Commercial Property Auction Details

Wyndham Vacation Ownership #640404265, Daytona Beach, FL 32118
  • homes auction
  • homes auction
  • homes auction
  • homes auction
  • homes auction
  • homes auction
Wyndham Vacation Ownership #640404265, Daytona Beach, FL 32118
Auctioned: 9:25 AM Tuesday, March 20, 2012

For questions about this auction,
please contact Williams & Williams Customer Support 1.800.801.8003

Wyndham Vacation Ownership #640404265, Daytona Beach, FL 32118
330292 00-1346-BR-/03-2012

US Marshals Service Seized Asset

This a vacation ownership contract based on a point system and has a value of 308,000 annual points, undivided ownership interest (UDI). These points can be used at any Wyndham Resort nationwide. Points are the symbolic value based upon the use rights in their property interest. Points are also the symbolic value assigned to the right to occupy an accommodation or vacation unit. The point values for each type of unit will vary, depending on the size of the unit, the time of year, day of week and the particular resort where the points are being used. Points can be used at several resorts that are included as part of the property interests within Club Wyndham Plus. Points can also be used within an exchange network.
Monthly Dues: $152.46 (any past due amounts will be paid by the seller at closing)



Real estate forfeited under laws enforced by the United States Department of Justice and its investigative agencies including the DEA, FBI and ATF.



See resort details below
Property ID:330292

Auctioned: 9:25 AM Tuesday, March 20, 2012

US MARSHALS SERVICE SEIZED PROPERTY

Details: Although the amenities will vary from resort to resort, this particular resort has the following amenities:
Unit Features:
* Fully-equipped kitchen
* Stove with oven
* Full-sized refrigerator, microwave
* Washer/Dryer
* Whirlpool Tub (some)
* TV/DVD or VCR Player
* Air Conditioning

Resort Features:
* Outdoor Swimming Pools
* Indoor Swimming Pools
* Kids Program – “Get Out and Play” Fun Activities
* Beach
* Exercise Equipment
* Outdoor Hot Tub
* Restaurant
* Game Room
* Live Entertainment
* Outdoor Bar and Grill

Legal Description: A 308,000 / 269,558,000 undivided tenant-in-common fee simple interest in the grouping of VOI Units commonly known as Unit Weeks 1620 through 1633 and 1720 through 1733 of Fairfield Daytona Beach at Ocean Walk II, a Condominium according to the Declaration of Condominium thereof, recorded in Official Records Book 5279, Page 541, of the Public Records of Volusia County, Florida, and any amendments thereto, together with its undivided share in the common elements. Grantee(s) Contract Number with Grantor for the purchase of the interest identified herein is 64-0404265.


Auctioned: 9:25 AM Tuesday, March 20, 2012


Disclosures: Addendum Disclosure. Buyer acknowledges receipt of and has initialed the following: Addendum to Real Estate Purchase Contract, Lead Based Paint Addendum, Buyer's Certification Packet. Buyer responsible for all remediation and costs therein. Seller will pay the auction service fee (referenced in paragraph 3 of section 4 of the purchase contract) on behalf of the buyer at the time of closing.



Condominium Association Disclosure: Buyer acknowledges and understands that Property is bound by the

assessments and restrictions of Fairfield Daytona Beach at Ocean Walk II Condominium Association, Inc , contact Adam Callahan, Phone: 386-323-4884 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. Dues are approximately $152.54 per month and are subject to change. BUYER HEREBY ACKNOWLEDGES THAT BUYER HAS BEEN PROVIDED A CURRENT COPY OF THE GOVERNANCE FORM, DECLARATION OF CONDOMINIUM, ARTICLES OF INCORPORATION OF THE ASSOCIATION, BYLAWS AND RULES OF THE ASSOCIATION, AND A COPY OF THE MOST RECENT YEAR-END FINANCIAL INFORMATION AND FREQUENTLY ASKED QUESTIONS AND ANSWERS DOCUMENT MORE THAN 3 DAYS, EXCLUDING SATURDAYS, SUNDAYS, AND LEGAL HOLIDAYS, PRIOR TO EXECUTION OF THIS CONTRACT. Must be 21 years of age to purchase this timeshare.


Disclosures: Addendum Disclosure. Buyer acknowledges receipt of and has initialed the following: Addendum to Real Estate Purchase Contract, Lead Based Paint Addendum, Buyer's Certification Packet. Buyer responsible for all remediation and costs therein. Seller will pay the auction service fee (referenced in paragraph 3 of section 4 of the purchase contract) on behalf of the buyer at the time of closing.



Condominium Association Disclosure: Buyer acknowledges and understands that Property is bound by the

assessments and restrictions of Fairfield Daytona Beach at Ocean Walk II Condominium Association, Inc , contact Adam Callahan, Phone: 386-323-4884 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. Dues are approximately $152.54 per month and are subject to change. BUYER HEREBY ACKNOWLEDGES THAT BUYER HAS BEEN PROVIDED A CURRENT COPY OF THE GOVERNANCE FORM, DECLARATION OF CONDOMINIUM, ARTICLES OF INCORPORATION OF THE ASSOCIATION, BYLAWS AND RULES OF THE ASSOCIATION, AND A COPY OF THE MOST RECENT YEAR-END FINANCIAL INFORMATION AND FREQUENTLY ASKED QUESTIONS AND ANSWERS DOCUMENT MORE THAN 3 DAYS, EXCLUDING SATURDAYS, SUNDAYS, AND LEGAL HOLIDAYS, PRIOR TO EXECUTION OF THIS CONTRACT. Must be 21 years of age to purchase this timeshare.
Terms of Sale:

Thank you for participating in Williams & Williams Online Auctions. It is important that you familiarize yourself with the terms and conditions as all sales are final and irrevocable. The terms of sale are non-negotiable. Good luck and good bidding!

Registration at the auction (online and/or in person) 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 until you have read the terms and conditions. In order to bid on the auction items, all Bidders must be signed up as Members of williamsauction.com and register to bid on the specific property in question. There is no fee to register although a valid credit card will be required to verify identity and funds. By bidding you are representing to Williams & Williams ("Broker" and/or "Auctioneer") and the seller that you have read and agree to be bound by the terms and conditions for this sale as stated herein. If you do not agree with any of the terms and conditions stated DO NOT BID or you will be bound by those terms and conditions. By bidding you agree to all disclosures.

THE SALE WILL BE CONTROLLED BY THE AUCTIONEER PROGRAM. Williams & Williams 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 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 five (5) to seven (7) 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 two (2) minutes of the close of bidding, then another two (2) minutes period commences from the time of the last bid until no bids are placed within the next two (2) minutes. The last bid shall be made final.

Each high bidder must make a 5% non-refundable deposit per property ($2,500 MINIMUM - whichever is greater) at the conclusion of the auction. Electronic wire funds, credit card, check by phone, 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 deposit will be credited to the Contract. 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. Deposits will not be forwarded to any title company, or other party, for closing until WW's bank has received "cleared funds" for the deposit.

Within 24 hours immediately following the close of the auction, Auctioneer or Title Company shall 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.

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 act.

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. 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 sale.

Buyers receive a deed and Title Insurance Policy as provided by the Closer indicated in the Contract (any mobile/manufactured housing not legally affixed to the property shall only be conveyed by a Hold Harmless Agreement or Quit Claim Bill of Sale unless otherwise noted in the Disclosures). Current year's taxes are pro-rated through day of closing as is customary.

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. Seller DOES NOT WARRANT the accuracy thereof. Seller has made no independent investigation of any information provided, and assumes no responsibility for the providing of or absence of any information, whatsoever, or for the accuracy thereof.

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 - Where Is' and should be fully inspected prior to bidding on.

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

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.



Legal Description: A 308,000 / 269,558,000 undivided tenant-in-common fee simple interest in the grouping of VOI Units commonly known as Unit Weeks 1620 through 1633 and 1720 through 1733 of Fairfield Daytona Beach at Ocean Walk II, a Condominium according to the Declaration of Condominium thereof, recorded in Official Records Book 5279, Page 541, of the Public Records of Volusia County, Florida, and any amendments thereto, together with its undivided share in the common elements. Grantee(s) Contract Number with Grantor for the purchase of the interest identified herein is 64-0404265.
Property
Wyndham Vacation Ownership #640404265,
Daytona Beach, FL 32118
Directions From
To

* Address placement is approximate





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
FL Broker:
Daniel S. Nelson Re Lic BK3223097
Williams & Williams Re Lic 1032049

Auctioneer:
Williams & Williams Auc Lic AB2784