Auction: 15 Rental Properties
Court-Authorized, Chapter 13 Bankruptcy Auction

his 15 property portfolio will be offered in a court authorized chapter 13 bankruptcy auction. Bidding for this portfolio starts on Thursday, May 17, 2018 at 12:00 pm. Bidding will be online only at SVNauctions.com. The 15 properties first be auctioned individually starting on Tuesday, May 15th. After the bidding has ended on all individual properties, the 15 properties will be auctioned on a combined basis for one bid with the starting bid set at the combined high bid amount plus $10,000 and will be open for 3 business hours following the close of the auction for the individual properties. If the combined bid exceeds the individual bids, the high bidder on the combined basis will be considered the high bidder. Otherwise, the individual bidders will be considered the high bidders. The high bidder(s) will be required to sign the auction purchase and sale agreement(s). The properties are being sold subject to the bankruptcy court approval. Approval by the court may take up to 30 days. All offers by the high bidders will be open for approval for 30 days following the auction. Buyers will be required to close within 30 days of approval by the bankruptcy court. In the event that the bankruptcy court does not approve the high bids, all earnest money will be returned to the high bidders. All inspections must be completed prior to bidding. Please contact Bob Smith, 760-677-5885 [email protected] to schedule property inspections. All properties will be sold ''AS IS, WHERE IS'' with no warranties whatsoever from seller, broker, auctioneers and their agents. Please visit the auction website at SVNauctions.com for complete terms and conditions and to register to bid.
Online bidding only May 15-17
Properties offered separately and combined
10% buyers premium
See Auction Website for more info
15 properties in Kern County, CA
10% down, close 30 days after court approval
Buyer agents welcome
www.svnauctions.com
Asking: $5,000
Address: 1336 2nd Street
Ridgecrest & Inyokern, CA
93556
 
John Johnson
SVN Interstate Auction
404-303-1232 ext 12
[email protected]
www.svnacceleratedsales.com
Lic#: GAL#1966