Terms and Conditions for Lien Auction
This document outlines the terms and conditions governing the upcoming lien auction. It is essential to thoroughly understand and agree to these terms before participating in the auction:
- Withdrawal Due to Full Payment: The auction may be withdrawn for any property if full payment is received before the auction concludes. In such cases, the property will be considered settled, and the auction process for that particular property will be terminated.
- Right to Accept or Reject Final Bids: The lien holder reserves the exclusive right to accept or reject any final bids placed during the auction. The decision of the lien holder is absolute and not subject to dispute. Each bidder will undergo vetting by the auction company.
- Payment Deadline: Successful bidders must make payment within 48 business hours following the auction's closing. Payment must be made in full via wire transfer or certified bank check. Failure to adhere to this deadline may result in the forfeiture of the bid and potential legal repercussions. A non-refundable deposit of $5000.00 will be billed to your credit card, with the balance due within 48 hours.
- Buyer's Premium: A 10% buyer's premium will be added to the final bid. Please refrain from bidding if you are unable to fulfill the terms of this auction.
- Acknowledgment and Agreement: By participating in this auction, all bidders acknowledge and agree to abide by the terms and conditions outlined herein. It is imperative for bidders to conduct thorough due diligence before placing bids.
These terms and conditions are binding for all participants in the lien auction. Any violation of these terms may result in disqualification and legal action. It is the responsibility of each bidder to carefully review and understand these conditions before participating in the auction.
Terms and Conditions for Lien Auction
This document outlines the terms and conditions governing the upcoming lien auction. It is essential to thoroughly understand and agree to these terms before participating in the auction:
- Withdrawal Due to Full Payment: The auction may be withdrawn for any property if full payment is received before the auction concludes. In such cases, the property will be considered settled, and the auction process for that particular property will be terminated.
- Right to Accept or Reject Final Bids: The lien holder reserves the exclusive right to accept or reject any final bids placed during the auction. The decision of the lien holder is absolute and not subject to dispute. Each bidder will undergo vetting by the auction company.
- Payment Deadline: Successful bidders must make payment within 48 business hours following the auction's closing. Payment must be made in full via wire transfer or certified bank check. Failure to adhere to this deadline may result in the forfeiture of the bid and potential legal repercussions. A non-refundable deposit of $5000.00 will be billed to your credit card, with the balance due within 48 hours.
- Buyer's Premium: A 10% buyer's premium will be added to the final bid. Please refrain from bidding if you are unable to fulfill the terms of this auction.
- Acknowledgment and Agreement: By participating in this auction, all bidders acknowledge and agree to abide by the terms and conditions outlined herein. It is imperative for bidders to conduct thorough due diligence before placing bids.
These terms and conditions are binding for all participants in the lien auction. Any violation of these terms may result in disqualification and legal action. It is the responsibility of each bidder to carefully review and understand these conditions before participating in the auction.
