Online Auctions

Lot Detail

Promissory Note: 1025 NE 207th Street, Miami, FL (ID #1216929)
Current bid:
Loading...
Time left: Closed
Auction starts: 8/31/2017 10:00:00 AM ET
Auction ends: 8/31/2017 2:28:28 PM ET
Starting bid: 5000
Reserve: Met
Bid increment: 500.00
Bid Deposit: 5000
Overtime Period: 5 mins
Seller: US Treasury
 
 
Bidding has now closed
Description

U.S. Department of the Treasury in conjunction with IRS-CI

Property Location

1025 NE 207th Street, Miami, FL 33179

Promissory Note

The purchase of asset covers the promissory note and deed of trust only and does not include the real estate. Title to the real estate will remain with the current owner. The original note has been lost and will not be endorsed or delivered at closing. The Government will be delivering a Lost Note Affidavit with Indemnification. Buyer understands any and all risks associated with purchasing this type of asset and has done any and all due diligence as deemed necessary.

Modified Loan Amount (as of February 2017): $153,591.00
Modification Date (1st payment):
February 23, 2017
Length of Loan:
32 years
Interest Rate:
6%
Monthly Payment:
$900.00 (principal and interest) due the 23rd of each month
Payments due through:
February 23, 2049

Auction Details

View auction details for bidding requirements and more details. Download auction flyer for more information.

Register to Bid

Go to Register and create an account.

Bid Deposit

A $5,000 bid deposit is required to bid. U.S. funds only. Deposits must be in the form of a cashier’s check and made payable to CWS Marketing Group, Inc. Personal or business checks, bank letters, money orders or letters of credit will not be accepted. The completed Bid Deposit Form and deposit should be mailed to: CWS, 10611 Balls Ford Road, Suite 140 Manassas VA, 20109, attn: E. Connolly. The deposit is due no later than 5pm the day before the auction.

10% Deposit

The high bidder will have 3 business days to make the deposit 10% less the original $5000.

Closing

Closing will be held within 30 calendar days of the date the Government signs the sales contract.

Auction Overtime

Overtime bidding occurs automatically when a bid is placed within the last 5 minutes of an auction. The auction will remain open until an entire overtime increment (5 minutes) has passed without any bidding. Bidders are urged and cautioned not to wait until the final seconds of the auction to place bids. Bids not recognized by the auction software when the time expires will not be accepted.

Placing an Auto Bid 

When placing an “Auto Bid” the website will bid on your behalf up to your determined maximum bid amount in the preset bid increment.  The system will bid at the preset increment until the bidder’s maximum bid is exceeded.  At that point the bidder will be notified that he/she has been outbid (if that option is selected when registering).  In the event that multiple bidders leave the same “Auto Bid” the system will recognize all bids at that amount and the one placed first will be given the high bid.  Others with the same “Auto Bid” will be notified that they are outbid and must bid again.

Terms & Conditions

It is the Buyer's responsibility to understand and comply with the complete Terms and Conditions of the sale.

Questions

Call 703-273-7373 or email realproperty@cwsams.com

Technical Assistance

Contact us at service@cwsmarketing.com with any technical questions about the online bidding process. CWS accepts no responsibility for loss of connectivity, technical difficulties, or any other circumstances beyond our control.

The property is being sold in "As-Is" condition with all faults. The Seller has disclosed all known defects and makes no warranties or guarantees either expressed or implied.

ALL SALES ARE SUBJECT TO THE FINAL ACCEPTANCE OF THE GOVERNMENT.

Loading... please wait...
Payment

Bank Wire or Cashiers Check

Copyright 2007 CWS Marketing Group