U. S. Bankruptcy Auction
Case No. 09-01013EE
Steadivest Development, LLC
f/k/a Jackson Property Liquidators, LLC
Case No. 09-01823EE
Steadivest Capital, LLC
f/k/a Tactical Financial Solutions, LLC
Case No. 09-01824EE
MTW Investment Financing, LLC
Case No. 09-01825EE
Online Only Bidding Beginning
Wednesday - June 13, 2012
Wednesday - June 27, 2012 @ 1:00 PM
Note: Additional Information Added to Rented Properties
2751 Brookwood Dr, Jackson, MS 39212
2401 Coronet PL, Jackson, MS 39204
133 Pine Lawn PL, Jackson, MS 39204
158 Pine Ridge Dr, Jackson, MS 39204
3464 Rosemary Ave, Jackson, MS 39212
3032 Woodbine St, Jackson, MS 39212
139 Woody Dr, Jackson, MS 39212
311 Knob Hill Dr, Jackson, MS 39209
665 Cooper Rd, Jackson, MS 39209
2822 Engleside Dr, Jackson, MS 39212
222 Lea Cir, Jackson, MS 39204
3207 Oak Forest, Jackson, MS 39212
1416 Second Ave, Jackson, MS 39203
2632 Shannon St, Jackson, MS 39212
4943 Westwood Dr, Jackson, MS 39209
4548 Whitehaven Dr, Jackson, MS 39204
2741 Revere St, Jackson, MS 39212
942 Branch St, Jackson, MS 39212
3146 Adrienne Dr, Jackson, MS 39212
1510 Woody Dr, Jackson, MS 39212
1112 Crestview Ave, Jackson MS 39202 (Apt 1-4)
This is a United States Bankruptcy Auction Real Estate selling AS IS
Terms are set by the Trustee
10% Buyer's Premium
Purchaser will deposit a 10% Escrow deposit with Taylor Auction & Realty, Inc. and execute a real estate contract.
Closing will be completed within 45 days of the contract date and approval by Bankruptcy Court.
Trustee will pay all real estate taxes current through 2011. 2012 taxes will be prorated at closing.
The United States Bankruptcy Court will convey clear title to the property and is responsible for deed preparation. All other closing costs are the responsibility of purchaser.
Additional online terms agreed to at registration:
PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS PROVIDED. PLEASE READ AND REVIEW THE TERMS THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED THE TERMS and all DOCUMENTATION PROVIDED IN THE FILES TAB IN REGARD TO THE CONTRACT OF THE PURCHASE AND SALE OF REAL ESTATE, DO NOT BID.
Taylor Auction & Realty, Inc. has put forth every effort in preparing the catalog for this auction to provide accurate description of the property. The property is sold 'as-is' with no warranty written or implied by Taylor Auction & Realty, Inc. It is encouraged that you inspect the property you wish to purchase PRIOR TO THE ONLINE AUCTION. No sale will be contingent upon a property inspection by the successful bidder after the auction or is the sale contingent upon Buyer obtaining financing.
It is the bidders responsibility to determine the exact condition. Printed statements or descriptions by staff or seller are provided in good faith and are matters of opinion. In regard to Inspection, please call 662-226-2080.
Auction End Times:
This feature extends the bidding for all lots on the auction. The auction will be extended for the amount of time supplied in the Auto Extend field which is 15 minutes. This behaves differently than normal Auto Extend. If the End Time is 6:00 PM, Auto Extend is set as 10, and a bid is placed 9 minutes before the end of the auction, this will only extend the auction to 6:01 PM. The actual end time shown for the auction is the end time for all items and other bidders are always given the amount of time supplied as Auto Extend to consider placing a bid. Please note, that this feature changes the actual end time of the auction and that no notification of this extension is currently given to bidders. At close of auction, all bidders are encouraged to watch the catalog for bidding purposes because of the extend all on all lots.
Our on-line auctions move quickly! If you are interested in bidding, bid quickly. If you win you will be notified by email. In order to have enough time to conduct authorizations, registration must be completed at least 24 hours in advance of the auction. If the day before an auction falls on a holiday or weekend, the deadline is the day before the holiday or the Friday prior to the auction.
In order to better serve our customers, all bidders must provide their name, address, daytime phone number or cell number, and email address at which they can be contacted. This is to insure good communication between Taylor Auction & Realty, Inc and the bidder throughout any transactions. Each bidders identity will be verified. Bidding rights are provisional, and if complete verification is not possible, Taylor Auction & Realty, Inc. will reject the registration, and bidding activity will be terminated.
ORDER OF AUCTION: Offering - The real estate will be offered in one tract, as a whole by the dollar.
At the close of the auction, successful bidders will be emailed a contract to be executed and returned to Taylor Auction & Realty, Inc. Successful bidders will deposit 10% of contract price per property in the form of cashier�s check or wire transfer to Taylor Auction & Realty, Inc. The entirety of the remaining balance is due at closing. Purchaser will be responsible for all wire transfer fees.
A 10 % Buyers Premium will be added to your final bid to equal the contract price.
Buyers Premium example:
Bid price - $50,000.00 + 10% Buyers Premium $ 5,000.00 = Total Contract price - $55,000.00
Contract Documents will be sent by e-mail to the successful bidder, who must execute and fax or email back to Taylor Auction & Realty, Inc. within 24 hours of the end of the auction. You will be closing on property on which you are the successful bidder in the final manner in which you bid at the auction.
AUCTION BID DEFAULT:
Successful bidder not executing and returning the contract with earnest money deposit within 24 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for the Sale and Purchaser of Real Estate and 10% of High Bid Price in earnest money deposit, the winning bidder will be charged a penalty fee of $1,000.00 on the credit card
provided at auction registration. Additional default remedies are reserved by Taylor Auction & Realty, Inc. and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate.
Taylor Auction & Realty, Inc. reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale.
If the buyer chooses not to close within the stated time and no written extension has been granted by the seller, the buyer will forfeit all of the deposit. If such action occurs, Taylor Auction & Realty, Inc. hereby has the right to disperse the deposit as stated in the listing agreement and the buyer has no claims to such money or property being sold. Liquidated damages are to cover cost of auction, cost incurred by seller, labor cost and additional cost of auction as not defined in this agreement.
Taylor Auction & Realty, Inc. INVOLVEMENT IN THIS CONTRACT:
Taylor Auction & Realty, Inc. is the agent of the seller and their fiduciary duties of loyalty and faithfulness are owed to their client (the seller). Taylor Auction & Realty, Inc. is not acting as a buyers agent. Please sign and return Working with a Real Estate Broker before you bid acknowledging your understanding of agency. TAR reserves the right to remove or cancel the bids and or bidding rights and privileges of any party, deemed not to be in the best interest of the seller, at any time. The seller and buyer hereby agree that Taylor Auction & Realty, Inc. is a part of this contract and shall receive compensation as stated in agreement hereto or as stated in listing agreement hereby made a part of.
BIDDER BROKER PARTICIPATION:
A Broker Participation Form with complete instructions is available at www.taylorauction.com
Any special instructions must be written on sales contract today.
Time being of the essence, these sales shall be closed as soon as possible within the 45 day period. The seller will pay for preparation of the deed of conveyance and prior real estate taxes past due.
Closing agent/location will be provided no later than ten (10) days after the auction date.
2012 Taxes will be prorated to the day of closing.
Within 45 days and upon approval of bankruptcy court.
Purchaser shall receive possession of property at closing.
Subject only to appropriate cities and State of Mississippi laws, ordinances and regulations. Property is selling to all easements of record. Seller is placing no restrictions on the property. The owner does warrant that they have good merchantable title to the real estate and that they will convey the same with a trustee deed, free from all encumbrances, liens or judgments at the time of closing.
All information contained herein is believed to be correct to the best of the auctioneer's knowledge. The information is being furnished to bidders for the bidder's convenience and it is the responsibility of the bidder to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient's risk. Bidders must conduct and rely solely upon their own investigations and inspections. The property is being sold 'AS IS' with any and all faults. Please review all information supplied, and seek appropriate assistance prior to bidding. Note: Under Title X, the purchaser of a single family residence built before 1978 has a maximum of 10 days to inspect the property for the presence of lead-based paint. The period for the inspection begins June 17, 2012 through June 26, 2012. All bidders must sign a waiver of the 10 day post sale inspection period.
SERVER & SOFTWARE TECHNICAL ISSUES:
In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Taylor Auction & Realty, Inc., reserve the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor Taylor Auction & Realty, 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 Taylor Auction & Realty, Inc.
By bidding on any item, the bidder shows acceptance of the terms of the auction.
CAI AARE CAGA