Name S. Gantt Real Estate Bankruptcy Online Auction
Auctioneer Lawler Auction Company
Type Online-Only Auction
Date(s) 2/27/2017
Monday, February 27, 2017 at 2pm.
Preview Date/Time Anytime before Feb. 27, 2017 at 2pm.
Checkout Date/Time Monday, February 27, 2017
Location 7781 Highway 1 North
Shreveport, LA 71107
Buyer Premium NO BUYER'S PREMIUM FOR THIS AUCTION
Description
We have been commissioned by the United States Bankruptcy Court to conduct an auction of real estate belonging to the Bankruptcy Estate of Steven Cloy Gantt, located in Nacogdoches County, Texas. Lawler Auction Company has teamed up with licensed Texas Real Estate Broker S.Carney & Associates Inc., Sheila D. Carney/ President/Broker, Corporate TX License # 454007 located at 3001 North Street, Nacogdoches, Texas, to conduct this online only auction. This auction is being conducted pursuant to the Court Order issued by the United States Bankruptcy Court in the Western District of Louisiana (Case No. 16-11738).
The property is being sold "as is" with all faults. Buyer assumes any and all risks. We assume there are no mineral rights that go with this property as there appears to be production on the property. On the day of the auction, the winning buyer shall deliver to Lawler Auction Company, located at 7781 Highway 1 North, Shreveport, Louisiana 71107, a cashier's check in the amount of Ten Thousand Dollars ($10,000) that will be held as a non-refundable deposit. The balance will be due within thirty (30) days when closing must occur. All closing costs shall be assessed to the buyer. Trustee will provide a deed to the property upon full payment of the bid amount. Any title search or title insurance required by the buyer will be at the buyer's expense. There is no buyer's premium. Lawler Auction Company is acting as an auctioneer only, and is licensed in the State of Texas to conduct auctions. If a buyer has questions about the property, we suggest that you contact an attorney or seek guidance from a professional real estate agent or broker (at the buyer's own expense). Questions about the real estate shall be directed to S. Carney & Associates Inc., Sheila Carney, President / Broker, 3001 North Street, Nacogdoches, Texas 75965. Texas Lic. # 454007. Her telephone number is (936) 569-4097. Her email address is sheilacarney@swbell.net. Questions about the auction itself shall be directed to Lawler Auction Company at (318) 929-7003. No brokerage fee or selling fee is being offered for this particular real estate auction to any real estate agent or broker. There will be no splitting of the fees. The online internet auction will begin to close at 2pm on Monday, February 27, 2017. In the event of a last minute bid, the bidding will be extended out two minutes for each subsequent bid until the bidding ends and a winner is declared. This auction is being conducted in conjunction with the Court Order handed down by the United States Bankruptcy Court in the Western District of Louisiana, Shreveport Division.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 10.00 1.00 USD
10.01 - 25.00 2.50 USD
25.01 - 100.00 5.00 USD
100.01 - 300.00 10.00 USD
300.01 - 1,000.00 25.00 USD
1,000.01 - 2,000.00 50.00 USD
2,000.01 - 3,000.00 100.00 USD
3,000.01 - 10,000.00 250.00 USD
10,000.01 - 100,000.00 500.00 USD
100,000.01 - 500,000.00 1,000.00 USD
500,000.01 - 9,999,999.99 5,000.00 USD
Currency USD
Buyer Premium NO BUYER'S PREMIUM FOR THIS AUCTION
Payment Terms
A deposit of $10,000 must be made to Lawler Auction Company on the day of the auction by cashier's check or bank wire transfer.