|Number of Bids:||11|
|It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:||$92,400|
|Your Bid Status:||Log in to view status|
|Auction Started:||06-27-11 08:00 AM ET|
|Auction Closed:||06-29-11 03:00 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:||$18,480 — See Instructions|
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.
Sold by the U.S. Marshals Service, which reserves the right to refuse any bid for any reason. Please see the document "General Terms of Sale" found in the due diligence area for further information. Bidders should conduct their own due diligence to determine value. The U.S. Marshals Service will not release the asset to the winning bidder until it has been confirmed that all funds have been received, including the initial bid deposit placed in order to bid on this asset. This may take up to ten (10) calendar days from receipt of the total bid amount.
The assets offered for sale by the United States Marshals Service are either seized by and/or forfeited to the United States under federal forfeiture laws. All Buyers of these assets must understand that the United States, and/or its agencies, agents, officers, employees, and/or assigns (hereinafter referred to as "Seller") has acquired the subject property through seizure and/or forfeiture, and has little or no direct knowledge concerning the title, nature, value, source, authenticity and/or any other aspect or characteristics of these assets.
THEREFORE, the Seller offers these assets for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of these assets. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone.
All information derived from third party sources, including but not limited to appraisals, is deemed reliable but not guaranteed.
All buyers are deemed to have relied entirely on their own information, judgments and inspections of the assets in making the decision to purchase the asset.
In addition, all Buyers must agree to release and hold harmless the Seller from any and all demands, rights and causes of action, arising from, or to arise from, or by reason of, the Government's seizure, forfeiture, ownership, possession, management, use, sale and/or transfer of these assets.
This property will be available for inspection one time only on Thursday, June 23rd between the hours of 9:00 AM and 11:00 AM ET. Please contact [email protected] to schedule an appointment (please include name, telephone number, requested appointment time, and reference auction ID # 499631). Appointments must be scheduled before 12:00 p.m. ET on June 22nd. You will receive a confirmation email confirming your appointment and the inspection location. Inspection will take place BY APPOINTMENT ONLY.
The successful bidder has 24 hours following the close of the auction to sign a Purchase Agreement. The successful bidder has 7 business days to complete the transaction by certified check to the U.S. Marshals Service. The U.S. Marshals Service will not release the asset to the winning bidder until it has been confirmed that all funds have been received, including the initial bid deposit placed in order to bid on this asset. This may take up to ten (10) calendar days from receipt of the total bid amount .If the successful bidder does not perform, the bidder will forfeit his/her/its Bid Deposit to the U.S. Marshals Service. The successful bidder has 10 business days to transfer the asset from the USMS location and will bear the costs and responsibility for the transfer of this asset.
For assistance, please contact Bid4Assets’ Customer Service team at [email protected] or 877-427-7387.