|Seller Name:||Bank Owned M&A|
|Location:||Lenoir, NC 28633|
|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:||$54,000|
|Your Bid Status:||Log in to view status|
|Auction Starts:||03-23-09 08:00 AM ET|
|Auction Closes:||03-25-09 02:30 PM ET|
|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|
|Deposit Required:||$5,000 — See Instructions|
|This fee is added to the winning bid amount and covers the costs associated with the auction. The buyer's premium percentage is indicated on the auction listing and displayed during the bid process. See the Settlement Requirements section of the auction for more details on the Buyer's Premium. Buyer's Premium:||4.0%|
To bid on this auction, all bidders are required to become qualified by placing a deposit. The deposit of the winning bidder is automatically transferred to the seller at the end of the auction. If the winning bidder fails to perform on any auction, the entire BidDeposit will be forfeited to the seller. Non-winning bidders' deposits are refunded within (10) ten business days after the close of the auction. This deposit cannot be applied to other auctions. To find out more about the BidDeposit requirement, click here.
This auction requires that the winning bidder pay a Buyer's Premium of 4.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction).
This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.