***TERMS*** AUCTION STATEMENT OF ONLINE TERMS 10% Buyers Premium will be added to each successful bid. This sale of home at 204 E Quincy Ave, Knoxville, TN 37917 will be sold as follows. All newspaper or other publications and all oral and verbal statements as to advertising made by owners of said property and by DeLozier Realty & Auction, or any agent of said company, are hereby revoked. This is a COURT ORDERED AUCTION. The highest bid plus a 10% Buyers Premium will be the total sales price. All successful bidders will be required to sign a note for the deposit amount in addition to the deposit made day of sale VIA CASH, GOOD CHECK, OR WIRE TRANSFER. Note shall become null and void when buyer shall complete all requirements for closing as set out in their contract. ALL ONLINE BIDS ON THIS AUCTION START TUESDAY AUGUST 23RD AT 10:00AM EASTERN TIME AND WILL BEGIN ENDING TUESDAY AUGUST 30TH AT 2:00PM EASTERN TIME AUCTION END TIMES: DeLozier Realty & Auction Online Auctions are hosted by Proxibid and are timed events and all bidding will close at specified time. DeLozier Auction & Realty Online Auction also has an auto extend feature, any bid placed near the end of the auction, the auction ending will automatically extend for 2 minutes from the time the bid was placed. If the Auction is scheduled to close at 2:00 and receives a bid at 1:59, the close time will automatically extend to 2:02. The auto extend feature remains active until no further bids are received within a 2 minute time frame. THE FINAL SALE OF PROPERTIES USING INTERNET BIDS/MAX BIDS WILL DETERMINE THE WINNING BIDDERS OF PROPERTIES AS ADVERTISED. This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Auction Sales Contract. BID PACKAGE: Auction Sales Contract & Promissory Note Package, along with any other paperwork pertaining to each sale #, will be sent by e-mail from DeLozier Realty & Auction to the successful bidder, who must execute and fax or email back to DeLozier Realty & Auction within 24 hours of receipt. Successful bidders not executing and returning their contract & promissory note with earnest money deposit (10% non refundable deposit of total purchase price (certified funds or wire) made payable to DeLozier Realty & Auction) within 24 hours of receipt will be considered in default and subject to an Administrative Fee (as defined below). All Administrative Fees are non-refundable. The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees and closing fees as set out in Auction Sales Contract and Auction Statement of Sale. Auction Administrative Fee: In the event a winning bidder fails to submit the signed “Auction Sales Contract,” signed “Promissory Note,” and deposit earnest money as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee of $2,500.00 on the credit card provided at auction registration. Additional default remedies are reserved by DeLozier Realty & Auction and the Seller as provided in the Auction Statement of Sale, the Auction Sales Contract and the Promissory Note. All Administrative Fees are non-refundable. AUCTION SALES CONTRACT, PROMISSORY NOTE, and STATEMENT OF SALE: Each property is offered under specific terms provided in the auction sales contract, promissory note, and statement of sale. The Auction Sales Contract, Promissory Note, Statement of Sale are available at www.delozierauctions.com. Please read and review the contract, promissory note, and statement of sale thoroughly prior to bidding on any property. If you have not read and reviewed the Auction Sales Contract, Promissory Note, Statement of Sale and all other materials available plus completed your own “due diligence” to satisfy all questions, please Do Not Bid! Buyer’s Premium: A 10% buyer’s premium will be added to the bid price on all properties to determine the final contract price. DeLozier Realty & Auction has the sole authority to resolve any bidding disputes as they may arise. DeLozier Realty & Auction is providing internet/online bidding hosted exclusively by Proxibid as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the ending day of the auction. Under no circumstances shall Bidder have any kind of claim against DeLozier Realty & Auction or anyone else if the internet service fails to work correctly before or during the ending of the auction. DeLozier Realty & Auction will not be responsible for any missed bids from any source. Taxes for the 2016 year to be prorated at closing and any back taxes to be paid by seller at closing. Closing on all Real Estate will be on or before 30 days from August 30th, 2016. All properties to be sold in “as is” condition with no guarantees or warranties expressed or implied. Please rely on your previous inspections of all properties. Copies of surveys and any other paperwork pertaining to the properties are available online. Please Note: This is a COURT ORDERED AUCTION, winning bidder's contract price must be accepted by the court in order to purchase/close the sales contract.