ONLINE AUCTION TERMS AND CONDITIONS
Ordered Sold by US Federal Bankruptcy Court
All Dry of Ohio, Inc.
Case No. 24-10567
2021 Big Tex 90SR Tandem Axle Single Ram Dump Trailer
1998 Chevrolet C/K 3500 Crew Cab Pick Up Truck
The assets are located at our office at 1126 Old St. Rt. 74, Batavia, OH 45103
Assets may be inspected at our office during daylight hours.
Online Auction: This auction is being conducted as a timed ONLINE Auction. The auction will begin on Wednesday June 12 and begin to end on Wednesday June 26, 2024 @ 2:00 PM. If a bid is placed within two minutes of the bidding deadline, the deadline will be extended by an additional two minutes. The two-minute extension will continue until no bid is placed within two minutes of the bidding deadline. You can participate in the bidding from a computer or mobile device by logging on and registering at www.assetiqllc.com. A valid credit card must be used to register to bid.
Payment. The highest bidder will be notified by email upon the conclusion of the auction that their bid is being submitted to the bankruptcy trustee for final approval. Final approval will occur no later than 4:00 PM on the day the auction ends. Payment will ONLY be accepted in the form of cashier's check, or wire transfer. To make wire transfer arrangements please contact Cindy Chambers at 513.724.1133 or email cchambers@assetiqllc.com. Cashier's check may be delivered to our office between 9 AM & 4 PM on Thursday June 27, 2024. Payment must be made in full no later than 4 PM on Thursday June 27, 2024. Any unpaid balances are subject to collection by the Federal Bankruptcy Court.
Buyer Premium. A fifteen percent buyer premium will be added to the high bid amount to determine the full purchase amount to be paid by the purchaser. Therefore, the full purchase price to be paid by the Buyer is the sum of the final bid price as acknowledged and accepted by the software/program, plus the Buyer Premium of fifteen percent of the final bid price. Example: High bid amount of $10,000 plus $1,500 (fifteen percent buyer premium) equals final purchase price of $11,500.
Purchases may only be removed after payment in full has been received by the auction firm. Purchases MUST be removed no later than 4 PM on Monday July 8, 2024.
Charges in the amount of $50 per day will be charged to the Purchaser expense removed from the premises. Buyer hereby grants Asset IQ LLC an irrevocable power of attorney to remove and/or store the purchased assets at Buyer's expense. The assets shall not be released until Asset IQ LLC has received payment in full in good, cleared funds.
Title. Trailer: The trailer is selling free and clear of any and all liens. A copy of the Certificate of Origin For A Vehicle in addition to a Bill of Sale will be issued to the buyer upon payment.
Truck: The truck is selling free and clear of any an all liens. A Bill of Sale will be issued to the purchaser upon payment and a fully executed Title will me mailed within 30 days of the completion of the auction.
Licensing fees. In addition, the Buyer shall be responsible for any and all licensing fees required by their state.
Insurance. Insurance of items purchased shall be the Buyer's responsibility. Buyer is advised to place insurance on all purchases prior to removal.
"AS-IS" - no warranties. All items are being sold "AS-IS, WHERE-IS, WITH ALL FAULTS, and as the bidders believe it to be". Bidders are responsible to inspect the items prior to bidding and satisfy themselves as to their condition and all other matters relating to the items purchased. We encourage bidders to inspect the assets prior to bidding.
Assets will sell to the highest bidder with no starting price, subject to trustee confirmation.