US Bankruptcy Auction of 39 Oceanfront Condominiums in Myrtle Beach, SC
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US Bankruptcy Auction of 39 Oceanfront Condominiums in Myrtle Beach, SC

- Online Auction with an Opening Bid of $795,000 ($30,000.00 above the pending approval of Stalking Horse Bid) plus a Seven Percent (7%) Buyer’s Premium added to the Final Bid. - Broker Participation 2% of the final bid price. - ALL 39 CONDOMINIUMS SOLD AS A PACKAGE

UNDER CONTRACT!

OVERVIEW

 

Fisher Auction Company and Century 21-The Harrelson Group as exclusive marketing agents, are pleased to offer 39 Oceanfront Condominiums in a package purchase located in the Sand Castle South Resort in Myrtle Beach, South Carolina

 

PROPERTY HIGHLIGHTS

  • 39 Oceanfront Condominiums in Prime South Beach Location of Myrtle Beach, South Carolina
  • 16 One Bedroom, One Bathroom and 23 Efficiency Units
  • Amenities include Indoor Pool, Endless River, Oceanfront Lawn Area, Kiddie Pool, Whirlpool, Seasonal Oceanfront Café and Poolside Cabana Bar, and Oceans 22 Lounge
  • Beautifully Updated Lobby with Business Center
  • Pristine White Sand Beaches and Breathtaking Ocean Views
  • Walking Distance to Myrtle Beach Boardwalk and Promenade (1.6 Miles)
  • Within Minutes to US Highway 17 and Myrtle Beach International Airport

 

For More Information Please Email - info@fisherauction.com

This is a Contract entered into by and between the Bidder (“Bidder”) and Fisher Auction Company, Inc.

  1. All registration information the Bidder provides to Fisher Auction Company, Inc. shall be current, complete, and accurate. Bidder must be 21 years of age or older. Bidder agrees not to use any device, software or routine to interfere or attempt to interfere with the proper working of any transaction being conducted during this Online Auction.
  2. Bidder agrees not to retract its offer(s). The successful Bidder is legally bound to purchase the Property awarded in accordance with his / her bid, the Asset Purchase Agreement and all other Federal and State Regulations governing contracts for the purchase of real property, including but not limited to Federal Bankruptcy Court Order(s) and the Bid Procedures listed within such Order. Unilateral conditions asserted by any Bidder will not be accepted. There will be a 7% Buyer’s Premium added to the Final Bid Price and included in the Total Purchase Price.
  3. Fisher Auction Company, Inc., the Federal Bankruptcy Court and the Association reserve the right, for any reason, in their sole discretion, to terminate, change or suspend any aspect of this Online Auction.
  4. Disputes Between Bidders - If a dispute arises between two or more Bidders, Fisher Auction Company, Inc., the Federal Bankruptcy Court and the Association reserve the right to reopen the bidding. The Association, acting in consultation with the Auctioneer and the Broker, reserve the right to determine whether to accept the highest and best bid from the Auction. The Association’s designation of the successful Bidder shall be final with the sale subject to Federal Bankruptcy Court Approval.
  5. Termination: This Contract constitutes a binding agreement between Bidder and Fisher Auction Company, Inc. until terminated by Fisher Auction Company, Inc., which Fisher Auction Company, Inc. may do at any time, without notice, in Fisher Auction Company Inc.’s sole discretion. If Bidder dissatisfaction occurs with this Online Auction in any way, Bidder’s only recourse is to immediately discontinue use of this Online Auction. Fisher Auction Company, Inc. reserves the right to terminate Bidder registration and use of this Online Auction and impose limits on certain features of this Online Auction or restrict Bidder access to, or use of, part or the entire Online Auction without notice or penalty.
  6. Hold Harmless – Fisher Auction Company, Inc. cannot, and will not, be held responsible for any interruption in service, errors, and/or omissions, caused by any means, therefore they cannot guarantee continual, uninterrupted or error free service as the website could be interfered with by means out of Fisher Auction Company Inc.’s control. Bidder acknowledges that this Online Auction is conducted electronically and relies on hardware and software that may malfunction without warning. Fisher Auction Company, Inc. may void any sale, temporarily suspend bidding, extend bidding times and/or re-sell the Property that was affected by any malfunction. The decision of Fisher Auction Company Inc. is final.
  7. Required Escrow Deposit – In order to be fully and properly registered for this Online Auction, Bidder has wired into Nexsen Pruet LLC’s Trust Account  ( the “Escrow Agent”), a $75,000 initial escrow deposit no later than 5PM Eastern Time on Friday, September 11, 2020 as well as submitted the required forms referenced with the Instructions for Bidder Qualification Package. All wired deposits have been verified by Fisher Auction Company, Inc.
  8. Property Inspection: The Bidder is invited, urged and cautioned to inspect the Property prior to submitting any bid. Failure to inspect the Property shall not constitute cause for cancellation of sale.
  9. OFFICE OF FOREIGN ASSETS CONTROL (OFAC) COMPLIANCE: All bidders are subject to providing appropriate government identification that includes full legal name and date of birth. In addition, all bidders are subject to being required to disclose their place of birth. By providing this information bidders agree to allow Seller to perform a search of the Specially Designated Nationals List, Blocked Persons List and Sanctioned Country List provided by the United States Office of Foreign Assets Control. Seller reserves the right to reject any bidder from registration after this search has been completed. By registering all bidders agree to abide by all of the Terms of Sale.
  10. The Bidder agrees that, should they be the successful Bidder on the Property, all information regarding the transaction may be published on Fisher Auction Company, Inc.’s web site per the Electronic Freedom of Information Act Amendments of 1996 (5 U.S.C. 522(2000).


I hereby acknowledge and accept the above terms of this Online Bidding Contract and agree to comply with same.