Real Estate > Residential > Land > # 852582

Lot 2713: 1028-1030 W Colfax Ave, South Bend, IN 46616 - Assessed @ $136K

Seller Name:	OvationREO
Rating:	(12)
Location:	1028-1030 W Colfax Ave South Bend, IN 46616 United States

Number of Bids:	0
It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:	$500
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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:	Not Met!
Status:	Closed
Auction Started:	03-26-19 08:00 PM ET
Auction Closed:	04-02-19 03:00 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:	Private Auction
Deposit Required:	$0
Page Views:	178

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Asset Information

Item Specifics - Land Properties

Land Properties
Address	1028-1030 W Colfax Ave South Bend, IN 46616 United States
County	ST. JOSEPH
Parcel Number	018-1041-1800
Lot Size	9702 sq. ft

Asset Description

Additional Terms of Service

A bid shall constitute a binding contract with the following terms. (1) All property is sold “AS IS” CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, where is, with no warranties expressed or implied. (2) No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding the property. (3) All sales are made with the understanding that the buyer cannot rely on any other representation, warranty, or guaranty made by anyone. (4) Buyer is deemed to have relied entirely on their own information, judgments, and inspection of the assets (including the verification of any outstanding back taxes, encumbrances, or liens).

Settlement Requirements

The winning bidder will pay a $375 fee for deed preparation, transfer tax, and recording costs in addition to their winning bid amount. Winning bidder is responsible for all liens, encumbrances, and back taxes. A quitclaim deed will be given at time of settlement. Payment is due in full within 4 calendar days of the close of the auction. Recording may take up to 14 business days, once wired funds are received. Seller accepts payment via wire ONLY.

Payment Type

Wire Transfer

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.