• Thank you for your interest in this exciting auction with 80+ bank-owned commercial, residential and land properties throughout south Texas. Whether you want to invest in an income producing commercial property, move into a beautiful home to enjoy, or develop waterfront land on South Padre Island, 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 visitnatcomauctions.com/tx. Good luck at the auction!
2-Day Real Estate Auction - 80+ Bank Owned Properties - Commercial, Residential, Land
Laredo, Texas
Mon, May 16, 2011 EASTERNAUCTION IS OVER
AUCTION LOCATION
Registration Opens: 5:00pm Auction Starts: 6:00pm Embassy Suites 110 Calle Del Norte Laredo, TX 78041
PROPERTY DESCRIPTION
Prop. #101 - SELLING ABSOLUTE!
.7537+ ac lot located in The Gardens of Del Mar Condos; 18 Unbuilt Condos.
Address: 707 St. James, Laredo, TX 78041
Inspection: At leisure
Min. Deposit: $10,000
Prop. #102.8561+ ac commercial lot available in the Santa Rita Commercial Subdivision.
Address: 5618 Doctor Sigifredo Perez Loop, Laredo, TX 78046
Inspection: At leisure
Min. Deposit: $5,000
Prop. #1031.3983+ ac commercial lot available in the Santa Rita Commercial Subdivision.
Address: 5614 Doctor Sigifredo Perez Loop, Laredo, TX 78046
Inspection: At leisure
Min. Deposit: $10,000
Prop. #1041.1092+ ac commercial lot available in the Santa Rita Commercial Subdivision.
Address: 5610 Doctor Sigifredo Perez Loop, Laredo, TX 78046
Inspection: At leisure
Min. Deposit: $10,000
Prop. #1050.9839+ ac commercial lot available in the Santa Rita Commercial Subdivision.
Address: 5606 Doctor Sigifredo Perez Loop, Laredo, TX 78046
Inspection: At leisure
Min. Deposit: $10,000
Prop. #1060.9267+/- ac commercial lot available in the Santa Rita Commercial Subdivision.
Address: 5602 Doctor Sigifredo Perez Loop, Laredo, TX 78046
Inspection: At leisure
Min. Deposit: $10,000
Prop. #1071.0215+/- ac commercial lot available in the Santa Rita Commercial Subdivision.
Address: 5609 Doctor Sigifredo Perez Loop, Laredo, TX 78046
Inspection: At leisure
Min. Deposit: $10,000
Prop. #108Bank Owned 7.2532+/- ac multi-acreage tracts located on Don Camilo Blvd and Cuenca Dr, near LCC's South Campus.
Address: 3.0425 acre lot, Santa Rita Commercial Subdivision
Inspection: At leisure
Min. Deposit: $25,000
Prop. #1094-0.1498+/- ac rectangular Bank Owned lots in Starling Creek; Lots 16, 15,14, & 13, Block 6.
Address: 612, 614 616, 618 Waxwing Drive Laredo, TX 7804
Inspection: At leisure
Min. Deposit: $5,000
Prop. #110 - SELLING ABSOLUTE!1,500+/- sf retail/office space located in North Point Plaza Condominiums. Zoned B-4.
Address: 315 Calle Del Norte, Unit 1C, Laredo, TX 78041
Inspection: Tuesday, May 3rd & 10th, 1 PM - 3 PM
Min. Deposit: $10,000
Prop. #1114,174+/- sf commercial space located in the McPherson Medical Center Condominium Complex.
Address: 6801 McPherson Road, Unit 334, Laredo, TX 78041
Inspection: Tuesday, May 3rd & 10th, 1 PM - 3 PM
Min. Deposit: $25,000
Prop .#112 - SELLING ABSOLUTE!Units 215 and 216 of the McPherson Medical Center Condominium Complex.
Address: 6801 McPherson Road, Unit 215 & 216, Laredo, TX 78041
Inspection: Tuesday, May 3rd & 10th, 1 PM - 3 PM
Min. Deposit: $10,000
Prop. #1138449+/- sf Bank Owned retail office building. The 2-story space is zoned B-3, Includes multiple offices and 6 restrooms.
Address: 1812 Commerce Dr., Laredo, TX 78041
Inspection: Wednesday, May 4th & 11th, 1 PM - 3 PM
Min. Deposit: $25,000
Prop. #114 - SELLING ABSOLUTE!Corner lot, partially fenced .1362+/- ac located in Santa Rita III
Address: 101 Alicante, Laredo, TX 78041
Inspection: At leisure
Min. Deposit: $1,000
Prop. #115Incomplete construction in Starling Creek. 1769+/- sf, 3 bedroom, 2.5 bath home just needs some finishing touches!
Address: 608 Waxwing, Laredo, TX 78045
Inspection: Sunday, May 1st & 15th, 1 PM - 3 PM
Min. Deposit: $10,000
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, sign them and fax or email them to our office by Friday, May 13th @ 5:00pm 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.
ONLINE BIDDING REGISTRATION
Visit our website at natcomauctions.com/tx 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. To bid online, you must complete all parts of the registration process by Friday, May 13th @ 5:00pm CST. Additional requirements include wiring of the Minimum Deposit to the designated Title Company, returning the signed Auction Terms & Conditions to the auction company, and agreeing to pay an additional 11% buyers premium at closing.
Summary of the Terms and Conditions: 10% Buyers Premium applies to onsite auction purchases. 11% Buyer's Premium applies to online auction purchases. 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 on the transaction as provided for the in the Purchase & Sale Agreement. As a requirement for bidding, each bidder must have with them or deposited based on the PSA the minimum required deposit for the property as provided for in the catalog. The minimum required deposit per property ranges from $1,000 to $25,000, depending on the value of the property and must be in the form of a cashier's check, certified check, cash or wired Funds to Valley Land Title Company one business day before the start of the auction. If you will be bidding on multiple properties, you will need to have the minimum required deposit for each property. A total 10% deposit is required immediately after the auction. The balance of the 10% deposit, equal to 10% of the total purchase price less the minimum required deposit, shall be paid with a personal check, company check, certified funds, cashier's check or wired funds to Valley Land Title Company. The total 10% deposit becomes non-refundable upon ratification of the Purchase & Sale Agreement. Closing must occur within 30-days of ratification of the Purchase & Sale Agreement by the Seller. If you are the winning bidder and do not close on the sale, you will lose your deposit. Please see the Purchase & Sale Agreement for complete terms and conditions. 1.5% Broker participation offered.
Click to access
