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Property Type: Land Status:   Closed
   Old Lake Rd., Hemphill, Texas  75948 Auction ID : 101458   
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Bank Ordered 932+/- Acre Land Auction
Location: Old Lake Rd.
Hemphill, Texas  75948
Time Left: Closed
Auction Date: Jan. 25, 2013
Time: 11:00 am
Winner(s) N/A
Description

Bank Ordered Land Auction

January 25th - Selling On-Site

Auction Begins at 11 AM

Registration Opens 9 AM

Property and Sale at... Old Lake Rd, Hemphill, TX 75948.

Preview Jan 18th 10 Am - 2 PM

REAL ESTATE

Enjoy some great recreation and family time on this 932+/- wooded acres of rolling terrain and over 4,000 ft. of shoreline on the Texas side of Lake Toledo Bend. Excellent interior roads throughout will get you to great hunting spots, gorgeous hilltop views, or down to the lake for some of the best fishing you will find. In addition to the timber, the property features a variety of native trees including long leaf pine, red oaks, and many large magnolias.

This bank owned property is a must see and will be offered in a variety of tract sizes that should offer something for everyone. Tract sizes starting at 12 acres, 20 acres and more of waterfront, or get a couple hundred acres of timberland or hunting land, or buy the whole property if you want. Many of the tracts will have electrical power either on or very close to the property lines, as the previous owner put in place much of the necessary infrastructure for an elite lakeside development.

Earnest Money, Registration, & Buyers Premium: Proof of $20,000 cashiers’ check for earnest money payment is required at registration and will be collected immediately upon being declared the successful bidder. A 5% Buyers Premium will be added to the successful bid price to determine the total contract price.

For Auction Information or Pre-Auction Offers

Auctioneer David Coleman, CAI at (936) 661-3411 or david@colemanandpatterson.com

Texas Auctioneers License #13489

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Bank Ordered 932+/- Acre Land Auction
Address Information
Street Address Old Lake Rd.
City Hemphill
State/Province Texas
Zip/Post Code 75948
Google Map
Property Information
Purpose of Sale Foreclosure

Lot Size 932 +/- Acres

Auction Basics

Buyer's Responsibilities

  1. 5% BUYERS PREMIUM or $1,500 (Whichever is greater) = Additional fee added to the final bid amount to equal the total contract price.
  2. $20,000 EARNEST MONEY – Bring Cashiers’ Check payable to yourself. Must show proof of funds to register.
  3. CLOSE IN 30 DAYS or risk loss of earnest money deposit.
  4. NOT CONTINGENT UPON FINANCING - have financial arrangements made before bidding.
  5. AS-IS/WHERE-IS - buyer assumes full responsibility as to condition and suitability.
  6. ALL PLACED BIDS will be held accountable for 7 business days from auction end date for sellers approval.
  7. DEFAULTING and/or fraudulent bidders are responsible for auction commissions plus collection and/or atty fees and will be reported to authorities.

Buyers Rewards

  1. SELLER PAID TITLE POLICY
  2. NO BACK TAXES
  3. NO LIENS
  4. NO ENCUMBRANCES
  5. HIGHLY MOTIVATED SELLER

This is only a summary. Please review the "Auction Sales Contract" and the complete "Terms & Conditions" below. Please contact our office with any questions prior to placing bids.

Auction Sales Contract Auction Sales Contract

Terms and Conditions Terms and Conditions
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