Online Only Auction
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High Bid: 15,020.00 USD
62 Bids
Time Remaining: 11d 6h 51m
Soft Close
Shipping Not Available
Date(s)
4/8/2024 - 6/1/2024
AUCTIONEER INFORMATION
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 # 27
Group - Category Real Estate - Ag / Farm Land
Lead 60 Acre Real Estate-Governor Property, New Mexico
Description
NO RESERVE Auction for 100% ownership of the Governor Property in Sierra County, New Mexico. Sixty (60) Acres. Ordered foreclosure due to lessee default. Appraisal of the property is $170,000 in 2021. 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 Governor Property will be sold to highest bidder with NO RESERVE. Legal Description: Governor Property - MRO Serial: NM105269601, NM105269597, NM105269594 Sierra County, New Mexico NE 1/4 SEC34, T14S R4W, New Mexico 1855 Meridian. The property was appraised at $170,000 in 2021. The Governor Property is a fully surveyed, Sixty (60) Acre Mineral property located in Sierra County, New Mexico. The property was surveyed and verified in and 2021. The Governor Mine is a series of workings just west of the Palomas Gap in the Sierra Caballos range. The mines are located in the Caballo Mountain District. Commodities of the site include Fluorite, Opal and Copper. Access to the mines is via a good, high clearance 4WD road. There is road access to all of the primary workings on the site. The Mines have a long history, placer gold deposits were worked by Spanish and Mexican miners as far back as 1500. Copper minerals were important to the local tribes for their brilliant blue color. In 1886-87, the Governor mine was located for copper, galena (silver) and gold deposits. The miners of the area were subjected to Indian attacks and the mine was abandoned by 1896. After Indian treaties, miners flooded back into the region and the Governor was worked in earnest from 1904 into the 1940's. The Governor, during those years, was mined for copper, fluorite and galena. The metal values oft times increased with depth, but miners had to cut through a thick layer of calcite and fluorite with opal. Fluorite today is highly valued for gem and mineral values. "Opalized" fluorite (opal in fluorite) is quite rare and only known to be found in the western United States. Real fluorite is difficult to come by and synthetic fluorite is what is commonly sold at rock and mineral shows. Large fluorite samples with specific qualities can sell for more than $5000 per pound in a specimen grade. The fluorite at the Governor is varied grades. Opal and Calcite are present in the vein material. There are various variations of copper based minerals throughout the site. A series of adits and shafts work through the site and allow an insight for the minerals still contained below the surface. An estimated 1,800’ of development combined on the site. The workings on the Governor are cut into stable, competent limestone host rock. 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.
Name Western States Land & Real Estate Foreclosure Auction
Auctioneer
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
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.
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.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 1,000,000.00 10.00 USD
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.
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.