the cedar funding estate 57 real estate properties · 1 4519 419-371-018 47208 arroyo seco rd....

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OFFERING MEMORANDUM

BANKRUPTCY AUCTIONThe Cedar Funding Estate

57 REAL ESTATE PROPERTIES

WILL BE SOLD AT ANY PRICE

BIDS DUE BY: MAY 6, 2015

PAGE | 2 800.784.5884 x6241 | braunworldbid.com world bid by

THIS IS OFFERING MEMORANDUM intended solely for the parties interested in the estate. This memorandum contains information pertaining to the Seller, Cedar Funding Inc., Chapter 7 Bankruptcy Trustee of the Cedar Funding Estate (“Seller”) and has been prepared by BRAUN, Inc. (“BRAUN”). Although representatives of the Seller have reviewed this memorandum, it does not purport to be all-inclusive or contain all of the information that a potential investor may desire. Neither the Seller, nor any of its members, officers, directors, attorneys, employees or agents, nor BRAUN, nor Broker, make any representation or warranty, expressed or implied, as to the accuracy or completeness of any of the information contained herein. The Seller, BRAUN and Broker disclaims any liability which may be based on such information, errors therein, or omissions therefrom. All financial data contained herein is unaudited by BRAUN. The information contained herein represents estimates based on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that the actual results will conform to such projections. There is no representation as to environmental condition of the property, or as to any other aspect of the property. This memorandum shall not be deemed an indication of the state of affairs of the Seller or constitute an indication that there has been no change in the business or affairs of the Seller since the date of preparation of this memorandum. Neither the Seller, Broker nor BRAUN undertakes any obligation to provide additional information or to correct or update any of the information contained in this confidential memorandum. The Buyer will assume any past due property tax liability. Each group of properties will be sold in bulk, buyers may buy a single group or multiple groups.

OFFERING MEMORANDUM

Tabl

e of

Con

tent

s

1. 47208 Arroyo Seco Rd., Greenfield, CA 93925 (1 property)

2. 16 Vista Ladera, Carmel Valley, CA (1 property)

3. Lot 55 Las Lomas Rd, Watsonville, CA 95076 (2 properties)

4. Parcels 1 & 2 Sage Creek, St. Helena, CA (1 property)

5. Hillcrest, Spring & Patricia Road, Orinda, CA 94563 (12 properties)

6. Garces Way, Highway, Delano, CA 93216 (3 properties)

7. 8360 Kellwood Court, Elk Grove, CA 95758 (1 property)

8. Vacant Lot, Oroville, CA 95965 (1 property)

9. Vacant Lot*, Oroville, CA 95965 (1 property)

10. Desert Hot Springs, CA 92240 (1 property)

11. Vacant Lots, Sun City, CA 92102 | (Cathedral City, CA 92234) (18 properties)

12. Vacant Lots, Sun City, CA 92102 (15 properties)

800.784.5884 x6241 | braunworldbid.com

TABLE OF CONTENTS

CEDAR FUNDING REAL PROPERTY ASSETS THIS IS A LIST OF ENTITIES.

Des

crip

tion

ofRe

al E

stat

e


CEDAR FUNDING ASSETS LIST

1 4519 419-371-018 47208 Arroyo Seco Rd. Greenfield, CA 93925 Monterey $37,623.23 $37.623.23 First $182,000

2 4928 187-111-028 16 Vista Ladera Carmel Valley, CA Monterey $97,253.37 $97,253.37

3 5211 119-281-002119-251-013

Lot 55 Las Lomas RdLot 55 Las Lomas Rd Watsonville, CA 95076 Monterey $20,197.31

$17,354.13 $37,551.44 First $661,500

4 5033 032-460-005 Parcels 1 & 2 Sage Creek St Helena, CA Napa $95,992.04 $95,992.04 First $2,506,684

5 5112

273-100-024273-100-025273-100-026273-100-027273-100-031273-100-040273-100-041273-100-042273-100-043273-100-044273-100-045273-100-046

Hillcrest, Spring & Patricia RdHillcrest, Spring & Patricia RdHillcrest, Spring & Patricia RdHillcrest, Spring & Patricia RdHillcrest, Spring & Patricia RdHillcrest, Spring & Patricia RdHillcrest, Spring & Patricia RdHillcrest, Spring & Patricia RdHillcrest, Spring & Patricia RdHillcrest, Spring & Patricia RdHillcrest, Spring & Patricia RdHillcrest, Spring & Patricia Rd

Orlinda, CA 94563 Contra Costa

$17,324.87$16,369.92$27,979.22$18,691.80

$179,942.58$16,369.92$16,369.92$16,369.92$16,759.35$24,065.89$25,859.44$26,036.16

$402,138.99 First $2,174,251

6 5152422-085-03-00-4422-085-01-00-8422-085-02-00-1

20 Garces Highway10 Garces Highway16 Garces Highway

Delano, CA 93216 Kern$19,367.15$19,367.15$19,366.20

$58,100.50 First $198,750

7 5543 122-0770-019-000 8360 Kellwood Court Elk Grove, CA 95758 Sacramento $9,790.87 $11,351.63 First $675,000

8 5177 078-110-039-000 Vacant Lot Oroville, CA 95965 Butte $51,125.91 $51,125.91 First $351,000

9 5198 031-140-132

Vacant LotOriginal Parcel 031-140-074 was

divided into three parcels; the other two (ending 131, 133 were sold and no longer owned by Van

Zile) 15036.26

Oroville, CA 95965 Butte $9,350.67 $9,350.67 First $224,000

GROUPCEDAR

FUNDING LOAN NO.

APN NUMBERPROPERTY STREET

ADDRESSPROPERTY CITY COUNTY DELINQUENT

TAX NOTICE TOTAL TAX CFI MORTGAGE POSITION

CFI LOAN BALANCE

(ORIGINAL)

THERE ARE A TOTAL OF 57 PROPERTIES. THERE ARE 12 GROUPS. EACH GROUP WILL BE SOLD IN BULK.

Des

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10 5467 664140019-3 Desert Hot Springs, CA 92240 Riverside $55,210.22 $55,210.22 First $514,500

11 5216

333-121-012-8333-121-013-9333-121-014-0333-121-016-2333-121-017-3333-122-001-1333-122-012-1333-122-013-2333-122-015-4333-122-018-7333-122-017-6333-122-019-8333-122-020-8333-122-022-0333-122-023-1333-141-019-7333-141-023-0333-141-040-5

Vacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant Lots

Sun City, CA 92102(Cathedral City, CA 92234) Riverside

$6,116.75$6,116.72$6,116.72$6,115.60$6,116.72$5,508.62$6,116.72$6,116.72$6,115.60$6,115.60$6,116.72$6,115.60$6,116.72$6,115.60$6,116.72$6,115.60$6,115.60

$10,566.94

$113,935.27 First $2,500,000

12 5356

333-121-004-1333-121-018-4333-121-019-5333-121-020-5333-121-021-6333-121-022-7333-121-023-8333-122-002-2333-122-003-3333-122-004-4333-122-005-5333-141-012-0333-141-041-6333-141-042-7333-141-013-1

Vacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant LotsVacant Lots

Sun City, CA 92102 Riverside

$7,344.60$7,878.25$7,700.39$7,700.39$7,398.93$7,398.93$7,398.93$7,856.03$7,476.75$7,398.93$7,700.39$7,998.31

$15,354.87$15,354.87$7,998.31

$129,958.88 First $1,100.00

CEDAR FUNDING ASSETS LIST (CONTD.)

GROUPCEDAR

FUNDING LOAN NO.

APN NUMBERPROPERTY STREET

ADDRESSPROPERTY CITY COUNTY DELINQUENT

TAX NOTICE TOTAL TAX CFI MORTGAGE POSITION

CFI LOAN BALANCE

(ORIGINAL)


1) 47208 ARROYO SECO RD., GREENFIELD, CA 93925

ASSESSOR’S PARCEL NUMBER (APN): 419-371-018

■■ Owner: Cedar Funding, Inc.

■■ Original Loan Number: 4519

■■ Property County: Monterey

■■ APN: 419-371-018

■■ Property Street Address: 47208 Arroyo Seco Rd.

■■ Assessed Value: $209,024

■■ Lot Size: 40.02 AC

■■ Zoning:

■■ Use Code: Residential-Vacant Land

■■ CFI Loan Balance (Original): $182,000

* Loan balances do not represent the value of the price of the property, only an indication of original value. The property will be sold at any price

1) 4

7208

ARR

OYO

SEC

O D

R., G

REEN

FIEL

D, C

A 93

925


1) 47208 ARROYO SECO RD., GREENFIELD, CA 93925 (CONTD.)

PLAT MAPS: ASSESSOR’S PARCEL NUMBER (APN): 419-371-018

1) 4

7208

ARR

OYO

SEC

O D

R., G

REEN

FIEL

D, C

A 93

925


2) 1

6 VI

STA

LAD

ERA,

CAR

MEL

VAL

LEY,

CA

2) 16 VISTA LADERA, CARMEL VALLEY, CA





■■ APN: 187-111-028

■■ Property Street Address: 16 Vista Ladera


■■ Lot Size: N/A

■■ Zoning:


■■ CFI Loan Balance (Original):



2) 16 VISTA LADERA, CARMEL VALLEY, CA (CONTD.)

PLAT MAP: ASSESSOR’S PARCEL NUMBER (APN): 187-111-028

2) 1

6 VI

STA

LAD

ERA,

CAR

MEL

VAL

LEY,

CA


3) LO

T 55

LAS

LOM

AS R

D., W

ATSO

NVI

LLE,

CA

9507

6

3) LOT 55 LAS LOMAS RD., WATSONVILLE, CA 95076

ASSESSOR’S PARCEL NUMBER (APN): 119-281-002, 119-251-013




■■ APN: 119-281-002 | Assessed Value: $89,503 | Lot Size: 6.5 AC

■■ APN: 119-251-013 | Assessed Value: $42,119 | Lot Size: 1.08 AC

■■ Property Street Address: Lot 55 Las Lomas Rd

■■ Zoning:


■■ CFI Loan Balance (Original): $2,506,684



3) LOT 55 LAS LOMAS RD., WATSONVILLE, CA 95076 (CONTD.)

PLAT MAPS: ASSESSOR’S PARCEL NUMBER (APN): 119-281-002, 119-251-013

3) LO

T 55

LAS

LOM

AS R

D., W

ATSO

NVI

LLE,

CA

9507

6


4) P

ARCE

LS 1

& 2

SAG

E CR

EEK,

ST.

HEL

ENA,

CA

4) PARCELS 1 & 2 SAGE CREEK, ST. HELENA, CA




■■ Property County: Napa

■■ APN: 032-460-005

■■ Property Street Address: Parcels 1 & 2 Sage Creek



■■ Zoning:

■■ Use Code: Agricultural-Unimproved Vacant Land




4) PARCELS 1 & 2 SAGE CREEK, ST. HELENA, CA (CONTD.)


4) P

ARCE

LS 1

& 2

SAG

E CR

EEK,

ST.

HEL

ENA,

CA


5) H

ILLC

REST

, SPR

ING

& P

ATRI

CIA

ROAD

, ORI

ND

A, C

A 94

563

5) HILLCREST, SPRING & PATRICIA ROAD, ORINDA, CA 94563

ASSESSOR’S PARCEL NUMBER (APN): 032-460-005, 273-100-024, 273-100-025, 273-100-026, 273-100-027, 273-100-031, 273-100-040, 273-100-041, 273-100-042, 273-100-043, 273-100-044, 273-100-045, 273-100-046



■■ Property County: Contra Costa

■■ APN: 273-100-024 | Assessed Value: $67,449 | Lot Size: 9,100 SF












■■ Property Street Address: Hillcrest, Spring & Patricia Road

■■ Zoning:





5) HILLCREST, SPRING & PATRICIA ROAD, ORINDA, CA 94563 (CONTD.)

PLAT MAP: ASSESSOR’S PARCEL NUMBER (APN): 032-460-005, 273-100-024, 273-100-025, 273-100-026, 273-100-027, 273-100-031, 273-100-040, 273-100-041, 273-100-042, 273-100-043, 273-100-044, 273-100-045, 273-100-046

5) H

ILLC

REST

, SPR

ING

& P

ATRI

CIA

ROAD

, ORI

ND

A, C

A 94

563


6) G

ARCE

S H

IGH

WAY

, DEL

ANO

, CA

9321

6

6) GARCES HIGHWAY, DELANO, CA 93216

ASSESSOR’S PARCEL NUMBER (APN): 422-085-03-00-4, 422,085-01-00-8, 422-085-02-00-1



■■ Property County: Kern

■■ APN: 422-085-03-00-4 | Assessed Value: $92,860 | Lot Size: 6,098 SF



■■ Property Street Address: 20 Garces Way, HIGHWAY

■■ 10 Garces Way, HIGHWAY

■■ 16 Garces Way, HIGHWAY

■■ Zoning:

■■ Use Code: Commercial-Vacant Land




6) GARCES HIGHWAY, DELANO, CA 93216 (CONTD.)

PLAT MAP: ASSESSOR’S PARCEL NUMBER (APN): 422-085-03-00-4, 422,085-01-00-8, 422-085-02-00-1

6) G

ARCE

S H

IGH

WAY

, DEL

ANO

, CA

9321

6


7) 8

360

KELL

WO

OD

CO

URT

, ELK

GRO

VE, C

A 95

758

7) 8360 KELLWOOD COURT, ELK GROVE, CA 95758

ASSESSOR’S PARCEL NUMBER (APN): 122-0770-019-000



■■ Property County: Sacramento

■■ APN: 122-0770-019-000

■■ Property Street Address: 8360 Kellwood Court


■■ Lot Size: 10,524 SF

■■ Zoning:





7) 8360 KELLWOOD COURT, ELK GROVE, CA 95758 (CONTD.)

PLAT MAP: ASSESSOR’S PARCEL NUMBER (APN): 122-0770-019-000

7) 8

360

KELL

WO

OD

CO

URT

, ELK

GRO

VE, C

A 95

758


8) V

ACAN

T LO

T, O

ROVI

LLE,

CA

9596

5

8) VACANT LOT, OROVILLE, CA 95965




■■ Property County: Butte

■■ APN: 078-110-039-000

■■ Property Street Address: Vacant Lot



■■ Zoning: R3





8) VACANT LOT, OROVILLE, CA 95965 (CONTD.)


8) V

ACAN

T LO

T, O

ROVI

LLE,

CA

9596

5


9) V

ACAN

T LO

T, O

ROVI

LLE,

CA

9596

5

9) VACANT LOT, OROVILLE, CA 95965




■■ Property County: Butte

■■ APN: 031-140-132



■■ Lot Size: 18,730 SF

■■ Zoning:



■■ Note: Original Parcel 031-140-074 was divided into three parcels the other

two (ending 131, 133 were sold and no longer owned by Van Zile)15036.26



9) VACANT LOT, OROVILLE, CA 95965 (CONTD.)


9) V

ACAN

T LO

T, O

ROVI

LLE,

CA

9596

5


10) D

ESER

T H

OT

SPRI

NG

S, C

A 92

240

10) DESERT HOT SPRINGS, CA 92240




■■ Property County: Riverside

■■ APN: 664-140-019-3




■■ Zoning:





10) DESERT HOT SPRINGS, CA 92240 (CONTD.)


10) D

ESER

T H

OT

SPRI

NG

S, C

A 92

240


11) V

ACAN

T LO

TS, S

UN

CIT

Y, CA

921

02 |

CAT

HED

RAL C

ITY,

CA 9

2234

11) VACANT LOTS, SUN CITY, CA 92102 | CATHEDRAL CITY, CA 92234

ASSESSOR’S PARCEL NUMBER (APN): 333-121-012-8, 333-121-013-9, 333-121-014-0, 333-121-016-2, 333-121-017-3, 333-122-001-1, 333-122-012-1, 333-122-013-2, 333-122-015-4, 333-122-018-7, 333-122-017-6, 333-122-019-8, 333-122-020-8, 333-122-022-0, 333-122-023-1, 333-141-019-7, 333-141-023-0, 333-141-040-5



■■ Property County: Sun City, CA 92102, (Cathedral City, CA 92234)

■■ APN: 333-121-012-8 | Assessed Value: $35,111 | Lot Size: 8,276 SF









■■ APN: 333-122-018-7 | Assessed Value: $ 35,111 | Lot Size: 3,920 SF









■■ Property Street Address: Vacant Lots

■■ Zoning:





11) V

ACAN

T LO

TS, S

UN

CIT

Y, CA

921

02 |

CAT

HED

RAL C

ITY,

CA 9

2234

11) VACANT LOTS, SUN CITY, CA 92102 | CATHEDRAL CITY, CA 92234 (CONTD.)

PLAT MAP: ASSESSOR’S PARCEL NUMBER (APN): 333-121-012-8, 333-121-013-9, 333-121-014-0, 333-121-016-2, 333-121-017-3, 333-122-001-1, 333-122-012-1, 333-122-013-2, 333-122-015-4, 333-122-018-7, 333-122-017-6, 333-122-019-8, 333-122-020-8, 333-122-022-0, 333-122-023-1, 333-141-019-7, 333-141-023-0, 333-141-040-5


12) V

ACAN

T LO

TS, S

UN

CIT

Y, CA

921

02

12) VACANT LOTS, SUN CITY, CA 92102

ASSESSOR’S PARCEL NUMBER (APN): 333-121-004-1, 333-121-018-4, 333-121-019-5, 333-121-020-5, 333-121-021-6, 333-121-022-7, 333-121-023-8, 333-122-002-2, 333-122-003-3, 333-122-004-4, 333-122-005-5, 333-141-012-0, 333-141-041-6, 333-141-042-7, 333-141-013-1



■■ Property County: Sun City, CA 92102

■■ APN: 333-121-004-1| Assessed Value: $49,179 | Lot Size: 7,841 SF




■■ APN: 333-121-021-6 | Assessed Value: $49, 179 | Lot Size: 8,276 SF











■■ Property Street Address: Vacant Lots

■■ Zoning:

■■ Use Code: Vacant Land (General), Residential-Vacant Land




12) V

ACAN

T LO

TS, S

UN

CIT

Y, CA

921

02

12) VACANT LOTS, SUN CITY, CA 92102 (CONTD.)

PLAT MAP: ASSESSOR’S PARCEL NUMBER (APN): 333-121-004-1, 333-121-018-4, 333-121-019-5, 333-121-020-5, 333-121-021-6, 333-121-022-7, 333-121-023-8, 333-122-002-2, 333-122-003-3, 333-122-004-4, 333-122-005-5, 333-141-012-0, 333-141-041-6, 333-141-042-7, 333-141-013-1

Info

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ion


REGISTRATION INSTRUCTIONS FOR EACH PROPERTY

IN ORDER TO BID, YOU MUST SUBMIT YOUR SEALED BID AUCTION OFFER AND REGISTRATION DEPOSIT ON OR BEFORE BUT NO LATER THAN MAY 06, 2015 AT 12 PM PT. Please call us at 310.798.3123 to confirm that we’ve received your Registration Form and Deposit.

AUCTION INFORMATION

HOW TO BID

BRAUN WorldBid Auction Platform: This auction platform has a two-tiered bidding process. Tier One: Bidders must submit their qualified bid on or before May 06, 2015. Bidders who submit a bid within the top 33% of the bids received will be authorized to enter the second tier of bidding. BRAUN will notify the successful bidders who have qualified for the second tier-final round of bidding within 24 hours. Tier Two: The second tier bidders will have 24 hours to submit their “Highest and Best” Sealed Bid on the purchase contract.

This is an absolute auction. The real estate assets will be sold to the highest bidder. First round bids are due no later than May 06, 2015 at 12 PM PT.

■■ Email: [email protected]■■ Fax: 310.798.8883■■ Mail: BRAUN Inc., 1230 Rosecrans Ave., Suite 160, Manhattan Beach, CA

90266. Attention: Cedar Funding Assets Auction

REGISTRATION DEPOSIT

A $5,000 registration deposit for each property or partnership that you intend to bid on must be received by BRAUN no later than May 06, 2015 at noon PT. To submit your deposit via cashier’s check or wire transfer to BRAUN, see below.

CASHIER’S CHECKS

Mail your $5,000 cashier’s check, payable to Fidelity Title & Escrow, to BRAUN, 1230 Rosecrans Ave., Suite 160, Manhattan Beach, CA 90266. Attention: Cedar Funding Assets Auction OR WIRE TRANSFER: Wire your $5,000 deposit

to BRAUN Broker Trust Account. (Please contact us for any further wiring information) Reference: Cedar Funding Assets Auction

BUYERS PREMIUM

A 10% Buyers Premium will be added to your bid. Please see the purchase contract information.

BUYER BROKER PARTICIPATION

A two percent (2.0%) commission will be paid to any licensed agent who represents and registers a successful buyer. The Broker registration form must be received by May 05, 2015 at 12pm PT to receive the commission.

INFORMATION

The information is a complete compilation of documents, forms, reports, and title information related to property and partnership interests in our virtual data room. A confidential agreement must be executed prior to BRAUN providing access to the data room.

PROPERTY PREVIEW

You may view the property at any time.

BIDDING

Info

rmat

ion


TIMELINE

DUE DILIGENCE: March 01, 2015 to May 06, 2015You may view the real estate at any time. Assets information is available for review on our virtual database.

COMPLETE YOUR DUE DILIGENCE: By May 06, 2015

After visiting the real estate or reviewing the due diligence documents.

REAL ESTATE BROKER REGISTRATION: May 05, 2015Broker Registration forms can be found on www.braunworldbid.com, and must be submitted to us by

May 05, 2015 at 12 pm PT via mail or fax 310.798.8883.

SEALED BID FORM & DEPOSIT DUE: May 06, 2015 12 PM PTMail your sealed bid form registration deposit of $5,000 to arrive on or before May 06, 2015 at noon PT.

Fax forms to 310.798.8883

AUCTION DATE: Bids are due on or before May 06, 2015 at 12 PM PT. Court confirmation will occur thereafter.

CLOSING DATE: No later than 30 days after court confirmation.


DISCLAIMER: BRAUN is the auctioning agent on behalf of the U.S. bankruptcy Court Trustee. THE PROPERTY IS SOLD “AS-IS” – NO CONTINGENCIES OF ANY KIND, INCLUDING BUT NOT LIMITED TO INSPECTIONS OR FINANCING (THE PROPERTY WILL BE SOLD WITH CLEAR TITLE). THE PARTNERSHIP INTERESTS ARE BEING SOLD “AS-IS.” ALL BIDDERS DUE DILIGENCE MUST BE DONE PRIOR TO SUBMITTING A BID. BRAUN makes no representations or warranties on approved uses of the property. This offering memorandum is provided for the sole purpose of allowing a potential buyer to evaluate whether there is interest in considering a possible purchase of the real estate. The potential buyer is urged to perform its own examination and inspection of the property and information relating to same, and shall rely solely on such examination and investigation and not on this brochure or any materials, statements or information contained herein or otherwise provided. Neither BRAUN, its members, managers officers, employees or agents, nor any of its partners, directors, officers, employees and agents, nor Seller and Broker, make any representations or warranties, whether express or implied, by operation of law or otherwise, with respect to this brochure or the property or any materials, statements or information contained herein or relating thereto, or as to the accuracy or completeness of such materials, statements or information, or as to the condition, quality or fitness of the property, or assumes any responsibility with respect thereto. Such materials, statements and information have in many circumstances been obtained from outside sources and have not been tested or verified. Projections, in particular, are based on various assumptions and subjective determinations as to which no guaranty or assurance can be given. Without limiting the foregoing, in the event this brochure contains information relating to any “hazardous materials” in relation to the property, such information shall in no way be construed as creating any warranties or representations, expressed or implied, by operation of law or otherwise, by BRAUN, Broker, sales agents or Seller, as to the existence or non-existence or nature of hazardous materials in, under, on or around the property. This brochure is provided subject to errors, omissions, prior sale or lease, change of price or terms and other changes to the materials, statements and information contained herein or relating to the Property. BRAUN holds the right to deny the right to bid to any person. This auction is not available to residents of any state where the real estate may not be in compliance with the real estate laws of that state. In the unlikely event that the owner does not honor any bid or fails to close title in accordance with the winning bid or contract entered into with respect to these properties, BRAUN will not be held responsible or liable in any way. Likewise, BRAUN will not be responsible if the property is unsatisfactory to the bidder in any way. BRAUN reserves the right to postpone or cancel the auction, to withdraw the property from the auction and to change any terms of the auction or particular conditions of sale upon announcement prior to or during the course of the auction. Should there be any dispute among competitive bidders for the property, BRAUN may reopen bidding on the property at BRAUN’s sole discretion, designate one of the bidders as the successful bidder. All decisions by the Seller shall be final. The bidders are required to read and acknowledge the terms and conditions of the auction and the sale and purchase agreement prior to bidding. Bidders are not considered registered to bid until BRAUN receives the appropriate forms prior to the auction. PROPERTY VALUE Buyers are responsible for conducting their own due diligence. We suggest that all buyers do their own due diligence in regards to assessing value. The real estate will be sold at any price. Court confirmation of sale will occur thereafter.

DISCLAIMER

the cedar funding estate 57 real estate properties · 1 4519 419-371-018 47208 arroyo seco rd....

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