Real Estate Property Auction

Auction Status: As Scheduled

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City
Framingham

State
MA

Zip Code
01702

Auction Date
9/24/2010 at 2:00 PM

Postponed from 8/31/2010


Property Type
Multi-Family

Deposit Amount
$25,000 in cash or certified check at the time and place of the sale.

Bid Package
Download



Multi Property Foreclosure Auction. Total of 21 units! Properties will be offered both individually and as a package.

29-31 Frederick Street: 3 Family Home with 18 rooms, 9 bedrooms, 3 baths. .18 acre lot

35-37 Frederick St: 5 Unit Building with 18 rooms, 7 bedrooms, 5 baths, .11 acre lot.

39-41 Frederick St: 5 Unit Building with 18 rooms, 7 bedrooms, 5 baths, .12 acre lot.

43-45 Frederick St.: 3 Family Home with 18 rooms, 9 bedrooms, 3 baths, .11 acre lot.

47-49 Frederick St.: 5 Unit Building with 18 rooms, 7 bedrooms, 5 baths, .11 acre lot.

80 Kendal Street: Buiding has been razed and the property is currently used as a parking lot.

Terms: $5,000 deposit per property or $25,000 deposit in order to bid on the entirety. Balance due within 30 days.



AUCTION PRE-REGISTRATION


Auction Terms & Conditions
Subject Property:  29-49 Frederick Street, Framingham, MA 01702
Auction Date:  9/24/2010 at 2:00 PM
  1. All prospective Buyers are required to register in order to Bid and to obtain a Bid Number.
  2. The Property Auction sale is not contingent on the Buyer obtaining financing, nor conditional upon inspection, and will not be extended for any purposes whatsoever.
  3. If you are a successful bidder, a non-refundable deposit of $25,000 will be due and payable at the conclusion of the Auction in the form of certified check, money order, or bank draft. The money will be held in a non-interest bearing account. At the end of the Auction, the successful Bidder will immediately enter into a Real Estate Purchase Contract, and be bound to the Terms & Conditions as set forth in the Purchase Contract. Bidders who subsequently fail to close the sale for any and all reasons will be required to release their entire deposit to the Seller as liquidated damages.
  4. All Property(s) is being sold "AS IS" condition. Bidders are encouraged to review all Property details, zoning restrictions, compliance certificate, inspection reports, and any other information prior to attending the Auction.
  5. All sales are final.
  6. The Auction sale will begin promptly at the Property location at the appointed date and time, unless a condition prevents such a sale to take place, in which case the Auctioneer will make a decision on where and when.
  7. Descriptions made by the Auction Company are made as accurately as possible in its website and advertisements, and are provided for information purposes only and should be verified by the Bidder. The Auction Company, the Designated Brokers, Seller or their Agents cannot be held liable for any errors or omissions whatsoever.
  8. The Auction Company reserves the right to deny any person admittance to, or expel any person from the Auction premises, or to withdraw any or all Property(s), or to change the Terms & Conditions, or to reopen bidding on the Property, or may designate one of the Bidders as the successful Bidder, at any time prior to or during the course of the Auction, without just cause.
  9. Bidders acknowledge that they are on the Sale site at their own risk. No person shall have any claims against the Auction Company, its staff and representatives, including its Agents for any injuries sustained or for any damages to or loss of property which may occur.
  10. In the case of dispute, the Auctioneer's decision shall be final.

If you agree with the terms and conditions, type "Agree" in the Bidder's Acknowledgement text area and click "Pre-Register for Auction".

Note: Registered users can track their registrations on the My Registrations page.

By submitting this form, you as a successful Bidder agree to the Terms & Conditions as stated by the Auction Company. Any other Terms & Conditions announced on the Auction Day would take precedence over printed matter or statements made previously. I HAVE READ, APPROVED and RECEIVED A COPY OF THESE TERMS & CONDITIONS, and ACKNOWLEDGE THAT THE INFORMATION IN MY REGISTRATION PROFILE IS ACCURATE AND TRUE



AUCTIONEER DETAILS
  Dan McLaughlin
Boston, Massachusetts
McLaughlin & Co. LLC
Office: (617) 646-1019
Fax: (617) 646-1290