Would you be game to attending a property auction? Here is some information on a Conway, Arkansas house set for auction. The property—at 1705 Marilyn Drive, Conway, AR 72032—is under auction under foreclosure. Should you be considering bidding on this auction, be advised of the details, legal disclaimers, and suitable methods of participation.
Property Overview
Property Address:
1705 Marilyn Drive, Conway, AR 72032
Situated in Conway, Arkansas, this property is under sale because of foreclosure. The auction will take place on January 27 at 10:00 AM at the main door of the Faulkner County Courthouse situated at 801 Locust St., Conway, AR 72034. Make sure you have all required information on the property and its legal situation before visiting.
Auction Type:
Live Auction
The land is being auctioned in this foreclosure/trustee auction to pay off a lien or mortgage. If you plan to bid, be sure you review the auction’s terms and conditions. The auction will be live, so you will have real-time place bids and the chance to engage on-site.
Important Auction Details
Date and Time:
- Auction Date: January 27, 2025
- Time: 10:00 AM
- Location: Faulkner County Courthouse, 801 Locust St, Conway, AR 72034
If you want to take part, be sure you show up at the courtroom on schedule. Getting early will help you to settle and get ready for the auction.
Auction Hotline:
Contact the auction service at 800-801-8003 or text “369,165” to 918-362-7302 for real-time information on auction day if you have any queries or need updates about the auction including changes in bidding or cancellals.
Property Status:
- Should the property be occupied, it is imperative that you avoid trespassing on it prior to the auction.
- Entry is forbidden, hence contacting the occupant(s) could result in legal action involving criminal and/or civil responsibility.
Respect the rules and stay away from using the property or its residents prior to the auction to help to avoid legal problems.
Legal Considerations
Foreclosure Details:
A foreclosure process is the reason behind this auction. The property is being offered “as-is,” hence any guarantees on its state or any necessary repairs are absent. Buyers should be advised there are no warranties given and the auction firm will not be checking the property.
Due Diligence:
If you would want to buy this house, you are advised to conduct your own due research. This implies looking over the property completely, including its state, any legal problems, and the expenses of any repairs. To grasp the dangers involved, buyers should also consult independent legal or financial advisers.
It’s important to understand that the auction is “AS-IS, WHERE-IS”, meaning once the property is purchased, you take ownership of it without the option for refunds or returns.
Property Legal Description
Lot 21 in the Blue Bird Hill Subdivision hosts the property. Available records of Faulkner County, Arkansas, show the property listed in the Plat Book D, Page 13. Those who want to grasp the limits and background of the country could find this material useful.
What to Know About Foreclosure Auctions
Understanding Foreclosure Auctions
When a property owner stops making their mortgage payments, there are foreclosure auctions. The lender then uses property sales to try to pay back the remaining loan sum. The highest bidder gets the property at these auctions. Although the auction procedure is open, usually the property is sold as-is without any guarantees regarding its condition.
Why Participate in a Foreclosure Auction?
One approach to get real estate at a reduced price is to attend a foreclosure auction. Still, it has hazards. One should give great thought to whether the auction price, the state of the property, and any other problems call for investigation. The lack of warranties or inspections means that you are accepting the property in its current state, including any hidden damages or liabilities.
Tips for Auction Participants
Do Your Research
Look up the history, location, and any legal or financial concerns connected to the property before attending the auction; the auction company will provide some information, but it’s crucial to do your own investigation to prevent surprises.
Set a Budget
Before bidding, set a budget. It’s easy to get caught up in the excitement of an auction, but remember that you’re committing to a purchase that may require additional costs for repairs, maintenance, or legal matters.
Stay Calm and Bid Wisely
One should remain composed and avoid making hasty bids during the live auction. Only bid what you are comfortable with; stay to within your means. Though they move fast, auctions should be considered carefully before acting.
Remember that knowing the legal specifics and hazards associated is crucial if you are considering buying real estate at the Conway, AR auction held at 1705 Marilyn Drive. The property is sold as-is since it is being auction under a foreclosure process. This implies no promises about its state of affairs.
To guarantee you make a wise choice, first do extensive study, then create a budget and receive legal guidance. If you intend to bid on the property, make sure you show up for the auction held at the Faulkner County Courthouse on January 27.
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