San Luis Area (costilla Co., Co) 18.9 Acres.

IMPORTANT - READ CAREFULLY BEFORE BIDDING. All sales will be considered sold and final. Buyers bidding online agree to be subject to these Terms and Conditions. For bids placed online, these Terms and Conditions shall govern and supersede all others. ALL BIDS ARE SUBJECT TO A 10% BUYER'S PREMIUM. THE BUYER'S PREMIUM IS ADDED TO THE WINNING BID AND IS PAYABLE AS PART OF THE PURCHASE PRICE. REGISTRATION There is no fee to register. In order to bid on the auction items, all Buyers must be registered users of LandAuctionBid.com. Registration will continue until the auction ends at the designated time as stated on LandAuctionBid.com. Bidders must complete the online registration prior to making any bid. A deposit is required to participate in both the Live Webcast Auctions and Online Only Auctions. In the event Bidder does not purchase an auction item, the deposit will be fully refunded. In the event Bidder is successful in purchasing an auction item, the deposit will be credited and applied to the purchase price. Please note: A $300 credit card deposit is needed for auction approval. Please call LandAuction.com at 888-855-5263 to leave a deposit and be approved to bid. Seller accepts international bidders. INTERNATIONAL BIDDERS MUST PAY IN FULL BY WAY OF US CASH FUNDS ONLY OR BY PAYPAL (with verified accounts). International bidders understand and agree that by bidding on land situated in the United States of America, they are not automatically entitled to US citizenship rights or status. International bidders agree to consult with their own legal counsel regarding all legal and tax consequences of purchasing land situated in the United States. Seller makes no representations or warranties on same. The auction consists of posting properties online for a certain period of time for registration and consumer research. Seller reserves the right to cancel, withdraw, and/or substitute any auction, any parcel, any property or thereof at any time, and change the terms and conditions of any auction at any time, with or without notice. At the end of the registration and consumer research period, a bidding period commences when bidders can place bids at any time and track multiple properties they are bidding on. For Online Only Auctions, the auction ends at a predetermined time with an Overtime Period, which is defined as follows: if a bid is placed within 5 minutes of the close of bidding, then another 5 minute period commences from the time of the last bid until no bids are placed within the next five minutes. The last bid shall be made final. TERMS OF SALE All sales are subject to credit approval. Winning Bidders consent to having a credit check performed by the Seller or its credit check agents. If approved for financing, loans will be repayable at the contracted amount per month, including interest, until paid in full. Minimum monthly payments shall not be less than $50.00US, unless the parcel has built-in financing. Loans can be paid off at any time without a prepayment penalty. The Buyer shall pay a late charge in the amount of $10US or 10% of the amount due whichever is greater, of any monthly payment which becomes more than ten days delinquent and/or a service fee of $15US for any payment which is returned by the Buyer's bank. CASH OR TERMS AUCTION Parcels which are listed in the CASH OR TERMS AUCTION may be purchased for all cash or with financing terms by making a down payment of 15% of the total purchase price. The remaining balance can be financed on a fully amortized loan at 13.9% interest. INTERNATIONAL BIDDERS MUST PAY IN FULL BY WAY OF US CASH FUNDS ONLY OR BY PAYPAL (with verified accounts). Up to $5000 may be financed up to 5 years $5001 to $15,000 may be financed up to 7 years $15,001 to $35,000 may be financed up to 9 years $35,001 to $50,000 may be financed up to 10 years $50,001 to $75,000 may be financed up to 12 years $75,001 and above may be financed up to 15 years DOCUMENT PREPARATION AND PROCESSING FEES Once payment is received by Seller, all purchase documents will be mailed to the Buyer via overnight carrier. Buyers will be required to sign and return all purchase documents to Seller. Buyer shall have Ten (10) days following the auction to return all completed documents to Seller or shall be subject to paying a liquidated damages amount in the terms stated below under "Non-Payment of Total Purchase Amount and Liquidated Damages"" if the documents are not received by Seller. The use of a mobile notary service may be required to complete certain documents. All buyers will be required to pay a document fee of $995.00US for the preparation of necessary purchase documentation, which covers document preparation, processing, and recording fees. Buyers may be required to pay property owner association transfer fees, where applicable. Buyers will be required to pay any fees required by state/local agencies, such as transfer/ excise tax based on the purchase price. REQUIRED DOWN PAYMENT AND METHOD OF PAYMENT BUYER IS RESPONSIBLE FOR MAKING A DOWN PAYMENT OF 15% OF THE TOTAL PURCHASE PRICE. THE 15% DOWN PAYMENT SHALL BE PAID AS FOLLOWS: If Buyer is the winning bidder on a particular auction item, Buyer understands and agrees that a Customer Service Agent will contact the Buyer by electronic mail or telephone within 24 hours after the close of the auction to provide instructions on document preparation, and to finalize the payment of the down payment that same day for each auction item purchased. To be clear, if Buyer purchases multiple auction items, Buyer understands that Buyer will be responsible for remitting the 15% down payment amount for EACH auction item purchased. Customer Service Agents will also discuss payment options for the remaining amount of the total purchase price. Buyer shall provide all remaining monies owed by credit card payment (MasterCard, Visa, American Express), or by using PayPal E-Cheques, Money Orders, Traveler's Checks, or Cashier's Checks. International Buyers must pay in full by PayPal or US cash funds. BID PLUS FINANCE AUCTION Parcels which are listed in the BID PLUS FINANCE AUCTION may be purchased for the Winning Bid plus the new financing terms as stated within the designated individual parcel descriptions, or for all cash as follows: Winning Bidder shall be responsible for BOTH the down payment (Winning Bid) PLUS the terms of the new financing. Winning Bidder shall pay the Winning Bid as the down payment amount IN FULL within 24 hours of the close of the auction upon being contacted by Seller’s Customer Service Agent. Winning Bidder shall ALSO make monthly payments based on the new financing, terms, interest rate, and fees described in these Terms and Conditions and/or within the designated individual parcel description. Winning Bidder has the option to pay off the new financing in full at the close of the auction without penalty. DOCUMENT PREPARATION AND PROCESSING FEES Once payment is received by Seller, all purchase documents will be mailed to the Buyer via overnight carrier. Buyers will be required to sign and return all purchase documents to Seller. Buyer shall have Ten (10) days following the auction to return all completed documents to Seller or shall be subject to paying a liquidated damages amount in the terms stated below under "Non-Payment of Total Purchase Amount and Liquidated Damages" if the documents are not received by Seller. The use of a mobile notary service may be required to complete certain documents. All buyers will be required to pay a document fee of $995.00US for the preparation of necessary purchase documentation, which covers document preparation, processing, and recording fees. Buyers may be required to pay property owner association transfer fees, where applicable. Buyers will be required to pay any fees required by state/local agencies, such as transfer/ excise tax based on the purchase price. REQUIRED DOWN PAYMENT AND METHOD OF PAYMENT If Buyer is the winning bidder on a particular auction item, Buyer understands and agrees that a Customer Service Agent will contact the Buyer by electronic mail or telephone within 24 hours after the close of the auction to provide instructions on document preparation, and to finalize the payment of the down payment that same day for each auction item purchased. To be clear, if Buyer purchases multiple auction items, Buyer understands that Buyer will be responsible for remitting the down payment amount for EACH auction item purchased. Customer Service Agents will also discuss payment options for the remaining amount of the total purchase price. Buyer shall provide all remaining monies owed by credit card payment (MasterCard, Visa, American Express), or by using PayPal E-Cheques, Money Orders, Traveler's Checks, or Cashier's Checks. International Buyers must pay in full by PayPal or US cash funds. BUYER MUST REMIT THE DOWN PAYMENT WITHIN 24 HOURS FOLLOWING THE CLOSE OF THE AUCTION. NON-PAYMENT OF TOTAL PURCHASE AMOUNT AND LIQUIDATED DAMAGES WARNING: If Buyer is a winning bidder and refuses or fails to complete the transaction for ANY reason (including, but not limited to, remitting the total purchase amount), Buyer shall relinquish ANY right to complete the transaction and shall have no further rights or interests in the auction item. Furthermore, any deposits and/or down payment monies received by Seller from Buyer at the time of purchase will be retained by Seller and deemed liquidated damages. All deposits paid will be considered liquidated damages by the Buyer and Seller if the Buyer fails to consummate any part of any purchase. Buyer and Seller understand and agree that the Buyers' down payment monies are deemed liquidated damages and shall not constitute a penalty or forfeiture. Buyer and Seller agree that this amount is a reasonable sum given that it is impractical or extremely difficult to establish Seller's actual damages suffered by Seller in the event of Buyer's default. All efforts made by Buyers at charge-backs to recover down payments could constitute fraud and Seller reserves all legal rights to pursue remedies available for such actions. Be aware that there are NO exceptions to this down payment rule. If you "bid on the wrong parcel" or change your mind, you still bought it. Be prepared to pay or do not bid! PLEASE BE ADVISED: Various state statutes give Seller the right to pursue legal action against bidders who refuse to complete transactions. This may include (but is not limited to) suit to compel completion of the sale, and/or criminal charges of fraud or other intentional act. PURCHASE CONTRACTS All parcels are sold on a Real Estate Purchase Contract. Parcels purchased with financing shall make use of a Promissory Note secured by a Mortgage or Deed of Trust. Buyers may NOT assign contracts to third parties. FIRST RIGHT TO PURCHASE Some auction items offered for sale include a First Right to Purchase an adjacent property and/or auction item at the same purchase price as the winning bid amount on the current item. For example, if a Bidder is deemed the winner of a particular auction item at $25,000.00 that includes a First Right to Purchase, then Bidder will have the First Right to Purchase the adjacent property and/or auction item for the same price as the original winning bid of $25,000. The purchase price for both auction items would equal $50,000 (or $25,000 x 2). The Bidder is under no obligation to exercise the First Right to Purchase. If a Bidder is interested in any First Right Properties, the Bidder must contact and notify the Seller PRIOR to the start of the auction. Seller, in its sole discretion, shall make all determinations with respect to accepting Bidders’ First Right to Purchase. MULTIPLE PURCHASES If a Buyer purchases more than 3 parcels, the 4th and subsequent parcels MUST be purchased with all CASH or CASH EQUIVALENT. Seller reserves the right to limit the number of purchases made by any bidder, including family members and relatives. CONDITIONS OF SALE The highest bid shall be considered an agreement to buy and is final. All parcels are being sold in "AS IS, WHERE IS AND WITH ALL FAULTS" condition as of the date of sale. Buyers acknowledge that all parcels are being sold in a public online auction forum, subject to all existing covenants, conditions, restrictions, reservations, exploration rights, easements, rights of way, assessments, zoning, and all other land use restrictions. Some parcels are being sold subject to Seller's ability to obtain title by means of an exclusive option agreement. Seller does WARRANT that: (A) Title to each parcel is marketable title, subject to and except for items 1 through 8 below (B) No monetary liens on property other than recurring assessments or bonds. (C) No Trust Deeds on property unless disclosed in this brochure. (D) Real property taxes due and payable before the sale will be paid by Seller. The Buyer will be responsible for all taxes which become payable on or after the sale. Seller DOES NOT WARRANT and assumes NO LIABILITY for any of the following: (1) Location and size of parcels is approximate. Exact parcel boundaries can only be ascertained by a survey. (2) Physical encumbrances discernible by physical inspection of the property. Some parcels may be "unbuildable". (3) Zoning, building codes and regulations, or other land use restrictions. Contact county and/or city agencies. (4) Physical and/or legal access or lack thereof. Some parcels may be "land-locked". The Seller makes no representations regarding streets that may appear on any maps. (5) Utilities or lack thereof. Contact appropriate local utility companies or agencies. (6) Bonds for water, utilities, sewer and street improvements, association fees and/or any city or county assessments which are to be assumed by the Buyer over and above the sales price. (7) Mineral Rights or the lack thereof. Seller may reserve mineral rights, if any, at Seller's sole discretion. (8) Any claims or actions resulting from the construction of any such improvements on any property. Buyer(s), at Buyer(s) sole cost and expense shall obtain title insurance before making any improvements on any property. Seller's warranties are limited to these expressed warranties. If at any time the Buyer discovers a breach of warranties A, B, C, D, or any other breach by Seller, the Seller's liability shall be limited to (1) Rescission and cancellation of the sale, and a refund of all moneys paid towards the purchase, including fees, paid by the Buyer at the time of purchase, or (2) Seller has the option to cure the defect at Seller's expense. However, if defect is covered by Title Insurance, the Buyer shall pursue the claim with title insurer instead of the Seller. If the sale is rescinded after conveyance of the property to the Buyer, the Buyer shall execute and deliver a valid deed conveying title back to the Seller in the same condition as when it was received. Seller shall not be responsible for Buyer's incidental or consequential expenses. No warranty shall extend to any third party. TITLE BY DEED Unless otherwise specified in buyer’s Real Estate Purchase Contract, deeds conveying title from Seller to Buyer shall be recorded in accordance with the contract terms and without the benefit of independent escrow or title insurance. The Seller warrants that title to each parcel is, on the date of sale, free of all recorded monetary liens unless disclosed in this brochure. Some properties being offered may have been previously acquired by tax deed and some title insurance companies will not insure tax deeded properties, so Buyers of tax deeded properties will be required to sign an acknowledgement form. The Seller has attempted to provide accurate information on all documents. In the event that a typographical error exists in the legal description, Assessor's Parcel Number, or parcel size, the Seller may correct the error and proceed with the recording or re-recording. Buyers interested in taking title in the name of an entity (corporation, partnership, trust, etc.) are required to provide Seller with all entity formation documentation. Corporations (Inc.): Articles of Incorporation, By-laws, and Resolution; LLC: Articles of Organization, Operating Agreement, and Resolution; Trust: Trust Agreement and/or Power of Attorney; Partnership: Partnership Agreement and/or Power of Attorney. Entity Buyers shall be required to execute a personal guarantee. PROPERTY INSPECTION Look before you buy! All properties will be posted on LandAuctionBid.com for 25 days prior to the beginning of the auction so that bidders can investigate the properties. Buyers must conduct a physical inspection of each property and must also investigate the suitability of each parcel prior to making a bid and purchase at the auction. Buyers must rely solely upon their own investigation and not any information provided by the Seller. A Buyer will be required to acknowledge, in writing, that Buyer has physically inspected and fully investigated the suitability of the parcel, including the availability of utilities and means of access or lack of same as a requirement to purchase. Failure of a Buyer to be fully informed on the condition of a property will not constitute grounds for any claim adjustment or right to cancel sale. Prior to bidding on items in this auction, you should select the parcels of your choice, call for copies of maps, and inspect the properties personally. All the information contained in this brochure was obtained from official county maps or other sources deemed reliable, but is not guaranteed and may be in error. Seller DOES NOT WARRANT the accuracy thereof. Seller has made no independent investigation of any information provided, and assumes no responsibility for the providing of or absence of any information, whatsoever, or for the accuracy thereof. Furthermore, Bidders understand and agree that any and all latitude/longitude data, GPS coordinates or any other geo-spatial data provided are for informational purposes only and should not be relied upon for determining the exact physical location of any property offered. Seller is also not responsible for typographical errors. The Seller reserves the right to deny any person admittance to or expel anyone from the online auction forum for interference, nuisance, canvassing, solicitation or any other reason. Seller has the sole and final discretion/authority to accept or deny any bid placed by any bidder at any time. Some properties listed in this brochure require potential buyers to read a Property Report prior to purchase. Obtain the property report or its equivalent, required by Federal and State law and read it before signing anything. No Federal or State agency has judged the merits or value, if any of this property. The property reports and other documents are attached to the relevant applicable property description on this website. RESERVE AUCTION All parcels have a reserve price, meaning the Seller has established an unpublished, minimum selling price. The starting bid is not the reserve price. In order to win the auction, a bidder must meet or exceed the reserve price and have the highest bid. If no bidders meet the reserve price, the Seller is under no obligation to sell the property. The Seller may withdraw any property listing or scheduled auction at any time without notice. HOW TO BE A SUCCESSFUL BIDDER Inspect, Investigate, and Succeed Real property is unique and therefore should be thoroughly investigated before you bid on the items offered in this online auction. The property we sell may be flat or steep, sandy or rocky, dry or wet, and with or without trees, views, roads, access ("Landlocked"), or utilities (electricity, water, gas, telephone, sewer, etc.). Property may be buildable or unbuildable, city lots to rural acreage and everything in between. Because we sell all types of property, to be successful you must inspect the property first-hand. Then if you like what you see, talk to the municipal planning department and any other agency involved with real property (Assessor, Tax-Collector, local utility companies, etc.). Then determine its value and set your own price. Each of these properties is unique in its own way and the only way to make sure your getting what you want is to thoroughly do your homework before you bid. Inspect, investigate and succeed. GOVERNING LAW AND JURISDICTION These Terms and Conditions, as well as Buyers' and Sellers' rights and obligations hereunder shall be governed by and construed and enforced in accordance with the laws of the State of California, United States of America. By registering and by bidding on the auction items included herein, whether present in person or by agent, telephone, online, or by any other means, the Buyer shall be deemed to have consented to the jurisdiction of the state and federal courts located in the State of California, County of Orange, U.S.A. WARNING: THE CALIFORNIA DEPARTMENT OF REAL ESTATE HAS NOT INSPECTED, EXAMINED OR QUALIFIED THIS OFFERING. BE CAREFUL ABOUT WHAT YOU BID ON. YOU ARE ENTERING INTO A BINDING CONTRACT. THERE ARE NO REFUNDS OR BID CANCELLATIONS. THE REGISTERED BIDDER IS PERSONALLY RESPONSIBLE, LEGALLY AND FINANCIALLY FOR ALL AUCTION ITEMS BID UPON WHETHER REPRESENTING ONE'S SELF OR ACTING AS AN AGENT. AN ONLINE BID ACCEPTED AT PUBLIC AUCTION IS A LEGAL AND BINDING CONTRACT TO PURCHASE. ANY BIDDER WHO FAILS TO CONSUMATE A PURCHASE WILL BE BANNED FROM BIDDING AT ALL FUTURE SELLER AUCTION EVENTS. BY PARTICIPATING IN THIS AUCTION AND/OR PLACING A BID(S), YOU HEREBY UNDERSTAND, AGREE TO AND SHALL BE BOUND BY ALL THE ABOVE TERMS AND CONDITIONS OF SALE.