A Limited Partnership's interest in valuable real property.is being auctioned significantly under its true value by public auction based upon the procedures of the California version of the Uniform Commercial Code. 1900 acres in Riverside County, California designed for residential development and previously appraised at $10,000,000. Auction is being carried out by a California attorney in good standing working in conjunction with Bid4Assets.com
Property can be used for residential and tract development. The Riverside County Assessor values the lots at just under $2,000 per acre - the property is 1,900 acres.
CLICK HERE TO VIEW 5 EXHIBITS FOR THE PROPERTY, which includes the bankruptcy court documents, an email regarding ownership, a copy of the grant deed, the judgment, and charging order.
CLICK HERE TO VIEW LEGAL DESCRIPTION OF PROPERTY
CLICK HERE TO VIEW PROPERTY PROFILES AND MAPS (FIRST HALF)
CLICK HERE TO VIEW PROPERTY PROFILES AND MAPS (SECOND HALF)
CLICK HERE TO VIEW A LIST OF APNs
CLICK HERE TO VIEW A PARCEL MAP
The successful bidder has 2 business days following the close of the auction to sign a Purchase Agreement. The successful bidder has 15 calendar days from the auction's close to complete the transaction. Settlement will be handled by the Orange, CA office of Provident Title. The successful bidder's deposit will be non-refundable and will be forwarded along to Provident Title to be placed in escrow for settlement. The successful bidder will be required to cover any closing costs.
All property is sold as is, where is, with no warranties expressed or implied. It is the duty of prospective buyers to research properties to their satisfaction prior to bidding, and a bid shall constitute a binding contract, in which the buyer acknowledges they have done a satisfactory level of due diligence and they agree to abide by the Terms of the Auction.