Residential Property Auction Details

32-Ar Valle Verde Development, Bayamon, PR 00956
  • homes auction
32-Ar Valle Verde Development, Bayamon, PR 00956
Auctioned: 12:30 PM Wednesday, March 26, 2014
32-Ar Valle Verde Development, Bayamon, PR 00956
337954 00-233-AC-/03-2014

4BR 2.5BA 2,016+/- sf single-family. Built in 1981. Approx .07ac lot. HOA.

This is an investor only, occupied property.
Property ID:337954

Auctioned: 12:30 PM Wednesday, March 26, 2014

REAL ESTATE AUCTION

Details: On purchases above $50,000 where the buyer is seeking financing, buyer may use the lender of their choice. Buyer must meet pre-qualification requirements prior to the auction.

Legal Description: URBANA: Solar marcado con en número 32 de la manzana AR en el plano de inscripción de la Urbanización Valle Verde, radicado en el Barrio Hato Tejas del término municipal de Bayamón, Puerto Rico, con un área superficial de 310.50 metros cuadrados. En lindes por el Norte, en 23.00 metros, con el solar número 23 de la manzana AR; por el Sur, en 23.00 metros, con el solar número 31 de la manzana AR; por el Este, en 13.50 metros, con el solar número 8 de la manzana AR y por el Oeste, en 13.50 metros, con la Calle número 33. Enclava una casa de hormigon y bloques de concreto para uso residencial de uso familiar. TAX PARCEL: 061-034-167-32-001


Auctioned: 12:30 PM Wednesday, March 26, 2014


Disclosures: Seller requires purchasers to execute the Notice and Acknowledgement of REO Purchaser Screening at the time of contract execution or at the time a pre-auction offer is written. Buyer acknowledges that failure to meet seller's requirement will nullify any offer.



Seller Mandated Financing Disclosure: The seller requires that the high bidder be able to demonstrate proof of funds or financing pre-qualification. Buyer must obtain a “pre-qualification” letter from a lender of their choice. If buyer intends to pay with cash, a bank letter or other financial account statement showing proof of sufficient funds to cover 100% of the purchase price will be required. Buyer understands and agrees to submit said document to auctioneer within 24 hours of the auction, and submittal of the Buyer's offer is contingent upon receipt of said documents. Appropriate documentation should be provided at the auction or faxed to: (918)362-6730 within 24 hours of auction.



Certified Funds Requirement: Buyer will be required to tender a minimum of $2500.00 down payment in cash or certified funds. Certified funds should be made payable to the order of the buyer.



Association Disclosure. Buyer acknowledges and understands that property is bound by the assessments and restrictions of a condo/home/property owners association, and Buyer agrees to be bound by same. Buyer agrees to assume any special assessments that may be payable in installments that are not yet due.



Occupied Property and Utility Usage Disclosure. Buyer acknowledges and understands that property herein is occupied and utilities have not been disconnected. Buyer accepts responsibility for eviction, lease or rental negotiation, or other remediation, as Buyer finds necessary in order to clarify legal occupancy status. Buyer further shall be responsible for payment of utilities consumed and used by tenants. Any collection or reimbursement of said utility payment s by tenants shall be the sole responsibility of the Buyer. Buyer agrees to hold Seller, Williams & Williams and its agents harmless from any and all results therein. Buyer is advised to conduct a thorough investigation of the property's utility usage and any associated costs and expenses associated with usage.



Quit Claim Deed Disclosure. Buyer is purchasing the Property "as-is, where-is," with all faults and encumbrances, and without warranty or representation of any kind or manner, including, without limitation, clear or marketable title. The Property shall be conveyed by the Seller via quit claim deed, and Buyer shall accept the property subject to all liens, encumbrances, assessments, encroachments, easements, or other liabilities of any manner, known and unknown. Buyer accepts all responsibility for any remediation, fees, or terms required by any authority, which may or may not include demolition, escrow fees, or habitation certificates.



Cash Only Disclosure. Buyer understands and acknowledges that this transaction must be a cash purchase and financing is not available. Buyer agrees to accept 'as is, where is' and is responsible for all costs and remediation's therein. Buyer agrees to accept with no contingencies. Buyer acknowledges that seller has no obligation or responsibility to reconnect utilities for the purpose of inspection or for any other reason. Buyer further acknowledges neither Seller, Williams & Williams, nor its agents make any assertions or guarantees as to the condition of said property or that utilities, plumbing, or fixtures therein will meet any financing guidelines. Buyer is encouraged to perform an independent inspection.



Personal Property Not Included. Only title to the real estate is being conveyed. Personal property may be present, but is not included in the auction. Removal of personal property remaining on site at the time of closing is the responsibility of the Buyer.


Disclosures: Seller requires purchasers to execute the Notice and Acknowledgement of REO Purchaser Screening at the time of contract execution or at the time a pre-auction offer is written. Buyer acknowledges that failure to meet seller's requirement will nullify any offer.



Seller Mandated Financing Disclosure: The seller requires that the high bidder be able to demonstrate proof of funds or financing pre-qualification. Buyer must obtain a “pre-qualification” letter from a lender of their choice. If buyer intends to pay with cash, a bank letter or other financial account statement showing proof of sufficient funds to cover 100% of the purchase price will be required. Buyer understands and agrees to submit said document to auctioneer within 24 hours of the auction, and submittal of the Buyer's offer is contingent upon receipt of said documents. Appropriate documentation should be provided at the auction or faxed to: (918)362-6730 within 24 hours of auction.



Certified Funds Requirement: Buyer will be required to tender a minimum of $2500.00 down payment in cash or certified funds. Certified funds should be made payable to the order of the buyer.



Association Disclosure. Buyer acknowledges and understands that property is bound by the assessments and restrictions of a condo/home/property owners association, and Buyer agrees to be bound by same. Buyer agrees to assume any special assessments that may be payable in installments that are not yet due.



Occupied Property and Utility Usage Disclosure. Buyer acknowledges and understands that property herein is occupied and utilities have not been disconnected. Buyer accepts responsibility for eviction, lease or rental negotiation, or other remediation, as Buyer finds necessary in order to clarify legal occupancy status. Buyer further shall be responsible for payment of utilities consumed and used by tenants. Any collection or reimbursement of said utility payment s by tenants shall be the sole responsibility of the Buyer. Buyer agrees to hold Seller, Williams & Williams and its agents harmless from any and all results therein. Buyer is advised to conduct a thorough investigation of the property's utility usage and any associated costs and expenses associated with usage.



Quit Claim Deed Disclosure. Buyer is purchasing the Property "as-is, where-is," with all faults and encumbrances, and without warranty or representation of any kind or manner, including, without limitation, clear or marketable title. The Property shall be conveyed by the Seller via quit claim deed, and Buyer shall accept the property subject to all liens, encumbrances, assessments, encroachments, easements, or other liabilities of any manner, known and unknown. Buyer accepts all responsibility for any remediation, fees, or terms required by any authority, which may or may not include demolition, escrow fees, or habitation certificates.



Cash Only Disclosure. Buyer understands and acknowledges that this transaction must be a cash purchase and financing is not available. Buyer agrees to accept 'as is, where is' and is responsible for all costs and remediation's therein. Buyer agrees to accept with no contingencies. Buyer acknowledges that seller has no obligation or responsibility to reconnect utilities for the purpose of inspection or for any other reason. Buyer further acknowledges neither Seller, Williams & Williams, nor its agents make any assertions or guarantees as to the condition of said property or that utilities, plumbing, or fixtures therein will meet any financing guidelines. Buyer is encouraged to perform an independent inspection.



Personal Property Not Included. Only title to the real estate is being conveyed. Personal property may be present, but is not included in the auction. Removal of personal property remaining on site at the time of closing is the responsibility of the Buyer.
Terms of Sale: (English)

 

Thank you for participating in the Williams & Williams (“Auctioneer”) Quitclaim Online Auctions. It is important that you familiarize yourself with these Terms & Conditions as all bids are final and irrevocable. Your registration for the Auction finalizes each bidder’s agreement to these Terms & Conditions and the Contract for Sale of Real Estate at Auction, including all addenda, disclosures, and attachments thereto, governing the subject Property (together, the “Contract for Sale”) all of which are incorporated by reference into your bid. DO NOT BID unless you have registered and are approved to bid, reviewed these Terms & Conditions and the Contract for Sale and agree to be bound by the same. By placing a bid, you agree to these Terms & Conditions and the terms of the Contract for Sale. A copy of the Contract for Sale, disclosure documents, and Property attributes are posted on the detail page for each Property at www.williamsauction.com. These Terms & Conditions control the sale of the Property and are non-negotiable. Good luck and good bidding!

Buyer acknowledges that the Property IS CURRENTLY OCCUPIED. BUYER TAKES TITLE SUBJECT TO ANY RIGHT OF THE OCCUPANTS. BUYER WAIVES ANY RIGHT TO INSPECT THE PROPERTY PRIOR TO CLOSING. Seller makes no representations as to whether the Property will be occupied at the time of closing, and the Seller shall not be obligated to evict or remove the occupants. Properties may be subject to certain redemption rights of the prior owner or occupants. Buyer shall HAVE NO right to cancel the transaction based upon the occupancy status of the Property and shall remain bound by these Terms & Conditions and the Contract for Sale. Buyer shall be responsible with complying with all applicable local, state, and federal laws with respect to occupied Properties and is encouraged to determine the applicability of same, including, without limitation, the Protecting Tenants at Foreclosure Act of 2009 set forth as Division A, Title VII of the Helping Families Save Their Homes Act of 2009 (the “Act”) and the terms of the United States Servicemembers Civil Relief Act (“SCRA”). Buyer MUST NOT trespass on the Property or disturb the occupants.

A Buyer's Premium (Buyer's Fee in WI) of 5% ($1,500 minimum) will be added to the high bid and included in the total purchase price. Please see the Sale Day Notes, the Contract for Sale, and/or the Auctioneer for specifics about the Property you wish to bid on.

Each high bidder must make a 5% non-refundable Down Payment per Property ($2,500 MINIMUM - whichever is greater) at the conclusion of the auction. Electronic wire funds, bank account by ACH, electronic check conversion, and cashier's checks are the only forms of payment accepted. If you are a resident / citizen of a country outside of the US, certified funds (bank check, wire transfer, certified checks) are required for the Down Payment and closing. Once the Seller approves the sale, the Down Payment will be credited to the total sales price indicated in the Contract for Sale. The balance of the purchase price and all closing costs are due at closing. Closing costs generally total approximately $1,400 and include title exam, title policy, closing fee, filing costs and any other fees noted. Down Payment funds will not be transferred to any title company, or other party, for closing until the Auctioneer's financial institution indicates the funds have cleared and are available for transfer. Buyer is responsible for tendering the balance of the required Down Payment amount for each Property within twenty-four (24) hours of the conclusion of the auction. Buyer agrees that in the event Buyer fails to timely execute and return the Contract for Sale, tender the required Down Payment, or tender the balance of the total purchase price (and other required fees and costs) prior to the closing date, Buyer shall be deemed in breach of these Terms & Conditions and/or the Contract for Sale. In such instance, the buyer will be subject to liquidated damages as set forth in the Contract for Sale, and Seller and/or Auctioneer shall have the right to terminate the Contract for Sale and retain the Down Payment and/or any other funds tendered pursuant to the Contract for Sale as a remedy for Buyer’s breach. Buyer expressly acknowledges that damages to the Auctioneer and Seller resulting from buyer’s breach of these Terms & Conditions and the Contract for Sale would be difficult and impractical to calculate and agree that the Down Payment and/or other funds tendered pursuant to the Contract for Sale amounts are a reasonable pre-estimate of the damages to Auctioneer and Seller. Finally, Buyer agrees that retention of the Down Payment and/or other funds tendered pursuant to the Contract for Sale amounts as liquidated damages is reasonable remedy and is not a penalty.

THE PROPERTY WILL BE CONVEYED TO THE BUYER VIA QUIT CLAIM DEED, "AS-IS, WHERE-IS," WITH NO FINANCING, INSPECTION, OR OTHER CONTINGENCIES TO SALE AND SUBJECT TO ALL LIENS, ASSESSMENTS, ENCUMBRANCES, LEVIES, AND FINES OF ANY KIND OR NATURE KNOWN AND UNKNOWN, WITHOUT WARRANTY OR REPRESENTATION OF ANY KIND OR NATURE OF INSURABLE OR CLEAR TITLE. Any manufactured housing not already considered attached to the real estate will be conveyed only with a hold harmless agreement or quit claim Bill of Sale unless otherwise noted.

NOTICE: Institutional and Fiduciary Sellers (courts, government agencies, banks and trustees) have not occupied the Properties and have NO information to provide for disclosure. Properties are sold “AS-IS, WHEREIS.” Auctioneer represents the Sellers only and does not inspect Properties on bidder's behalf. Buyers must conduct their own due diligence and investigation of each Property and must also investigate the suitability of each parcel prior to making a bid and purchase at the auction. Buyers must rely solely upon their own investigation and not any information provided by the Seller or Auctioneer. Failure of a Buyer to be fully informed on the condition of a Property will not constitute grounds for any claim adjustment or right to cancel the sale. All the information contained on this Property was obtained from official county maps or other sources deemed reliable but is not guaranteed and may be in error. Auctioneer and Seller DO NOT WARRANT the accuracy thereof. Auctioneer and Seller have made no independent investigation of any information provided and assume no responsibility for providing or the absence of any information, whatsoever, or for the accuracy thereof.

THE SALE WILL BE CONTROLLED BY THE AUCTIONEER PROGRAM. Auctioneer is not responsible for malfunctions or system errors which could occasionally cause a bid or bidder to fail to be recognized or registered. If there is a dispute, the Auctioneer may re-open the bidding at the Auctioneer's sole discretion and shall serve as the sole arbiter as to who is or is not allowed to bid. The Auctioneer reserves the right to group, add to, delete, withdraw, consolidate or break down Properties or quantities offered, to sell out of scheduled sequence, to reject any bid which is only a fraction advance over the preceding bid, to regulate bidding and to accept or reject any or all bids. Absentee bids may be accepted at the discretion of the Auctioneer. Any and all decisions of the Auctioneer regarding the order and conduct of the auction shall be final and absolute without liability to any party. Seller reserves the right to cancel or withdraw any Property at any time.

All auctions are subject to court or seller approval. Most sales are approved within 14 days. Buyers are not allowed possession until filing of the deed, at which time the Property should be re-keyed. "Showing" requests from Buyers after the auction may not be able to be accommodated.

Bidding starts at the nominal Opening Bid(s) indicated and is open to all who registered and are approved. The Auctioneer will call the sale and control any increments of bidding. The bidding will continue for a period of three (3) to five (5) days for each Property. The auction ends at a predetermined time, with an Overtime Period if necessary, which is defined as follows: if a bid is placed within three (3) minutes of the close of bidding, then another three (3) minute period commences from the time of the last bid until no bids are placed within the next three (3) minutes. The last bid shall be made final.

Following the close of the auction, Auctioneer or Title Company will contact Buyer by electronic mail, telephone or facsimile to provide documents for execution. All purchase documents will be provided to the Buyer and Buyer will be required to sign and return all purchase documents to Auctioneer via overnight delivery. Buyer shall have two (2) days following the auction to return all completed documents or shall be subject to paying a liquidated damages amount equal to the Down Payment. If you wish to have the purchase documents reviewed by an attorney, please contact Auctioneer PRIOR to the Auction and we will provide them to you for review so as to not delay the post auction process. You may also obtain a copy of our current contract on our website at www.williamsauction.com. The contract is not subject to negotiation. The Down Payment is not an “option” payment. The balance of the Total Purchase Price, along with all other costs and/or fees, must be paid as required in the Contract for Sale.

If Buyer is a winning bidder and refuses or fails to complete the transaction for ANY reason (including, but not limited to, remitting the total purchase amount), Buyer 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 Seller. PLEASE BE ADVISED: Various state statutes give 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 acts.

SELLER AND AUCTION COMPANY HAVE NO KNOWLEDGE OF THE SUBJECT PROPERTY OR ITS FIXTURES OR CONDITION AND ARE NOT RESPONSIBLE FOR SUCH.

THE MATERIALS IN THE WEBSITE ARE PROVIDED “AS-IS” AND WITHOUT WARRANTIES OF ANY KIND EITHER EXPRESS OR IMPLIED, TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW. AUCTIONEER DISCLAIMS ALL WARRANTIES INCLUDING THOSE OF MERCHANTABILITY AND/OR FITNESS FOR A PARTICULAR PURPOSE. AUCTIONEER DOES NOT WARRANT THAT THE FUNCTIONS CONTAINED IN THE AUCTIONEER PLATFORM OR MATERIALS WILL BE UNINTERRUPTED, ERROR-FREE, OR ACCURATE, THAT DEFECTS WILL BE CORRECTED, OR THAT THIS WEBSITE OR THE SERVER THAT MAKES IT AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. AUCTIONEER DOES NOT WARRANT OR MAKE ANY REPRESENTATIONS REGARDING THE USE OF OR THE RESULT OF USE OF THE MATERIAL IN AND ON THIS WEBSITE IN TERMS OF THEIR CORRECTNESS, ACCURACY, RELIABILITY, OR OTHERWISE. YOU (AND NOT AUCTIONEER) ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING, REPAIR OR CORRECTION. THE ABOVE EXCLUSION MAY NOT APPLY TO YOU, TO THE EXTENT THAT APPLICABLE LAW MAY NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES.

BY REGISTERING FOR THE AUCTION, YOU ACKNOWLEDGE HAVING READ, AGREED TO, AND ACCEPTED THESE TERMS & CONDITIONS, AS MAY BE UPDATED FROM TIME TO TIME PRIOR TO THE AUCTION. YOU ARE ENTERING INTO A BINDING CONTRACT. THERE ARE NO REFUNDS OR BID CANCELLATIONS. THE REGISTERED BIDDER IS PERSONALLY RESPONSIBLE, LEGALLY AND FINANCIALLY FOR ALL AUCTION ITEMS BID UPON WHETHER REPRESENTING ONE'S SELF OR ACTING AS AN AGENT. AN ONLINE BID ACCEPTED AT PUBLIC AUCTION IS A LEGAL AND BINDING CONTRACT TO PURCHASE. ANY BIDDER WHO FAILS TO CONSUMATE A PURCHASE WILL BE BANNED FROM BIDDING AT ALL FUTURE SELLER AUCTION EVENTS AND MAY BE PURSUED FOR CIVIL AND/OR CRIMINAL VIOLATIONS. YOU ACKNOWLEDGE THAT ACCEPTANCE BY ELECTRONIC MEANS IS BINDING AND ENFORCEABLE PURSUANT TO THE ELECTRONIC SIGNATURES IN GLOBAL TRANSACTIONS ACT (“UETA”) AND APPLICABLE STATE LAWS.



Legal Description: URBANA: Solar marcado con en número 32 de la manzana AR en el plano de inscripción de la Urbanización Valle Verde, radicado en el Barrio Hato Tejas del término municipal de Bayamón, Puerto Rico, con un área superficial de 310.50 metros cuadrados. En lindes por el Norte, en 23.00 metros, con el solar número 23 de la manzana AR; por el Sur, en 23.00 metros, con el solar número 31 de la manzana AR; por el Este, en 13.50 metros, con el solar número 8 de la manzana AR y por el Oeste, en 13.50 metros, con la Calle número 33. Enclava una casa de hormigon y bloques de concreto para uso residencial de uso familiar. TAX PARCEL: 061-034-167-32-001
Property
32-Ar Valle Verde Development,
Bayamon, PR 00956
Directions From
To

* Address placement is approximate





For questions about this auction,
please contact Williams & Williams Customer Support 1.800.801.8003 (en Español 1.800.235.3889 or servicioalcliente@williamsauction.com)

Williams & Williams
7120 S. Lewis Ave Ste 200
Tulsa, OK 74136
Enter your E-mail Address
or Edit My Auction Alerts
Please enter an e-mail address.
If you are already signed up to receive auction alerts and would like to edit
your preferences
PR Broker:
JULIA T. ACOSTA BETANCOURT. 787-616-2644. Lic.# C-10579