ONLINE ONLY AUCTION: BANKRUPTCY COURT ORDERED
7847 SF± BRICK COMMERCIAL BUILDING ON CORNER LOT
903 South Broad Street · Scottsboro, Alabama (Jackson County)
ONLINE Bidding Closes Thursday, July 30th · 7 PM
~~ EXCELLENT COMMERCIAL OPPORTUNITY ~~
~~ CORNER LOT IN DOWNTOWN SCOTTSBORO ~~
Auction results are subject to the approval of the United States Bankruptcy Court for the Northern District of Alabama, Northern Division; Case #19-82913-CRJ-7
The building on the corner of Broad Street & Cherry Street offers:
- (4) Roll-up doors in front
- (1) Walk-in door in front; (1) Walk-in door in back
- (2) Roll-up doors on shop building
- Reception & Waiting Area
- (2) Restrooms
- (1) Office
Special Notes:
Seller nor Fowler Auction & Real Estate Service, Inc. will be responsible for any items/tires left with building after it has been sold.
Car lift & tires showing in pictures will not be offered with the real estate but sold in a separate auction. See more here.
Watch for Fowler Auction signs!!
For more information, call Daniel Culps on behalf of Mickey Fowler today at (256) 603-1249!
AUCTION NOTES
· This is an ONLINE ONLY auction only being conducted under order of the Northern District Of Alabama Bankruptcy Court Case #19-82913-CRJ7.
· A Fowler Auction representative will contact the winning Bidder the morning of Friday, July 31st, 2020 to schedule a time and place to meet, sign contracts & retain a 10% deposit (escrow money).
· A 10% deposit (escrow money) of the total purchase price will be due within 24 hours of auction's closing with the balance being due within 30 days or five (5) days following court approval, whichever is later.
· Closing Agent will be Tazwell T. Shepard, IV and will be held at the office of SPARKMAN, SHEPARD & MORRIS, P.C. located at 303 Williams Avenue, Suite 1411 in Huntsville, Alabama 35801.
· Property will be conveyed by Trustee's Deed.
· Auction results are subject to approval by the United States Bankruptcy Court for the Northern District of Alabama, Northern Division Bankruptcy Court; Case #19-82913-CRJ7. Property will close within 30 days or 5 days following court approval, whichever is later.
· No Broker Participation will be available for this auction.
· For more information, please contact Daniel Culps (representative for Mickey Fowler) at (256) 603-1249 or (256) 420-4454.
NOTE: It is very IMPORTANT that every Bidder read the terms & conditions BEFORE bidding (either online or LIVE). Each Bidder is solely responsible for inspecting this property BEFORE bidding (property is sold AS IS, WHERE IS).
We strongly encourage all bidders to inspect/ask questions regarding this potential purchase.
Auction conducted by Fowler Auction & Real Estate Service, Inc.
Mickey Fowler, CAI, CES, AMM, AARE; ALSL466, TNSL1442, TNFIRM2315, GASL1394
Daniel Culps, CAI; ALSL5070, TNSL5890
8719 Highway 53 · Toney, Alabama 35773
(256) 420-4454
www.fowlerauction.com
Auction results are subject to The United States Bankruptcy Court For The Northern District Of Alabama Northern Division, Case #19-82913-CRJ-7.
Real Estate: A non-refundable deposit of 10% (escrow money) of the total purchase price is due within 24 hours of auction's closing time. The remaining balance shall be paid to "Tazwell T. Shepard, Trustee" in certified funds at closing, which will occur within thirty days (30) of auction date or five (5) days following court approval, whichever is later. All closing and settlement fees, including but not limited to surveys, inspections, reports, title insurance, any/all ad valorem taxes due are the Buyer's responsibility.
If for any reason the Buyer fails to make full payment in accordance with the terms above, the Buyer will be liable for the unpaid balance still due and owing, plus interest in the amount of twelve percent (12%) per annum from the auction date and reasonable attorney fees and expenses for collection as a result of said default.
Closing Agent will be Tazwell T. Shepard, IV and will be held at the office of SPARKMAN, SHEPARD & MORRIS, P.C. located at 303 Williams Avenue, Suite 1411 in Huntsville, Alabama 35801.
Real property will be conveyed by a Trustee's Deed.
No Broker Participation will be available for this auction.
SERVER, SOFTWARE TECHNICAL OR INTERNET ISSUES: In the event there are technical difficulties related to the server, software, or any other online auction-related technologies, reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR FOWLER AUCTION & REAL ESTATE SERVICE, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Fowler Auction & Real Estate Service, Inc.
Disclaimers & Absence of Warranties:
* Seller nor Fowler Auction & Real Estate Services, Inc. will be responsible for any tires and/or equipment remaining in the building after designated pick up time for personal property has expired.
* Facility may contain lead-base paint. Prospective Buyers may inspect ten (10) days prior to auction approval at the sole expense of the prospective Buyer.
* Information contained herein believed to be accurate but not guaranteed by Fowler Auction & Real Estate Service, Inc.
* In all transactions, the Auctioneers are acting as agents for the Seller only.
* Property will be sold 'AS IS, WHERE IS' with no guarantees,expressed or implied, by Fowler Auction & Real Estate Service, Inc.
* All decisions of the Auctioneers are final.
Fowler Auction & Real Estate Service, Inc. reserves the right to reject any and all bids for any reason prior to the close of bidding.
Fowler Auction & Real Estate Service, Inc. reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding.
Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Fowler Auction & Real Estate Service, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Fowler Auction & Real Estate Service, Inc. reserve the right to preclude any person from bidding if there is any question as to the person's credentials, mental fitness, etc.
Bidder responsibilities include, but are not limited to: Bidders agree to keep his/her username and password confidential as each individual is responsible for ANY and ALL activity involving his/her account. If your USER NAME is offensive to Fowler Auction & Real Estate Service, Inc., then we reserve the right to terminate your bidding.
When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges. Auction company employees and/or auction company may bid on this auction. We gather aggregate information from this web site which may include but is not limited to: number of page visitors, most visited pages, any and all correspondence.
DEFAULT: If purchases are not settled by the specified closing/pick up day, it will be considered in default. Upon default the bidder will be black listed/blocked from bidding on Fowler Auction & Real Estate Service, Inc.'s auctions, as well as MarkNet Alliance auctions and may be charged 10% of bid price or $500, whichever is greater. All defaulted items may be offered to the next highest qualified bidder at the discretion of Fowler Auction & Real Estate Service, Inc.
Any dispute between Fowler Auction & Real Estate Service, Inc., its Agents or Representatives, and the Buyer(s) will be tried in a court of jurisdiction in Madison County, Alabama (or county designated by Fowler Auction). By bidding on the property, buyer agrees to all terms and conditions set forth.
Buyer and or Bidder agrees to hold harmless and indemnify Fowler Auction & Real Estate Service, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
Conducted By
Fowler Auction & Real Estate Service, Inc.
Mickey Fowler, CAI, CES, AMM, AARE; ALSL466, TNSL1442, TNFIRM2315, GASL1394
Daniel Culps, CAI; ALSL5070, TNSL5890
8719 Highway 53 · Toney, Alabama 35773
(256) 420-4454