http://www.townofstratford.com/content/1302/402/641/16191.aspx

REO

Overview

ATF has commenced a tax lien foreclosure against this tax parcel (the “Property”)  and is the holder of the high bid made at the foreclosure sale.  The purchaser will receive the title to the Property from the foreclosure referee. The ability to acquire these properties is offered at prices below market value, and as such, they can be a very attractive investment.  There are a few things to consider before deciding to submit an offer for one of our properties.  All our properties are sold on an “as is” basis regarding the physical condition of the property 

and occupancy of the property.  We do not provide financing and transactions are expected to close with 7 days of the auction close.  A 10% deposit (minimum $500.00 USD) is due immediately upon completion of the auction.  If winning bid is less than $500.00 the full purchase price is due immediately upon auction close.    Winning bidder will be required to execute ATFH’s standard contract.

PLEASE READ TERMS OF SALE/AUCTION LISTED BELOW!!!

By Bidding, you acknowledge that you have read and agree to the terms below:

• Property is sold AS IS, WHERE IS.

The Seller hereby discloses the following:  The Seller acquired rights to the Property above at a tax sale for delinquent property taxes and has never occupied the Property.  The Seller has no inspections or reports for the Property.  Accordingly, the Seller has no knowledge of the current condition of the real estate or any improvements thereon.  The Seller hereby disclaims any warranties, express or implied, as to the habitability, merchantability or fitness for any purpose.  The property is sold in As-Is Condition and subject to the rights of all tenants or occupants.

·         Please conduct all due diligence BEFORE you bid.  BIDDERS ARE RESPONSIBLE TO COMPLETE INSPECTIONS AND RESEARCH PRIOR TO BIDDING.

•       THE PROPERTY IS A TAX PARCEL. AN INSPECTION OF THE OFFICIAL TAX MAPS SHOUD BE MADE TO DETERMINE THE EXACT LOCATION AND DIMENSIONS OF THE PROPERTY.

·         This Property is advertised elsewhere and we reserve the right to end this auction should we accept an offer made by a qualified buyer.

·         If you are the winning bidder  you will be required to pay a 10% (minimum deposit $500 USD) deposit upon completion of the auction through  bank wire, credit card (Visa, MasterCard, Discover or American Express) or overnight express cashier check and are expected to pay the remaining balance within seven days, except that if the purchase price is less than $500 the entire bid amount is due upon completion of the auction.,

·         Your payment is NON-REFUNDABLE.

·         The information in this auction was obtained from public records.  This information is believed to be accurate but is not guaranteed.

·         At the end of the auction, we will need your mailing address, and contact information.

·         Title to be transferred by a referee’s deed..

•       As this Property is being transferred pursuant to a foreclosure, the purchaser will not receive a Property Condition Disclosure Statement or Disclosure of Lead-Based Paint or Lead-Based Paint Hazards and Seller shall not be required to provide the same.

·         Winning Bidders shall represent, covenant, and warrant that they are purchasing the Property relying solely on their independent inspection of the Property in its existing condition.

·         Seller shall not be liable for any allowance, adjustment or revision based upon the failure of the Property, appliances, or floor plans to conform to any specific standards.

·         Any information provided by Seller regarding sizes, floor plans, square footage and/or bedrooms/bathrooms for the Properties are approximations only and are based on information available. Actual sizes, floor plans, square footage and/or bedroom/bathrooms may vary.