USBC - Raymond & Associates, Coden, AL

Coastal Auction Co., Inc.

14562 Shell Belt Road W.

Coden, AL 36523

Date(s) 3/1/2017 - 4/1/2017

NOTICE: DUE TO EXPECTED THUNDERSTORMS ON THURSDAY, MARCH 30TH, THIS AUCTION HAS BEEN RESCHEDULED TO SATURDAY, APRIL 1ST AT 10:00 AM (CST) Equipment: Saturday, April 1, 2017 at 10:00 AM (cst) Real Estate: Saturday, April 1, 2017 at 11:00 AM (cst)

Past Auction

Catalog

View Catalog (303 Lots)

Bidding Notice:

DUE TO INCLEMENT WEATHER EXPECTED AT THE AUCTION LOCATION ON THURSDAY, MARCH 30TH, THIS AUCTION HAS BEEN RESCHEDULED TO SATURDAY, APRIL 1ST AT 10:00 AM (CST). Please review all terms and conditions of sale prior to bidding. Inspection dates and times available so please inspect all items prior to bidding. No returns or refunds. Everything is sold "as is/where is". NOTE: All items may not be ... Show More

Auction Notice:

All purchased items must be removed from auction site by April 10, 2017.

Auction Information

Name	USBC - Raymond & Associates, Coden, AL
Auctioneer	Coastal Auction Co., Inc.
Type	Live Webcast Auction
Date(s)	3/1/2017 - 4/1/2017
Auction Date/Time Info	NOTICE: DUE TO EXPECTED THUNDERSTORMS ON THURSDAY, MARCH 30TH, THIS AUCTION HAS BEEN RESCHEDULED TO SATURDAY, APRIL 1ST AT 10:00 AM (CST) Equipment: Saturday, April 1, 2017 at 10:00 AM (cst) Real Estate: Saturday, April 1, 2017 at 11:00 AM (cst)
Preview Date/Time	ALL WEEK Monday thru Friday - March 27, 28, 29, 30 and 31st from 9AM until 4PM (cst) Auction personnel will be onsite every day.
Checkout Date/Time	All items purchased must be removed by April 10, 2017.
Location	14562 Shell Belt Road W. Coden, AL 36523
Buyer Premium	12% Buyer's Premium
Description	US Bankruptcy Court - Case #15-01883, Terrie Owens, Trustee - All Equipment and Real Estate with Tract #3. US Bankruptcy Court - Case #14-06967, Lynn Andrews, Trustee - Tract #2 (12 Acres, fronts water Tract #1 with Large 73' x 200' Bldg.) Tract #1 with large 73 ft. x 200 ft. Bldg and 1.7 Acres - no connection to the Bankruptcy cases - Very desirable property that joins Tract #2. Equipment and Personal Property associated with the auction.

Terms and Conditions

Buyer's Premium 12%. All Bids are Final. All items are sold as is/where is with no warranty or guarantee. Catalog is meant as a guide. No warranties or guaranties as to accuracy, year, hours, descriptions, count, measure, weight, condition, value, merchantability, safety, or usability is expressed or implied. Inspect all items before bidding. Descriptions and Catalogs both printed and online are meant only as a guide. Buyer is responsible for disassembly and removal of items. Inspection prior to bidding is recommended and available. Buyer is responsible for all freight, handling costs, and taxes where applicable. Full settlement is due on day of sale. ACCEPTED forms of payment: Cash, Cashier's Check/Money Order, Personal/Business Check with Bank Letter of Guarantee. VISA, MasterCard, Discover, American Express - (3% Fee Applies to Credit Card Purchases). Credit Cards must match driver's license to be accepted by Coastal Auction Co., Inc.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 1,000.00	10.00 USD
1,000.01 - 5,000.00	20.00 USD
5,000.01 - 35,000.00	100.00 USD
35,000.01 - 9,999,999.99	1,000.00 USD

Payment Information

Currency	USD
Buyer Premium	12% Buyer's Premium
Payment Terms	REAL ESTATE DOWN PAYMENT (DEPOSIT): The Winning Bidder shall be required to make an earnest money down payment equal to $200,000.00. This deposit must be paid by wire transfer (or by certified funds), by close of business the day following the bidder being declared the Winning Bidder. Winning Bidders whose documents and deposit are not received within the required timeframe are subject to paying a liquidated damages amount equal to the down payment (charged to the credit card used at registration) and will not be allowed to bid in any future Coastal Auction Co., Inc. events. 12% Buyer's Premium will apply. Balance due at closing within 30 days. Property taxes prorated. ONLINE BIDDING FOR REAL ESTATE ONLY: If you plan to bid on the Real Estate for this auction and not able to physically attend the auction, please call Coastal Auction Co., Inc. at 800-669-5717or 251-967-4044 NO LATER THAN THURSDAY, MARCH 29TH to qualify for bidding on this property. PERSONAL PROPERTY PAYMENT: Full payment auction day. No exceptions. 12% Buyer's Premium will apply. Charge cards will incur 3% additional fee.

Shipping / Pick Up

No shipping available. Pickup available Sunday and Monday, April 2 and 3 from 9AM until 4PM (cst). All items must be removed by April 10th, 2017 - NO EXCEPTIONS.

Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.