The Symbol Of Strength In Auction Marketing

The Symbol Of Strength In Auction Marketing

Bank Owned Real Estate Auction in Eastern N.C.

by Iron Horse Auction Company

When

Feb 14, 2013 - Jan. 30th at 8am - Feb. 14th at 2pm Eastern

Where

Bid Center Located at Embassy Suites
201 Harrison Oaks Blvd
Cary, NC 27513
Located in the Mendenhall Room

How

Live and Online Auction

Notes

Bank Owned Real Estate Auction

Online Auction w/ Live Bidder Central

Person, Durham, Pender, Wayne, Chatham, & Brunswick Counties

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Conducted By

Iron Horse Auction Company

174 Airport Rd.
Rockingham, NC 28379

910-997-2248
www.ironhorseauction.com

http://www.ironhorseauction.com

Contact the Auctioneer

174 Airport Rd.
Rockingham, NC 28379
910-997-2248
www.ironhorseauction.com

Auction Listing

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BANK OWNED REAL ESTATE AUCTION
ABSOLUTE ONLINE ONLY AUCTION
W/ BID CENTER
**Selling Regardless of Price**

 Residential Tracts Located in Eastern N.C.

Person, Durham, Chatham, Wayne, Brunswick & Pender Counties

 Wednesday, January 30, 2013
through

Thursday, February 14, 2013 - 2 p.m.

 Selling Free & Clear Of All Liens
All Taxes Paid Up to the Day of Closing by the Seller

 
  
Due To The Volume of Properties in This Auction, We Have Opened Bidding To Allow All Customers Sufficient Time To Bid.
 

BID CENTER LOCATION
Embassy Suites, 201 Harrison Oaks Blvd. Cary, NC 27513. Auction will be held in the Mendenhall Room.

Bid Center will be open for bidding on Thursday, February 14th, from 1:00 PM until the last bid is placed. Please join us here if you wish to bid in person, or want to follow the ending of the auction. There is a 10 minute extended bidding period which may be decreased at the discretion of the auctioneer

PROPERTY DESCRIPTION

Auction Lot #1
3.54+/- Acre Vacant Lot on Northpointe Drive, Roxboro, NC, Person County; Being Lot 7 of Northpointe Subdivision; Record # 24236; Deed Book 743, Page 545; Tax Value $20,750.00; HOA Dues are approximately $250.00 per lot per year. All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due 

Auction Lot #2
3.52+/- Acre Vacant Lot on Appaloosa Drive, Roxboro, NC, Person County; Being Lot 11 of Northpointe Subdivision; Record # 24240; Deed Book 743, Page 545; Tax Value $20,700.00; HOA Dues are approximately $250.00 per lot per year. All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due  

Auction Lot #3
2.85+/- Acre Vacant Lot on Appaloosa Drive, Roxboro , NC, Person County; Being Lot 13 of Northpointe Subdivision; Record # 24242; Deed Book 743, Page 545; Tax Value $18,100.00; HOA Dues are approximately $250.00 per lot per year. All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due 

Auction Lot #4
3.41+/- Acre Vacant Lot on Appaloosa Drive, Roxboro, NC, Person County; Being Lot 15 of Northpointe Subdivision; Record # 24244; Deed Book 743, Page 545; Tax Value $20,425.00; HOA Dues are approximately $250.00 per lot per year. All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due 

Auction Lot #5
2.71+/- Acre Vacant Lot on Appaloosa Drive, Roxboro, NC, Person County; Being Lot 5 of Northpointe Subdivision; Record # 24245; Deed Book 743, Page 545; Tax Value $17,775.00; HOA Dues are approximately $250.00 per lot per year. All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due 

Auction Lot #6
1.87+/- Acre Vacant Lot on Northpointe Drive, Roxboro, NC, Person County; Being Lot 18 of Northpointe Subdivision; Record # 24247; Deed Book 743, Page 545; Tax Value $16,140.000; HOA Dues are approximately $250.00 per lot per year. All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due 

Auction Lot #7
2.78+/- Acre Vacant Lot on Northpointe Drive, Roxboro, NC, Person County; Being Lot 19 of Northpointe Subdivision; Record # 24248; Deed Book 743, Page 545; Tax Value $18,850.00; HOA Dues are approximately $250.00 per lot per year. All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due  

Auction Lot #8
1.88+/Acre Vacant Lot on Northpointe Drive, Roxboro, NC, Person County; Being Lot 21 of Northpointe Subdivision; Record # 24250; Deed Book 743, Page 545; Tax Value $16,600.00; HOA Dues are approximately $250.00 per lot per year. All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due 

Auction Lot #9
4.19+/- Acre Vacant Lot on Old US 501 and Northpointe Drive, Roxboro, NC, Person County; Being Lot 23 of Northpointe Subdivision; Record # 25235; Deed Book 743, Page 545; Tax Value $20,780.00; HOA Dues are approximately $250.00 per lot per year. All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due 

Auction Lot #29
1.21+/- Acre Vacant Lot on Rivers Edge, Timberlake, NC, Person County; Being Lot 20 of Flat River Ridge Subdivision; Record # 26055; Deed Book 794, Page 182; Tax Value $45,050.00. HOA Dues are approximately $25.00 per lot per month. All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due 

Auction Lot #30
5.69+/- Acre Vacant Lot on River View Court, Timberlake, NC, Person County; Being Lot 30 of Flat River Ridge Subdivision; Record # 26065; Tax Value $67,450.00; HOA Dues are approximately $25.00 per lot per month. All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due 

Auction Lot #31
3.89+/- Acre Vacant Lot on Rivers Edge, Timberlake, NC, Person County; Being Lot 31 of Flat River Ridge Subdivision; Record # 26066; Tax Value $58,450.00. HOA Dues are approximately $25.00 per lot per month. All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due 

Auction Lot #32
1.33+/- Acre Vacant Lot on River View Court, Timberlake, NC, Person County;

*******Under Contract Prior To Auction**********

Auction Lot #33
1+/- Acre, Vacant Lot on River View Court, Timberlake, NC, Person County;

*******Under Contract Prior To Auction**********

Auction Lot #34
.41+/- Acre Vacant Lot at 3120 Rose of Sharon Road, Durham, NC, Durham County; Being Plat Lot 24 of Riverside on the Eno Subdivision; PIN 195910; Deed Book 6678, Page 123; HOA Dues not known. All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due 

Auction Lot #35
4.016+/- Acre Vacant Lot at 1743 Andrews Store Road, Pittsboro, NC, Chatham County; Being Lot C of Carolina Farm; PIN 85363; Deed book 1584, page 26; Tax Value $94,695.00. HOA Dues are not known. All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due 

Auction Lot #36
4+/- Acre Vacant Lot at 1765 Andrews Store Road, Pittsboro, NC, Chatham County; Being Lot B of Carolina Farm; PIN 85362; Deed Book 1584, Page 26; Tax Value $94,965.00. HOA Dues are not known. All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due 

Auction Lot #37
2+/- Acre Vacant Lot at 1789 Andrews Store Road, Pittsboro, NC, Chatham County; Being Lot A of Carolina Farm; Deed Book 1584, Page 26; Tax Value $65,685.00. HOA Dues are not known. All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due 

Auction Lot #39
.69511+/- Acre Vacant Lot on Malloy Street, Goldsboro, NC, Wayne County; Being Lot 3 of Greenwood Square, LLC; Deed Book 2814, Page 797; PIN 3519404484; Tax Value $85,000.00. All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due 

Auction Lot #40
House and Lot at 724 Isler Street, Goldsboro, NC, Wayne County; PIN 3509011927; Deed book 2814, Page 795; Tax Value $49,040.00; All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due 

Auction Lot #41
11.80+/- Vacant Acres on U.S. Highway 117, Watha, NC; Pender County; PIN 3322-47-7336; Tax Value $32,544.00 All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due 

Auction Lot #42
12.46+/- Acres on U.S. Highway 117, Watha, NC, Pender County; Portion of PIN 3322-48-2032; This property will have to be surveyed if sold separately from Auction Lot #43 at the expense of the Buyer. The surveyor will be Dixie Land Surveying of Wadesboro, NC at $.48 per foot. All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due 

Auction Lot #43
19.73+/- Acres on U.S. Highway 117 and Fox Hollow Road, Watha, NC, Pender County; Portion of PIN 3322-48-2032; This property will have to be surveyed if sold separately from Auction Lot #42 at the expense of the Buyer. The surveyor will be Dixie Land Surveying of Wadesboro, NC at $.48 per foot. All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due 

Auction Lot #44
17.98+/- Acres off Morgan Rd, SW, Supply, NC, Brunswick County; PIN 1990007806; Deed Book 3111, Page 711; Tax Value $218,460.00. All back taxes, dues and/or assessments will be paid by the seller; All current taxes, dues and/or assessments will be prorated at closing, if any due. Tract is Land Locked.

PROPERTY MUST BE TRANSFERRED AND CLOSED BY MARCH 20, 2013 AT 5:00 P.M. NO EXCEPTIONS! DO NOT BID IF YOU CAN NOT MEET THIS DEADLINE! 

INSPECTIONS
At Buyer’s Leisure & Liability

10 MINUTE EXTEND A BIDDING
This auction has a 10 minute extended bidding feature on all auction lots at the end of the auction. This means that if a bid is received on any parcel in the auction that bidding will be extended by 10 minutes for all parcels. The 10 minute time period may be decreased to 7 minutes, 5 minutes, 3 minutes or 1 minute at the discretion of the auctioneer. All bidders will be notified by email if a change to the closing time has occurred. The end of the auction will occur when the auctioneer establishes that no other bidding activity is forth coming.

NOTES
We have tried, to the best of our ability, to gather current HOA figures. We do not guarantee they are exact but are approximate. All prior year taxes will be paid by the Seller along with any prior assessments, current year taxes and HOA or POA fees will be prorated as of the date of closing. All proposed and future assessments are the responsibility of the buyer. We have also tried, to the best of our ability, to gather copies of the restrictions for the included subdivisions. We do not guarantee that all versions and amendments are shown. Finally, we do not state whether properties have sewer, water, perk tests or if any of this is even attainable. It is the buyer’s responsibility. Please do your own due diligence prior to bidding. All properties sell as is, where is.

TERMS
Selling AS IS / WHERE IS. PROPERTY MUST BE TRANSFERRED AND CLOSED BY MARCH 20, 2013 AT 5:00 P.M. NO EXCEPTIONS! DO NOT BID IF YOU CAN NOT MEET THIS DEADLINE! If you can not meet this deadline please do not bid. A credit card, Visa, Master Card or Discover, is required to register& bid. A Credit Card is required to register. A 20% deposit is due within24 hours after the end of the auction by bank wire or cashier’s check. A 7%buyer’s premium will apply which means that a 7% buyer’s premium will be added to the high bid price to determine the final auction contract purchase price. Example: $30,000.00 high bid x 7% Buyer’s premium = $2,100.00. The final auction contract purchase price will be $32,100.00. The deposit for this example would be $6,420.00.  *By bidding, you the bidder/buyer certify that you have either closely examined the item(s), have chosen to not examine the item(s) or have hired an independent agent to the item(s) for you. *If payment is not received IHAC will attempt to collect by charging the credit card in which you registered. CONDITIONS – All information contained herein is deemed to be from reliable sources. However, neither the Auctioneer nor the Seller guarantees this information to be correct. We reserve the right to add or delete. Please inspect the property and bid accordingly. The Auctioneer represents the Seller in this transaction. All announcements made at the auction shall take precedence over all other information.

Sale is subject to the seller accepting pre auction offers until Tuesday, February 12th at 12pm.

Broker Participation Invited – Pre-Auction Offers Entertained

Iron Horse Auction Company, Inc.

PO Box 1267-Rockingham, NC 28380

800-997-2248–NCAL3936

PROPERTY MUST BE TRANSFERRED AND CLOSED BY MARCH 20, 2013 AT 5:00 P.M. NO EXCEPTIONS! DO NOT BID IF YOU CAN NOT MEET THIS DEADLINE!

INSPECTIONS
At Buyer’s Leisure & Liability

10 MINUTE EXTEND A BIDDING
This auction has a 10 minute extended bidding feature at the end of the auction. This means that if a bid is received on any parcel in the auction that bidding will be extended by 10minutes for all parcels. The 10 minute time period may be decreased to 5minutes, 3 minutes or 1 minute at the discretion of the auctioneer. All bidders will be notified by email if a change to the closing time has occurred. The end of the auction will occur when the auctioneer establishes that no other bidding activity is forth coming.

NOTES
We have tried, to the best of our ability, to gather current HOA figures. We do not guarantee they are exact but are approximate for some point.All prior year taxes will be paid by the Seller along with any prior assessments, current year taxes and HOA or POA fees will be prorated as of the date of closing. All proposed and future assessments are the responsibility of the buyer. We have also tried, to the best of our ability, to gather copies of the restrictions for the included subdivisions. We do not guarantee that all versions and amendments are shown. Finally, we do not state whether properties have sewer, water, perk tests or if any of this is even attainable.It is the buyer’s responsibility. Please do your own due diligence prior to bidding. All properties sell as is, where is.

TERMS
Selling AS IS / WHERE IS. PROPERTY MUST BE TRANSFERRED AND CLOSED BY MARCH 20, 2013 AT 5:00 P.M. NO EXCEPTIONS! DO NOT BID IF YOU CAN NOT MEET THIS DEADLINE!If you can not meet this deadline please do not bid. A credit card, Visa, Master Card or Discover, is required to register& bid. A Credit Card is required to register. A 20% deposit is due within24 hours after the end of the auction by bank wire or cashier’s check. A 7%buyer’s premium will apply which means that a 7% buyer’s premium will be added to the high bid price to determine the final auction contract purchase price.Example: $30,000.00 high bid x 7% Buyer’s premium = $2,100.00. The final auction contract purchase price will be $32,100.00. The deposit for this example would be $6,420.00. *By bidding, you the bidder/buyer certify that you have either closely examined the item(s), have chosen to not examine the item(s) or have hired an independent agent to the item(s) for you. *If payment is not received IHAC will attempt to collect by charging the credit card in which you registered.

CONDITIONS – All information contained herein is deemed to be from reliable sources. However, neither the Auctioneer nor the Seller guarantees this information to be correct. We reserve the right to add or delete. Please inspect the property and bid accordingly. The Auctioneer represents the Seller in this transaction. All announcements made at the auction shall take precedence over all other information.

Bid Center Located at Embassy Suites, 201 Harrison Oaks Blvd., Cary, NC 27513.