Are you looking for a new home or investment property? A foreclosure auction is a great opportunity to purchase real estate at a competitive price. This guide provides details about the upcoming auction for 1460 4th Place NW in Center Point, AL. Read on to learn about the property, auction process, and important requirements.
Property Details
- Address: 1460 4th Place NW, Center Point, AL 35215
- Bedrooms: 3
- Bathrooms: 2
- Living Space: 1,433 sq ft
- Lot Size: 0.29 acres
- Year Built: 1973
- Property Type: Residential (Single-Family Home)
- Auction Type: Owner-Occupant Only
- Property ID: 369512
Auction Information
- Opening Bid: $100,000
- Auction Start Date: February 4, 2025, at 9:00 AM CT
- Auction End Date: February 6, 2025, at 11:25 AM CT
- Pre-Auction Offers: Accepted with signed contract and earnest money deposit
Important Auction Rules
Who Can Bid?
This auction is limited to Owner-Occupants, Government Entities, or HUD-Approved Nonprofits. Buyers must sign a document stating their intent to use the property as their primary residence.
As-Is Sale
The property is sold as-is, where-is with no contingencies. Buyers will not have access to inspect the home before closing, and all conditions, including possible defects or hazards, are unknown.
Cash-Only Transaction
This is a cash-only sale, meaning buyers must provide proof of funds before bidding.
Occupied Property
The home is currently occupied, and buyers must not disturb the residents. After purchase, the new owner is responsible for handling occupancy matters.
Additional Buyer Responsibilities
- No Buyer’s Premium or Auction Service Fee
- Buyer’s Agent Commission: Contact the auction house for details
- Closing Costs: Buyer is responsible for escrow and closing fees, estimated between $750-$3,000
- Closing Deadline: Must occur within 30 days of seller acceptance
- Title Transfer:
- If buyer secures title insurance: Special Warranty Deed
- If buyer does not purchase title insurance: Quit Claim Deed
Special Notes
- Redemption Rights: Under Alabama law, previous owners and other parties may have up to one year to redeem the property.
- Utilities: The home is winterized, and utilities will not be turned on before closing.
- Eviction Responsibility: The buyer is responsible for any necessary eviction or lease negotiations post-sale.
Need Help?
For more information, visit the Help Center or check the Frequently Asked Questions section. You can also call 866-921-2135 or email the auction support team.
The foreclosure auction for 1460 4th Place NW, Center Point, AL is a unique opportunity for owner-occupants to purchase a home at a competitive price. However, buyers should be aware of the cash-only requirement, as-is condition, and potential post-sale responsibilities. If you’re interested, prepare your funds and mark your calendar for February 4-6, 2025!
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