16 ABSOLUTE PROPERTY AUCTION. NO MINIMUM. NO RESERVE. THURSDAY, OCTOBER 13TH AT 5:30PM. AUCTION HELD AT RAMADA DOWNTOWN NORTH (ZORN AVE). Auction Conducted by Elizabeth Monarch, Auctioneer with Auction Solutions, LLC. TERMS & CONDITIONS: A 10% Buyers Premium will be added to the winning bids to determine the final contract selling price for the property. Buyer shall make a non-refundable deposit at the conclusion of the auction of 15% of the total purchase price in the form of cash, certified check, cashier's check, or good personal check secured by purchaser's personal demand note payable to RE/MAX Associates. Balance to be paid upon delivery of a special warranty deed on or before November 14, 2011. Time is of the essence in the purchase agreement. Taxes and rents to be prorated to date of closing. The property is being sold as is with no warranty. All properties are subject to prior sale. Possession with deed subject to current leases. Should buyer obtain a mortgage loan, the buyer shall pay the attorney's closing fee. Should the buyer pay cash at closing, the closing fee shall be divided equally between the buyer and seller. SELLER shall pay for deed preparation and transfer tax. The closing of this property shall be with Joseph Maloney, Maloney Law Office, 200 S 5th St. Louisville, KY 502-581-0153. In Cooperation with RE/MAX Associates. Buyer is to verify lot size, restrictions, floodplain, and taxes. Auctioneer/Broker/Seller will not be liable for this information. All risks of loss with respect to the property shall remain with SELLER until the closing and delivery of deed. Buyers shall rely entirely on their own judgment and inspections of property records. Announcements made day of auction take precedence over all printed materials.
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