Property Auction Details

Registration at the auction finalizes each bidder's agreement to the terms and conditions of sale as stated in the Contract and its Addenda which are incorporated by reference into your bidding. DO NOT BID unless you have registered and received a Bidder's Card and Sale Day Notes and agreed to be bound by the terms of sale in the Contract as they are final upon you becoming a high bidder.

All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale. Williams & Williams represents the Sellers only and does not inspect properties on bidder's behalf. Do not bid if you have not inspected the property(s). By bidding you agree to all disclosures.

Buyers receive a deed and Title Insurance Policy as provided by the Closer indicated in the Contract (any mobile/manufactured housing on the property will only be conveyed by a Hold Harmless Agreement or Quit Claim Bill of Sale unless otherwise noted in Disclosures). Current year's taxes are pro-rated through day of closing as customary.

Each high bidder must make a 10% ($2,500 MINIMUM - whichever is greater) non-refundable deposit per property immediately following auction. Cash, cashier's checks, and personal checks (electronically processed) are accepted. The balance of the purchase price and all closing costs are due within 30 days. Closing costs generally total approximately $1,500 and include, but are not limited to, title exam, title policy, closing fee and filing costs.

A "QUICK CLOSE" option if available (see Disclosures or listen day of sale) allows Buyers to save all title/closing costs (per above, approximately $1,500). To qualify, buyer must pay the purchase price plus any other non-title fees in full day of sale.

Bidding starts at the nominal Opening Bid(s) indicated and is open to the public. The Auctioneer will call the sale and control any increments of bidding. To make a bid, raise your hand or Bid Card to be recognized. The Auctioneer is the sole arbiter and controller of the conduct of the auction and shall be the final and absolute authority without liability to any party.

Do not inspect properties and/or attend an auction except at your own risk. Broker and Seller, their agents and employees, expressly disclaim any "invitee" relationship and shall not be liable to any person for damages to their person or property while in, on or about these properties, nor shall they be liable for hidden defects, dangers or conditions. All persons shall be on the premises at their own risk and shall defend, indemnify, and save harmless Broker and Seller from any and all liability attendant thereto.

All auctions are subject to court or seller approval. Most sales are approved within 7 business days. Buyers are not allowed possession until filing of the deed, at which time the property should be re-keyed.

If more than one property, the Auctioneer may choose to offer a group of the properties for auction at the same time. The price being called for and bid is for any one property only. This is called "BUYER'S CHOICE" and is to accommodate buyers who have an interest in more than one property and/or have 2nd and 3rd choices if they are out bid for a favorite property. Upon winning the bid, please choose which property, or properties, you want. You pay the high bid price for each property selected. Each sale is final and stands alone. Remaining properties are then offered in another round of bidding. 2nd high bidders do not win a right to choose. Anyone may bid at any time, including prior High Bidders.
Williams & Williams and the Seller expressly disclaim any liability for errors, omissions or changes regarding any information provided for these sales. Potential purchasers are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property and are expressly advised to not rely on any representations made by the seller or their agents. Property information may change without notice and potential purchasers should investigate all data fully before relying upon it.

Terms of Sale - Auction Network -

All online bidders shall, in addition to the terms and conditions hereof, be bound by the Auction Network Web site "Terms of Use," the provisions of which are incorporate herein by this reference. In the event of any conflict between said Terms of Use and the terms and conditions hereof, the terms and conditions set forth herein shall control. Please see http://www.auctionnetwork.com/Site/TermsOfUse.asp.

Bidders must register with Auction Network and comply with any registration requirements to bid through the Auction Network. Auction Network assumes no responsibility regarding the accuracy or content of the information that is provided by the Auction Company or Auction Network, and use of such information is at the recipient's own risk. You agree to indemnify and hold Auction Network, and its parent, subsidiaries, affiliates, officers, agents or other partners, and employees, harmless from any and all liabilities, claims, demands and expenses, including attorneys' fees, due to or arising out of your use or misuse of the Website and Content, or for your infringement of intellectual property rights or other rights of any third party.

THE SALE WILL BE CONTROLLED BY THE AUCTIONEER PROGRAM AND AUCTION COMPANY. Auction Network is not responsible for malfunctions or system errors which cause a bid or bidder to fail to be recognized or registered. If there is a dispute, the Auction Company may re-open the bidding at their sole discretion and shall serve as the sole arbiter as to who is or is not allowed to bid. The Auction Company reserves the right to group, add to, delete, withdraw, or consolidate items or quantities offered, to sell out of scheduled sequence, to regulate bidding and to accept or reject any or all bids. Absentee bids may be accepted at the discretion of the Auction Company. Any and all decisions of the Auction Company regarding the conduct of the auction shall be final and absolute without liability to any party.

If you are a winning bidder and refuse or fail to complete the transaction for ANY reason, you shall relinquish ANY right to complete the transaction and shall have no rights or interest in the property, as well as forfeit all deposit monies as liquidated damages to Auction Company and/or Seller. PLEASE BE ADVISED: Various state statutes give Auction Company and Seller the right to pursue legal action against bidders who refuse to complete transactions. This may include (but is not limited to) suit to compel completion of the sale, and/or criminal charges of fraud or other intentional act.

All items are sold 'AS IS, WHERE IS' with no financing, inspection or other contingencies to sale. Auction Network and the Auction Company represent the Sellers only and do not inspect items on bidder's behalf. Buyers must conduct their own due diligence and investigation of each item prior to making a bid and purchase during the auction. Buyers must rely solely upon their own investigation and not any information provided by the Auction Network or Auction Company. Failure of a Buyer to be fully informed on the condition of an item will not constitute grounds for any claim adjustment or right to cancel sale.

These Terms of Sale, as well as the onsite, online or television buyer's rights and obligations hereunder, shall be governed by and construed and enforced in accordance with the laws of the State of Oklahoma. By bidding at this auction, whether in person or by agent, order bid, telephone, online, or other means, the buyer shall be deemed to have consented to the exclusive jurisdiction of the state and federal courts sitting in the State of Oklahoma.