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Commercial Real Estate Property Auction

Auction Status: As Scheduled

City
Fitchburg

 State
MA

 Zip Code

Auction Date
11/22/2024 at 10:00 AM

Postponed from 9/13/2024

Property Type
Commercial Property

Deposit Amount
$10,000 in bank, cashier's or certified check at the time and place of the sale.

Zillow Information
Bing Bird's Eye Map

TERMS OF SALE: The Mortgagee is auctioning the property located at 0 Main Street and 1022 Main Street, and the Mortgagee intends to solicit bids for the properties separately. Following that, the Mortgagee intends to solicit bids for the properties together and reserves the right to sell both parcels to the bidder who bits the most for the combined parcels. A deposit of TEN-THOUSAND ($10,00.00) DOLLARS will be required to be paid in cash, certified check or cashier's check of any bank or trust company doing business in the Commonwealth of Massachusetts, by the purchaser, at the time and place of sale as a deposit for 0 Main Street, and a deposit of TEN-THOUSAND ($10,00.00) DOLLARS will be required to be paid in cash, certified check or cashier's check of any bank or trust company doing business in the Commonwealth of Massachusetts, by the purchaser, at the time and place of sale as a deposit for 1022 Main Street. If the Mortgagee elects to sell both 0 Main Street and 1022 Main Street to the bidder who bids the most for the combined parcels, a deposit of FIFTEEN-THOUSAND ($15,000.00) DOLLARS will be required to be paid in cash, certified check or cashier's check of any bank or trust company doing business in the Commonwealth of Massachusetts, by the purchaser, at the time and place of sale as a deposit. A Memorandum of Sale (“Memorandum") shall be executed upon acceptance of the bid and all terms thereunder shall be binding upon the bidder, including the condition that should the high bidder for whatever reason fail to perform under the aforesaid Memorandum, in such event, the bidder shall forfeit the deposit in full which shall become the property of the Mortgagee. The Mortgagee reserves the right without further publication, advertisement or notification to offer the property to the second highest bidder (or other successive bidders, in order of their bid) under the same conditions set forth herein. The Mortgagee further reserves the right without further publication, advertisement or notification, to purchase the within described property at the amount bid by the second highest bidder. The terms of the Memorandum of Sale shall be announced prior to the bid. The balance of the bid price is to be paid in cash, certified check or cashier's check drawn upon any bank or trust company doing business in the Commonwealth of Massachusetts within thirty (30) days after the date of sale to be deposited in escrow by Road Glider Enterprises, LLC. Deed (which shall be in the form of the usual Mortgagee's Deed under the Statutory Power of Sale) to be delivered within three (3) days thereafter at which time it shall be the sole and exclusive responsibility of the successful bidder to cause the same to be recorded with the .Worcester County (Northern District) Registry of Deeds and Registered with Worcester County (Northern District) Registry of the Land Court in accordance with law.
Other terms, if any, to be announced at the sale.

AUCTION PRE-REGISTRATION


Auction Terms & Conditions
Subject Property:  0 Main Street and 1022 Main Street, Fitchburg, MA
Auction Date:  11/22/2024 at 10:00 AM

The following terms are believed to be standard in the auction industry. Terms of sale for each individual auction will vary and the documents signed by the successful bidder at any auction shall supercede and take precedence over all other information including, but not limited to, the terms stated below.

  1. All prospective Buyers are required to register in order to Bid and to obtain a Bid Number.
  2. The Property Auction sale is not contingent on the Buyer obtaining financing, nor conditional upon inspection, and will not be extended for any purposes whatsoever.
  3. If you are a successful bidder, a non-refundable deposit of $10,000 will be due and payable at the conclusion of the Auction in the form of certified check, money order, or bank draft. The money will be held in a non-interest bearing account. At the end of the Auction, the successful Bidder will immediately enter into a Real Estate Purchase Contract, and be bound to the Terms & Conditions as set forth in the Purchase Contract. Successful bidders who subsequently fail to close the sale for any and all reasons will be required to release their entire deposit to the Seller as liquidated damages.
  4. All Property(s) is being sold "AS IS" condition without any representations or warranties of any kind. Bidders are encouraged to review all Property details, zoning restrictions, compliance certificate, inspection reports, and any other information prior to attending the Auction.
  5. All sales are final.
  6. The Auction sale will begin promptly at the Property location at the appointed date and time, unless a condition prevents such a sale to take place, in which case the Auctioneer will make a decision on where and when.
  7. Descriptions made by the Auction Company are made as accurately as possible in its website and advertisements, and are provided for information purposes only and should be verified by the Bidder. The Auction Company, the Designated Brokers, Seller or their Agents cannot be held liable for any errors or omissions whatsoever.
  8. The Auction Company reserves the right to deny any person admittance to, or expel any person from the Auction premises, or to withdraw any or all Property(s), or to change the Terms & Conditions, or to reopen bidding on the Property, or may designate one of the Bidders as the successful Bidder, at any time prior to or during the course of the Auction, without just cause.
  9. Bidders acknowledge that they are on the Sale site at their own risk. No person shall have any claims against the Auction Company, its staff and representatives, including its Agents for any injuries sustained or for any damages to or loss of property which may occur.
  10. In the case of dispute, the Auctioneer's decision shall be final.

If you agree with the terms and conditions, complete the form and click "Pre-Register for Auction".

Note: Registered users can track their registrations on the My Registrations page.

PRE-REGISTER FOR AUCTION

By submitting this form, you as a successful Bidder agree to the Terms & Conditions as stated by the Auction Company. Any other Terms & Conditions announced on the Auction Day would take precedence over printed matter or statements made previously. I HAVE READ, APPROVED and RECEIVED A COPY OF THESE TERMS & CONDITIONS, and ACKNOWLEDGE THAT THE INFORMATION IN MY REGISTRATION PROFILE IS ACCURATE AND TRUE