16 STATE LENDER OWNED AUCTIONS

Many Sell With No Reserves

Apartments, Industrial, Land & Lots, Office, Residential, Retail

May 19th – 29^th, 2015

Online and Webcast Auctions

MULTIFAMILY in Connecticut, Illinois, Pennsylvania, and Texas

INDUSTRIAL in Florida, Georgia and South Carolina

LAND AND LOTS in Florida, Illinois, Michigan, Mississippi, New York, North Carolina, Ohio, South Carolina and Texas

OFFICE in Connecticut, Georgia, Illinois, Michigan, Ohio, Pennsylvania

RESIDENTIAL in Louisiana, Mississippi, South Carolina

RETAIL in Florida, Georgia, Illinois, Indiana, Louisiana, Pennsylvania, Wisconsin

For property information, auction terms, bidding instructions, and updates, go to

www.auctionEbid.com

TOLLFREE 877-980-9565

Terms:  Bank Proof of Funds Required to Bid, 10% Buyers Premium added to winning bid to determine sale price, Greater of 10% or $2,500 Earnest Money Deposit, close in 30 days.

1827 POWERS FERRY ROAD, BLDG. 5

ATLANTA, GA   30339

770-980-9565, TOLLFREE 877-980-9565

www.auctionEbid.com

AMC LOGO, GAL #2503, NCAL #7403, SCAL# 3198,TX AL#14026

Julian E Howell, III, licensed broker in AL, FL, GA, NC, SC

PLEASE CLICK HERE FOR INDIANA AUCTION

Questions? Visit www.auctionEbid.com , email  info@auctionEbid.com, or 770-980-9565

Interactive Google Maphttp://goo.gl/maps/yIfYA

Auctions conducted in cooperation and conjunction with:

Mozingo Real Estate & Auction,  MS Broker, MSAL # 268

Pamela K Rose Auction Co LLC, MI broker

Pamela Rose Auction Co., LLC, OH Realtor

Max Spann Real Estate Auction Company, CT Lic#_____, NJ & PA Auctioneer & Broker, Robert L. Dann Auctioneer Lic#AU005609

Frederic Havens, LA AL#___

Michael Fine, Fine & Company LLC, Licensed IL Broker 481011386, TX Licensed Broker, WI _______

Matt Gallivan, IN AL_____

We are conducting two types of auctions- online only, and onsite (or ballroom) with webcast bidding. The online only assets will be sold in geographic groups with 3 separate ending times. Any bids placed within 5 minutes of the bid deadline automatically extends the bidding for all assets in the group for another 5 minutes. The auction ends when 5 minutes pass with no bidding on any asset in the group.

ONLINE ONLY AUCTION GROUP ONE

Bid Deadline May 19th at 10 AM ET

Sale Manager: Max Spann, (908) 296-0978, maxm@maxspann.com

388 Elwood Avenue, Hawthorne NY 10532- .3 acre commercial lot

334 North Pennsylvania Ave, Wilkes Barre PA 18702- 9000 sf retail building on 105×105 lot

730 North Main Street, Wilkes Barre, PA 18702- 5520 sf office with apts upstairs

127 West Market Street, Williamstown PA 17098- 8 unit 4 story apartment building zoned commercial

Northern R-O-W line of US Rte 209, Williamstown PA 17098-old 4 bay carwash on .92 acres

ONLINE ONLY AUCTION GROUP TWO

Bid Deadline May 19th at 12 Noon ET, 11 AM CT

IL Sale Manager: Michael Fine, (312) 953-9534, michael@fineandcompany.com

IN Sale Manager: Matt Gallivan, (317) 698-8508, matt@njgallivan.com

OH & MI Sale Manager: Pamela Rose, (419) 865-1224, pam@pamelaroseauction.com

10 Residential Lots in Madison Ridge Phase 1, Carterville IL 62959

4810-4830 W 34th Street, Indianapolis IN 46224- 6400 sf strip center on 38,000 sf site

7188 Sanctuary Drive, Jackson MI 49201- 33 residential 1-2 acre lots, 13 are lakefront

301 Williamston Center Rd, Ingham MI 48895-1818 sf medical office condo

Four 3+ acre lots on Northwoods Drive, Egelston Township Industrial Park, Muskegon MI

20 Whittemore, Pontiac MI 48342- 2830 sf freestanding office building on .21 acre

39 West Franklin Street, Centerville OH 45459- 2 story 1890 sf office originally built in 1830

Brookehille Drive & Village Park Drive, Powell OH 43065- 1.13 acre multifamily parcel

206 S Brown School Rd, Vandalia OH 45377- 2760 sf office building (former residential0

ONLINE ONLY AUCTION GROUP THREE

Bid Deadline May 19th at 2 PM ET, 1 PM CT

AL/NC/SC Sale Manager: Jeb Howell, (770) 841-9924, jeb@auctionEbid.com

GA Sale Manager: Amy Martin, (404) 734-3606, amy@auctionEbid.com

FL Sale Manager: Chris Fisher, (386) 690-1295, chris@auctionEbid.com

TX Sale Manager: Michael Fine, (312) 953-9534, michael@fineandcompany.com

19 residential acres at Edmondson Street & Section Line Rd, Albertville AL 35950

1401 MLK Jr Street, Arcadia FL 34266- 14 units in 5 metal buildings totaling 8824 sf on 1.17 acres

1520 Hoolihan Lane, North Ft Myers FL 33917- residential cul-de-sac lot with 7.95 acre adjoining tract

2105 Main St South, Tifton GA 31794- 2880 sf metal building suitable for shop or storage

1005-6055 Marina Pointe Rd, Salisbury NC 28146- 3 incomplete townhomes on 4.5 lakefront acres

33 Sandcastle Ct, Hilton Head Island SC 29928- residential lot in gated community

880 Hwy 701 North, Loris SC 29569-2417 sf metal building zoned AG on .75 acres

130 Berkeley Circle, Summerville SC 29483- 1524 sf commercial bldg on .4 acres

401 West Moss Street, Eastland TX 76448- 16,000 sf former nursing home on 1+ acre

2424 SE Loop 10 and Wayne Drive, San Antonio TX 78210- .66 acre zoned commercial

 The following assets will be sold either onsite, or in the case of the Chicagoland assets, in a ballroom setting. All of the auctions will incorporate live webcast bidding so that remote bidders can participate as well.

ONSITE/ WEBCAST AUCTION ROUTE ONE

GA Sale Manager: Amy Martin, (404) 734-3606, amy@auctionEbid.com

FL Sale Manager: Chris Fisher, (386) 690-1295, chris@auctionEbid.com520 Hooliha, n Lane

Wednesday, May 20^th:              

10 AM ET-2417 Lenora Church Road, Snellville GA 30078- 1840 sf office on .35 acres

4 PM ET- 4501 New Jesup Highway, Brunswick GA 31520- 4733 sf office on .61 acres

Thursday, May 21st:

10 AM ET-8324 Arlington Expressway, Jacksonville FL 32211- 3832 sf restaurant on 1.53 acres

4 PM ET- 2206 53rd Ave E, Bradenton FL 34203- 2056 sf former daycare on .28 acres

ONSITE/ WEBCAST AUCTION ROUTE TWO

LA Sale Manager: Fred Havens, (310) 922-4650, fredrichavens@gmail.com

MS Sale Manager: John Mozingo III, (228) 697-5680, jmozingo3@gmail.com

Monday, May 25th:

10 AM CT- 4508 Marque Drive, New Orleans LA- 3 BR/ 2 BA home on .16 acre lot

12 Noon CT- 35647 Liberty Drive, Slidell LA 70560- 4500 sf former day care on .9 acre lot

2 PM CT- Stone Bridge Estates, Carriere MS 39426- 11 residential lots selling together

4 PM CT- 17577 Robinson Road, Gulfport MS 39503- 3 BR/ 1 BA home on 1.5 acre lot

ONSITE/ WEBCAST AUCTION ROUTE THREE

IL & WI Sale Manager: Michael Fine, (312) 953-9534, michael@fineandcompany.com

Wednesday, May 27th:

10 AM CT AT (LOCATION) ALL CHICAGO AREA PROPERTIES SELL AT THIS LOCATION

115-119 E. 111th Street, Chicago IL- 60628-5600+- sf 2 story vacant apartment building on .11 acre lot

1007 Burnham Avenue, Calumet City Il 60409- vacant .42 acre lot near Michigan City Rd corner

1234-1240 N Pulaski Road, Chicago IL 60651- 2500 sf mixed use building with 2+ units on corner lot

1338 S Springfield Ave, Chicago IL 60623- 6100 sf 3 story vacant boarded apartment building

1905 S Central Ave, Cicero IL 60804- 1800+- sf occupied with ethnic grocery store on .08 acre lot

2301 Beau Monde Lane, Unit 111, Lisle IL 60532- 1075 sf 2 BR 2 BA unit in Lisle Place Condominium

2301 S Oakley Ave, Chicago IL 60608- 5400 building, bar on 1st floor, apartments on 2nd & 3rd floors

Selling onsite with webcast bidding:

4 PM CT- 7311-7321 N Teutonia Ave, Milwaukee WI 53209- 8274 sf 5 unit strip center on .44 acres

ONSITE/ WEBCAST AUCTION ROUTE FOUR

Sale Manager: Max Spann, (908) 296-0978, maxm@maxspann.com

Friday, May 29th:

10 AM ET- 90 Main Street, Centerbrook CT 06409-4 office condos in Spencer’s Corner Condominium

3 PM ET- 1387-1397 Pembroke Street, Bridgeport CT 06610- 6 unit apartment building

AUCTION TERMS AND CONDITIONS:

AUCTION REGISTRATION: In order to register for the auctions, you must have pre-inspected the property and must confirm that you have done your own inspection prior to registration. You must provide proof of funds from your bank showing sufficient funds to cover the required earnest money downpayment in order to obtain a bid number. This may be accomplished by faxing the proof of funds to 770-980-9383 or emailing to info@auctionebid.com in advance of the auction. Proof of funds consists of a copy, fax, or scanned pdf of a current bank statement in bidder’s name showing sufficient funds for earnest money deposit. If you are unable to provide these in advance, please contact the sale manager for instructions.

AUCTION INFORMATION & OFFICES: All available material and updates are posted to www.auctionEbid.com. Due diligence materials, Auction Purchase and Sale Agreement, Broker Registration forms, and other information may be obtained by calling 770-980-9565, or by visiting our websites.

BROKER PARTICIPATION INVITED: Unless noted otherwise in property listing or herein, a broker commission of one (1%) of the Winning Bid will be paid on real estate.  A commission will only be paid to the properly licensed broker whose prospect purchases and closes on the real estate. To qualify for a commission, the Broker must register by mail, email, fax or hand delivery using the Broker Registration/ Written Opening Bid form posted to the website for the property listing prior to bidder registration. The registration form must be signed by the prospect and the Broker, and must be received at an office of Auction Management Corporation no later than 5:00 PM two (2) days prior to each bid deadline via fax or mail. In no case will a broker registration be accepted after a bidder has registered. If bidder bids onsite, Broker must also attend the auction and sign the Auction Real Estate Sales Contract if their client is the winning bidder. Commissions to be paid only upon closing. A Broker cannot act as a principal and a broker on the same transaction.

CONDUCT OF THE AUCTION: There are two types of auctions in this sale- Onsite with Webcast Bidding, and Online Only. The type is identified for each asset.

On the Onsite with Webcast Bidding events, bidders may bid online through our live webcast of each auction, or onsite at the indicated auction location. Unless other arrangements are made in advance, bids will be accepted from preregistered bidders only. The auction ends when the highest bid is recognized by the auctioneer.

On the Online Only auctions, bidders MUST register online in advance in order to be approved to bid. For this sale, all assets in the Online Only auctions will occur in Extension Groups. The bid deadline is the same for all assets in the extension group. Any bid placed at bid deadline automatically extends the bid deadline on all assets for 5 minutes. Bidding is enabled for all assets until 5 minutes pass with no additional bidding on any of the assets, at which point the high bidder on each asset becomes the winning bidder.

Bid increments and bidding methodology are subject to change at the sole discretion of auctioneer.

TERMS OF SALE FOR REAL ESTATE: Winning bidders will pay an earnest money deposit of the greater of $2,500.00 or ten (10%) of the purchase price (bid amount plus buyer’s premium). Upon conclusion of the bidding, Buyer will sign an Auction Purchase and Sale Agreement (“PSA”), and must submit earnest money deposit in the form of a wire transfer to  seller-designated escrow agent (See Auction Purchase & Sale Agreement). The earnest money deposit is non-refundable.

Closing must occur within the published deadline for each asset from its auction date unless extended in writing by mutual consent of the parties. The closings must occur within 30 days of each auction. Any buyer not closing within the contractual time period to close may forfeit his/her earnest money deposit. Buyers shall execute an Auction Purchase and Sale Agreement for the property immediately after being declared the successful bidder by auctioneer. A form Auction PSA is available at our website and at the auction site prior to the auction. The Auction PSA which Buyer must sign at the auction contains an acknowledgment that Buyer has inspected the property prior to the auction, is relying solely on his/her inspection, and is purchasing the property As Is with all faults and without reliance on any warranty of any kind whatsoever. NO CHANGES WILL BE MADE TO SAID AUCTION PSA OR ANY EXHIBITS ATTACHED THERETO, AND BUYER WILL BE OBLIGATED TO EXECUTE AND DELIVER SAID AUCTION PSA ON AUCTION DAY. Provided, however, Seller reserves the right to modify or amend said Auction PSA, to complete blank sections, to attach appropriate exhibits, and to comply with state and local laws as may be enacted or amended from time to time. All payments (ie Earnest Money, Closing Funds) must be in the form of wire transfer only. On Chicago assets, Buyers must agree to sign any forms required by local governmental agencies as a condition of closing agreeing that they are accepting properties “As-Is” and that no C.O.’s will be issued until Buyer has performed whatever repairs the local municipality or county may require

BUYER’S PREMIUM: Properties will be sold with a ten (10%) percent buyer’s premium. The bid amount plus buyer’s premium equals the final purchase price. For example: A $100,000 bid, plus the 10% ($10,000) buyer’s premium, equals the $110,000 final purchase price.

FINANCING: Please note that financing is NOT a contingency of any transaction. Because financing is NOT a contingency, all potential bidders must make certain in advance that they are capable of obtaining the necessary financing to close the transaction.

PLATS/SKETCHES/DRAWINGS AND PHOTOS: Are not to be relied on. Existing legal descriptions are not guaranteed for complete accuracy. All acreage and dimensions are approximate and could be subject to change upon an actual field survey. All stakes, signs or flags indicating boundaries or location are for general location purposes only and are not to be construed as precise property corners.

AUCTION POWER OF ATTORNEY: For interested bidders who cannot attend the auction but would like to have a representative bid at the auction on their behalf, an Auction Power of Attorney can be obtained by contacting the Auction Information Office at (770) 980-9565.

TAX EXCHANGE: Sellers and Purchasers agree that certain Sellers may effectuate 1031 Tax Exchanges on certain properties sold herein. Buyers will agree to cooperate and execute necessary documents to enable Sellers to consummate said transactions.  

EASEMENTS: All property sold is subject to recorded easements which include existing roads and planned roads, power line and other utility easements, ingress and egress easements, and other easements of record.

BUYER’S NOTE: Auctioneer reserves the right to add or delete property from this auction or to alter the order of sale from that published herein. Auctioneer reserves the right to convert the bidding platform from an online to an onsite bidding platform if no bidders register and submit required bid deposit by the online bidding deadline. Personal on-site inspection of the property is strongly recommended. Failure to inspect property prior to auction does not relieve purchaser of contractual obligations of purchase. Property sells As Is – Where Is with no warranties expressed or implied. Real property to be conveyed by Limited or Special Warranty Deed. Only the following sale closing costs will be paid by seller: (1) Commissions or brokerage fees to auctioneer and/or cooperating Brokers as set forth in separate agreement with auctioneer, and as established in these Terms and Conditions; (2) reasonable title corrective expenses, in Seller’s sole determination; and (3) Prorated property taxes and back taxes due, if any. All other closing costs, including but not limited to surveys, title examination, loan closing costs, and purchaser’s attorney fees are at the expense of the Buyer. Sale shall be closed at the offices of Seller’s Designated Closing Agent (“Closing Agent”), as noted in Auction Purchase & Sale Agreement, or as announced at the auction.

Seller shall pay, on the Closing Date, all of the cost of the preparation of the deed, and Purchaser shall pay, on the Closing Date, the premium for the Owner’s Policy and any endorsements to the Owner’s Policy requested by Purchaser, or its lender, any transfer tax on the Assignment of the Lease, all recording costs, intangible tax on any mortgage, documentary stamps or tax on any note, pending special assessment liens for which the work has not been substantially completed, the cost of any inspections conducted by Purchaser, and any other customary charges and costs of closing. Except as otherwise provided herein, each party shall pay its own attorneys’ fees.

Information was gathered from reliable sources and is believed to be correct as of the date this material is published, however, this information has not been independently verified by sellers or auctioneers. Its accuracy is not warranted in any way. There is no obligation on the part of Sellers or Auctioneer to update this information. ALL ANNOUNCEMENTS MADE AT THE AUCTION TAKE PRECEDENCE OVER ALL ADVERTISING. The sellers do not have any liabilities whatsoever for any oral or written representations, warranties or agreements relating to the property except as expressly set forth in the Auction PSA. There is no obligation on the part of the Sellers to accept any backup bids in the event the high bid falls through.