Auction Information
Cumberland County, IL 30.76 Acre Online Auction
Schmid Auction
www.bidschmid.com to bid!!
Prime Cumberland
County, IL 30.76 Acre Land Auction • Online Only • No Reserve
Starts Closing Tues.
Sept 15th 3:00PM (Timed Online Auction)
Property Location: Southeast
of Greenup, IL
30.76 + or – acres, 29.3 + or –
tillable acres, located in Sec 15, Crooked Creek Township, Cumberland County,
IL Soil Productivity Index 105
Seller: Rebecca
Williams
Taxes: 2025 taxes
payable in 2026 were 750.86. Buyers will
receive a credit at closing for 2026 taxes payable in 2027.
Farming Rights: The existing farm
tenant is relinquishing their farming rights at the completion of the 2026
harvest.
Rights: All of the Seller’s
mineral, oil, and gas rights, if any, will transfer without warranty of title
or title evidence.
Bidding Method: Bids are per
acre; final price is the high bid times total acres for each tract. The
purchase agreement will state the total tract price, which remains fixed
regardless of future surveys.
Bidding Increments: $25.00
per acre.
Extended Bidding: Any bid placed
within the final 3 minutes will extend bidding by 3 minutes.
Bidders engaging in fraudulent
activity will be subject to prosecution. Please note that submitting a bid
constitutes a legally binding contract.
Down Payment & Closing: 10%
of the total purchase price is due on auction day or the following day. The
remaining balance is due at closing, approximately 40 days following the
auction. Down payment is held in escrow with the title company.
Purchase Agreement: Successful
bidders must sign agreements on Wed Sept 16th in person or via
DocuSign.
Crops & Possession: the
Current Crop belongs to the current farm tenant.
Condition: Real estate sells
“As Is.” Buyers are encouraged to conduct independent inspections and due
diligence. Maps, brochures, and field markers are approximate and for guidance
only.
Announcements: Auction day
announcements take precedence over printed materials.
Liability: Schmid Auction and the
sellers are not responsible for accidents that occur while individuals are
viewing the property.
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