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If
you care to be a spectator only, you are more than welcome.
If you intend to be an active bidder please note Auction
Deposit Requirements, below. |
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| Auction
Deposit |
To
obtain a bidding number, every bidder MUST present.
A
Cashier’s Check in the amount of $10,000
Made Payable to: The Piatelli Co Trust Account.
Drawn on a California Bank (No Personal Checks Please)
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| Terms
of Sale |
All Cash at close of thirty ( 30 ) day escrow.
Buyer
to obtain own financing. Financing Is NOT a contingency. |
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| Seller
will provide all financing to a qualified buyer after
a 20% down payment. Balance of loan will be carried by
Seller. Payments amortized over 30 years. Note will be
all due and payable at the end of 5 years. A small buyers
premium may be required. |
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| Escrow |
Closing
Costs will be split 50% - 50% by Buyer and Seller. |
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| Deposit
Receipt, Preliminary Title Report, and Other Reports |
| Deposit
Receipt Preliminary Title Report, all reports. At close
of auction, high bidder must sign and approve Deposit
Receipt and the Preliminary Title Report. Nothing else
will be required to close escrow. |
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Good
Title Guarenteed / Title Insurance |
| 1st
American Title will issue a Policy of Title Insurance
to the new buyer insuring the property to be free of
all monetary liens. Title Insurance will be paid for
by the Seller. |
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| As
Is |
| Property
is being SOLD “AS IS", just like every property
sold At Auction. |
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| Inspection |
| The
Piatelli Company invites serious prospective bidders
to have their
Own inspection. To schedule an inspection prior to the
auction, call Auctioneers for appointment.
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