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Invest Here: 40 Acres in Texas in Oil Country! BIDDING IS PER ACRE!
Lot Closed
Auction by Land of Land, Inc(7017)
This item is in , TX
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Item Details
Item Location - State/ProvinceTexas
AreaLand
Size40 Acres
ZoningVacant
APN/Parcel IDTract Number 4, Section 93, Block 2
CountyPresidio
TaxesUnder $40 per month
This property has been identified by Helios Energy as part of their "Area of Interest," and Helios has been issued drilling permits by Presidio County, Texas.
Please note that this property includes surface rights, not mineral rights. Surface activity may still generate easement revenue should the drilling activity disturb the surface. The mineral rights have already been leased to the oil company!
BIDDING IS PER ACRE! TOTAL BID PRICE = BID PER ACRE x NUMBER OF ACRES.
Legal Description: Tract Number 4, Section 93, Block 2, Texas-Mexico Railway Company, Abstract 5663
Approximate Coordinates: 30°22'25.9"N 104°45'05.1"W
Payment
Auction Terms & Conditions
Bidder agrees to comply with these Terms & Conditions as a prerequisite for the Land of Land (“Auctioneer”) to accept the Bidder's Registration and to issue a Bidder Number.
The Payment Due will the final 'hammer' price plus, per Auction Lot won, the auction premium (8.5%) and a $695 documentation/processing fee. Payment Due in full within 48 hours from the conclusion of the auction.
Wire transfer is the preferred method of payment. If Auctioneer agrees to accept a payment via credit card, a 3% credit card fee may be assessed.
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If the Payment Due is not received within 48 hours after the conclusion of the auction, the bidder unconditionally authorizes the Auctioneer to charge any credit card on file for the amount due.
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IF A WINNING BIDDER FAILS TO MAKE THE PAYMENT DUE IN THE STIPULATED TIMEFRAME, BIDDER CONSENTS TO GRANT TO AUCTIONEER ONE-THIRD OF THE PAYMENT DUE AS LIQUIDATED DAMAGES OR SPECIFIC ENFORCEMENT, PLUS 150% OF AUCTIONEER’S LEGAL AND COLLECTION COSTS.
UNLESS OTHERWISE SPECIFIED, TAXES OR FEES WHICH MAY BE OWED ON ANY PROPERTY IN THE AUCTION ARE THE RESPONSIBILITY OF THE BUYER.
ALL PROPERTIES ARE SOLD IN 'AS IS' CONDITION WITH ALL FAULTS AND DEFECTS WITHOUT WARRANTY OR GUARANTEE OF ANY KIND. AUCTIONEER MAKES NO REPRESENTATION AS TO THE FITNESS OF ANY PARCEL FOR A PARTICULAR USE.PRIOR TO BIDDING, EACH BIDDER IS RESPONSIBLE TO CONDUCT AN INDEPENDENT DUE DILIGENCE INVESTIGATION TO ASCERTAIN CHARACTERISTICS AND ATTRIBUTES OF THE PROPERTIES, INCLUDING BUT NOT LIMITED TO, SUITABILITY FOR ANY INTENDED USE, LOCATION, TAXES OR FEES OWED, ENCUMBRANCES, ACCESS, MINERAL RIGHTS AND WATER RIGHTS. FAILURE TO VISIT THE PROPERTIES SHALL CONSTITUTE A WAIVER.
ALL BUYERS ARE ENCOURAGED TO CONSULT AN ATTORNEY PRIOR TO BIDDING.
SOME PHOTOS MAY BE OF GENERAL AREA BUT NOT EXACT PROPERTY BEING SOLD.
TRANSFER OF OWNERSHIP. Conveyance of properties is not completed via title insured closing, unless requested in advance of the auction by Bidder and agreed to by Auctioneer, the cost of which is borne by Bidder. Bidder authorizes Auctioneer to act as Bidder’s agent to complete any closing documents, or any corrective documents thereafter.
For each Lot, Bidder must specify the Deed Information: the name of the grantee and the address for the grantee. If Bidder fails to specify Deed Information within two weeks after payment of the Payment Due, Bidder authorizes Auctioneer to convey each Lot via deed using the Bidder’s name and address as registered in the auction.
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Bidder further agrees that if Bidder initiates a credit card chargeback, upon Auctioneer’s demand (1) Bidder shall withdraw such credit card chargeback and request the credit card issuer to re-credit all amounts to the account of the Auctioneer; and (2) Bidder shall be responsible for all costs and expenses, including but not limited to any attorney fees incurred by or on behalf of the Auctioneer, in challenging the credit card chargeback.
BIDDER’S RESPONSIBILITY: Each bid is an irrevocable offer to purchase the assets included in the Auction Lot. Bidders are responsible for all bids made using the Bidder’s account and Bidder Number. If Bidder believes that an unauthorized person has placed a bid on the Bidder’s account, Bidder must notify the Auctioneer immediately by sending an e-mail to info@landofland.com. Bidders must also promptly report the incident to the relevant law enforcement authorities and send the Auctioneer a copy of any resulting police report; otherwise, Bidder will be held personally responsible for all purchases.
BIDDER CONSENTS TO EXCLUSIVE JURISDICTION IN THE STATE COURTS OF NEW JERSEY OR BINDING ARBITRATION AT AUCTIONEER’S OPTION AND AT BIDDER'S EXPENSE. BIDDER WAIVES ANY JURISDICTIONAL DEFENSES TO ANY SUIT FILED IN THE STATE OF NEW JERSEY.
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Auction Details
Inflation Hedge Land LiquidationPO Box 66, Swedesboro, NJ, 08085Wednesday, Apr 13, 2022 | 11:00 AM CDT
At the request of the auction company, this auction permits bids to be placed by the auctioneer,
and employee of the auctioneer, or the seller or an agent on the seller’s behalf.
While Proxibid’s Unified User Agreement prohibits this behavior, in accordance with UCC 2-328,
this auction is permitted to engage in this activity by providing this clear disclosure to you, the bidder.
This auction company has requested and been granted access to see all bids placed including any maximum pre-bids.
This auction is permitted to engage in this activity by providing this clear disclosure to you, the bidder.