FEDERAL BANKRUPTCY AUCTION – SEARCY COUNTY REAL ESTATE, LOUIS VUITTON, DIAMOND/GOLD JEWELRY

FEDERAL BANKRUPTCY AUCTION

TERMS & CONDITIONS ON REAL ESTATE: (Scroll down to read Terms & Conditions on Personal Property)

This auction is part of a Federal Bankruptcy proceeding therefore all offers are subject to the approval of the Federal Bankruptcy Trustee.

Upon the Sellers acceptance of the highest bid, winning bidder will be required to put down 20% of the contract purchase price immediately following the auction in form of a cashier’s check made payable to M. Randy Rice, Trustee. This is a non-refundable earnest money down payment. The balance will be due in approximately 30 days at closing. Buyer will receive a Trustee’s Deed. If title insurance is desired, buyer shall employ title company of their choosing and obtain title insurance at their own expense. Buyer & Seller will each pay their respective portion of the closing cost & taxes will be prorated to the date of closing.

Buyer’s Commitment: Your bids placed on the Wooley Auctioneers website/bidding platform are a FIRM COMMITMENT TO BUY and you are responsible for paying all amounts due.

Wooley Auctioneers requires a credit card for bidder verification purposes only. We will never charge your credit card for real estate transactions. Wooley Auctioneers will contact the winning bidder by phone at the conclusion of the auction with detailed payment instructions. (See payment instructions below)

Payment Instructions: Winning bidder will be required to put 20% of the contract purchase price immediately following the auction in form of a cashier’s check made payable to M. Randy Rice, Trustee. The balance will be due in approximately 30 days at closing. Buyer will receive a Trustees Deed, if title insurance is desired, buyer shall employ title company of their choosing and obtain title insurance at their own expense. Buyer & Seller will each pay their respective portion of the closing cost & taxes will be prorated to the date of closing.

Your bid is a FIRM COMMITMENT TO BUY should you be the winning bidder.

All property is sold “AS IS”.

By bidding on property, the bidder shows acceptance of the terms of the auction

Currency Type: USD

Wooley Auctioneers attempts to describe the property to the best of our abilities however we make no representations or guarantees. In no event shall Wooley Auctioneers, Inc. be held responsible for having made or implied any warranty of merchantability or fitness for a purpose. Nor shall we be responsible for any errors or omissions in the description of the property.

Wooley Auctioneers, Inc. is providing an Internet auction as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall bidder have any kind of claim against Auction Company or anyone else if the Internet service fails to work correctly during the online auction. Auction Company will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy bidding feature and leave their maximum bid at least 24 hours before the auction closes. Auction Company reserves the right to withdraw or re-catalog items in this auction.

EXPLANATION SOFT CLOSE: if an item receives a bid within the last 5 minutes, then the close time will be extended 5 minutes from the time the bid is placed. The time will continue to be extended for 5 minutes with each newly placed bid and the item will not close until 5 minutes have elapsed with no additional bid activity. This does eliminate “snipers” from our Internet Auctions. Please be assured that we have taken every precaution to set the site up in a transparent manner that allows for the fairest environment for both buyers and sellers.

TERMS & CONDITIONS ON PERSONAL PROPERTY: (Scroll up to read Terms & Conditions on Real Estate)

ALL BUYERS MUST READ & AGREE TO THESE TERMS & CONDITIONS BEFORE PLACING BIDS. SCROLL DOWN TO READ ALL TERMS

This auction is part of a Federal Bankruptcy proceeding therefore all offers are subject to the approval of the Federal Bankruptcy Trustee.

BIDDING ENDS: Wednesday October 26^th at 2:00pm

INSPECTION/PREVIEW: Tuesday, October 25^th from 2:00pm – 3:00pm at the Law Office of Rice & Associates Located: 124 W Capitol Ave Suite 1850, Little Rock, AR 72201

LOAD OUT/REMOVAL: By appointment only, Contact Auctioneer Brad W. Wooley to schedule your appointment: 501-940-3979

PAYMENT OPTIONS: Cash or Cashier’s check made payable to “M Randy Rice, Trustee”

PARTICIPATION REQUIREMENTS: Name, address, daytime phone number, email address and a Valid Credit Card required for bidding approval.

CURRENCY TYPE: USD

RETENTION OF CREDIT CARD INFORMATION: By providing your credit card information, you authorize Wooley Auctioneers, Inc. to charge your credit card for the purchase amount of any successful bid.

BUYER’S CONTRACT: Your bids placed on the Wooley Auctioneers website are a contract and you are responsible for paying all amounts due. If you cannot pay for and pick up the items during the times specified, then you must not bid.

SHIPPING: Contact auctioneer Brad W. Wooley to work out shipping details

Wooley Auctioneers, Inc. (Auction Company) is providing an Internet auction as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall bidder have any kind of claim against Auction Company or anyone else if the Internet service fails to work correctly during the online auction. Auction Company will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy bidding feature and leave their maximum bid at least 24 hours before the auction closes. Auction Company reserves the right to withdraw or re-catalog items in this auction.

SPECIAL TERMS OF SALE

1. YOUR BID IS A CONTRACT TO BUY should you be the winning bidder.

2. All property is sold “AS IS”.

3. No Returns: All sales are final. There are no returns, refunds, or adjustments.

4. Age Requirement: All bidders must be 18 years of age or older.

5. Our Internet on-line auctions move quickly! If you are interested in an item, bid quickly. If you win an item in the auction you will be notified by email.

6. Any debt collection or dispute proceedings will be heard in Pulaski County, Arkansas.

7. ALL SALES ARE FINAL. Your bid IS A CONTRACT TO BUY should you win.

8. By bidding on any item, the bidder shows acceptance of the terms of the auction.

9. The auction company reserves the right to refuse service to any person.

10. All announcements made prior to the close of the Internet bidding take precedence over any and all written or verbal statements.

11. Wooley Auctioneers attempts to describe the merchandise to the best of our abilities however we make no representations or guarantees. In no event shall Wooley Auctioneers, Inc. be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Nor shall we be responsible for any errors or omissions in the description of the merchandise.