|
|
TERMS: Sales are for cash, with ten percent (10%) payable the day of sale with the balance due upon entry of the court order confirming the sale.
PROCEDURE FOR RAISING THE BID: Consistent with Chancery procedure, the property will be struck off and sold to the highest bidder. There will be a ten-day period from the date of sale during which the high bid may be raised through the office of the Clerk and Master. The offer must raise the high bid by at least ten percent (10%).
In addition to the offer, the person raising the bid must also provide a deposit of ten percent (10%) of the raised bid with the Clerk and Master. Upon the bid being raised, the deposit held from the original sale will be refunded and the property will be readvertised and resold at public sale. The bidding will begin with the amount of the raised bid. No interest will be paid on any funds held, whether refunded or not.
NO WARRANTIES: Property is offered and sold as is and in its present condition with no warranties or representations, expressed or implied. All sales are subject to the confirmation of the Court.
