PACIFIC AUCTION EXCHANGE, as Agent for the Lender will offer the property for auction on the EPAX Auctions LLC, internet website according to the following terms and conditions:

IN ORDER TO BID: MINIMUM QUALIFICATIONS TO BID ARE OVER 18 WITH A VALID CREDIT CARD, THERE WILL BE A $1.00 AUTHORIZATION TO YOUR CREDIT CARD BEFORE BIDDING IS ALLOWED.  IF YOU ARE THE HIGH BIDDER AND FAIL TO SIGN THE PURCHASE CONTRACT WITHIN 48 HOURS, THERE WILL BE A NON-REFUNDABLE CHARGE OF 350.00.

This property is currently REO (Real Estate Owned) and the sale is subject to lender/bank approval. You must preview the property in order to bid. Once a sale is approved it is final, there is no contingency period.

Announcements and information, provided on the EPAX website will take precedence over printed material. THE PROPERTY IS SOLD “AS IS,” AND ALL SALES ARE FINAL. The SUCCESSFUL BIDDER ACKNOWLEDGES THAT THE AUCTIONEER AND THE SELLER HAVE MADE NO IMPLIED WARRANTY OR REPRESENTATION OF ANY TYPE AS TO THE PROPERTY CONDITION AND THAT THE PROPERTY IS SOLD WITHOUT ANY WARRANTIES WHATSOEVER, EXPRESSED OR IMPLIED AND SPECIFICALLY THERE IS NO WARRANTY OR MERCHANTABILITY AND NO WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE. Though all descriptions and information are believed to be correct, in no event shall auctioneer, listing broker or seller be held responsible for having made or implied any warranty of description, genuineness, condition etc.

Auctioneer reserves the right to withdraw any item before or during the auction. Only registered bidders may bid on the property being sold, any exceptions to this requirement shall be within the sole discretion of PACIFIC AUCTION EXCHANGE BIDWELL PROPERTIES INC. Pacific Auction Exchange reserves the right to bid. No allowances, adjustments or rescission of sale will be allowed based upon failure of the property to correspond to a particular need. The registered bidder will be responsible for any purchase made with his or her unique EPAX identity and password.

A BUYER’S PREMIUM OF TEN PERCENT (10%) WILL BE ADDED TO THE HIGH BID AND THE TOTAL (BID+10%) WILL BE THE FINAL PURCHASE CONTRACT PRICE.
Bidder acknowledges that a deposit of $2,500.00 is required within 48 hours upon being declared the winning bidder; this money will be returned immediately if the sale is not approved by the lender/bank, otherwise it will be deposited into escrow.

RESPONSIBILITY OF BIDDER AND INDEMNIFICATION: Bidder agrees to assume the defense of and indemnify and hold harmless PACIFIC AUCTION EXCHANGE BIDWELL PROPETIES INC. for all claims, loss, damage, injury and liability of every kind, directly or indirectly caused by acts of bidder and/or it’s agents in connection with this auction or the use of the property by the successful bidder.

If the foregoing conditions or any other applicable conditions are not complied with, in addition to other remedies available to PACIFIC AUCTION EXCHANGE BIDWELL PROPERTIES INC., West Coast Realty Group and the Seller by law, including, without limitation, the right to hold the successful bidder liable for the bid price. PACIFIC AUCTION EXCHANGE BIDWELL PROPERTIES INC., as its option may either (a) cancel the sale, retaining as liquidated damages all payments made by the successful bidder or (b) resell the property publicly or privately and in such event, the successful bidder shall be liable for payment of any deficiency plus all costs, including the holding costs of the property, the expense of both sales and PACIFIC AUCTION EXCHANGE BIDWELL PROPERTIES INC. COMMISSION (which is equal to the Buyer’s Premium) and incidental damages. In any action to enforce and/or recover damages pursuant to this document PACIFIC AUCTION EXCHANGE BIDWELL PROPERTIES INC. shall be entitled to recover its attorney fees, expenses and all cost of suit incurred in such action.<