The Closing Costs of the Real Property Title will be Paid By The Buyer.
Property tax due up to time of closing will be paid by the seller.
All American Title of Hibbing will prepare the Standard Purchase Agreement per auction terms and perform the real estate closing per Real Estate Auction Statutes.
The Winning Bidder will Be Expected to pay the buyer's premium to Asset Liquidation Auctions within 48 hours of auction close. Then buyer will be put in contact with All American Title Company to sign the Purchase Agreement and complete the closing with the seller for the amount of the final bid plus buyer closing costs.
BP Cap of $1000.00 DOES NOT apply to REAL ESTATE AUCTIONS.
LOW 2% Buyer's Premium on this Property!
BY PLACING A BID, BIDDER ACKNOWLEDGES AND AGREES TO ACCEPT THE PROPERTY IN AS-IS CONDITION, COMPLETE THE SALE WITHIN 30 DAYS AS DIRECTED BY ALL AMERICAN TITLE COMPANY AND PAY THE HIGH BID PLUS ALL CLOSING COSTS.