Absolute Real Estate Auction

February 03, 2011, 7:00 PM

22.4 acres M/L on W. Hwy 99, Olpe, KS

Auction to be held at The Chicken House
8. E. Hwy 99, Olpe, KS

BANKRUPTCY AUCTION…Sells Absolute to the highest bidder, NO MINIMUM……22.4 acres m/l -19.97 acres crop land & 2.47 acres native grass. ’10 tax: $172.88. Will be sold in one tract.

Terms & Conditions of Real Estate: Terms, Conditions & Financing: 10% or $2,500, whichever is greater, down the day of the auction, as earnest money, balances due on delivery of deed & marketable title. Purchasers to arrange for financing. A 5% (five percent) Buyers Premium will be added to gavel price to determine final contract price. Buyers and Sellers to split closing costs on a 50/50 basis, including title insurance. Property is selling "as is, where is" subject to restrictions, reservations, easements or zoning orders if any now existing against said property. Property is selling free & clear of all liens. If property is rented or leased, said property will be sold subject to tenant rights. All 2011 crops are to be retained by the tenant and the seller. Sale is subject to US Bankruptcy Court Approval. Property is selling subject to current tenants rights. Purchasers are urged to have and all inspections made on properties property prior to the auction. Closing within 45 days. All information is from sources deemed reliable, but not guaranteed. Auctioneer(s)/Broker(s) are agent for the sellers. See website for additional info.

Bankruptcy estate of Douglas Foster

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