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Auction Information
Auctioneer Ford Brothers Inc 606-256-4545
Auction Date Oct 25 Auction
Location
Highway 2011
Beverly, KY
Time 02:00PM
Auctioneer's Other ListingsE-mail AuctioneerAuctioneer's Web Site
Auction Listing
AuctionZip Auctioneer ID# 44034
ONLINE ESTATE AUCTION
THE LATE ADA CALDWELL
5 PROPERTIES
BIDDING ENDS OCTOBER 24 AND 25, 2016
BEVERLY, KENTUCKY

PROPERTY #1 – ABSOLUTE ONLINE AUCTION
BRICK HOUSE WITH APPROXIMATELY 5 ACRES
7497 HWY 2011, BEVERLY, KY
BIDDING ENDS, TUESDAY, OCTOBER 25, 2016 AT 2:00 P.M.

DIRECTIONS:  From Hwy 25E in Pineville, follow Hwy 66 North approximately 16 miles and turn right / south on Hwy 2011.  Follow Hwy 2011  1.5 mile to property on right.  Auction signs are posted.

DESCRIPTION:  This property contains approximately 5 acres by boundary deed description (as estimated by PVA).  It is improved by a brick, ranch style house with 3 bedrooms, 1 bathroom, kitchen with dining area, living room, covered front porch and back porch.  There are also two outbuildings on the property.

PROPERTY #2 – ABSOLUTE ONLINE AUCTION
METAL GARAGE BUILDING AND HOUSE ON APPROXIMATELY 1.9 ACRES
7525 HWY 2011, BEVERLY, KY
BIDDING ENDS, TUESDAY, OCTOBER 25, 2016 AT 3:00 P.M.

DIRECTIONS:   From Hwy 25E in Pineville, follow Hwy 66 North approximately 16 miles and turn right / south on Hwy 2011.  Follow Hwy 2011  1.5 mile to property on right.  Auction signs are posted.

DESCRIPTION:  This property is approximately 1.9 acres by boundary deed description (as estimated by PVA).  It is improved by a metal garage building that measures approximately 42 x 60 feet with concrete floors, flourescent lights, two large garage doors and one walk-in door.  There is also a brick house in need of repairs.

PROPERTY #3 – ABSOLUTE ONLINE AUCTION
APPROXIMATELY 1.26 ACRE LOT
HWY 1850, REDBIRD, KY
BIDDING ENDS, TUESDAY, OCTOBER 25, 2016 3:30 P.M.

DIRECTIONS:  From Hwy 421 in Big Creek , follow Hwy 66 South 16.3 miles just past Redbird School and turn left / east on Hwy 1850.  Go ½ mile to property on left.  Auction signs are posted.

DESCRIPTION:  This property measures approximately 1.26 acres by boundary deed description.  It lies between Phillips Fork, Redbird River and Hwy 1850.  It would be suitable for homesites or RV sites. 


PROPERTY #4 – ABSOLUTE ONLINE AUCTION
APPROXIMATELY 8/10 ACRE LOT
OLD HOUSE BRANCH ROAD, ROARK, KY
BIDDING ENDS, TUESDAY, OCTOBER 25, 2016 4:00 P.M.

DIRECTIONS:  From Hwy 421 in Big Creek, follow Hwy 66 South 14.3 miles and turn left onto Hwy 406.  Go 1 / 2 mile and turn left onto Old House Branch Road.  Proceed 1/10 mile to property on left.  Auction signs are posted.

DESCRIPTION:  This lot is approximately 8/10 acres as estimated by PVA, with frontage on Old House Branch Road.  It has a good home / mobile home site.    The mobile home on the property is not included in the sale (lot only).

PROPERTY #5 – ONLINE AUCTION
1 ½ STORY HOUSE WITH APPROXIMATELY 4 ACRES
7517 HWY 2011, BEVERLY, KY
BIDDING ENDS, TUESDAY, OCTOBER 25, 2016 – 5:00 P.M.

DIRECTIONS:   From Hwy 25E in Pineville, follow Hwy 66 North approximately 16 miles and turn right / south on Hwy 2011.  Follow Hwy 2011  1.5 mile to property on right.  Auction signs are posted.

DESCRIPTION:  This property contains approximately 4 acres by boundary deed as estimated by PVA.  It is improved by a 1 ½ story house and outbuildings.  The main level features living room, kitchen, dining area, 3 bedrooms, 2 bathrooms.  Second floor has 2 bedrooms and large den/family room.  Other features include gas furnace heat, central a/c, covered front porch, well water, lots of closet space and asphalt driveway.

TERMS:  20% down with 48 hours of end of auction, balance due in full within 30 days.    See a complete list of terms and conditions online.

BUYER'S PREMIUM:   A 10% Buyers Premium will be added to the high bids to determine the final sale price.

Preview Dates:  Friday, October 21, 2016 - 3:30 p.m. to 5:30 p.m. and Tuesday, October 25, from 12:00 noon to 6:00 p.m.

PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT. PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED THE CONTRACT FOR SALE OF REAL ESTATE, DO NOT BID.

AUCTION END TIME:  Tuesday, October 25, 2016 – 2:00 p.m. to 5:00 p.m.

Ford Brothers, Inc. Real Estate Online Auctions are timed events and all bidding will close at specified time. Ford Brothers, Inc. Real Estate Online Auctions also have an auto extend feature. If a bid is placed in the final 5 minutes of an auction, the auction ending will be automatically extended 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:05.The auto extend feature remains active until no further bids are received within a 5 minute time frame.  

SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Ford Brothers, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor FORD BROTHERS, 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 Ford Brothers, Inc.

TERMS: 20% of the total sale price down as a non refundable earnest money in the form of a certified check, cash or wire transfer within 48 hours of the close of auction. We do not accept a credit card for down payment. The balance of purchase price is due at closing, said closing to be within 30 days of close of bidding. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Contract for Sale of Real Estate.

This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Contract for Sale of Real Estate.

GOOD INSURABLE GENERAL WARRANTY DEED AT CLOSING.

BUYER’S PREMIUM: There will be a buyer’s premium of 10% added to the bid price to arrive at final purchase price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000.

AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit within 48 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 Sale of Real Estate and 20% earnest money deposit, the winning bidder will be charged a penalty fee of $5,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Ford Brothers, Inc. and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Ford Brothers, 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.

Any dispute between Ford Brothers, Inc, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Laurel County, Kentucky.  By bidding on the property, buyer agrees to all terms and conditions set forth.

Acceptance of Bid Prices: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Ford Brothers, Inc. will e-mail documents to be executed and said documents should be faxed or e-mailed back to Ford Brothers, Inc. within 48 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money deposit within 48 hours will be considered in default. Any and all inspections that a buyer may want must be done at buyer’s expense prior to the close of the online bidding. Ford Brothers, Inc.'s Agents, Representatives or Employees may bid.

Title: As specified in the Contract for Sale of Real Estate
Deed: As specified in the Contract for Sale of Real Estate
Possession: As specified in the Contract for Sale of Real Estate

Real Estate Taxes and Closing Cost: All real estate taxes will be prorated for 2016.  The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan.
The seller will pay for deed preparation and deed tax.

Easements: Subject to any and all easements of record, including road easements and utility easements   

Zoning: This property is subject to all state and local zoning ordinances.   

Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Ford Brothers, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Ford Brothers, Inc. reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.

Agency: Ford Brothers, Inc.' Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Ford Brothers, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.

NEW DATA, CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. Disclaimer & Absence of Warranties: All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Ford Brothers, Inc. Agents or Representatives. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, Ford Brothers, Inc., Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Ford Brothers, Inc. are final. Any dispute between Ford Brothers, Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Laurel County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.

Auctioneer/Broker/Seller Disclaimer: The information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine the information contained herein is accurate and complete. The property is selling in its ‘as-is’ condition with no warranties expressed or implied.

For additional information, contact Ford Brothers, Inc. Auctioneers - Realtors at 1-800-526-1637.



Auctioneer License Information: P 11

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