Auction Terms & Conditions AUCTION TERMS & CONDITIONS: Jarret Lee Davis Court Ordered Auction, Waldo, AR 71770
(Located near the Rosston Community)
Court Ordered Auction by authority of The United States Bankruptcy Court, Western District of Arkansas, El Dorado Division Jarrett Lee Davis Debtor, Case No. 1:22-bk-70559T, Chapter 7
All buyers MUST agree to these Terms & Conditions before placing bids. Please be sure to scroll down to read all Terms and Conditions. NO Buyers Premium for this auction,
BIDDERS: This Court Ordered Auction is an online only auction., meaning all bidding will take place online via the internet. There is no on-site bidding for this auction. Tracy Robinson Auctioneers and the Bankruptcy Trustee, highly recommends that potential bidders inspect this property in person or have a representative to do such, before placing your bids
INSPECTION DATE / TIME: Sunday February 5, 2023 from 2:00 P.M. until 4:00 P.M.
AUCTION STARTS ENDING Saturday February 11, 2023 at 3:00 P.M.
Please contact Tracy Robinson Auctioneers with any questions pertaining to the online auction bidding format at email@example.com or 870.489.3633
TERMS ON REAL ESTATE:
This auction is subject to the approval of the United States Bankruptcy Trustee, M. Randy Rice.
PAYMENT: 20% down at the conclusion of the auction with the balance due on or about 30 days at closing. Purchaser will receive a Trustee's Deed at closing. BUYER WILL PAY ALL CLOSING COSTS. NO Title Insurance will be provided by the Bankruptcy Trustee in this transaction. NO BUYERS Premium in this auction. Please Contact auctioneers if additional information is needed.
Tracy Robinson Auctioneers will require a credit card for bidder verification purposes only, nothing else in this process will you be asked of a credit card.
Auctioneer will contact the winning bidder via phone or email at the conclusion of the auction with detailed payment instructions.
Tracy Robinson Auctioneers, is providing this Internet Auction as a service to the Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall bidder have any kind of claim against Auction Company , Trustee or any others involved if the Hibid Auction / Internet Auction Service fails during the online auction process. Auction Company will not be responsible for any missed bids from any source.
However, Bidders can make certain their bids are acknowledged , with a Bid Max feature on the Auction HiBid site that allows proxy type bids in advance of the Auction ending.
This is an online only Auction, No Onsite bidding will take place.
Your bids placed on the Tracy Robinson Auctioneers Hi-bid website are a binding contract , as this is a Court Ordered Auction by the United States Bankruptcy Court.
Additional Terms of Sale:
1. Tracy Robinson Auctioneers attempts to describe the Real Property to the best of our abilityand make no representations or guarantees of fitness, merchantability of a this property. We highly recommend that you do your own inspection of the property.
2. YOUR BID IS A CONTRACT TO BUY should you be the winning bidder.
3.. All property is sold in "AS IS" condition with any and all faults.
4 By bidding on this property, the bidder shows acceptance of the terms of the auction.
5. All announcements made prior to the close of the Internet bidding take precedence over all writings and details.
SOFT CLOSE: If the property receives a bid within the last 3 minutes, then the close time will be extended 5 minutes from the time the bid is placed. The time will continue to be extended for 5 minutes with each additional newly placed bid and the item will not close until 3 minutes has expired with no additional bid activity. This makes the process most fair to all Buyers and Seller alike.
Your bid must adhere to the bid increment schedule.
Seller User Terms
Bidder User Terms