Name Coin Auction
Auctioneer A Auctioneer Broker Company
Type Internet Absentee Bidding
Date(s) 4/28/2015 - 5/30/2015
5/1-5/30
Preview Date/Time 4/31
Checkout Date/Time 6/1-6/10
Location 2212 West Manchester Blvd.
Inglewood, CA 90301
Buyer Premium A smalll premium for your purchased
Description
Auction for the sale of coins and jewelery both vintage and new
AUCTION TERMS AND CONDITIONS this auction will be conducted by 1FREEAUCTION.COM· ("Auctioneer") on behalf of one or more sellers (each, a "Seller") of real property assets or notes secured by real property (each, a "Property", and collectively, the "Properties"). Each person who participates in any auction shall be deemed a "Bidder." As used herein, the terms "Auctioneer", "Seller" and "Bidder" shall also refer to the respective principals, agents, and affiliates of each. The Bidder that submits the highest bid and is acknowledged by Auctioneer by email or telephone as the winning bidder is the "Winning Bidder" Auctioneer is acting as auctioneer for Seller, and is not acting as an agent for any Bidder in any capacity. By registering for the auction at www. 1FREEAUCTION.COM ("Auctioneer's Site"), Bidder acknowledges having read, agreed to and accepted these Auction Terms and Conditions ("Auction Terms"). By placing a bid on a Property, Bidder shall be deemed to have accepted the terms and conditions that were posted on the Property Page (defined below) for such Property at the time the bid were submitted. With respect to a particular Property or bid, the terms and conditions posted on the Property Page at the time such bid was submitted shall govern and control over these Auction Terms to the extent of any conflict. 1. REGISTRATION PROCESS Registration is required in order to bid. As part of such registration process, Bidders may be required to place a deposit to secure compliance with these Auction Terms (the "Initial Bidding Deposit"). The amount of the Initial Bidding Deposit varies and shall be disclosed at time of registration. In most cases, Bidders can satisfy the Initial Bidding Deposit requirement by placing an authorization and hold on a major credit card in the amount of the Initial Bidding Deposit or by placing the Initial Bidding Deposit with a third party escrow holder ("Deposit Servicer") selected by Auctioneer and governed by an Auction Bid Deposit Escrow Agreement ("Deposit Agreement"). Bidder may be responsible for any costs associated with the receipt, disbursement or maintenance of the Initial Bidding Deposit by Deposit Servicer. The amount of the Initial Bidding Deposit or payment method may be modified in Auctioneer's discretion or at Seller's request. Further information regarding the Initial Bidding Deposit for any particular auction or Property will be provided during the registration process on Auctioneer’s Site. The Initial Bidding Deposit placed by Winning Bidder may be applied towards the required "Earnest Money Deposit" (as hereinafter defined), unless the Initial Bidding Deposit was made by a credit card hold, in which case such hold will be released after confirmation that the "Purchase Documents" (as hereinafter defined) have been fully executed and the Earnest Money Deposit has been timely received. All Initial Bidding Deposits by other Bidders will be released after the auction. Auctioneer or Seller may require Bidders to show proof of readily available funds and/or complete a Bidder Qualification Form prior to registration approval. Bidder understands and acknowledges that Auctioneer or Seller may require additional proof of funds in order to bid above the amount of proof of funds actually reviewed and approved. The proof of funds requirement may vary by Bidder or in Seller's or Auctioneer’s discretion. When a Property is eligible to be financed, Bidders will be required to state whether they expect to finance the purchase. Bidders who expect to finance will be required to obtain pre-approval and provide information regarding the loan to Auctioneer and/or Seller. Financing terms and conditions for each Property can be reviewed on the Property's details page at Auctioneer's Site (the "Property Page"). Bidders will be emailed once their registration is complete and approved, and it is Bidder's responsibility to ensure that the registration is complete and approved prior to the start of the auction. Non-US Bidders may be permitted to register and participate in the auction; however, any purchase by such Bidders must be "all cash" and may not be financed unless Seller otherwise agrees. By registering for the auction, Bidder hereby authorizes Auctioneer to contact Bidder by phone or email, as provided during registration. Auctioneer may modify, waive, or impose additional registration requirements for certain Bidders in its sole and absolute discretion or at the request of Seller. A ten percent deposit will be required at close and the amount in full is due in 21 days. ? BIDDER DUE DILIGENCE Purchase Documents. Prior to bidding, Bidders must review the purchase agreement, purchase agreement, Seller's disclosure documentation, and all other transaction documents (collectively, 2 the "Purchase Documents"). The Purchase Documents for each Property can be reviewed on the Property Page. All bids should be based on the terms set forth in the posted Purchase Documents, and Winning Bidders shall accept such terms. Due Diligence. Prior to bidding, Bidders are required to conduct their own due diligence and investigate all matters relating to the Properties that they are interested in purchasing at the auction. It is each Bidder's responsibility to inspect each Property that Bidder is interested in purchasing, including , without limitation, legal, physical, environmental , economic, or other aspects, and to satisfy itself a to such Property's physical condition, attributes, and all other aspects of such Property, including, without limitation , any liens, encumbrances , 0assessments, dues, fines, and/or penalties. Bidder assumes all risks associated with any such inspection. In some circumstances Seller may be unable to provide physical access for inspections, and Bidders must bid accordingly at their own risk. All bids should be based solely on Bidder's independent due diligence and any information contained in the Purchase Documents. Property information has been gathered from a variety of sources and has not been independently verified by Auctioneer. Bidders are encouraged to consult with a licensed real estate broker, contractor, attorney, financial advisor, tax advisor, and/or other professional and fully investigate public records. In connection with any due diligence, inspection, visit and/or investigation of the Property, Bidders shall and must ensure that any person or entity acting on Bidder's behalf shall (a) refrain from placing or permitting any new liens on the Property, (b) repair all damage arising from inspections, (c) indemnify, defend and hold harmless Seller and Auctioneer from all liability, claims, demands, damages and/or costs directly or indirectly arising there from, and (d) carry any required policies of liability, workers' compensation , and other applicable insurance defending and protecting Seller and Auctioneer from liability for any injuries to persons or property occurring during any inspection. Property Value. The term "Previously Valued To" displayed on the Property Page for a Property refers to the higher of (a) the appraised value of the Property in connection with the most recent mortgage on the Property, (b) a recent asking price, (c) the assessed value, (d) a recent broker price opinion, or (e) for "Short Sale Market Validation" (as hereinafter defined) Properties only, any existing offer for the Property. ? BIDDING AND BUYING All bids are irrevocable. Any bid may be acknowledged by Auctioneer as the winning bid, even if such bid is below the "Reserve Price" (as hereinafter defined). Pre-Auction Sales. For some Properties, pre-auction bids may be submitted at Auctioneer's Site. All pre-auction sales shall be governed by these Auction Terms. All bids received will be communicated to the applicable Seller who may accept, or reject such bids in such Seller's sole and absolute discretion. Reserve Auction. Except for Properties noted "Absolute Auction" or "Minimum Bid Auction", all Properties have an unpublished minimum selling price established by Seller ("Reserve Price"). The starting bid is not the Reserve Price. Except where prohibited by law, Auctioneer may bid on behalf of Seller on any Property up to the amount of the Reserve Price (and no such bid will result in a sale of the Property). If the Reserve Price is not met, Seller is under no obligation to sell the Property; however, Seller may accept a bid that is below the Reserve Price in its sole discretion. Seller may withdraw a Property at any time prior to the announcement of the completion of the auction by Auctioneer. Absolute Auction. Properties to be auctioned without a Reserve Price or minimum bid will be listed in an "Absolute Auction" and will be sold to the highest Bidder. Minimum Bid Auction. Properties to be auctioned without a Reserve Price but with a minimum bid will be listed in a "Minimum Bid Auction" and will be sold to the highest Bidder that bids at or above the minimum bid amount. Subject to Confirmation. Seller may designate certain bids as "subject to confirmation" in its sole and absolute discretion. In such event, Winning Bidder's purchase is subject to, and contingent upon, Seller approving the purchase, which approval shall be granted or denied in Seller's sole and absolute discretion within the time period set forth in the Purchase Documents. Please review the applicable Property Page and the Purchase Documents for further information. Winning Bidder will receive a refund of monies deposited in the event Seller chooses not to approve the purchase. Buyer's Premium and Total Purchase Price. The actual total purchase 3 price ("Total Purchase Price") on the auction day (and at the closing) will be equal to the winning bid amount plus a buyer's premium ("Buyer's Premium") that is typically equal to the greater of five percent (5%) of the winning bid amount or the published minimum Buyer's Premium set forth on the Property Page. The Buyer's Premium may vary (see the Property Page for details), and in certain circumstances the Buyer's Premium may be waived at the request of Seller's lender. The Total Purchase Price will not include other amounts payable by Winning Bidder during closing, such as escrow/closing fees, property taxes, or insurance, as more fully set forth in the Purchase Documents. Extension of Auction Time. In order to allow final bids to be properly input and processed, Auctioneer may extend the close of bidding for any Property in certain time increments to allow for additional bids. Once an extension of time has elapsed with no additional, higher bids, then the bidding will be closed. Winning Bid. Winning Bidders will be contacted by an Auctioneer representative with the contact information provided during registration. The final Purchase Documents will then be emailed to Winning Bidder for electronic signature unless otherwise directed by Seller. As between Winning Bidder and Seller, the Purchase Documents supersede any and all other documents or information (including without limitation these Auction Terms) and serve as the governing documents for the sale of each Property after execution. Winning Bidder must sign the Purchase Documents within two (2) hours after they are sent by Auctioneer. If a Winning Bidder cannot be reached within two (2) hours of Auctioneer’s acknowledgment of the winning bid, or Winning Bidder fails to timely execute the Purchase Documents, Auctioneer or Seller may declare Winning Bidder to be in default. In the event of such a declaration, Winning Bidder's bid shall be null and void and Auctioneer and Seller shall have absolutely no further liability or obligation to that Bidder, and the Property may be immediately sold to another Bidder or placed in another auction. In addition, such Winning Bidder shall be subject to liquidated damages as set forth herein. Entity Purchasers. Winning Bidders wanting to take title in the name of an entity (not an individual person) must provide the necessary entity formation documents and resolutions authorizing the transaction. Such documents and resolutions must be provided within the timeframe specified by Auctioneer (which may be before or after the auction, in Auctioneer’s sole discretion). Seller, the escrow/closing agent or settlement attorney may require additional documentation prior to closing. Payment of Deposit and Remaining Balance. The Purchase Documents for each Property will require Winning Bidder to pay a deposit to the escrow/closing agent or Deposit Servicer, as applicable (the "Earnest Money Deposit"). The amount of the Earnest Money Deposit is specified in the Purchase Documents for each Property. Winning Bidders will receive instructions for submitting the Earnest Money Deposit after bidding has concluded for a Property. The Earnest Money Deposit must be received (including for Properties sold "subject to confirmation") no later than 5:00 PM in the time zone where the Property is located on the first business day following the auction, or if a different time frame is specified the Purchase Documents, no later than the such specified time frame. Winning Bidder's Initial Bidding Deposit may be applied to the required Earnest Money Deposit amount (unless the Initial Bidding Deposit was made by a credit card hold). The balance of the Total Purchase Price, along with all other costs and/or fees, must be paid as required in the Purchase Documents. If the Earnest Money Deposit is not received as set forth above, then Auctioneer or Seller may declare Winning Bidder to be in default. In such event, Winning Bidder shall be subject to liquidated damages as set forth herein. CANCELLATION/LIQUIDATED DAMAGES. IF WINNING BIDDER BREACHES THESE AUCTION TERMS, T HE WINNING BID MAY BE REJECTED BY AUCTIONEER AND/OR SELLER AND WINNING BIDDER'S INITIAL BIDDING DEPOSIT MAY BE RETAINE D BY AUCTIONEER AND/OR SELLER (AND IF THE INITIAL BIDDING DEPOSIT WAS MADE BY A CREDI T CARD HOLD, AUCTIONEER MAY CHARGE WINNING BIDDER'S CREDIT CARD THE AMOUNT OF THE INITIAL BIDDING DEPOSIT) AS LIQUIDATED DAMAGES, AND THE PROPERTY MAY BE IMMEDIATELY SOLD TO ANOTHER BIDDER OR PLACED IN ANOTHER AUCTION. BIDDER HEREBY ACKNOWLEDGES THAT THE ACTUAL DAMAGES RESULTING FROM A BIDDER'S BREACH OF THESE AUCTION TERMS WOULD BE DIFFICULT AND IMPRACTICAL TO CALCULATE. ALL BIDDERS AGREE THAT THE INITIAL BIDDING DEPOSIT IS A REASONABLE PRE- ESTIMATE OF THE RESULTING DAMAGES TO AUCTIONEER AND/OR SELLER AND IS NOT A PENALTY OR FORFEITURE. Short Sale Properties. Some Properties involve a sale in which the proceeds from selling the Property may fall short of the balance of debts secured by liens against the Property whereby the lien holders are being asked to agree to release their lien on the real estate and accept less than the amount owed on the 4 debt ("Short Sale"). All bids for Short Sale Properties are subject to the approval of all lien holders being asked to agree to release their lien on the Property (the "Short Sale Lender's Consent"). In the event that the Short Sale Lender's Consent is not received, the transaction will be cancelled and the Earnest Money Deposit will be returned to Bidder. Please review the applicable Property Page and Purchase Documents for further information. Short Sale Market Validation Properties: Some Short Sale Properties may have pending offers that are being market tested via the auction ("Short Sale Market Validation"). For Short Sale Market Validation Properties, Bidder's Earnest Money Deposit must first be deposited with a Deposit Servicer pending receipt of the Short Sale Lender's Consent. Bidder may be responsible for any costs associated with the receipt, disbursement or maintenance of such Earnest Money Deposit by Deposit Servicer. If the Short Sale Lender's Consent is obtained for a Short Sale Market Validation Property, the Earnest Money Deposit will be transferred directly to the escrow/closing agent responsible for closing the purchase and sale of the Property. If the Short Sale Lender's Consent is not obtained, the Earnest Money Deposit will be returned to Bidder. For Short Sale Market Validation Properties, Auctioneer is acting as Seller's auctioneer pursuant to an agreement among Seller, Seller's loan servicer and Seller's broker, if any, and the Reserve Price is established by Seller's loan servicer. Custom Commercial Auction Events. A commercial Property or a combination of commercial Properties may be auctioned through a custom auction event ("Custom Auction") in Auctioneer's sole and absolute discretion. In a Custom Auction, Bidders are invited by Auctioneer or Seller to submit indicative bid(s) ("Indicative Bid(s)"). An Indicative Bid is a non-binding offer to purchase Property before Seller commits to auction the Property on Auctioneer's bidding platform. In order to submit an Indicative Bid, Bidder must complete an Indicative Bid Form posted on the Property Page prior to the Custom Auction date. No deposit is required to submit an Indicative Bid; however, Bidder registration may be required. Submission and acceptance of an Indicative Bid does not legally bind either Bidder or Seller. In the event Seller decides to auction the Property, Seller will review the Indicative Bid(s) and use them to determine the Bidder(s) that Seller will invite to participate in the Custom Auction ("Invited Bidders"). Invitations to the Custom Auction are granted in Seller's sole and absolute discretion. The Indicative Bid(s) may also be used to determine whether each Property will be offered individually or whether multiple Properties will be combined within a single auction event. Please review the Property Page and the Purchase Documents for further information. 1. BROKER/AGENT PARTICIPATION We invite real estate broker and agent participation .A cooperating broker commission is attached (based on the winning bid amount) may be offered on some Properties. Any such cooperating broker commission will only be paid to cooperating brokers (a) who have duly registered as a "Registered Broker/Agent" online at Auctioneer 's Site prior to the conclusion of the auction, (b) who have been identified by their clients on the Bidder online registration profile, (c) who have timely provided all information and documents requested by Auctioneer and/or the escrow/closing agent or settlement attorney and (d) whose clients successfully purchase the Property and close the transaction. PLEASE SEE AUCTIONEER'S SITE AND PROPERTY PAGES FOR SPECIFIC COOPERATING BROKER COMMISSION AMOUNTS, IF ANY, RELATED TO SPECIFIC PROPERTIES. PLEASE ALSO SEE THE BROKER/AGENT REGISTRATION FORM FOR ADDITIONAL TERMS AND CONDITIONS. 1. GENERAL AUCTION INFORMATION Seller and Auctioneer reserve the right to deny, limit, or impose conditions on bidding and/or access to the online bidding platform at any time, for any reason (including, without limitation, Bidder's solvency, credit history, and Initial Bidding Deposit amounts). Auctioneer may postpone or cancel the auction, rearrange the order or sequence of the Properties in the auction, modify the Auction Terms by posting notice of modification on the Property Page, remove any Property from the auction, reject any or all bids and/or advance the bidding. Bidder hereby consents to Auctioneer, Sellers and/or their agents issuing press releases and other public communications regarding the auction and/or any Property offered or sold at the auction. 5 The respective rights and obligations of the parties with respect to these Auction Terms and the conduct of the auction shall be governed by, interpreted and enforced under the laws of California. All online auctions shall be conducted in the state of California and be governed by the laws of California. Any information on any website, in any brochure, e-mailer postcard and any and all information available regarding the Properties shall not constitute an offer to sell or a solicitant ion of any offer to buy any of the Properties referenced herein. Offers, bids or solicitations made during the auction are void where prohibited by law. If any sale would require registration or qualification under applicable state securities laws, no such sale may be consummated until such applicable requirements have been met. As between Seller and Bidder, no obligation to sell shall be binding on Seller unless and until the Purchase Documents have been signed and delivered by Seller and the Earnest Money Deposit has been received as required hereunder. After the Purchase Documents have been fully executed the Purchase Documents shall govern the relationship between Winning Bidder and Seller. 1. DISCLAIMERS; BIDDER REPRESENTATI ONS Auctioneer makes no representations or warranties as to the accuracy or completeness of any information contained on Auctioneer's Site, any Property Page, or as otherwise made available by Auctioneer, Seller or Seller's broker. Online bidding is provided on an "as is, as available" basis. NO WARRANTIES , EXPRESSED OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THOSE OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, ARE MADE WITH RESPECT TO AUCTIONEER 'S SITE, THE ONLINE BIDDING PLATFORM OR ANY INFORMATION OR SOFTWARE THEREIN (COLLECTIVELY, "WEBSITE "), AND AUCTIONEER EXPRESSLY DISCLAIMS ANY SUCH WARRANTI ES. EACH BIDDER AGREES TO USE THE WEBSITE AND SERVICES OFFERED BY AUCTIONEER AT BIDDER'S OWN RISK. Auctioneer makes no representation or warranty relating to management of the purchase and sale process. AUCTIONEER MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND OR CHARACTER WHAT SO EVER, WHETHER EXPRESS OR IMPLIED, WITH RESPECT TO ANY PROPERTY. EACH BIDDER HEREBY RELEASES AUCTIONEER AND ITS EMPLOYEES, OFFICERS, DIRECTORS , REPRESENTATIVES , ATTORNEYS, BROKERS AND AGENTS ("REPRESENTATIVES") FROM ANY AND ALL CLAIMS THAT ANY SUCH BIDDER MAY NOW HAVE OR HEREAFTER ACQUIRE AGAINST AUCTIONEER OR ANY OF ITS REPRESENTATIVES FOR ANY DAMAGE OR INJURY RESULTNG FROM OR RELATING TO ANY ERRORS, OMISSIONS OR OTHER CONDITIONS AFFECTING ANY PROPERTY . THIS RELEASE INCLUDES CLAIMS OF WHICH BIDDER IS PRESENTLY UNAWARE OR DOES NOT PRESENTLY SUSPECT TO EXIST IN BIDDER'S FAVOR WHICH , IF KNOWN BY BIDDER, WOULD MATERIALLY AFFECT BIDDER'S RELEASE OF AUCTIONEER. EACH BIDDER SPECIFICALLY WAIVES THE PROVISIONS OF CALIFORNIA CIVIL CODE SECTION 1542 (AND OTHER SUBSTANTIALLY SIMILAR APPLICABLE STATE STATUTES) WHICH PROVIDES AS FOLLOWS: A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. NO REPRESENTATION OR WARRANTY IS MADE BY AUCTIONEER RELATING TO THE LEGAL SUFFICIENCY OR TAX CONSEQUENCES OF ANY FORM PURCHASE DOCUMENTS PROVIDED OR SUPPLIED BY AUCTIONEER. EACH BIDDER REPRESENTS AND WARRANTS THAT BIDDER HAS CONSULTED WITH, HAD THE OPPORTUNITY TO CONSULT WITH, OR HEREBY WAIVES THE RIGHT TO CONSULT WITH COUNSEL RELATING TO THE LEGAL AND TAX CONSEQUENCES OF ANY SUCH FORMS. Each Bidder represents and warrants that: (a) Bidder is not located in a country embargoed by the United States of America ; (b) neither Bidder, its affiliates, members, directors or other equity owners (excluding holders of publicly traded shares), and none of their principal officers and employees (i) is listed as a "specifically designated national and blocked person" on the most current list published by the U.S. Treasury Department Office of Foreign Asset Control ("OFAC"), (ii) is a person or entity with whom U.S. persons or entities are restricted from doing business under OFAC regulations or any other statute or executive order (including the September 24, 2001 "Executive Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism"), or (iii) is engaged in prohibited dealings or transactions with any such persons or entities; and (c) Bidder (i) is a sophisticated purchaser , (ii) is capable of 6 evaluating the merits and risks of purchasing a Property on the Website , and (iii) understands and is able to bear the economic risks of purchasing a Property on the Website , including, without limitation, a total loss of investment and/or the risk that Bidder may be required to hold such Property for an indefinite period of time. 1. ARBITRATION OF DISPUTES By registering, each Bidder irrevocably agrees: (a) to waive all rights to trial in a court before a judge or jury on all claims between Auctioneer and Bidder; (b) that all disputes and claims between Auctioneer and Bidder will be determined exclusively by final and binding arbitration in Orange County, California before one arbitrator; and (c) the arbitrator will not have the authority to consolidate the claims of other Bidders or site users and will not have the authority to fashion a proceeding as a class or collective action or to award relief to a group or class of Bidders in one arbitration proceeding. The arbitration shall be administered by JAMS pursuant to its Comprehensive Arbitration Rules and Procedures and in accordance with the Expedited Procedures in those Rules. Bidder and Auctioneer shall maintain the confidential nature of the arbitration proceeding and the award, including the hearing, except as may be necessary to prepare for or conduct the arbitration hearing on the merits, or except as may be necessary in connection with a court application for a preliminary remedy, a judicial challenge to an award or its enforcement, or unless otherwise required by law or judicial decision. The arbitrator, and not any federal , state, or local court or agency, shall have exclusive authority to resolve any dispute between Bidder and Auctioneer relating to the interpretation, applicability, enforceability or formation of this agreement including, but not limited to any claim that all or any part of this agreement is void or voidable. Judgment on the award may be entered in any court having jurisdiction. In any lawsuit or arbitration arising out of or related to these Auction Terms, the judge or arbitrator shall award to the prevailing party, if any, the costs and attorneys' fees reasonably incurred by the prevailing party in connection with the lawsuit or arbitration. If the judge or arbitrator determines a party to be a prevailing party under circumstances where the prevailing party won on some but not all of the claims and counterclaims, the judge or arbitrator may award the prevailing party an appropriate percentage of the costs and attorneys' fees reasonably incurred by the prevailing party in connection with the lawsuit or arbitration. ·Auctioneer operates under a different trade name in some states. See 1FREEAUCTION COM These Auction Terms were last updated February 14, 2015, Licensing BRE Broker. License: #00407357 California Auctioneer Bond #BLBA 360223 A AUCTIONEER BROKER COMPANY L A CITY PROPERTIES 1FREEAUCTION .COM ALLSTAR PROPERTY MANAGEMENT 608 W Manchester 2nd Floor, Inglewood, CA 90301 OFFICE: (323)-751-1198 CELL: (310) 466-2436 FAX: (323)755-6315 EMAIL: AAUCTIONEERBROKER@GMAIL.COM EMAIL: LACITYPROP@MSN.COM EMAIL: LA CITYPROP@YAHOO.COM EMAIL: FORYOU44@GMAIL.COM Webb sites 1FREEAUCTION.COM AAUCTIONEERBROKER.COM LA CITY PROPERTIES A AUCTION BROKER COMPANY provides a full suite of business opportunity ,residential, retail, asset management, property management and commercial solutions for any stage of the 7 distressed and non-distressed lifecycle. Whether you are looking to do an equity sale, evaluate short sale offers against current market values, sell foreclosures and REOs. We are dedicated to helping sellers with twenty or more properties achieve their business goals. 1. Equity Sales 2. Short Sales 3. Foreclosure Sales 4. REO Sales 5. Real Estate Research & Analytics 6. Auction cost Finance 7. Exiting Business opportunity If you have any properties you would like to pinpoint the sale date, sell and want to learn more about selling with us, please complete the form and we will contact you to discuss your needs. Thank you for your interest in Auction. With a powerful combination of real estate domain expertise, auction experience and marketplace technology, 1FREEAUCTION.COM helps sellers achieve the widest reach and best-in-class execution. Seller commission to auction a property range from 0 to 10% 1. Pinpoint the sale date 2. Seller sets the reserve price 3. Access to millions registered bidders around the world 4. Maximum property exposure leads to more buyers competing for properties, resulting in higher sales prices 5. Aggressive monthly multimillion dollar marketing spend to promote assets globally 6. Transparent auction process allows buyers to compete on a level playing field 7. Compressed closing schedule reduces overall transaction cost 8. From launched to closed in as little as 45 days Auction provides a full suite of residential and commercial solutions for any stage of the distressed and nondistressed lifecycle. Whether you are looking to do an equity sale, evaluate short sale offers against current 8 market values, sell foreclosures and REOs. Auction.com is dedicated to helping sellers with twenty or more properties achieve their business goals. 1. Equity Sales 2. Short Sales 3. Foreclosure Sales 4. REO Sales 5. Real Estate Research & Analytics 6. Auction cost Finance 7. Exiting Business opportunity Sales
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 975.00 25.00 USD
975.01 - 9,750.00 250.00 USD
9,750.01 - 97,500.00 2,500.00 USD
97,500.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium A smalll premium for your purchased
Payment Terms
Online Auction Bidder Terms and Conditions. Online terms and conditions are in addition to any general onsite auction terms and conditions Bidder and Auctioneer agree that the terms listed below shall govern each online auction sale. This auction will be conducted within the framework of the rules listed below plus and other provision that may be added by the auctioneer via e-mail or as posted on www.1freeauction.com. For the complete bidding terms and to register to bid view online at www.1freauction.com All registration information the Bidder provides to Auctioneer shall be current, complete, and accurate. Bidders must be 18 years of age or older. Bidder agrees to not use any device, software or routine to interfere or attempt to interfere with the proper working of or any transaction being conducted on and during the auction sale. 1. Access and use of any online auction site of 1freeauction.com. (collectively the "Site") is subject to any and all specific terms and conditions set forth on any individual page within the Site and the terms and conditions of this User Agreement (collectively "Site User Agreement") and all applicable laws and regulations, including but not limited to copyright and trademark laws. BY ACCESSING THIS SITE, YOU AGREE TO ACCEPT, WITHOUT LIMITATION OR QUALIFICATION, ALL OF THE TERMS AND CONDITIONS OF THE SITE USER AGREEMENT and to comply with all applicable laws, statutes, ordinances and regulations regarding your use of this Site. Legal action will be taken against anyone violating the terms and conditions of the Site User Agreement or any other applicable law or regulation. Auctioneer reserves the right to periodically change the terms and conditions of the User Site Agreement and it is the Bidders' responsibility to periodically review any and all changes made to these terms and conditions prior to each use of this Site. By using this Site, you agree in advance to accept any such changes. 2. To receive an online bidder number you must provide a credit card that a (refundable) $500.00 deposit may be placed prior to the auction event. This allows us to more accurately identify online bidders and avoid the possibility of factices bids. Bidders expressly authorize the Auctioneer to use their credit card to satisfy the payment amount as well any deposit required. If the bidder has not actively bid on an item/lot and/or does not owe any outstanding settlement, monies will be automatically released in accordance with standard credit authorization & deposit procedures. 3. Invoices will be emailed to successful bidders within 8 hours of the close of the auction. Full payment of the purchase price is charged to your credit card prior to e-mail notification that you are the successful bidder. Applicable taxes will be added to the purchase price of all taxable items. Collection of applicable taxes will be in accordance with the laws of the state where the purchased asset is located. 4. Online Auction Fee: Auctioneer shall charge and collect from each successful bidder a Fifteen Percent Auction Fee for each item, in addition to the final high bid amount. 5. Merchandise return/refunds: All items bid on and awarded to you as high bidder are your property upon the final payment of your invoice which will be charged to the credit card you place on file at registration. By my registration I agree to accept all charges place on the card that I used at registration, and that I waive any and all rights concerning charge backs or refund for any items charged off to me. 2 | Page 6. Jewelry Items: Notwithstanding any terms of the Conditions of Sale, if within 5 working days of the sale, (1) Auction Services Ltd., has received notice in writing from buyer of any jewelry that the jewelry has been miss-described as to the physical qualities of the jewelry and (2) such miss-description is confirmed by a certified letter from an appraiser satisfactory to A Auctioneer Broker Company. , then A Auctioneer Broker Company. , will set aside the sale and refund to the buyer the amount paid by the buyer for the lot. "Physical qualities of the jewelry" is limited to descriptions of karat (the quality of gold), weight of metal, type of stone or metal, carat (weight of stone), and cut of stone. The above provisions allowing return and refund will not be applicable upon evidence of any physical removal or tampering. 7. Firearms: All post 1898 firearms must be registered in compliance with Federal and South Carolina State Laws. Buyers of post -1898 firearms must complete state and Federal registration forms with A Auctioneer Broker Company., or its approved licensed firearm dealer unless otherwise specified; processing of such forms may require a waiting period. Dealers and out-of- state buyers must have in their possession on the day of sale, signed copies of their FFL (Federal Firearms License) in order to accept same-day delivery of modern weapons. Buyers who act as agents for FFL dealers must have a letter as well as an original signed copy of the dealer's FFL., and must present it to Auction Services Ltd. , no less than 24-hours prior to auction date. These lots may be denoted with special symbols and or verbiage in print and digital catalogues. 8. You will be suspended or permanently banned from the Site if you provide false information when registering, such as a false name or fraudulent contact information. You will be permanently banned from this Site if you are the successful Bidder and you do not honor your auction bid. Furthermore, if you do not honor your auction bid, your $500.00 deposit will be forfeited. A Auctioneer Broker Company. (hereinafter "Auctioneer") use of e-mail addresses is strictly limited to contact Buyers and Owner/Sellers; any use of this private information by you is strictly prohibited. 9. Settlement for payment for purchases must be made by credit card on file unless otherwise noted in a specific auction's terms and conditions. All sales are subject to appropriate state Sales Tax laws. Buyer must acknowledge and agree not to retract the purchase offer. Buyer shall be responsible for making arrangements for merchandise removal. 10. The descriptions of item/lots appearing in the auction and in advertising prior to the auction are believed to be correct. Nevertheless, neither those descriptions nor any oral statements made by Owner/Seller or Auctioneer concerning any item/lot shall be construed as a warranty either express or implied. ITEM/LOTS ARE SOLD AS IS - WHERE IS and WITH ALL FAULTS. Bidder acknowledges that all item/lots were available for inspection prior to the auction and, by these terms, Auctioneer and Owner/Seller strongly encouraged Bidder to carefully inspect each item/lot in which Bidder had any interest to determine the item/lot's nature, quality, condition, quantity and size. Bidder relied solely on personal inspection and not on information listed on the Site or otherwise provided by Auctioneer or Owner/Seller. Bidder's failure to inspect, or otherwise be fully informed as to the nature, quality, condition, quantity and size of any item/lot will not constitute ground for any claim, adjustment, refund, termination of the contract for sale, or refusal to close the sale, against Auctioneer or Owner/Seller. Condition Reports: A Auctioneer Broker Company., and its employees are pleased to provide you with the condition of lots offered for auction. However, since we are not professional conservators or restorers, we urge you to inspect each lot yourself or have your agent do so on your behalf. Prospective buyers should satisfy themselves as to condition and must understand that any statement made by A Auctioneer Broker Company or its employees is merely a subjective qualified opinion, NOTWITHSTANDING WRITTEN REPORTS OR ANY DISCUSSION CONCERNING CONDITION IN THIS CATALOGUE. 3 | Page 11. The Site User Agreement constitutes the final expression of the parties' agreement and a complete and exclusive statement of the terms of the sale. The IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, AND ALL OTHER WARRANTIES, EITHER EXPRESSED OR IMPLIED, ARE SPECIFICALLY EXCLUDED from this sale and transaction and shall NOT apply to the merchandise that is the subject of these sales. Auctioneer does not have control over the item/lots that are posted in the Site, and cannot guarantee the authenticity and quality of said product. Auctioneer is not responsible for the actions the Owner/Sellers and Buyers take before, during, and after the auction, typographical errors, misprints, loss of merchandise/money, damage or failure of equipment, due to your visit to this auction site. Use of this site is at your own risk. Some states do not allow the disclaimer of implied warranties, so the foregoing disclaimer may not apply to you. This warranty gives you specific legal rights and you may also have other legal rights which vary from state to state. 12. Despite efforts to avoid the withdrawal of item/lots from the sale after they are listed it may sometimes be necessary. Auctioneer and the Owner/Seller reserve the right to do so at any time before or during the sale. The Owner/Sellers of property sold through this Site reserve the right to reject any and all bids in their sole discretion. 13. Buyer will be furnished an electronic receipt at the conclusion of the sale. 14. Merchandise becomes the full responsibility of Buyer at time of PAYMENT, and Buyer assumes all risk of loss and damage to property until removed from sale premises. Owner/Seller and Auctioneer agree that merchandise may remain on the sale premises for a period of time following the sale. The date by which all merchandise must be removed from the premises is posted on an auction-by-auction basis, on the specific auction page. If merchandise is not removed within ten days after the final removal date, the ownership of the merchandise will revert back to the original Owner/Seller and the Owner/Seller may dispose of or resale the item/lot at their discretion. SHIPPING .A Auctioneer Broker Company. DOES NOT SHIP: A Auctioneer Broker Company. will be pleased to provide a list of shippers and packers that will our worldwide base of clients has successfully used, or you can have your own shipper handle your purchases. Please contact the shipper of your choice to arrange for packing and pick up your items. Your items will be released as soon as payment cleans our bank. We requests that your shippers schedule pick up times at least 24 hours in advance, this will insure no delays in pick up, and release of your purchases. 15. No adjustment will be made with regard to merchandise inventory after item/lot has been removed from the premises or after the removal date posted by Auctioneer, whether or not the property has been removed. Auctioneer reserves the right, for any reason, in its sole discretion, to terminate, change or suspend any aspect of the auction sale. 16. Auctioneer reserves the right to resell any property not paid for in full within four days of the online auction item/lot's closing date. Failure to pay for item/lots won on this online auction will result in forfeiture of your deposit for expenses of resale, collection and damages resulting from the resale. The Owner/Sellers of property sold through this web site reserve the right to reject any and all bids, if they so choose. 17. The final highest purchaser shall be designated at the end of each auction sale. If a dispute arises between two or more Bidders, Auctioneer reserves the right to reopen bidding. Auctioneers designation of the Buyer shall be final. Bid increments: Bidding generally opens at half the low estimate if provided and advance in preset increments which are determine for each auction event. 4 | Page 18. Bidder accepts responsibility for and agrees to indemnify, defend and hold harmless each Owner/Seller and Auctioneer and their employees, governing body, officers, owners, affiliates, subsidiaries, directors, agents and representatives from and against any and all claims, losses, damages, liabilities, judgments, fees, costs and expenses (including reasonable attorneys' fees and expenses) related to, arising from or associated with Buyer's, his agents or representatives, use of the Site, including but not limited to personal injuries or property damage incurred on the sale premises or during removal and transport of any auction item/lots, and arising out of, based upon, or resulting from any breach or violation by Bidder of this Site User Agreement or any use by Bidder of the Site or as a result of a dispute with another Bidder. 19. Auctioneer is providing services as an independent contractor for the Owner/Seller only and is not responsible for statements made by other parties. The buyer's premium is 10%. 20.. This Site User Agreement constitutes a binding agreement between Bidder and Auctioneer until terminated by Auctioneer, which Auctioneer may do at any time, without notice, in Auctioneer's sole discretion. If Bidder dissatisfaction occurs with the auction sale in any way, Bidder's only recourse is to immediately discontinue use of the auction Site. Auctioneer reserves the right to terminate Bidder registration and use of the auction Site, and impose limits on certain features of the auction Site or restrict Bidder's access to, or use of, part or the entire Site without notice or penalty. 21. Auctioneer cannot, and will not, be held responsible for any interruption in service, errors, and/or omissions, caused by any means and does not guarantee continual, uninterrupted or error free service or use of the Site. Bidder acknowledges that this auction is conducted electronically and relies on hardware and software that may malfunction without warning. The Auctioneer, in its sole discretion, may void any sale, temporarily suspend bidding and re-sell any item/lots that were affected by any malfunction. The decision of the Auctioneer is final. 22. Auctioneer gathers information about Bidders and Owner/Sellers for the purposes of conducting online auctions. Auctioneer does not sell or rent this information. 23. Auctioneer uses email mailing lists to notify its customers about online and live auctions. If you are receiving a particular mailing and wish to discontinue receiving future mailings, simply forward the received email to Auctioneer to have your name promptly removed from our list. 24. As a Bidder, placing a bid is a binding contract between you and the Owner/Seller and the bid cannot be retracted. Once you place a bid, and if you win, you will be obligated to buy the product at the said price you indicated as your bid. Placing a bid on this Site, and winning, then not paying for the product is illegal in most states, and prosecution can result. The Owner/Sellers of property sold through this Site reserve the right to reject any and all bids, in their sole discretion. A Auctioneer Broker Company. undertakes the execution of online bidding as a convenience for clients and is not responsible for any inadvertent failure to execute bids, or for any error in the execution of bids. IN THE EVENT OF A TIE BID, FLOOR BIDDERS ALWAYS TAKE PRECEDENCE. 25. As a Bidder you are responsible for any bids placed under your bidding number and password. The security of your Bidder information is your sole responsibility as you, the Bidder, will be responsible for any and all bids placed under your number. If at any time you feel that your Bidder number and password have been compromised due to lack of security on your part you must notify Auctioneer immediately. 26. Bidder agrees that when using the Maximum Bid feature on the Site, you use it according to the specifications Auctioneer has in place for that feature. You, as a Bidder, agree to only use this feature if you understand how the Maximum Bid feature works. 5 | Page 27. You agree that you will not use any robot, spider, other automatic device, or manual process to monitor or copy the Site or the content contained herein without our prior, express written permission. You agree that you will not use any device, software or routine to interfere or attempt to interfere with the proper working of the Site or any activity being conducted on the Site. You agree that you will not take any action that imposes an unreasonable or disproportionately large load on our infrastructure. You agree that you will not copy, reproduce, alter, modify, create derivative works, or publicly display any content from the Site without prior, express written permission of Auctioneer. THE SITE IS PROVIDED ON AN "AS IS" BASIS WITHOUT WARRANTIES OF ANY KIND EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF TITLE OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, OTHER THAN THOSE WARRANTIES WHICH ARE IMPOSED BY AND INCAPABLE OF EXCLUSION, RESTRICTION OR MODIFICATION UNDER THE LAWS APPLICABLE TO THIS AGREEMENT. Some states do not allow the disclaimer of implied warranties, so the foregoing disclaimer may not apply to you. This warranty gives you specific legal rights and you may also have other legal rights which vary from state to state. 28. No legal advice is intended or implied by anything contained within the Site. No obligation, liability, responsibility, accountability or burden is undertaken, assumed or otherwise imposed by maintaining the Site. 29. Any controversy or claim arising out of or relating to this Site User Agreement shall be settled by binding arbitration in accordance with the commercial arbitration rules of the American Arbitration Association. Any such controversy or claim shall be arbitrated on an individual basis, and shall not be consolidated in any arbitration with any claim or controversy of any other party. The arbitration shall be conducted in Anderson, South Carolina, and judgment on the arbitration award may be entered into any court having jurisdiction thereof. Auctioneer may seek any interim or preliminary relief from a court of competent jurisdiction in Anderson County, South Carolina necessary to protect the rights or property of Auctioneer pending the completion of arbitration. You and Auctioneer are independent contractors, and no agency, partnership, joint venture, employee or franchiser-franchisee relationship is intended or created by this Agreement 30. The Site User Agreement and any disputes arising out of or related to the Site shall be governed by and construed and enforced in accordance with, the laws of the State of South Carolina applicable to contracts entered into and to be performed entirely within the State of South Carolina. If any provision of this Site User Agreement is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall be enforced. Auctioneer's failure to act with respect to a breach by you or others does not waive the right to act with respect to subsequent or similar breaches. This Site User Agreement sets forth the entire understanding and agreement between us with respect to the subject matter hereof. . Your use of this auction site marks your acceptance in full of these Terms and Conditions.
11. The Site User Agreement constitutes the final expression of the parties' agreement and a complete and exclusive statement of the terms of the sale. The IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, AND ALL OTHER WARRANTIES, EITHER EXPRESSED OR IMPLIED, ARE SPECIFICALLY EXCLUDED from this sale and transaction and shall NOT apply to the merchandise that is the subject of these sales. Auctioneer does not have control over the item/lots that are posted in the Site, and cannot guarantee the authenticity and quality of said product. Auctioneer is not responsible for the actions the Owner/Sellers and Buyers take before, during, and after the auction, typographical errors, misprints, loss of merchandise/money, damage or failure of equipment, due to your visit to this auction site. Use of this site is at your own risk. Some states do not allow the disclaimer of implied warranties, so the foregoing disclaimer may not apply to you. This warranty gives you specific legal rights and you may also have other legal rights which vary from state to state. 12. Despite efforts to avoid the withdrawal of item/lots from the sale after they are listed it may sometimes be necessary. Auctioneer and the Owner/Seller reserve the right to do so at any time before or during the sale. The Owner/Sellers of property sold through this Site reserve the right to reject any and all bids in their sole discretion. 13. Buyer will be furnished an electronic receipt at the conclusion of the sale. 14. Merchandise becomes the full responsibility of Buyer at time of PAYMENT, and Buyer assumes all risk of loss and damage to property until removed from sale premises. Owner/Seller and Auctioneer agree that merchandise may remain on the sale premises for a period of time following the sale. The date by which all merchandise must be removed from the premises is posted on an auction-by-auction basis, on the specific auction page. If merchandise is not removed within ten days after the final removal date, the ownership of the merchandise will revert back to the original Owner/Seller and the Owner/Seller may dispose of or resale the item/lot at their discretion. SHIPPING .A Auctioneer Broker Company. DOES NOT SHIP: A Auctioneer Broker Company. will be pleased to provide a list of shippers and packers that will our worldwide base of clients has successfully used, or you can have your own shipper handle your purchases. Please contact the shipper of your choice to arrange for packing and pick up your items. Your items will be released as soon as payment cleans our bank. We requests that your shippers schedule pick up times at least 24 hours in advance, this will insure no delays in pick up, and release of your purchases. 15. No adjustment will be made with regard to merchandise inventory after item/lot has been removed from the premises or after the removal date posted by Auctioneer, whether or not the property has been removed. Auctioneer reserves the right, for any reason, in its sole discretion, to terminate, change or suspend any aspect of the auction sale. 16. Auctioneer reserves the right to resell any property not paid for in full within four days of the online auction item/lot's closing date. Failure to pay for item/lots won on this online auction will result in forfeiture of your deposit for expenses of resale, collection and damages resulting from the resale. The Owner/Sellers of property sold through this web site reserve the right to reject any and all bids, if they so choose.