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PUBLISHED RESERVES
The remaining properties are being offered with a Published
Reserve Price. This means when the bidding reaches or exceeds the
Published Reserve Price, the Seller is committed to sell the property
to the high bidder. Should the bidding fail to reach the amount of
the Published Reserve Price, the Seller reserves the right to accept,
counter or reject the high bid, no later than five business days
following the Auction.
BIDS BY MAIL FOR THE ORAL AUCTION
If you are unable to attend the Oral Auction, request a Mail Bid Form
by calling the Auction Information Office at 1-800-845-3524. Mail Bid
Formswill be acceptedwhenaccompaniedbya completedRegistration
Form and Certified Funds made payable to the Realty Marketing/
Northwest Client Trust Account in the amount equal to 10% of the
maximum authorized bid for the property you wish to purchase. If
you are not a successful bidder, your deposit will be returned to you by
mail by the third business day following the Auction.
REGISTRATION (Oral Auction)
Registration is required for eligibility to bid at the Oral Auction.
Complete and return the Auction Registration Form at least three
days prior to the Oral Auction.
On Auction day, all registered bidders must show they have in
their possession a separate Cashier’s Check or Certified Check
(“Certified Funds”) made out to the bidder (no cash, please) in the
amount of $2,500 for each property they intend to purchase.
AUCTION DAY PROCEDURES
PRE-REGISTERED BIDDERS
As a Pre-registered bidder, you will check in at the Pre-registered
Bidder area prior to the Auction. You will be asked to show your
$2,500 in Certified Funds as described under Registration. You
will receive your assigned Bidder Number. If you are planning
to purchase more than one property, you must present separate
Certified Funds for each property you wish to purchase.
AUCTION DAY REGISTRATION
Those who register on Auction Day will be required to complete the
Auction Registration Form and provide evidence of Certified Funds
in the amount of $2,500 for each property you wish to purchase.
Auction Day registrants should plan to arrive at least thirty minutes
prior to the Auction in order to complete the registration process.
The order of the bidding will be announced prior to the Auction.
As the successful bidder, you will sign a Bid Confirmation Sheet
immediately upon acceptance of your high bid. An Auction escort
will then usher you to the Contract Area, where you will complete
the sales contract.
WRITING THE SALES CONTRACT
In the Contract Area onAuction Day, you will sign the sales contract
and make an earnest money deposit of ten percent (10%) of your
bid price, but in no event less than the amount of your Certified
Funds for each property you purchase. Your Certified Funds will be
deposited as a portion of your earnest money deposit. The balance
of the earnest money deposit may be by personal, or company,
check. In addition to the Purchase and Sale Agreement, you will
be required to sign a Buyer Acknowledgement Form verifying that
you have inspected the property and are purchasing it in its “as is”
condition. No allowances will be made for contingencies. Sample
REALTY MARKETING/NORTHWEST AUCTION
INFORMATION OFFICE
Oregon Office:
522 SW Fifth Avenue, Suite 1250
Portland, Oregon 97204
Washington Office:
2908 228th Avenue SE, Suite B
Sammamish, Washington 98075
California Office:
2015 Shasta Street
Redding, California 96001
Phones (during regular business hours -
8:30 a.m. to 5:00 p.m. Pacific Standard Time)
Portland Metro Area: (503) 228 3248
Toll-Free: (800) 845-3524
FAX: (503) 242-1814
Email: info@rmnw-auctions.com
SUPPLEMENTAL INFORMATION PACKAGES
More detailed information is available for each property.
Supplemental Information Packages include all pertinent
data provided by Sellers on the properties. To purchase
supplemental information, mail or fax the Supplemental
Information Package Request Form on page 79 of this
Catalog, or call the Auction Information Office.
Hard Copy Supplemental Information Package: $15 each
Individual Supplemental Information Package (CD): $ 5 each
Email: NO CHARGE
NOVEMBER 10, 2012 ORAL AUCTION (for Auction Properties
1-29)
Saturday, November 10, 2012, at 12:00 p.m. in Portland, Oregon
at the Sheraton Portland Airport Hotel, located at 8235 Northeast
Airport Way. The Auction will begin promptly at noon. Please
arrive by 11:30 a.m.
Directions:
From I-205 North – take Exit 24A, Portland International Airport.
This will put you onto Airport Way, going toward the Airport.
Take the “Frontage Road, Hotels, Cargo” Exit and take a quick left
onto Frontage Road. Follow Frontage Road west to the Sheraton
Hotel, which will be on the right side.
From I-5 North/I-205 South – take Exit 24, Portland International
Airport. Take a right onto Airport Way. Take the “Frontage Road,
Hotels, Cargo” Exit and take a quick left onto Frontage Road.
Follow Frontage Road west to the Sheraton Hotel on the right side.
SEALED BID AUCTIONS
SEALED BID SALES
Sealed Bids are due November 14 for all properties, except 108, 115,
116 and 153 which are due November 29. Bids must be received no
later than 5:00 p.m. on the bid due date.
MINIMUM BIDS
Auction Properties #7, 8, 9, 10, 11, 14, 16, 21, 22, 24, 27, 124, 127,
129, and 145 are being offered with No Minimum Bid. This means
the Seller has established no Minimum or Reserve Price, and the
property will be sold to the high bidder, subject to the terms and
conditions of the Auction.
CONDITIONS OF THE AUCTION
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