Q:Do You Perform a Title Search?
A:While there was not a title search performed on the timeshare, the resort verified that the original contract was paid in full. The debtor’s (original owners that filed bankruptcy) also testified that the membership was paid in full and no liens were against the property. Any liens on the property run with the property.
Q:What Does “As is, Where is” Mean?
A:This is a United States Bankruptcy Court ordered “as is, where is” sale with no warranties implied or stated. We verify the past due taxes with the county and the debtor testified that there was not an outstanding balance on their schedules, but we do not perform a title search.
Q:What am I Responsible for at The Close of Auction?
A:At the close of auction, the buyer is responsible for the final bid price, the $200 document prep fee as ordered by the courts and stated in the ad, and shipping and handling ($8 for US Certified mail). All fees associated with the property and transfer fees are payable to the management company after the sale.
Q:Do You Use PayPal?
A:No. We do not use PayPal due to the court ordered nature of our auctions. The courts have ordered verified funds and PayPal does not fall into this category. We are happy to provide you the court documents at request.
Q:Do You Go Through Escrow?
A:Because this is an as is, where is sale ordered by the United States Bankruptcy Court, we cannot use an escrow service.
