FORECLOSURE AUCTION TERMS AND CONDITIONS
A deposit in an amount of $10,000.00, or ten percent (10%) of the gross sale price, whichever is higher, will be required.
Cash with settlement within fifteen (15) days from date of sale, TIME BEING OF THE ESSENCE. Sale is subject to the right of the IRS to redeem within 120 days of sale date in accordance with 26 U.S.C. §7425(d).
The property shall be sold "as is" and shall be conveyed by Special Warranty Deed subject to all liens, encumbrances, mechanic's liens filed and unfiled, conditions, restrictions, easements and reservations, if any, superior to the mentioned deed of trust and lawfully affecting the property. All taxes to be prorated as of date of foreclosure auction. Additional terms may be announced at the sale.