517-263-8666   

      145 E Front Street,   Adrian, Michigan

 

 

 

 

         

 

 

TERMS & CONDITIONS ON THE REAL ESTATE

1. No Minimum opening bid.

2. It is illegal to discriminate against any person because of religion, handicap, race, sex, family status or national origin.

3. Earnest Money Deposit:  The successful bidder must deposit with Faust Real Estate, L.L.C/American Title Company the day of sale a cashiers check, certified check, personal check, or cash in the amount of $2,000.00.  This is a non-refundable deposit which will be forfeited by the Purchasers, if they cannot or do not proceed with the closing.  The deposit will apply to the purchase price at closing.

4. Closing:  At the conclusion of the bidding and the sellers confirm the sale, the successful bidder must sign purchase documents with Faust Real Estate, L.L.C.  The earnest money deposit will be taken at this time.  Closing to be on or before August 20, 2019.

5. Bidding:  Anyone of legal age and capacity may bid on this property including but not limited to the heirs of the estate, auctioneer, and real estate agents.

6. Title Insurance:  An owner’s Policy of title insurance will be provided to the Purchaser at Seller’s expense.

7. Taxes: Prorated to the date of closing considered paid in advance on a due date forward basis,  Lenawee County custom.

8. Terms:  Cash to seller at closing.

9. Possession:  At Closing.

10. Announcements made by the auctioneer sale day will take precedence over printed and/or oral statements. Information in this flyer and other printed materials have been obtained from sources deemed reliable but neither Faust Real Estate, LLC, Lyn Liechty Auctions, nor the titleholders or their representatives make any guarantee therein.  The property is being sold “AS IS, WHERE IS” condition with no expressed or   implied warranty of any kind.  The auctioneer, Faust Real Estate, LLC and the titleholders will assume that the buyers are relying on their own judgment and inspections regarding the property.

11. Property Code Number:  MD0-131-2770-00

12. S.E.V.:  2019 is $48,400.00 and Taxable is $31,614.00

13. Property Taxes: 2018 Summer = $355.46 and  2018 Winter = $588.10,    Homestead: 100%

14. No buyer’s premium will be charged.

15. THE FINAL BID IS SUBJECT TO IMMEDIATE SELLER CONFIRMATION OR REJECTION!

16. Faust Real Estate, LLC and Lyn Liechty Auctions are exclusive agents of the sellers.

17. There is NO Co-Broke fee available for this transaction.

18. Property is sold in its current “As-Is” Condition.