Auction Information
Auctioneer Interstate Auction Company 404.303.1232
Auction Date May 17 Auction
Online only
Ridgecrest, CA
Time 09:00AM
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Auction Listing
AuctionZip Auctioneer ID# 14778
This 15 property portfolio will be offered in a court authorized chapter 13 bankruptcy auction. Bidding for this portfolio starts on Thursday, May 17, 2018 at 9:00 am PDT.  Bidding will be online only at The 15 properties first be auctioned individually starting on Tuesday, May 15th. After the bidding has ended on all individual properties, the 15 properties will be auctioned on a combined basis for one bid with the starting bid set at the combined high bid amount plus $10,000 and will be open for 3 business hours following the close of the auction for the individual properties.   If the combined bid exceeds the individual bids, the high bidder on the combined basis will be considered the high bidder. Otherwise, the individual bidders will be considered the high bidders. The high bidder(s) will be required to sign the auction purchase and sale agreement(s). The properties are being sold subject to the bankruptcy court approval. Approval by the court may take up to 30 days. All offers by the high bidders will be open for approval for 30 days following the auction. Buyers will be required to close within 30 days of approval by the bankruptcy court. In the event that the bankruptcy court does not approve the high bids, all earnest money will be returned to the high bidders. All inspections must be completed prior to bidding. Please contact Bob Smith, 760-677-5885 to schedule property inspections. All properties will be sold "AS IS, WHERE IS" with no warranties whatsoever from seller, broker, auctioneers and their agents. Please visit the auction website at for complete terms and conditions and to register to bid.

15 Property Portfolio
$6,850/month +/- rental income
Terms: month to month 
15 rental units 
9,773 +/- sf total
24 +/- acres total
Inspections must be completed prior to bidding
Inspections: Bob Smith 760-677-5885
All properties sold "As Is"
10% buyer's premium
Earnest Money: $2,000 or 10% of high  bid, whichever is greater
Offer open for 30 days subject to court approval
Close 30 days after court approval
Closing Agent: First American Title
2% fee for buyer's agent - registration required
Visit auction website for complete terms and conditions

Auctioneer License Information: AU001966

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