COURT ORDERED ESTATE AUCTION; Selling For Division
8 ACRES± & 5 ACRES± OF UNDEVELOPED LAND ABUTTING NEW BY-PASS
Bob Wade Lane · Huntsville, Alabama (Madison County)
ONLINE ONLY Bidding Closes Thursday, July 28th · 7 PM
Subject to Madison County Circuit Court Approval; Case #CV-2021-901129.00
The Estate Of Dorothy Lee Eldridge
Progress is in process and these parcels are fortunately right in the middle!!!! These 8 Acre± & 5-Acre± tracts are located on each side of the future by-pass that is already being constructed. This is a superb opportunity to prepare for the growth about to transpire. These tracts are already convenient to Memorial Parkway & the Toyota plant. Don't miss out!
Lot 1 consists of 8.36 mostly wooded acres± on Bob Wade Lane.
Lot 2 consists of 5.10 partly open acres± with some woods on Bob Wade Lane.
AUCTION NOTES
· This is an ONLINE auction only.
· Selling For Division. Auction results are subject to Madison County Circuit Court approval; Case #CV-2021-901129.00.
· A 10% Buyer's Premium will be added to the highest bid price to arrive at the final purchase price.
· A 20% deposit (escrow money) of the total purchase price will be retained within 24 hours of auction with balance due on or before thirty (30) days or (5) days following court approval, whichever is later..
· 8-Acre± Tract & 5-Acre± Tract will be conveyed by survey description.
· No Broker Participation will be available for this auction.
NOTE: It is very IMPORTANT that every Bidder read and understand the terms & conditions BEFORE bidding (either online or LIVE). Each Bidder is solely responsible for inspecting this property BEFORE bidding (property is sold AS IS, WHERE IS).
We strongly encourage all bidders to inspect/ask questions regarding this potential purchase.
This auction will be conducted by Fowler Auction & Real Estate Service, Inc.
Mickey Fowler, CAI, CES, AMM, AARE; ALSL466, TNSL1442, TNFIRM2315, GASL1394
Daniel Culps, CAI; ALSL5070, TNSL5890
8719 Highway 53 · Toney, AL 35773
(256) 420-4454 · www.fowlerauction.com
Selling for division. Auction results are subject to Madison County Circuit Court Approval; Case #CV-2021-901129.00.
Real Estate: A 10% Buyer's Premium will be added to the highest bid to arrive at the final purchase price. A non-refundable deposit of 20% (escrow money) of the total purchase price is required within 24 hours of the auction's closing. The remaining balance shall be paid at closing, which will occur within thirty days (30) of auction date or five (5) days following court approval, whichever is later . All closing and settlement fees, including but not limited to surveys, inspections, reports, title insurance, any/all ad valor em taxes due are the Buyer's responsibility.
A Fowler Auction representative will contact the winning bidder(s) Friday morning, to arrange a meeting time/place to sign the contract and secure the non-refundable 20% deposit.
NOTE: The undeveloped real property will be conveyed by survey descriptions and the brick home will be conveyed by deed description.
If for any reason the Buyer fails to make full payment in accordance with the terms above, the Buyer will be liable for the unpaid balance still due and owing, plus interest in the amount of twelve percent (12%) per annum from the auction date and reasonable attorney fees and expenses for collection as a result of said default.
SERVER, SOFTWARE TECHNICAL OR INTERNET ISSUES: In the event there are technical difficulties related to the server, software, or any other online auction-related technologies, reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR FOWLER AUCTION & REAL ESTATE SERVICE, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Fowler Auction & Real Estate Service, Inc.
Disclaimers & Absence of Warranties:
* Homes may contain lead-based paint. Prospective Buyers may inspect ten (10) days prior to auction date at the sole expense of the prospective Buyer.
* Information contained herein believed to be accurate but not guaranteed by Fowler Auction & Real Estate Service, Inc.
* In all transactions, the Auctioneers are acting as agents for the Seller only.
* Property will be sold 'AS IS, WHERE IS' with no guarantees, expressed or implied, by Fowler Auction & Real Estate Service, Inc.
* All decisions of the Auctioneers are final.
Fowler Auction & Real Estate Service, Inc. reserves the right to reject any and all bids for any reason prior to the close of bidding.
Fowler Auction & Real Estate Service, Inc. reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding.
Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Fowler Auction & Real Estate Service, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Fowler Auction & Real Estate Service, Inc. reserve the right to preclude any person from bidding if there is any question as to the person's credentials, mental fitness, etc.
Bidder responsibilities include, but are not limited to: Bidders agree to keep his/her username and password confidential as each individual is responsible for ANY and ALL activity involving his/her account. If your USER NAME is offensive to Fowler Auction & Real Estate Service, Inc., then we reserve the right to terminate your bidding.
When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges. Auction company employees and/or auction company may bid on this auction. We gather aggregate information from this web site which may include but is not limited to: number of page visitors, most visited pages, any and all correspondence.
DEFAULT: If purchases are not settled by the specified closing/pick up day, it will be considered in default. Upon default the bidder will be black listed/blocked from bidding on Fowler Auction & Real Estate Service, Inc.'s auctions, as well as MarkNet Alliance auctions and may be charged 10% of bid price or $500, whichever is greater. All defaulted items may be offered to the next highest qualified bidder at the discretion of Fowler Auction & Real Estate Service, Inc.
Any dispute between Fowler Auction & Real Estate Service, Inc., its Agents or Representatives, and the Buyer(s) will be tried in a court of jurisdiction in Madison County, Alabama (or county designated by Fowler Auction). By bidding on the property, buyer agrees to all terms and conditions set forth.
Buyer and or Bidder agrees to hold harmless and indemnify Fowler Auction & Real Estate Service, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
Conducted By
Fowler Auction & Real Estate Service, Inc.
(256) 420-4454 · www.fowlerauction.com