Real Estate > Residential > Land > # 490722

1 Vacant Residential Lot-SHAY LAKE-Michigan-No Buyers Premium

Seller Name:	GreenGooseInc.
Rating:	(53)
Location:	Silverwood, MI 49854

Final Bid:	$26
Number of Bids:	3
It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:	$1
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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:	Closed
Auction Started:	01-23-11 07:00 PM ET
Auction Closed:	01-26-11 12:15 PM ET
Bid Increment:	$25
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:	Private Auction
Deposit Required:	$0
Seller defines cost for shipping fees. Shipping Cost:	$0
Page Views:	12928

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Asset Information

Item Specifics - Parcel Information

Parcel Information
Address	Silverwood, MI 49854 United States

Land Properties
County	Tuscola
Legal Description	Lot 58 Shay Lake
Parcel Number	005-013-510-5800-00
Lot Size	6250 acres
Annual Taxes	$50.00
Amenities	Lake,
Zoning	Res. Vac.

Asset Description

Payment Type

Certified/Cashier's Check
Wire Transfer
Money Order

PLEASE READ CAREFULLY- Bid4Assets Real Estate Buyer Responsibilities

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,

A satisfactory inspection of the property
Completion of a title search
Investigating back property taxes and
Other - liens and encumbrances such as unpaid utility bills.

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.