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CONDITIONS OF THE AUCTION #1301
REALTY MARKETING/NORTHWEST
AUCTION INFORMATION OFFICE
Oregon Office:
522 SW Fifth Avenue, Suite 1250
Portland, Oregon 97204
Phones (during regular business hours - 8:30 AM to 5:00 PM Pacific
Time):
Portland Metro Area
(503) 228 3248
Toll Free
(800) 845-3524
Facsimile
(503) 242-1814
Email:
SUPPLEMENTAL INFORMATION PACKAGE,
WITH BID DOCUMENTS
More detailed information is available on the Foley Butte Block. A
signed Confidentiality Agreement is required in order to obtain a
Supplemental Information Package, which includes all pertinent
data provided by the Seller, and is available in either hard copy form,
or by email. To request a copy of the Supplemental Information
Package, please contact the Auction Information Office at 1-800-845-
3524 or
PUBLISHED RESERVE
The property is being offered with a Bulk Published Reserve Price
of $18,500,000. When bidding reaches, or exceeds, the amount of
$18,500,000, the Seller is committed to sell the property to the high
bidder in either its entirety, or in the aggregate of total accepted
bids on Ochoco Main Block, Lofton Creek and Willow Creek Cabin
Tracts. 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 Sealed Bid
due date of July 25, 2013.
SEALED BID DUE DATE
Sealed Bids are due no later than 5:00 PM. Thursday, July 25, 2013.
FINANCING
Northwest FarmCredit Services is the preferred lender, and financing
may be available to qualified parties. Please see Supplemental
Information Package for details.
COOPERATING BROKERS
Broker cooperation is invited. A commission of 1% will be paid
to the real estate agent whose Buyer closes on the purchase of the
Property. The real estate agent must be a broker currently licensed
by his/her state of residence, or a salesperson licensed under such
broker. Cooperating broker commission will be paid only upon close
of escrow. Cooperating brokers will not share in any payment of
liquidated damages.
No commission will be paid to any real estate agent participating
as a principal in the purchase of the property. The commission will
be earned and paid only upon full and final closing by the Buyer on
the conveyance of the property and the receipt of the full purchase
price by Seller.
CLOSING
Closing must occur no later than September 16, 2013, unless
extended by the Seller in writing. Prior to making a bid, refer to the
Supplemental Information Package with regard to customary closing
costs including, but not limited to, recording fees, normal prorations,
title fees, transfer and/or excise taxes (if applicable), sales tax on
personal property (if applicable), local improvements and irrigation
district assessments (if applicable), and document preparation fees.
Buyers will be responsible for any real estate compensation taxes
or rollback taxes and penalties as a result of a change in use or
designation of the property including, but not limited to, a change
from open space, agriculture, forest land or recreation.
ADDITIONAL CONDITIONS
(A) No claim will be considered for allowance, adjustment or
rescission based on failure of the property to correspond to any
particular expectation or standard, except for the Preliminary Title
Report.
(B) Title insurance is available, ensuring title of the property to be
in fee simple, subject to no encumbrances except current taxes and
assessments, easements, right of ways, reservations, covenants,
conditions and restrictions of record, purchase money financing and
printed exceptions in the standard form Owner’s Title Policy. A copy
of the Preliminary Title Report for the property should be inspected
prior to the Auction.
(C) To the extent permitted by law, the property will be sold “As Is”.
Prospective buyers should examine the property and all supporting
documentation carefully. Each bidder is responsible for evaluating
the property and shall not rely on the Seller or sales agents. All
buyers will take possession at close of escrow.
(D) Sizes and square footages set forth are approximations only,
based on the best information available, but the actual sizes and
square footages may be different. All sketch plans are conceptual in
nature and neither Seller nor its agents have submitted plan or made
applications to any public agency.
(E) Agency Disclosure. The selling and listing agent, Realty
Marketing/Northwest, represent the Seller in this transaction.
(F) Seller has the right to postpone or cancel the Auction in whole
or in part, at its sole discretion, and to modify or add any terms and
conditions of sale.
(G) Offer void where prohibited. Catalog will not be mailed to the
residents of any state in which this offering is not in compliance with
the real estate laws or other laws of that state.
(H) The information contained herein has been gathered from
sources deemed reliable; however, Realty Marketing/Northwest
makes no warranties expressed or implied as to the accuracy of the
information contained herein.
Need Help?
RealtyMarketing/Northwest prides itself on the quality of its service.
If at any time you need assistance please contact John Rosenthal,
President, at (800) 845-3524 or (503) 228-3248.
Aerial Photography by Bergman Photographic Services, Inc.
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Editing by Marti Cohn
