NAALive Auctions - Dos Corazones Auction April, 4,2009

Due to the remote location of this property, this auction will be an internet bid auction. The minimum bid is $ 800,000 (eight hundred thousand dollars). Bidding will close at noon Central time on Saturday April 4, 2009. The Sellers will confirm the winning bidder by 3 pm on Saturday April 4, 2009. The accepted final high bid will be the total Purchase Contract Sales Price.
For an individual or corporation to be approved as a bidder for the auction, bidders must also provide evidence of financial capability-see page 14 of the Property Information Package. Contact Leo Welsh at Leo@LindaWelshAuction.com or by phone at 512-263-1030 if you have any questions about registering for this auction.
Within 2 business days after the auction ends (noon on Wednesday, April 8, 2009), the successful bidder must deliver a signed Purchase and Sale Agreement to Escrow Agent (Gracy Title) and deposit sufficient funds with the Escrow Agent to make a non-refundable earnest money deposit of $ 25,000. Additionally, the successful bidder must deposit an additional $ 50,000 non-refundable earnest money deposit with Gracy Title by April 13, 2009. The balance of the Total Purchase Contract Sales Price will be due at Closing.

Closing will take place on or before Friday April 24, 2009 unless otherwise agreed upon in writing by the seller.

The property is being sold in "as is" condition without acceptance of any contingencies. Bidders are responsible for their own inspection of the property. Purchasers' obligation to close on the property shall not be contingent on Purchaser's ability to obtain financing, or any inspections or any other contingencies. Purchaser should have their financing arrangements, if necessary, in place prior to bidding at auction.

If you are the successful bidder, you will sign the Purchase and Sale Contract. This is a legal document; consult your attorney if you have any questions on this document.
If you are represented by a Broker as your Buyer’s agent, and you want the Broker to be compensated, make sure the Broker information is noted on the Broker Participation Form (page 15 of the Property Infromation Package) and that you submit a written opening bid by fax by noon on Thursday, April 2, 2009 to Linda Welsh Auction at 512-892-3609.

Although auction information has been obtained from sources deemed reliable, the auctioneer and sellers make no warranties or guarantees expressed or implied as to the
genuineness, authenticity, or condition of the property in the auction or the accuracy of the information contained herein or announced by the auctioneer. Bidders should rely solely on their own inspection of the property and bid accordingly.

The property is being sold "as-is-where-is" with all faults and without recourse.
NO RETURNS OR REFUNDS. Any statement made by the auctioneer or seller regarding the property should be used as a guide only. Any error in description does not relieve the buyer of their responsibilities.

Auctioneer acts as an agent for the Seller and prohibits the Seller from bidding on his own property.

Persons attending any preview of the property assume all risks of damage or loss to person and property releasing auctioneer and seller of any and all liability.

All announcements made on auction day supersede any prior oral or printed statements.

Auctioneer is licensed by the State of Texas Department of Licensing and Regulation, P.O. Box 12157 Austin, TX 78711, 800-803-9202 512-463-6599 Fax 512-475-2871. Linda Welsh, Texas Auctioneer License # 15205