AUCTION IS OVER

• 100+/- Properties Across Texas • Many Selling Absolute! (Regardless of Price) • Commercial • Residential • Land

OPEN HOUSE/INSPECTION DATES

Varies by location.

AUCTION LOCATION

Registration Opens: 11ampm
Auction Starts: 1:00pm
The Westin Oaks, Houston, 5011 Westheimer at Post Oak Houston, TX 77056

Satellite Location:
Omni Corpus Christi Marina Tower, 707 North Shoreline Blvd. Corpus Christi, TX 78401

Bidder Registration Requirements: There are three ways to register for the auction Pre-Registration, On-Site Registration and Online Bidding Registration.

Pre-Registration
Download the Auction Terms & Conditions from our website at Bid-REO.com, sign them and fax or email them to our office by Friday, September 23rd at 3:00pm CST. When you attend the auction, go to the Pre-Registration table. Present your government issued ID and your Minimum Deposit check(s) and we will have your bidder number waiting for you. This is the fastest way to register for the auction.

On-Site Registration
When you arrive at the auction, go to the On-Site Registration table, read, initial and sign the Auction Terms & Conditions, show us your government issued ID and your Minimum Deposit check(s) and we will issue you your bidder number.

On-Line Bidder Registration
Visit our website at Bid-REO.com and click on the Online Bidding Requirements and follow the instructions. You may also contact our office and we can guide you through the process or you may call Proxibid Customer Service at (877) 505-7770.To bid online, you must complete all parts of the registration process by Friday, September 23rd at 3:00pm CST. Additional requirements include receipt of the Minimum Deposit by wire transfer to the designated Title Company, returning the signed Auction Terms & Conditions to the auction company, and agreeing to pay an 11% buyers premium at closing.

PROPERTY DESCRIPTION

Visit Bid-REO.com for property descriptions.

Thank you for your interest in this exciting auction with 100+/- bank-owned commercial, residential and land properties throughout Texas. Whether you want to invest in an income producing commercial property, move into a beautiful home to enjoy, or develop waterfront land, our auction events have it all. This brochure will give you an overview of the auction properties. For complete property details and terms and conditions of the auction, please visit our website at Bid-REO.com. Good luck at the auction!
Stephen Karbelk, CAI, AARE

If I want to buy more than one property, how many deposit checks do I need to bring to the auction?
You must bring to the auction enough funds in certified checks, cashier checks or cash to pay the minimum required deposit on each property, or 10% on each property, whichever is greater. Therefore, if there are three properties you want to bid on, and the Minimum Required Deposit is $5,000 for each property, you must have $15,000 in certified or cashiers checks or cash with you.

When can I inspect the properties?
All of the homes and commercial buildings will be available for public inspection on the times listed in the catalog and on our website. Your Realtor can also show you the properties. The land may be inspected at any time. Please contact our office with any special requests and we will do what we can to accommodate you.

Is there any financing offered on any of these properties?
Our client is not offering financing and no sale is contingent on financing. You must be able to pay cash at closing. If you need to obtain financing to buy a property, we highly recommend that you get pre-qualified by a mortgage lender before you bid so you know how much you can afford to pay. If you are a Winning Bidder and your bid is accepted, and you do not close on the transaction, you will lose your entire deposit. Be sure you and your lender have the ability to close on your purchase within 45 days after the auction.

What does As-Is, Where-Is mean?
The seller is offering these properties at auction in their current condition and will not be making any repairs or improvements to the property between the auction and closing. Prior to the auction, you may inspect the properties and even hire an inspector if you would like. Once we sell the property at the auction, there will be no access given to the property until after closing occurs.

Is this an Absolute Auction or a Reserve Auction?
It is both! Many properties are being sold Absolute, which means they will sell at the auction to the highest bidder. Those properties will be identified during the auction as being Absolute Auctions. All other properties will be auctioned to the highest bidder and the Seller has up to 7 days to accept or reject the high bid.

Can I read the Auction Purchase & Sale Agreement before the auction?
Yes, we encourage you to read the Auction Purchase & Sale Agreement before bidding. A sample contract is available on our website and can be signed and sent back to NCA as part of your pre-registration.

What is the 10%/11% Buyers Premium?
The Buyers Premium is a percentage added to your bid price to determine the final sales price. The 10% Buyers Premium applies to onsite and satellite location auction purchases. The 11% Buyers Premium applies to online auction purchases. For example, if you place the Winning Bid of $100,000 on a property and you are onsite, a 10% Buyers Premium will be added to the bid price so the final sales price would be $110,000.

Can my Realtor represent me at the auction?
Yes! We are offering a 1.5% cooperating broker fee for all agents that register their buyers for the auction as long as they follow the Broker Registration Guidelines. National Commercial Auctioneers must receive all Broker Registration Forms by Friday, September 23rd at 3:00pm CST and attend the auction with their client. No Broker Registration Forms will be accepted at the auction. Visit our website to download the Broker Registration Form.
CEO & Founder, National Commercial Auctioneers

AREA MAP

SUMMARY OF THE TERMS & CONDITIONS:

10% Buyers Premium applies for all Onsite Bidders and an 11% Buyers Premium applies to online bidders. No representations or warranties, expressed, written or implied by the Seller and/or Auctioneer. All property is being sold AS-IS, WHERE-IS. Financing is NOT a contingency on any sale. Before bidding, please make sure you have the ability to close to in 45 days or as provided for in the Purchase & Sale Agreement. If you are the high bidder and do not close on the sale, you will lose your deposit.

As a requirement for bidding, each bidder must have with them at the auction the minimum required deposit provided for in the catalog. The minimum required deposit per property ranges from $1,000 to $50,000, depending on the value of the property and must be in the form of a valid Certified or Cashiers Check, not subject to dishonor by the issuing financial institution, and cash with you at the auction. If you would prefer to wire funds to the Title Company instead, it must be done one business day before the auction. If you will be bidding on multiple properties, you will need to have the minimum required deposits for each property. A total 10% deposit, less the minimum required deposit, is required immediately after the auction payable by check and/or cash to the Title Company. The total 10% deposit becomes non-refundable upon ratification of the Purchase & Sale Agreement and you agree to release the deposit to the Seller and indemnify the Title Company for such. Closing must occur within 45 days of ratification of the Purchase & Sale Agreement by the Seller. Please see the Purchase & Sale Agreement for complete terms and conditions. 1.5% Buyers Broker participation offered.

10% Buyers Premium applies for all Onsite Bidders and an 11% Buyers Premium applies to online bidders. No representations or warranties, expressed, written or implied by the Seller and/or Auctioneer. All property is being sold AS-IS, WHERE-IS. Financing is NOT a contingency on any sale. Before bidding, please make sure you have the ability to close to in 45 days or as provided for in the Purchase & Sale Agreement. If you are the high bidder and do not close on the sale, you will lose your deposit. As a requirement for bidding, each bidder must have with them at the auction the minimum required deposit provided for in the catalog. The minimum required deposit per property ranges from $1,000 to $50,000, depending on the value of the property and must be in the form of a valid Certified or Cashiers Check, not subject to dishonor by the issuing financial institution, and cash with you at the auction. If you would prefer to wire funds to the Title Company instead, it must be done one business day before the auction. If you will be bidding on multiple properties, you will need to have the minimum required deposits for each property. A total 10% deposit, less the minimum required deposit, is required immediately after the auction payable by check and/or cash to the Title Company. The total 10% deposit becomes non-refundable upon ratification of the Purchase & Sale Agreement and you agree to release the deposit to the Seller and indemnify the Title Company for such.

Closing must occur within 45 days of ratification of the Purchase & Sale Agreement by the Seller. Please see the Purchase & Sale Agreement for complete terms and conditions. 1.5% Buyers Broker participation offered.

None at this time