AUCTION ALREADY COMPLETED!
Mayo Auction & Realty - Belton, MO 64012
Court Ordered Residential And Commercial Real Estate Auction
Location: Various Locations, Kansas City, MO
34 Day Auction
5 p.m. Friday, March 29th, 2024
through Wednesday, May 1st, 2024
5 p.m. Friday, March 29th, 2024
through Wednesday, May 1st, 2024
Bid to win these great properties in Kansas City, MO. See the full list of properties.
CLICK HERE to bid now online
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Discover unparalleled real estate investment opportunities in Kansas City, Missouri! This court-ordered real estate auction features 44 properties offered in 12 distinct groups. Whether you're looking for commercial real estate, multi-family cash flow properties, or single-family homes, this online real estate auction offers a unique opportunity for every Kansas City real estate investor.
Partnered with Berkshire Hathaway, and on behalf of our client, Mayo Auction and Realty is offering these properties via an easy-to-participate public online auction event. Don't miss out on this unique opportunity. Bid now and seize your chance to grow or start your real estate investment portfolio.
This online real estate auction event is open to the public and is your chance to make your mark in the thriving Kansas City real estate market.
Bid your price on one or more properties today! See the full details.
Do you have real estate to sell?
Is your property better suited for a real estate auction or traditional real estate listing?
Whether you are in the Kansas City area, or anywhere in Kansas or Missouri, Mayo Auction and Realty will help you understand what method of selling your real estate is best for you.
Terms & Conditions:
⢠To register for this real estate auction, the buyer must submit this form to Mayo Auction and Realty by April 30, 2024.
Deposit: The buyer must agree to deliver a nonrefundable deposit of 10% of the winning bid for each property to our office (16513 Cornerstone Dr; Belton, MO 64012) or via wire transfer, and execute a purchase agreement the next business day following the conclusion of the auction. The deposit must be in the form of a cashierâs check, personal check with a bank letter of guarantee, wire transfer, or cash.
⢠Be it understood that Mayo Auction & Realty advises all potential buyers to seek legal counsel if for any reason they do not understand any part of the auctionâs TERMS and CONDITIONS. The buyer confirms that by placing their signatures below, they have inspected the subject property to their satisfaction for their intended uses, and further understands that he/she agrees to all of the terms and conditions for this auction.
Agency Disclosure:
⢠It is clearly understood and agreed by the parties hereto, Mayo Auction & Realty is the selling agent, and all parties employed by or associated with Mayo Auction & Realty represent the Seller in this transaction. Further, the Buyer confirms that verbal disclosure of representation was provided to them prior to signing this agreement.
THIS IS AN INTERNET ONLY AUCTION - If you prefer to turn in a bid in person, please
call the office at 816-361-2600 to make arrangements.
Buyers Premium: A 10% buyer's premium will be added to the final bid. If you bid $10,000.00 the total sale price will be $11,000.00.
Possession: Closing will take place no more than 30 days from the day of the auction. The seller at closing will convey a good and marketable title. Buyer & Seller will be responsible for customary closing costs issued by the title company.
Easements: The sale of this property is subject to any and all easements of record.
Real Estate Taxes: Real Estate taxes shall be prorated to the date of possession.
Purchase Agreement: The successful bidder shall execute a purchase agreement the following business day after being declared the winning bidder by the auction company. Please Note: The purchase agreement will offer no contingencies, including but not limited to financing.
Terms: The property is being sold âAS IS, WHERE ISâ without warranty or guarantee of any kind. Each potential buyer is encouraged to perform his/her own independent inspections, investigations, inquiries, and due diligence concerning the described property prior to bidding.
Agency Disclosure: Mayo Auction & Realty is the selling agent and all parties employed by or associated with Mayo Auction & Realty represent the Seller in this transaction.
Financing: Terms for this auction are cash. The seller is offering no other terms or
contingencies. Therefore the buyer may NOT purchase this real estate subject to loan
approval.
Broker Participation: To qualify for a three percent (3%) Buyers Agent Commission, all licensed real estate agents must register their client prior to the auction by submitting a broker participation form.
Backup Bids: In the rare event that the winning bidder is unable to close on this transaction, we do accept backup bids. If you are not the winning bidder and would like to make a backup bid. Please call our office for the necessary paperwork.
Dynamic Closing: The closing time of a property is automatically extended an additional 5 minutes whenever a bid is placed within the last 5 minutes of the auction closing time.
Warranty and Condition of Items Sold: All items are sold 'AS IS, WHERE IS, with NO WARRANTY expressed or implied. It is the responsibility of the buyer to determine the
condition of the property and bid accordingly. Descriptions are believed to be accurate
but not guaranteed. If you are not certain of the condition of the property, please bid accordingly.
Catalog Discrepancies: You are bidding on the described item, not the photograph, occasionally the wrong photo may be displayed, always read the item description.
The auctioneer reserves the right to add or remove items from the auction; split or combine lots; add minimum bids or reserve prices; cancel, suspend, extend or reschedule an individual item or auction event. The auctioneer reserves the right to make changes to the auction closing times or inspection or removal times.
AUCTION PROCEDURES
On March 14, 2024, Victor Weber, the receiver (the âReceiverâ) herein filed a Motion to Approve (A) Auction Procedures and (B) One or More Potential Sale(s) of All Assets Free and Clear of all Liens, Interests, Claims, Encumbrances, and Rights of Redemption and (C) Related Procedures/Relief Pursuant to Section 515.645 of Missouriâs Statutes (the âSale Motionâ) pursuant to which the Receiver requested authority to sell substantially all of the real estate assets of the receivership estate to the highest and best bidders subject to the process outlined herein. These Auction Procedures have been approved and authorized pursuant to the Order Approving Auction Procedures (the âAuction Procedures Orderâ) entered by the Circuit Court of Jackson County, Missouri, (the âCourtâ) on March [___], 2024.
AUCTION
1. Time and Place of Auction; Assets to be Sold. The auction shall consist of the following described real property of the receivership estate listed below and substantially all the equipment and fixtures located in the real property. The real estate, buildings on the real estate, fixtures of the real estate, and appliances and furniture in the real estate are collectively referred to herein as (the âReal Propertyâ). The list of address of the Real Property is listed in Addendum 1 to these Auction Procedures in an online auction, commencing on before April 1, 2024 and finishing at 5 pm Central Standard Time on May 1, 2024 (the âAuctionâ).
2. Auctioneer. Receiver has selected Mayo Auction and Realty (the âAuctioneerâ) to conduct the Auction. The Auction will be conducted through the Auction Online Service, AuctionbyMayo.com. .
3. Bids. The Real Property will be sold by lot. The Receiver and Auctioneer shall have discretion to combine several addresses into one lot or to sell each address in its own separate lot. Each lot will include the appliances and fixtures on the real estate addresses included in the lot. Each lot may be sold to the highest bidder subject to any reserve prices (as further described below) and also subject to the right of the Receiver at his discretion to withdraw any lot from the auction at any time prior to the Courtâs entry of a Final Sale Order (as defined below) â even after bidding has closed. PLEASE TAKE NOTICE THAT IF THE RECEIVER OBTAINS SUFFICIENT PROCEEDS FROM SALES OF LESS THAN ALL REAL ESTATE TO PAY THE COSTS OF THE RECEIVERSHIP AND ALL OF THE CLAIMS AGAINST IT, THEN THE RECEIVER SHALL ONLY CLOSE SALES OF SUCH REAL ESTATE AS IS NECESSARY TO PAY SUCH COSTS AND CLAIMS. FURTHER, IN THE EVENT THAT ENOUGH PROCEEDS ARE REALIZED FROM THE SALE OF A PORTION OF THE REAL ESTATE TO PAY ALL COSTS OF THE RECEIVERSHIP ESTATE AND CLAIMS AGAINST IT AND THE RECEIVER NEED NOT CLOSE A SALE OF THE REAL ESTATE AT 641-51 E 59th Street, Kansas City, Missouri 64110 TO PAY SUCH COSTS AND CLAIMS THE PROPERTY AT 641-51 E 59TH STREET SHALL NOT BE SOLD. The Auctioneer may take and sell to back-up bidders if the highest bidder fails to close and timely close the sale of the Real Property. All bids will be in dollar denominations. In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Auctioneer will have the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR AUCTIONEER SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to regis
For more information, call:
816-361-2600
Questions about this auction? Phone 816-361-2600 or email our office at info@auctionbymayo.com.
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