OR

OWN THIS HOME WITHOUT BANK FINANCING TODAY!

Check out this Raleigh beauty. Located in the Unincorporated part of Shelby County, there are no city taxes!  This is a great house in a very nice location, with Bartlett schools nearby. Do not let the size of this house fool you! This rare 1 story has 3 bedrooms and 2 full baths.  Fenced backyard with a large shed to store tools or toys.  A great home for a family near wonderful good schools & low taxes for the area.

School’s nearby: Scenic Hills Elementary.

summit-riddge

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Want to View This Home???
CLICK HERE to Schedule a Showing!

CALL MIKE TODAY at (901) 209-9180

Data provided by
See more information on Memphis schools from Education.com

• Elementary {5}
• Middle {2}
• High {2}

Elementary Schools in TN, 38128, 3

5 Elementary Schools found in the area.

School	Type	Grade Level	Enrollment	Students per Teacher
Coleman Elementary School Phone: (901) 416-4306 3210 Raleigh Millington, Memphis, TN 38128	Public	PK, K-6	506	16
Egypt Elementary School Phone: (901) 416-4150 4160 Karen Cove, Memphis, TN 38128	Public	PK, K-5	727	15
Scenic Hills Elementary School Phone: (901) 416-4342 3450 Scenic Hwy, Memphis, TN 38128	Public	PK, K-6	341	13
Spring Hill Elementary School Phone: (901) 416-4346 3796 Raleigh Frayser Rd, Memphis, TN 38128	Public	PK, K-6	417	15
Keystone Elementary School Phone: (901) 416-3924 4301 Old Allen Rd, Memphis, TN 38128	Public	PK, K-6	509	13

High Schools in TN, 38128, 3

2 High Schools found in the area.

School	Type	Grade Level	Enrollment	Students per Teacher
Craigmont High School Phone: (901) 416-4312 3333 Covington PK, Memphis, TN 38128	Public	7-12	1117	18
Raleigh Egypt High School Phone: (901) 416-4108 3970 Voltaire, Memphis, TN 38128	Public	9-12	1285	20

Middle Schools in TN, 38128, 3

2 Middle Schools found in the area.

School	Type	Grade Level	Enrollment	Students per Teacher
Raleigh Egypt Middle School Phone: (901) 416-4141 4215 Alice Ann Dr, Memphis, TN 38128	Public	6-8	842	19
Craigmont Middle School Phone: (901) 416-7780 3455 Covington PK, Memphis, TN 38128	Public	6-8	852	17

RENT TO OWN AVAILABLE WITH LESS THAN 5% DOWN WOW!

Check out this Arlington Trace beauty. Located in one of the most popular subdivisions, this is a great house in a very nice location, & the home is barely lived in. Do not let the size of this house fool you! This rare 1 story has 4 good size bedrooms and 2 full baths. High ceilings throughout, formal dining, 20 ft great room with a large kitchen. Fenced backyard, covered patio & the lot backs up to woods. You owe it to yourself to see this house!! A great family near wonderful Arlington schools & low taxes for the area.

School’s nearby: Donelson Elementary, Arlington Middle, Arlington High.

There are two options for the property.  Click the option of your choice below for more information.

OR

Want to View This Home???
CLICK HERE to Schedule a Showing!

CALL MIKE TODAY at (901) 209-9180

Data provided by
See more information on Arlington schools from Education.com

• Elementary {4}
• Middle {3}
• High {2}

Middle Schools in Arlington, TN, 3

3 Middle Schools found in the area.

School	Type	Grade Level	Enrollment	Students per Teacher
Arlington Middle School Phone: (901) 867-1541 5470 Lamb Rd, Arlington, TN 38002	Public	5-8	1097	18
Shadowlawn Middle School Phone: (901) 373-2654 4734 Shadowlawn Rd, Arlington, TN 38002	Public	6-8	876	18
Macon Road Baptist School-East Campus Phone: (901) 867-8161 11017 Hwy 64, Arlington, TN 38002	Private	PK, K-8	223	16

Elementary Schools in Arlington, TN, 3

4 Elementary Schools found in the area.

School	Type	Grade Level	Enrollment	Students per Teacher
Arlington Elementary School Phone: (901) 867-6000 11825 Douglass St, Arlington, TN 38002	Public	K-8	890	15
Barrets Elementary School Phone: (901) 873-8160 10280 Godwin Rd, Arlington, TN 38002	Public	K-8	266	12
Macon Road Baptist School-East Campus Phone: (901) 867-8161 11017 Hwy 64, Arlington, TN 38002	Private	PK, K-8	223	16
Donelson Elementary School Phone: (901) 389-6973 12140 DONELSON FARMS PARKWAY, Arlington, TN 38002	Public	K-5	525	17

High Schools in Arlington, TN, 3

2 High Schools found in the area.

School	Type	Grade Level	Enrollment	Students per Teacher
Bolton High School Phone: (901) 873-8150 7323 Brunswick Rd, Arlington, TN 38002	Public	9-12	1842	17
Arlington High School Phone: (901) 867-1541 5475 Airline Rd, Arlington, TN 38002	Public	9-12	2204	20

http://memphishousesonline.com/2011/?p=10

Starting Bid: $30,000. Great investment property. Seeking quick sale. The perfect home for a family or investor looking for a deal.  Ignore our price and make an offer.  All offers will be considered.

Inspection Date: fill out the form to the right to schedule appointment.

Home will be sold  to the highest bidder.

CALL MIKE TODAY at (901) 209-9180

Bid Deposit: 10% of Winning Bid

Bid Deposits will be accepted in the form of cash, cashiers checks or personal check with a bank letter guaranteeing the amount or a combination of these payment types.  Please make the cashier’s check(s) payable to yourself. In the event that you are the high bidder, you will simply endorse the check to Memphis Houses Online as a non-refundable bid deposit. In the event you are not the high bidder, your cashier’s check will be returned to you, and you may simply deposit it into your account. The high bidder will pay the Bid Deposit upon signing the sales contract at the auction.

Inspection

All inspections must be done prior to the auction date.  Inspection Dates are published on our website.  You may hire your own inspector at your expense to inspect the property.  Call our office to make an appointment for the inspector to visit the property at least twenty-four (24) hours in advance. Please do not bid on any property until you have thoroughly inspected the property.

No Contingencies

All auction properties are sold in “as is” condition.  No purchase shall be contingent on financing or any other contingencies.  Potential buyers are given ample time to inspect properties prior to auction. Terms and conditions are preset and non-negotiable.

Buyer’s Premium

A buyer’s premium of ten percent (10%) will be added to the high bid to determine the total price to be paid.

Broker Participation

All licensed real estate brokers are encouraged to participate by bringing your buyers to the auction. A commission will be paid to the licensed and qualified broker whose properly registered buyer is the successful bidder at the auction, and whose buyer purchases the property. Brokers must register their prospective buyer on the required Broker Participation Form (completely filled out and signed). The form may be obtained by calling 901-209-9180. This form must be submitted to Memphis Houses Online no later than 24 hours prior to the Auction.

Closing

The successful bidder will sign a real estate sales contract after the auction.  The entire purchase price must be paid by Cashier’s or Certified Check, or wired funds at closing. The closing shall take place not later than thirty (30) days after the auction.  Closing attorney for both parties will be:

Sharon Anderson

46 Timber Creek Dr.

cordova TN 38018

901-757-1600

Starting Bid: $40,000. GREAT INVESTMENT PROPERTY OR STARTER HOME THAT JUST NEEDS COSMETIC UPDATES [FLOORS REFINISHED, PAINT, KITCHEN/BATH/CLOSETS & CEILING UPDATING] TO MAKE IT PERFECT.

BEAUTIFUL HOME IN HISTORIC DISTRICT OF MIDTOWN. LOVELY HARDWOOD FLOOR. CLOSE TO MCLEAN NEAR RHODES COLLEGE.  GREAT BUY FOR THE PRICE. GREAT MIDTOWN HOME.  THE PERFECT INVESTMENT PROPERTY.

Zillow Price [Zestimate] $108,300

Tax Assessed Value          $128,900

Rent Range                           $850-$950

Comps                                    $105,605

Renovations                         $5,000

Monthly Taxes                    $ 194

Inspection Date: [complete form to the right to schedule your inspection time]

Home will be sold Sunday night to the highest bidder.

How to Buy

These properties sell very fast and are on sold on a first come first serve basis, so if your interested and would like to put this property under contract please fill out the form to the right and we will get you a contract and schedule an inspection.  Or you can[password-protect]

CALL MIKE TODAY at (901) 209-9180

789 N Belvedere St Memphis, TN 38107
Click Here for Appraisal

806 Belvedere across the street is currently listed for $108,000. Click here to view listing.

Bid Deposit: $2,500

Bid Deposits will be accepted in the form of cash, cashiers checks or personal check with a bank letter guaranteeing the amount or a combination of these payment types.  The high bidder will pay the Bid Deposit upon signing the sales contract.

Inspection

All inspections must be done prior to the auction date.  You may hire your own inspector at your expense to inspect the property.  Call our office to make an appointment for the inspector to visit the property at least twenty-four (24) hours in advance.

No Contingencies

All auction properties are sold in “as is” condition.  No purchase shall be contingent on financing or any other contingencies.  Potential buyers are given ample time to inspect properties prior to auction. Terms and conditions are preset and non-negotiable.

Broker Participation

All licensed real estate brokers are encouraged to participate by informing your buyers of this auction. Buyer will pay a commission to the licensed and qualified broker whose buyer is the successful bidder at the auction, and whose buyer purchases the property.

Closing

The successful bidder will sign a real estate sales contract after the auction.  The entire purchase price must be paid by Cashier’s or Certified Check, or wired funds at closing. The closing shall take place not later than thirty (30) days after the auction.  Closing attorney for both parties will be:

Sharon Anderson

46 Timber Creek Dr.

Cordova TN 38018

901-757-1600[/password-protect]

To view the property fill out the form to the right or call the number above.

REALITY:  We have incredible deals available and our current Buyers snatch them up before we can get the details posted on our website to blast to you.

Knowing what areas you are looking for, the desired price range, etc. enables us to help you GET IN ON THE ACTION!

Wholesale Buyers

* First Name

* Last Name

* Daytime Phone

* Your Email

Current Address

* Buyer Type Rehabber & Flip Investor Fix & Hold Investor Buy & Hold Investor Personal Residence Other

What Area(s) Are You Interested In?:

Preferred Zip Codes

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Type of Funds -Select- Personal Cash Hard Money Private Money Traditional Financing Other

Can Close In -Select- Less Than 2 Weeks 2-3 weeks 4 Weeks 30-60 Days

Your questions or comments:

* How Did You Hear About Us?:

* Type the numbers.

How to Sell Your House ‘As Is’ at a Fair Price on the Date of Your Choice

If you want to sell your house in the fastest, easiest, and most convenient manner, read this important message. You may discover the perfect solution… because we buy many houses throughout the Memphis Region.

Selling a house is usually an expensive and complicated process. That’s why real estate agents make thousands (sometimes tens of thousands) of dollars on a single sale. But, when we buy your house, there are no commissions to pay. And you certainly won’t have to tolerate dozens of total and sometimes frightening strangers tramping through your home and poking through your drawers and closets.

We are associated with a group of private investors and we buy a number of houses each month throughout the Memphis region… and in every price range. But the best part is… we use private funds that require no long, drawn out bank approvals. So we can act fast! We can usually close within 9 days… or as little as 72 hours. We’re as serious about buying your house as you are about selling it.

That’s the biggest difference between me and listing with a real estate agent. An agent will list your house… hoping it sells within 3 to 6 months. I want to buy your house…. now! That’s a huge difference when you’re the one with the house for sale. An agent lists five, ten, even dozens of houses at a time, and it’s rare if an agent can give all of those properties his or her close personal attention. It’s no wonder that a listed home can sometimes take a long time to sell while you, the owner, are stuck maintaining the property and making house payments month after month.

What’s your alternative? Of course you could just sell it yourself — without an agent. After all, who knows more about the house than you do? But consider this. How many houses have you bought and sold in your lifetime? Two, maybe three? If so, you haven’t had to solve even a fraction of the problems that usually pop up — right before closing.

Remember, buying a house is a big decision for most people and it’s easy for them to get “spooked.” At the first sign of a complication or small problem (like a lien, necessary repair, or one of the other typical closing glitches), they can run like a scared jackrabbit.

Then you have to start all over at square one — it’s a frustrating experience. Plus, when you try to sell it yourself, you still have to put up with dozens of strangers tramping through your home — only now you’ll have to be there yourself. For some owners, that’s a scary thought. And what if you need to move fast? You could dump the price and hope someone will steal your house, but can you afford to do that? Or, you could go ahead, move out, and leave it with the agent. And every month, while making two huge mortgage payments (most people find that tough to swallow), you hope and pray that someone will buy your old house next month — and the next — and the next. Of course, that’s assuming you can even qualify for a new mortgage with the old one still on your back.

And when it’s sitting vacant, what’s going to stop someone from climbing through the kitchen window and tearing up your property? Frankly, that’s more worry and aggravation than most people need in a lifetime. Pretty grim, huh?

Which way do you turn? To an agent with dozens of other listings to handle? Selling on your own and sweating out financing details, lost deals, last minute closing “surprises”? Moving out and hoping you don’t get some midnight call with “bad news” about your house?

Here’s a better solution — a way out…

When we buy your house “as is” for a fair price on your date of choice, we might help you AVOID…

• Putting your house on the market entirely.
• Coming out of pocket if you have little or no equity..Relying on an agent to perform or keep their promises.
• Doing fix—up work to please a picky buyer…
• Becoming an unwanted landlord.
• Counting on a bank to approve your buyer’s loan.
• Having your buyer back out at the last minute.
• Paying prepayment penalties…
• Having the cash you need NOW tied up in your house…
• Struggling with the uncertainty of when it will sell
• Making house payments you can no longer afford
• Making payments on a vacant house.
• Foreclosure or bankruptcy.

If your property qualifies and we come out to see it, we will provide you with a firm written offer. We’ll explain everything to you in plain, everyday English. We’ll be 100% direct, clear and honest with you… from start to finish.

In fact, we can usually “pre-qualify” your home right over the phone, in just a few minutes. That can save both of us time. If we come to an agreement, we can pay all cash with no contingencies. That’s because (unlike most potential buyers) we don’t have to sell another house first.

And if you want, we can close in just a few days. We’ll handle all of the paperwork and make all the arrangements and you can get on with your life! We don’t yet know your particular reasons for selling, but we do know how to get your house closed as quickly and professionally as possible.

Imagine, by this time next week your house could be sold!

Can we really buy your house this quickly and easily? Maybe, or maybe not. A lot of it depends on you. If you want to get above market price for your house, don’t bother calling us. We are professionals and we do expect to make a profit. But we’re not out to steal your house either. Our profit will come from our future buyer or tenant.

Does your property meet our requirements? Call our office and let’s find out. We buy all types of real estate and we can quickly determine if your house fits our investment needs. If we don’t end up buying your house, we’ll be happy to share ideas or advice on what you might try next. You will still have all your other options available. You have nothing to lose by calling us first.

By Thomas F. Cooley and Peter Rupert

(Read Article HERE)

A kind of silly debate has broken out among economists over whether our recent downturn deserves the label “The Great Recession.” We’ll leave it to others to sort this out. But we would argue that the downturn in the housing sector is pretty “great”–far worse than in past recessions. Periodically in this column we have presented a visual assessment of where we stand in the current recession, with a focus on consumption, investment and employment. This week we look at housing.

There were suggestions in the media this week that there might be a turnaround in housing because there was a slight drop in delinquencies and total foreclosures–but you really have to be an unconstrained optimist to see the housing market as anything but dire.

The behavior of the housing sector over this recession is unlike anything in recent history. This can easily be seen in the first figure below, which shows the percentage increase in foreclosures over the past several recessions. The housing meltdown started with a vengeance; in less than a year the percentage increase in foreclosures since the previous peak was already twice as high as during any other recession in recent history.

The current housing downturn has been particularly acute in several states–California, Nevada, Arizona and Florida–but it isn’t confined to them. Ohio, Michigan and many states that did not have huge housing price increases have also been hit hard. What is different about this cycle isn’t that housing prices declined. And it isn’t that foreclosures increased considerably. It is that while previous housing cycles were, more or less, regional phenomena, this one is far more universal.

In the 1980s there was downturn in the housing market in Texas, associated with falling oil process and a sharp decline in the energy industry. In the late 1980s and early 1990s there was a sharp decline in housing in Massachusetts associated with a decline in much of the technology sector. In the early 1990s there was a sharp decline in the housing sector in California, associated with the recession but also compounded by the cutbacks in the aerospace industry. Those cycles were more localized and associated with specific shocks to specific regions.

These regional cycles show up in the second figure below that plots foreclosures started for several states as well as for the U.S. as a whole. What is striking is that these regional cycles do not show up very much in the aggregate data. But when we get to 2008 the story changes. This cycle shows up in all of these states and the national data.

The Perfect Foreclosure Storm

In the current recession several factors have aligned to drive the large and rapid increase in foreclosures, and it appears likely that foreclosure rates might stay high for some time. What leads to increasing foreclosure rates during some recessions and not others? In the perfect storm scenario what happens is that falling house prices (leading to a negative equity position in a house) combined with a job loss can lead to default and a foreclosure. So here it is because of both negative equity and unemployment that foreclosures rise.

The third figure, below, shows the dramatic fall in housing prices associated with this business cycle. In previous business cycles the downturn in prices was barely noticeable or non-existent. The decline in the employment population ratio in this recession has been equally dramatic.

Some observers have pointed to the fact that foreclosures began to increase in mid-2006 while unemployment rates were still falling (these did not start to rise until mid-2007), and conclude that unemployment could not be a cause of the rise in foreclosures. What is often overlooked, though, is that there are large flows into unemployment each week. Indeed, in a typical week roughly 350,000 individuals file initial claims for unemployment. During the depth of this recession, about 600,000 per week were entering the unemployment rolls. It is important to realize that total employment can stay constant even with 350,000 people per week entering unemployment.

What is more likely to cause the delinquency in house payments and foreclosure is the loss of jobs, not the number of people without jobs–an important distinction. In addition, the length of unemployment spells (the duration of unemployment) is also an issue. Unemployment duration always rises in recessions. Job-losers flood the unemployment pool at the same time that employers demand for labor falls. The increase in the number of job-seekers relative to vacancies means the job-losers will spend a longer time unemployed.

But the increase in the duration of unemployment in this recession is dramatic–unprecedented in any postwar business cycle. The percentage of the labor force unemployed for at least six months increased to 4.3% of the labor force. The previous high, reached in 1983, was 2.6% of the labor force.

On the other side of this story is the fact that if housing prices are rising during a recession then foreclosures may not increase, even with increases in unemployment rates. For example, during the 2001 recession unemployment in California increased from about 4.7% in January 2001 to about 6.5% one year later. Housing prices were rising during this time period in California and foreclosures were actually declining.

Where are we now?

In early 2009 the Obama administration introduced a $75 billion homeowner assistance program that was to help those homeowners with underwater mortgages and at risk of default and foreclosure. Some $50 billion of this was allocated from the TARP bailout funds. It had very little noticeable impact in part because it was poorly designed. Nearly 2.8 million foreclosures were initiated in 2009. So far in 2010 there have been more than 932,000 foreclosure filings in the first quarter, on pace to exceed 3.7 million foreclosures for the year.

The rate of secondary default–default by those who had their mortgages modified–has been extremely high. And all this because the unemployment problem remains. The policies are obviously not having the desired impact, and only a fraction of the money has been used. The administration announced in March a revision of the program that includes further incentives to write down the principal amount of the loans and subsidizes lenders who offer forbearance for up to six months for unemployed borrowers.

We are not near the end of this housing cycle, and there is more pain yet to be borne. There is evidence that official listing data understate the inventory of unsold housing, and this will continue to put downward pressure on housing prices. When we compare this housing cycle to other housing cycles (as opposed to business cycles), like those in Massachusetts, Texas and California, we still have a lot of adjustment to take place. Whether or not this economic downturn merits being called the Great Recession, it sure is a Great Housing Bust.

Thomas F. Cooley, the Paganelli-Bull professor of economics and former dean of the NYU Stern School of Business, writes a weekly column for Forbes. He is a co-editor of the forthcoming book Regulating Wall Street: The New Architecture of Global Finance.

Peter Rupert is a professor of economics and associate director of the Laboratory for Aggregate Economics and Finance at the University of California, Santa Barbara.

* Sold! Not Available!*

RENT TO OWN AVAILABLE WITH LESS THAN 5% DOWN WOW!

Check out this Hickory Hill beauty. Located in one of the most popular subdivisions, this is a great house in a very nice & quiet location. Do not let the size of this house fool you! This rare 1 story has 3 good size bedrooms and 2 full baths. High living room ceilings, formal dining room with bar area. Nice backyard with a storage shed.  It has an amazing patio THAT YOU MUST SEE!  You owe it to yourself to see this house today!! A great home for a family.

Buy for $58,500 CASH or we’ll finance and you pay $850 per month if you don’t want to use a bank

Lease option with down payment and $850 month. Flexible payment options

Rent-To-Own ONLY (down payment required but flexible)
*** NO Straight Rent-Only Inquiries Please***
*** NO Voucher Holder Inquiries Please ***
A typical down payment is usually between 3% and 6% of the purchase price. For this home that would be between $2,085 and $4,175. This can be flexible for strong applicants.

100% of your down payment goes towards the purchase price of the home!

***Please disregard any ad on Craig’s List or any other site advertising this for less than what is posted here. It is a scam. Never wire funds overseas or to anyone for a property ***

Want to View This Home???
CLICK HERE to Schedule a Showing!

CALL MIKE TODAY at (901) 209-9180

Click here to view the video on YouTube.

http://memphishousesonline.com/2011/?p=200

Data provided by
See more information on Memphis schools from Education.com

• Elementary {2}

Elementary Schools in Memphis, TN, 38141, 3

2 Elementary Schools found in the area.

School	Type	Grade Level	Enrollment	Students per Teacher
Ross Elementary School Phone: (901) 416-1990 4890 Ross Rd, Memphis, TN 38141	Public	PK, K-5	1010	16
Crump Elementary School Phone: (901) 416-1970 4405 Crump Rd, Memphis, TN 38141	Public	PK, K-5	994	16

Asking: $15,000 Or Your Best Offer. GREAT INVESTMENT PROPERTY THAT ONLY NEEDS CARPET, PAINT, AN A/C UNIT, A KITCHEN PIPE REPLACED, AND WOOD REPAIR.

BEAUTIFUL HOME IN BARTLETT AREA. LOVELY HARDWOOD FLOOR. CLOSE TO I-40, GREAT LOT WITH PLENTY OF ROOM. GREAT BUY FOR THE PRICE. GREAT BARTLETT HOME.  THE PERFECT INVESTMENT PROPERTY.

Zillow Price [Zestimate] $69,900

Tax Assessed Value          $93,800

Rent Range                           $850-$950

Realtors Starting Point        $73,000

Renovations                          $15,000

Inspection Date: Inspection Saturday Dec. 3rd & Sunday Dec. 4th from 2 p.m. till 4 p.m.

Home will be sold Sunday night to the highest bidder.

CALL MIKE TODAY at (901) 209-9180

Bid Deposit: 10% of Winning Bid

Bid Deposits will be accepted in the form of cash, cashiers checks or personal check with a bank letter guaranteeing the amount or a combination of these payment types.  Please make the cashier’s check(s) payable to yourself. In the event that you are the high bidder, you will simply endorse the check to Memphis Houses Online as a non-refundable bid deposit. In the event you are not the high bidder, your cashier’s check will be returned to you, and you may simply deposit it into your account. The high bidder will pay the Bid Deposit upon signing the sales contract at the auction.

Inspection

All inspections must be done prior to the auction date.  Inspection Dates are published on our website.  You may hire your own inspector at your expense to inspect the property.  Call our office to make an appointment for the inspector to visit the property at least twenty-four (24) hours in advance. Please do not bid on any property until you have thoroughly inspected the property.

No Contingencies

All auction properties are sold in “as is” condition.  No purchase shall be contingent on financing or any other contingencies.  Potential buyers are given ample time to inspect properties prior to auction. Terms and conditions are preset and non-negotiable.

Buyer’s Premium

A buyer’s premium of ten percent (10%) will be added to the high bid to determine the total price to be paid.

Broker Participation

All licensed real estate brokers are encouraged to participate by bringing your buyers to the auction. A commission will be paid to the licensed and qualified broker whose properly registered buyer is the successful bidder at the auction, and whose buyer purchases the property. Brokers must register their prospective buyer on the required Broker Participation Form (completely filled out and signed). The form may be obtained by calling 901-209-9180. This form must be submitted to Memphis Houses Online no later than 24 hours prior to the Auction.

Closing

The successful bidder will sign a real estate sales contract after the auction.  The entire purchase price must be paid by Cashier’s or Certified Check, or wired funds at closing. The closing shall take place not later than thirty (30) days after the auction.  Closing attorney for both parties will be:

Sharon Anderson

46 Timber Creek Dr.

cordova TN 38018

901-757-1600

This spacious house is perfect for a family looking for a quiet neighborhood.  We are looking for a quick sale.  All offers will be considered.

Inspection Date: Inspection Saturday & Sunday from 2 p.m. till 4 p.m.

Home will be sold Sunday night to the highest bidder.

Call Mike Today – 901-209-9180

Bid Deposit: 10% of Winning Bid

Bid Deposits will be accepted in the form of cash, cashiers checks or personal check with a bank letter guaranteeing the amount or a combination of these payment types.  Please make the cashier’s check(s) payable to yourself. In the event that you are the high bidder, you will simply endorse the check to Memphis Houses Online as a non-refundable bid deposit. In the event you are not the high bidder, your cashier’s check will be returned to you, and you may simply deposit it into your account. The high bidder will pay the Bid Deposit upon signing the sales contract at the auction.

Inspection

All inspections must be done prior to the auction date.  Inspection Dates are published on our website.  You may hire your own inspector at your expense to inspect the property.  Call our office to make an appointment for the inspector to visit the property at least twenty-four (24) hours in advance. Please do not bid on any property until you have thoroughly inspected the property.

No Contingencies

All auction properties are sold in “as is” condition.  No purchase shall be contingent on financing or any other contingencies.  Potential buyers are given ample time to inspect properties prior to auction. Terms and conditions are preset and non-negotiable.

Buyer’s Premium

A buyer’s premium of ten percent (10%) will be added to the high bid to determine the total price to be paid.

Broker Participation

All licensed real estate brokers are encouraged to participate by bringing your buyers to the auction. A commission will be paid to the licensed and qualified broker whose properly registered buyer is the successful bidder at the auction, and whose buyer purchases the property. Brokers must register their prospective buyer on the required Broker Participation Form (completely filled out and signed). The form may be obtained by calling 901-209-9180. This form must be submitted to Memphis Houses Online no later than 24 hours prior to the Auction.

Closing

The successful bidder will sign a real estate sales contract after the auction.  The entire purchase price must be paid by Cashier’s or Certified Check, or wired funds at closing. The closing shall take place not later than thirty (30) days after the auction.  Closing attorney for both parties will be:

Sharon Anderson

46 Timber Creek Dr.

cordova TN 38018

901-757-1600