COURT ORDERED & BANK OWNED REAL ESTATE AUCTION

COURT ORDERED & BANK OWNED
REAL ESTATE AUCTION

FRIDAY, OCTOBER 30, 2009, STARTING @ 12:00 NOON

LOCATION #1: Selling at 12:00 noon. 813 East Highland Ave., Malvern, Arkansas.

LOCATION #2: Selling at 12:30 p.m. 714 N. Main St., Malvern, Arkansas.

Attention investors or want-to-be investors, there is no better thing to put your money in then real estate. We will be offering these two investment-type properties to you at public auction. They each need a little TLC, but both have good potential of making someone a good starter home or rental property that can bring in income each month.

Location #1 (813 East Highland Ave.) is being auctioned to settle an estate. We will be offering the 90'x152' corner lot that is sitting beside this property separately or we will put it back together with the house, whichever way it brings the most. The house is 1200 sf 4br/1ba w/CH&A. Only two blocks from the high school.

Location #2 (714 N. Main St.) is a 1460 sf 3br/2ba w/large back yard, big shade trees, new roof. This one belongs to a local bank and they are ready to sell.

INSPECTION: Drive by each property. There will be info packets available on site or auctioneer will be there one hour prior to auction time.
TERMS: We will require $2,000 down on each house and $1,000 down for the adjacent lot as non-refundable earnest money day of auction w/balance due at closing in 20 days. A 10% Buyer's Premium will be charged to the successful bidder.