40 AC. Real Estate-Wheeler Property, Rawley, CO

Bidding Notice:

Properties are sold as is, where is. Buyer to verify all information. It is recommended that perspective buyers conduct their due diligence including in person visit to the properties. Properties are all sold free and clear of all liens and encumbrances. 6% Buyer's Premium on final hammer price $649 Documentation fee for transfer and recording. Fee includes up to 2 owners or one business on ... Show More

Auction Notice:

Earnest Money deposit of $5000 due at auction close. Request for earnest money deposit will be sent to email address of winning bidder within 24 hours of auction close. Failure of this charge will negate your bid and item will revert to next high bidder. Full payment due within 5 business days. Payment for Property balance must be made by guaranteed funds. Wire Transfer, Cashiers Check, ... Show More

Information

Lot #	24
Group - Category	Real Estate - Residential
Lead	40 AC. Real Estate-Wheeler Property, Rawley, CO
Description	NO RESERVE Auction for 100% ownership of the Joe Wheeler Property in Saguache County, Colorado. Forty (40) Acres. Ordered foreclosure due to lessee default. Appraisal of the property is $160,000 in 2020. Real property, being sold unencumbered with no liens or back taxes. Fee simple transfer. Please see legal description for more information. 6% Buyers Premium $695 Documentation/Closing fee. It is recommended that perspective buyers conduct their due diligence, including in person visit to the properties. If you are unclear on any aspects of ownership of real property, MRO, SRO or purchase thereof, it is recommended that you seek legal advice before registering or bidding. Properties are sold as is, where is. No other warranties or representations. The Joe Wheeler Property will be sold to highest bidder with NO RESERVE. Legal Description: Joe Wheeler Property - MRO Serial: CMC294748, CMC294749. Saguache County, Colorado SE 1/4 SEC 5, T47N R8E, New Mexico Meridian. The property was appraised at $160,000 in 2020. The Joe Wheeler Property is a fully surveyed, forty (40) Acre Mineral property located in Saguache County, Colorado. The property was surveyed and verified in and 2020. The Joe Wheeler is a silver and gold property in the Alder Creek District. The Alder Creek District is famous for its rich silver deposits and easy workings. The district was immortalized by Zane Grey in his book “The Border Legion” where a large portion of the book takes place with the Miners working in the Alder Creek District. The property is made up of 3 main mines with other portals and air vents throughout. The mines are cut on a general trend that increases chalchopyrite and gold value as it deepens. The lowest portal on the property is known as the Joe Wheeler Mine and is an adit that extends roughly 175’. In wet seasons there is some water that discharges from this portal. This portal was originally known as the Golden Wave prior to 1900. This adit, or haulage tunnel, intersects the shafts that are 375’ up the hillside from the portal. There are also two small adits, both collapsed directly in line with the Joe Wheeler mine that are assumed to intersect with the upper levels of the mine as noted in historical mining reports. There is a mining camp just east of the Joe Wheeler adit. The camp is rather substantial for the location, and contains an explosives storage shed and bunk house made to house 8-10 individuals. The building is circa 1920-1940 based on the windows and chinking method of binding the logs. Near the northern end of the claims is the most recent development on the Joe Wheeler site. A headframe and hoist house, circa 1960-1980, sits over a timbered shaft. The dumps on the Joe Wheeler property are broken up into 5 distinct areas and have been individually sampled and assayed. • Dump 1, located at 11,000’, which is the northernmost site with the headframe and hoist house, contains a vastly different type of dump material than the other dumps. The material is highly oxidized and also shows a large amount of galena which appears to be lead-heavy. Samples assay at 6.809 oz/T AG, and 0.388 oz/T in AU. • Dump 2, located at 10,987’ is from a smaller mine, likely less than 100’. It is at nearly the same elevation as Dump 1 but the material is finer and shows little oxidation. Galena is present in some brown, grainy host rock. Samples assay at 1.54 oz/T AG, 0.167 oz/T AU. • Dump 3, located at 10,675, is the Joe Wheeler adit. This dump is slightly oxidized and shows pyrites, some quartz and galena. Samples assay at 2.294 oz/T AG, 0.311 oz/T AU. • Dumps 4 and 5 are in line with the Joe Wheeler adit and show similar dump material. Assays were combined for this material and showed 3.327 oz/T AG, 0.283 oz/T AU. The water coming out of the Joe Wheeler is clear and does not show oxidation or other material break down from inside the mine. The Joe Wheeler property is located high on the mountain-side and the majority of the terrain between the mines is steep. There are established 4WD roads that wind through the property. There is running water on the property, this could be utilized for operations or for drinking water if properly treated. Riparian rights apply to water and timber. No permitting is included or implied. Bidder is responsible for all diligence and validation of information provided. This is a NO RESERVE auction. 100% interest and ownership of the properties will be transferred to the winning bidder. Winning bidder will receive the deed to the property, clear and unencumbered title of ownership. Property conveyance includes 100% interest and ownership (MRO) of all locatable minerals. Rights to development are also included with ownership of the mineral properties. Conveyance does not include exclusive surface ownership(SRO). These properties are suitable for mineral development and mining activities. It is recommended that potential bidders obtain legal advice if they are unclear of the caveats or stipulations related to mining properties. Absolute sale of real property. Please view all terms and condition of the auction and be prepared to abide. Ownership transferred by Quit Claim Deed with no caveats or restrictions. Warranty Deed is available at additional fee.

Auction Information

Name	Western States Land & Real Estate Foreclosure Auction
Auctioneer	Gold Rush Art Gallery
Type	Online-Only Auction
Date(s)	4/8/2024 - 6/1/2024
Auction Date/Time Info	Auction will Start Monday, April 8th 8:00am (MST). Auction will end on Saturday, June 1st starting at 12:00PM MST. Each lot will soft close.
Preview Date/Time	Perspective Bidders/Buyers may visit properties without prior permission from 04/09/2024 until 05/29/2024. Buildings and locked structures are not accessible without a property representative. Please contact us to set up a time for access. Seller is not responsible for access, weather or other impediments.
Checkout Date/Time	Earnest Money deposit of $5000 per lot is due within 24 hours of auction close. Request for payment will be sent to the winning bidders email on file. Failure to meet this deposit will result in forfeiture of bid and item will be offered to next high bidder. Full payment due within 5 business days from the end of the auction. By Friday, June 7th, 2024 at 4:00PM MST.
Location	7355 E 200 S HUNTSVILLE, UT 84317
Buyer Premium	6% buyers premium required
Description	Spring collection of properties from all over the western United States. Utah, Montana, Colorado, California, Nevada, Oregon and New Mexico. Properties have been ordered sold at NO RESERVE. Residential, Recreational, Historic, Patent, SRO, MRO and more. Properties are professionally surveyed and will be sold with clear title. No back-taxes, liens or other encumbrances. Properties are sold fee simple absolute. These are properties that have gone under foreclosure for lack of payment and are now clear and ready for transfer. Residential properties with well and septic in Montana. Rare buildable lots in the hills above Idaho Springs in Colorado. Tax foreclosure in Utah, Mining cities in Oregon, Silver Mines in Colorado, Gold mines in Montana, Colorado, Oregon and much, much more. All to be sold at NO RESERVE. 6% Buyer's Premium on final hammer price. $649 Closing/Documentation fee for transfer and recording. Fee includes up to 2 owners or one business on title. Additional owners may incur additional fees. Transfer of interests via Quit Claim Deed. Warranty deed available at additional cost. Ownership of the property transferred in full with no caveats or restrictions. No HOAs or other title restrictions. It is recommended that perspective buyers conduct their due diligence prior to any bidding, including "in person" visit to the properties. Map links to property is included in auction links for each property. If you are unclear on any aspects of ownership of real property or purchase thereof, it is recommended that you seek legal advice before registering or bidding. Properties are sold as is, where is. No other warranties or representations.

Terms and Conditions

Bidder agrees to comply with these Terms & Conditions defined below as a prerequisite for Auctioneer's acceptance of the Bidder's Registration and Bid Card ID. Bidders with negative scores and unpaid auctions will be removed. The total amount due will be the final 'hammer' price plus the buyer premium (6%) and a $649 documentation/closing fee per auction lot. Bidders are encouraged to conduct due diligence on all purchases and to seek legal advice regarding the purchase of these and any properties. Bidders are encouraged to conduct site visits to see properties in person prior to placing any bids. PAYMENT: CASH SALE - All payments in GUARANTEED funds only. Real property transfer, we cannot accept Credit Cards or PayPal for Real Property. CASH, WIRE TRANSFER or CERTIFIED BANK CHECK ONLY. Full Payment is due within 5 days of Auction Closing. All Title Closings and Recordings are executed by our staff in house. Deeds in less than 30 days in most cases. An Earnest money deposit is required for each lot at closing. This earnest deposit is $5000. Request for payment will be sent to wining bidder for the earnest money deposit and must be paid within 24 hours of auction close. Earnest money deposit is NOT refundable. If bidder fails to submit balance due within 5 business days the earnest deposit is forfeit with no refunds or credits. The Earnest Money deposit will be accompanied by a non-contingent Purchase Agreement. Any bids or earnest money deposits are considered acceptance of aforementioned Purchase Agreement. Payment in full is required within 5 business days of auction end without exception. Failure to make payment in required time will result in the lot being offered to the next highest bidder. Earnest money deposit will NOT be refunded. Invoices must be paid by guaranteed funds (Wire Transfer, Cashiers Check, Cash). This auction is for real property and no credit cards are accepted for payment above and beyond the earnest deposit. 100% interest and ownership of the properties will be transferred to the winning bidder. This is fee simple, absolute transfer. Free and clear title shall be given by a standard quit claim deed free and clear of any encumbrances and liens. Warranty deed is available for $1295 on any property. No back taxes, liens or other encumbrances. TERMS and FEES: High bidder will receive the deed(s) to the property upon full payment of auction, subject to clearing of funds. Clear and unencumbered title of ownership will be transferred by Quit Claim Deed. Warranty Deed is available for an additional $1295.00. A 6% buyer premium will apply to the winning bid. A $649 Documentation fee is added to each lot sold. By registering and bidding on this auction, the bidder agrees to receive text messages and email, that are directly related to the GRAG Property Auctions. CONDITION AND DILIGENCE: All properties are sold in "AS-IS" condition with all faults and defects and without warranty or guarantee of any sort. Prior to bidding, each bidder is advised and responsible to conduct an independent due diligence to ascertain characteristics, attributes and condition of the property. Failure to conduct diligence activities shall not constitute a waiver of any sort. TRANSFER OF OWNERSHIP. Conveyance of properties is completed by the GRAG Closing staff via registered and recorded Quit Claim Deed. Bidder authorizes Auctioneer to act as Bidder’s agent to complete any closing documents, or any corrective documents thereafter. For each Lot, Bidder must specify the Deed Transfer Information. Should the Bidder fail to specify Deed Information within 10 business days after payment of balance, Bidder authorizes Auctioneer to convey each Lot using the Bidder’s name and address as registered in the auction. All sales are subject to seller approval.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 1,000,000.00	10.00 USD

Payment Information

Currency	USD
Buyer Premium	6% buyers premium required
Payment Terms	An Earnest money deposit is required for each lot at closing. This earnest deposit is $5000. A request for payment will be send upon close of auction. Earnest money deposit is NOT refundable. If bidder fails to submit balance due within 5 business days the earnest deposit is forfeit with no refunds or credits will be given. The Earnest Money deposit will be accompanied by a non-contingent Purchase Agreement. Any bids or earnest money deposits are considered acceptance of aforementioned Purchase Agreement. CASH SALE - All payments in GUARANTEED funds only. Real property transfer, we cannot accept Credit Cards or PayPal for Real Property. CASH, WIRE TRANSFER or CERTIFIED BANK CHECK ONLY. Full Payment is due within 5 days of Auction Closing. All Title Closings and Recordings are executed by our staff in house. Deeds in less than 30 days in most cases. Payment in full is required within 5 business days of auction end without exception. Failure to make payment in required time will result in the lot being offered to the next highest bidder. Earnest money deposit will NOT be refunded. Invoices must be paid by guaranteed funds (Wire Transfer, Certified Bank Check, Cash). This auction is for real property and no credit cards are accepted for payment above and beyond the earnest deposit. 100% interest and ownership of the properties will be transferred to the winning bidder. This is fee simple, absolute transfer. Free and clear title shall be given by a standard quit claim deed free and clear of any back taxes, encumbrances or liens. Warranty deed is available for $1295 on any property.

Shipping / Pick Up

GRAG will process all closings and deed preparation. In most cases deeds can be processed in less than 30 days. For each Lot, Bidder must specify the Deed Transfer Information. Should the Bidder fail to specify Deed Information within 10 business days after payment of balance, Bidder authorizes Auctioneer to convey each Lot using the Bidder’s name and address as registered in the auction. Deed will be executed same business day that full payment is received. It is the bidders responsibility to verify that all information is validated.

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.

Lot # : 24 - 40 AC. Real Estate-Wheeler Property, Rawley, CO