Currently up for sale is the Quincy, Illinois property at 1401 S 16th St via a foreclosure/trustee auction. This Adams County property will be auction on January 27 at 9:30 AM in the Adams County Courhouse. If you would want to bid on the house, you must first understand the auction process, the terms involved, and the state of the property. This page will provide you all the information required regarding the auction, the property, and what you need know prior to attending.
Auction Information and Location
The house at 1401 S 16th St., Quincy, IL 62301 will be live auction on January 27 at 9:30 AM. The sale will take place at the Adams County Courthouse, most particularly the second floor Law Library at 521 Vermont Street, Quincy, Illinois.
This is a foreclosure/trustee auction; legal or debt-related factors are driving the sale of the property. Usually held to pay back the debt owing to the lender or lienholder, auctions of this kind This is a live auction, hence the bidding procedure will take place personally in the courthouse.
Prospective buyers should be ready for a competitive market whereby the highest bid will acquire the property.
Interested parties can text “369,274” to 918.362.7302 for additional information on the auction including any possible adjustments to the time, date, or property details.
Key Auction Rules and Disclaimers
Before attending the auction, it’s crucial to understand the terms and conditions that govern this foreclosure sale.
Entry Restrictions
Should the property at 1401 S 16th St be occupied, trespassing or disturbance of any possible occupants is unlawful. It is abundantly evident that “DO NOT TRESPASS” since breaking this law could result in either criminal or civil consequences. Bidders should also avoid trying to access the property without permission or contacting its occupants.
Property Condition
This property is offered “AS-IS, WHERE IS” since it’s auction in a foreclosure sale. This implies that warranties or assurances concerning the status of the building, its fixtures, or systems (such as plumbing, heating, or air conditioning) are not given and that the property is being sold in its current condition.
Before deciding to bid, bidders have to do their own due research including property inspection and professional advice seeking.
The auction does not provide any warranties on the state of the property, hence bidders should exercise caution and knowledge before taking part.
Due Diligence is Crucial
Potential buyers should do extensive investigation to grasp the whole features of the auction conditions and the property. This covers consulting professionals in real estate, attorneys, or financial advisers. Photographs and documentation found on auction websites should be considered informational only and might not fairly represent the state of the property.
Property Overview
Although the house at 1401 S 16th St is a domestic single-family house, further information regarding its precise size, age, or condition is not known. This is typical of foreclosure auctions in which the lender or trustee has no obligation for supplying comprehensive property information. As said, before they bid, bidders are advised to evaluate the property on their own initiative.
To find more about the history of the property, for instance, you could choose to drive by it or refer to local records. Many auction attendees also pay contractors or inspectors to better grasp the demands of the property and possible repairs.
Important Auction Dates and Updates
The Adams County Courthouse will host the live auction; it is set for January 27 at 9:30 AM. Arriving early will help you to guarantee ample time to register for the auction and examine any last-minute adjustments or modifications.
Text “369,274” on the day of the auction to 918.362.7302 to keep informed on any modifications to the auction. This service will supply auction specifics including scheduling modifications or any updates about the property.
All told, the Quincy, Illinois, property at 1401 S 16th St is scheduled for sale at the Adams County Courthouse under foreclosure on January 27. If you’re thinking about bidding on this house, you really should be completely aware of the auction procedure and state of the property.
Remember the property is being sold “AS-IS, WHERE IS,” hence warranties or guarantees are not offered. Before bidding, you have to investigate on your own, tour the property, and consult professionals.
Although these kinds of auctions present a great chance to buy a house at a possibly reduced price, they have certain hazards, particularly with relation to the state of the property. Before bidding, always be sure to complete your due research and grasp the auction terms.
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