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LIVE AUCTION EXPLANATION (Items #1 - 110)

PROPERTIES DESIGNATED AS CASH OR TERMS

All of the properties being offered at the auction are for sale with seller financing. You may pay cash for any property, or you may finance it with us. We do not check your credit, and you do not have to qualify for financing. EVERYONE QUALIFIES FOR FINANCING, REGARDLESS OF YOUR CREDIT.

Properties are being auctioned using two different formats. Items #1-110 are being sold in a live auction format. You are bidding on the full purchase price of these properties.

When you are the successful bidder for a GREEN live auction property, you have two ways to pay:

#1 You may pay in full. For example, let's say you bid $3,000 for a property. You would pay $3,000 for the property, plus the standard closing/recording fee of $500. The total you would pay is $3,500.

#2 You may finance the property. All of the properties in the green section may be financed by paying 25% down. In the previous example, if you bid $3,000 for a property, you would pay the following:

  • $3,000 x 25% (Down Payment)
  • Closing/Recording Fee
  • Total You Pay at Auction
  • $750
  • + $500
  • = $1,250

The balance of the purchase price ($3,000 minus the $750 down payment = $2,250) would be financed. Remember, we don't check your credit, and anyone may finance a property. In this example, the $2,250 would be financed for 2 years (24 months), at 13.9% interest. You would pay 24 payments of $107.92.

The following guidelines apply to financing:

  • $1-$1,000 must be paid in full on auction day
  • $1,001-$2,000 may be financed up to 1 years
  • $2,001-$4,000 may be financed up to 2 years
  • $4,001-$6,000 may be financed up to 3 years
  • $6,001-$8,000 may be financed up to 4 years
  • $8,001-$10,000 may be financed up to 5 years
  • $10,001-$15,000 may be financed up to 6 years
  • $15,001-$20,000 may be financed up to 7 years
  • $20,001-$25,000 may be financed up to 8 years
  • $25,001-$30,000 may be financed up to 9 years
  • $30,001-$35,000 may be financed up to 10 years
  • $35,001-$40,000 may be financed up to 11 years
  • $40,001-$45,000 may be financed up to 12 years
  • $45,001-$50,000 may be financed up to 13 years
  • $50,001-$55,000 may be financed up to 14 years
  • $55,001-$60,000 may be financed up to 15 years
  • $60,001-$65,000 may be financed up to 16 years
  • $65,001-$70,000 may be financed up to 17 years
  • $70,001-$75,000 may be financed up to 18 years
  • $75,001-$80,000 may be financed up to 19 years
  • $80,001 and above may be financed up to 20 years