, Bank Money Order, credit card or cash is required no later than 5:00 PM ET on the day after the sale of the successfully bid upon auction (within one business day of the close of the auction). If the payment policy is not adhered to, the successful bidder may be banned from future sales for five (5) years.

The Washtenaw County Treasurer may require from the winning bidder a cash performance bond of equal to or greater than $126,000 to demolish the units or to bring them into compliance with the requirements of the Charter Township of Ypsilanti. This performance bond is in addition to the winning bid amount and must be paid in cash or certified funds at the time of settlement. It will be set aside in escrow for the specific purpose of meeting the Township's requirements.

Payment Type

Certified/Cashier's Check
Wire Transfer
Money Order