99
OR FAX FORM ON PAGE 103 TO 503-242-1814
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:
1860 Howe Avenue, Suite 210
Sacramento, California 95825
Phones (during regular business hours -
8:30 a.m. to 5:00 p.m. Pacific Time)
Portland Metro Area:
503-228 3248
Toll-Free:
800-845-3524
FAX:
503-242-1814
Email:
SUPPLEMENTAL INFORMATION PACKAGES
Additional detailed information is available for each property.
Supplemental Information Packages include all pertinent data
provided by the Sellers. To purchase supplemental information,
mail, fax or email the Supplemental Information Package Request
Form on page 103 of this Catalog.
Hard Copy Supplemental Information Package: $15 each
Individual Supplemental Information Package (CD) $ 5 each
Email: NO CHARGE
ORAL AUCTION (Properties 1-20)
Saturday, May 17, 2014, 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 SALES
Properties 101-122, 124-145: Sealed Bids must be received no later
than 5:00 p.m., Wednesday, May 21, 2014.
Properties 100, 123: Sealed Bids must be received no later than 5:00
p.m., Friday, June 6, 2014.
MINIMUM BIDS
Auction Properties #5, 6, 10, 14, 16, 123C, and 138 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 terms and conditions of the Auction.
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.
ORAL AUCTION
Bids by Mail
If you are unable to attend the Oral Auction, request a Mail Bid
Form by contacting the Auction Information Office at 1-800-845-
3524 or
. Mail Bid Forms will be accepted
when accompanied with 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
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 that 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 the bidder intends 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.
Bidding on each property will take approximately two minutes.
The properties will not necessarily be auctioned in the order they
appear in the Catalog. 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
Terms and Conditions of the Auction
