Name Office supply auction
Auctioneer A Auctioneer Broker Company
Type Internet Absentee Bidding
Date(s) 5/1/2015 - 5/30/2015
5/2/2015 -5/30/2015
Preview Date/Time 5/1/2015
Checkout Date/Time 6/1/2015-06/10/2015
Location 2212 West Manchester Blvd.
Inglewood, CA 90301
Buyer Premium A smalll premium for your purchased
Description
Auction of general office supplies
Auction Terms & Conditions 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 , assessments, 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 --------------------------------------------------------------------------------------- Sebae Data Solutions, Inc. SERVICE TERMS AND CONDITIONS ACCEPTANCE OF TERMS Sebae Data Solutions, (the makers of Auction Flex & HiBid (formerly Bidopia) hereafter referred to as "Sebae"), provides its service to you, subject to the following Terms & Conditions ("TAC"), which we may update from time to time without notice to you. The most current version of the TAC can be found found at any time by visiting the link: http://www.auctionflex.com/showtandc.ap USE AND REGISTRATION Our services are available only to, and may only be used by individuals who can form legally binding contracts under applicable law. Without limiting the foregoing, our services are not available to children (persons under the age of 18) or to temporarily or indefinitely suspended members. If you are under the age of 18, you can use this service only in conjunction with, and under the supervision of your parents or guardians. If you do not qualify, please do not use our service. If you are registering as a business entity, you represent that you have the authority to bind the entity to the TAC. REGISTRATION OBLIGATIONS In consideration of your use of the Service, you agree to: (a) provide true, accurate, current and complete information about yourself as prompted by the Service's registration form (such information being the "Bidder Information") and (b) maintain and promptly update the Registration Data to keep it true, accurate, current and complete. If you provide any information that is untrue, inaccurate, not current or incomplete, or Sebae has reasonable grounds to suspect that such information is untrue, inaccurate, not current or incomplete, Sebae has the right to suspend or terminate your account and refuse any and all current or future use of the Service (or any portion thereof).  DESCRIPTIONS OF SERVICE Sebae provides the following services under the Auction Flex & HiBid trademarks: Integrated Web Service (for auctioneers), internet bidding (absentee, online-only, & webcast). You can learn more about these services in the following sections. HIBID INTERNET AUCTION PLATFORM & WEB SERVICE DESCRIPTION Sebae provides the HiBid (formerly Bidopia) Internet Auction Platform & Web Service ("HWS") under the HiBid trademark as a software solution for auctioneers wishing to extend the audience of their live auctions to the internet. The HWS provides various features including internet absentee bidding, internet-only auctions, and webcast auctions.  The HWS is able to changes its appearance to coincide with the website that it is powering. Accordingly, the HWS powers the www.hibid.com website as well as numerous Auction Flex customer websites. This ability to change appearance is a feature of the HWS. Much like internet merchant account providers can host a secure web page for a vendor to easily process payments, the HWS hosts certain portions of the auctioneer's website to easily enable advanced features such as internet bidding.  INTERNET ABSENTEE BIDDING Internet absentee bidding allows you to place a bid for an item in advance of an auction. This allows you to place bids on lots without actually attending the auction. INTERNET-ONLY AUCTIONS Internet only bidding allows you to place a bid for an item prior to the auction lot closing online. In an internet-only auction there is no live auction. WEBCAST AUCTIONS Webcast auctions allow you to bid in real-time against other bidders or place pre-bids prior to a lot going "live". Lots are sold in accordance with the Auctioneer's terms and conditions which are accessible from each lot's page. It is your responsibility to read and accept the Auctioneer's terms and conditions prior to placing your bid. When you place a bid you are agreeing to be bound by the Auctioneer's & Sebae's terms and conditions. By placing a bid you are entering into a legally binding and enforceable contract. Please keep in mind that you are bidding against other internet bidders as well as floor bidders, phone bidders, and regular absentee bidders (this list does not constitute a complete list of bidder types but does highlight the common bidder channels). The auctioneer, at their discretion, can approve or deny bidders. The auctioneer reserves the right to accept or deny bidders for any reason. Prior to approval the auctioneer may contact you to determine your credit worthiness. If the auctioneer approves your bid, the auctioneer will then process your bid in accordance with their terms and conditions. Should your bid for a lot prove successful, the auctioneer may contact you to arrange for payment & shipping (if applicable). If the auctioneer required registration via a credit card, the auctioneer reserves the right to process your winning bids to the credit card provided during registration. Sebae, through the Auction Flex & HiBid products & services, facilitates the internet bidding process between the Auctioneer & the bidder. Sebae is in no way a party to the transaction. Because Sebae is not a party to the transaction, you accept that you will have no claim or cause of action against Sebae in respect of the sale (or non-sale) of any Lot. If you have a dispute with an Auctioneer or another user of the Service with regard to the sale (or non-sale) of any Lot you agree that Sebae, its officers, agents, employees will not be liable for losses (including, but not limited to, loss of profits, special loss, indirect loss and consequential los), costs, damages, liabilities, claims, demands and expenses of any kind arising out of or connected with such dispute. You also accept that none of the aforementioned are under any obligation to take any action to resolve any dispute between you and an Auctioneer Sebae is not responsible for any typographical, pictorial or technical errors in information about Lots on the Site as provided by Auctioneers. Sebae does not evaluate Lots and does not act as a specialist or expert on any related subject matter. Sebae makes no warranties or representation of any kind or nature with respect to Lots (including but not limited to representations or warranties as to the accuracy of description, genuineness, quality, authorship, attribution, provenance, period, culture, source, origin or safety). If you have any questions, e-mail the Auctioneer directly. In particular, make sure that you understand the Auctioneer's payment terms and shipping terms. BIDDING The Service requires you to login with your username and password prior to placing a bid on a Lot. Making bids with false information or with stolen credit card information is prohibited and illegal. Your user name and password are required in order to place internet bids. Making bids in a false name or with an invalid or stolen credit card is prohibited. Each bid carries the computer coding of the Internet provider which allows the individual user to be traced and Sebae may at its discretion release this information to enable legal action to be taken. Sebae may, in its entire discretion, refuse or remove bids where it suspects that bids contravene this prohibition. By placing a bid, you are making a binding and irrevocable offer to purchase the Item at any price up to the maximum bid amount you submit. If you win, you must complete the transaction, subject to any contractual right or other right at law to rescind the contract in certain circumstances. Failure to complete transaction without lawful reason is not only a breach of your contract with the Seller but also a breach of this User Agreement. The amount bid can be increased but cannot be decreased. The auctioneer may, at their discretion, allow you to withdraw and resubmit a bid in the case of bids containing an obvious typographical error. You may forward a request to withdraw a bid and resubmit a correct bid by immediately sending an email to the auctioneer, however, there is no guarantee that any bid will be withdrawn. Although Sebae will use best efforts to forward all bids, Sebae does not accept any responsibility for lost bids or problems with the recipient auctioneer's ability to process your bid. Moreover, Sebae cannot guarantee that bids received will be processed by the individual auctioneers. Please note that Sebae's role is limited to the provision of the Site for dissemination and publication of information provided by the Sellers. THE WINNING BID The winning bid in an auction will be the highest bid that exceeds any reserve (if a reserve exists). In the case of equal bids, the earliest bid received will be the winning bid. If a higher bid is subsequently withdrawn or removed then the auctioneer shall have the right to accept the next highest bid. NOTICE OF END OF SALE, PAYMENT & SHIPPING After the sale has ended, the auctioneer will notify the winning bidder via phone, fax or mail that they have won. If you do not receive notice that you have made the winning bid and think that you are the top bidder, you should check with the auctioneer directly. You will make all payment for Items to the auctioneer in accordance with their terms and conditions. BUYER'S PREMIUM, TAXES AND DUTIES If you are a successful bidder, you are responsible for paying any buyer's premium, taxes and duties (including any VAT, sales tax and import duties) that may be imposed on the final price paid for an Item. Accordingly, it is your responsibility to check the applicable taxes and duties that may be imposed on an Item prior to bidding for it. PRIVACY We do not sell or rent your personal information to third parties for their marketing purposes without your explicit consent and we only use your information as described in the Privacy Policy. COPYRIGHT All material and content as provided by the Service is protected by copyright and similar rights. You can not use or make available any of that material for any commercial purpose. SPECIAL ADMONITIONS FOR INTERNATIONAL USE Recognizing the global nature of the Internet, you agree to comply with all local rules regarding online conduct and acceptable content. Specifically, you agree to comply with all applicable laws regarding the transmission of technical data exported from the United States or the country in which you reside. DISCLAIMER OF WARRANTIES You expressly understand and agree that: a. Your use of the service is at your sole risk. The service is provided on an "as is" and "as available" basis. Sebae expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to the implied warranties of merchantability, fitness for a particular purpose and non-infringement. b. Sebae makes no warranty that (i) the service will meet your requirements, (ii) the service will be uninterrupted, timely, secure, or error-free, (iii) the results that may be obtained from the use of the service will be accurate or reliable, (iv) the quality of any products, services, information, or other material purchased or obtained by you through the service will meet your expectations, and (v) any errors in the software will be corrected. c. Any material downloaded or otherwise obtained through the use of the service is done at your own discretion and risk and that you will be solely responsible for any damage to your computer system or loss of data that results from the download of any such material. d. no advice or information, whether oral or written, obtained by you from Sebae or through or from the service shall create any warranty not expressly state in the TAC. LIMITATION OF LIABILITY You expressly understand and agree that Sebae shall not be liable for any direct, indirect, incidental, special, consequential or exemplary damages, including but not limited to, damages for loss of profits, goodwill, use, data or other intangible losses (even if Sebae has been advised of the possibility of such damages), resulting from: (i) the use or the inability to use the service; (ii) the cost of procurement of substitute goods and services resulting from any goods, data, information or services purchased or obtained or messages received or transactions entered into through or from the service; (iii) unauthorized access to or alteration of your transmissions or data; (iv) statements or conduct of any third party on the service; or (v) any other matter relating to the service. EXCLUSIONS AND LIMITATIONS Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for incidental or consequential damages. Accordingly, some of the above limitations of of the previous two sections titled 'Disclaimer of Warranties' and 'Limitation of Liability' may not apply to you. INDEMNITY You agree to indemnify and hold Sebae harmless from any claim or demand, including reasonable attorneys' fees, made by any third party due to or arising out of your breach of this Agreement or the documents it incorporates by reference, or your violation of any law or the rights of a third party. LEGAL COMPLIANCE You shall comply with all applicable domestic and international laws, statutes, ordinances and regulations regarding your use of our service and your bidding on, listing, purchase, solicitation of offers to purchase, and sale of items. GENERAL INFORMATION The TAC constitute the entire agreement between you and Sebae and govern your use of the Service, superseding any prior agreements between you and Sebae. The TAC and the relationship between you and Sebae shall be governed by the laws of the State of Florida without regard to its conflict of law provisions. You and Sebae agree to submit to the personal and exclusive jurisdiction of the courts located within the county of Marion, Florida. The failure of Sebae to exercise or enforce any right or provision of the TAC shall not constitute a waiver of such right or provision. If any provision of the TAC is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties' intentions as reflected in the provision, and the other provisions of the TAC remain in full force and effect. You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of the Service or the TAC must be filed within one (1) year after such claim or cause of action arose or be forever barred.
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
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.
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.