Auction Terms and Conditions
0 North Moffet Rd. Piqua, Ohio 45356
Court ordered On-Line Auction
Miami County Case No. 18-CV-00217
Judge Jeannine N. Pratt of the Common Pleas Court of Miami County Ohio has ordered the Appointed Commissioner Justin Vondenhuevel CAI to sell at Absolute On-Line Public Auction the following described real property to the highest bidder.
Real property is located in Miami County Ohio, Washington Township. Miami County Parcel #’s M40-026100 to contain a total of 71.11 acres MOL with no improvements. Legal Description 5-8-11 SW PT NE
AUCTION PROCEDURE: Bidding Platform will Open Monday July 22nd. at 9:00 a.m. and will continue with Auction Soft Close Wednesday July 24th. 2:00 P.M. Auction will remain Open and Active until all bidding has remained silent for 15 minutes. Should you require bidding assistance please contact the office at 937-492-1078 during normal business hours.
BUYER’S PREMIUM: A 4% buyer’s premium will be charged. This buyer’s premium will be added to the final high bid to determine contract price.
DEPOSIT: $ 20,000.00 shall be required within 24 hours of the close of the auction as good faith earnest money. Payment shall be in the form of a Cashiers check. This deposit shall be made payable to Lawyers Title Agency Sidney, Ohio and will be held in Escrow until successful closing at which time it will be returned to the buyer. If you fail to close by the closing date for any reason this deposit will be forfeited.
ACCEPTANCE OF BID PRICES: The successful bidder will be required to enter into a NON CONTINGENT MEMORANDUM OF AUCTION SALE AGREEMENT with the court within 24hrs after close of the auction. This shall take place at Vondenhuevel Auctioneers LLC 135 South Wilkinson Ave. Sidney, Ohio 45365. Your bidding is considered to be a binding contract.
TITLE: At closing the court shall convey title to the property in the form of a Sheriff’s deed.
CLOSING: The full purchase price including buyer’s premium is due at closing which shall take place no later than 30 days following the conclusion of the auction. This closing shall take place at Lawyers Title Agency Courtview Center Sidney, Ohio
POSSESSION: Possession to the property shall be granted subject to current farm tenant rights upon removal of the 2019 crop.
REAL ESTATE TAXES/CONVEYANCE AND DEED STAMPS: Real estate taxes and assessments shall be pro-rated to the day of closing. Buyer shall pay all applicable conveyance fees and deed stamps as required for transfer.
SALE CONTINGENCIES: This property is being sold via COURT ORDER and is subject to No Contingencies of any type including financing.
DISCLAIMER AND ABSENCE OF WARRANTIES: The property is being sold on an AS-IS WHERE IS BASIS via a Court Order of Sale, with no warranty or representation, either expressed or implied, concerning the property by the Court, Commissioner or Auction Company. Buyers are responsible to perform due diligence and have those results satisfactory to their expectations before bidding.
Justin Vondenhuevel CAI Commissioner of Sale
Vondenhuevel Auctioneers LLC
937-538-6231
