Vacant Land in Lagos, Ogun State, Nigeria!

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Item Id: Alesanmi01
Case Name: Alesanmi, Quadri O
Case Number: 19 50303
Starting Minimum Bid: $1,200

Estate’s interest in ‘approximately two plot of land situate, lying and being at Akole Village’ near Lagos, Ogun State, Nigeria The land is confirmed at 36 meters on the south side and 20.9 meters on the east. It is nearly perfectly square with the north side being 1 meter shorter than the south side. The west side is 3 meters less than the east side. The parcel is bordered on the south by a ‘proposed road’ which is, as yet, unnamed.

2018 taxes, if any, are unknown.

The debtor signed a Nigerian ‘Land Purchase Agreement’ for the property in January 2017 and paid One Million Naria for the land. The Land Purchase contract states the “is free from litigation, mortgage, change, gift, lien, attachment and/or other liabilities or encumbrances whatsoever whether or not under the Land Use Act.

The Trustee will provide the winning bidder a signed and notarized Assignment to transfer ownership. It will be the responsibility of the winning to transfer ownership according to Nigerian law and seller and Trustee assume no responsibility to do so. Any fees related to the transfer of ownership are also the responsibility of the winning bidder

The full eight (8) pages of the Land Purchase Agreement will be provided to prospective bidders upon request

Location Info: The property is located at Eledi Atala behind Obasanjo Farm Ota ADO-DDO/OTA Local Govt Agrea, Ogun State, Nigeria (far southwest Nigeria)

Liens: We do not know of any other liens

Notes: A closing cost fee of $275 will apply. This is all we know about this item. Any fees/liens owing on this item are not part of the final bid price. A bid submitted by a buyer is an agreement to our Terms. Buyers should not bid unless they fully intend to complete the sale in accordance with our Terms (to view terms, click “Terms” tab in Seller Store header at top of ad).

Bidders should familiarize themselves with policy regarding ‘Proxy Bidding’ (see ‘Bidding Guide’ on Home Screen). BKAssets is not responsible for connectivity issues, or Internet transmission times, when submitting an auction bid near the close of auction. The auction process does not extend past the set close time of the auction and bidders are solely responsible for the timing and receipt of their bids if they elect not to utilize Proxy bidding.

Title & Escrow: A title search was NOT performed on this property. BKAssets does not provide title insurance. If title insurance is desired, the buyer is responsible for obtaining it through a title company. The title company must comply with the terms of the sale as ordered by the court. Because this is a US Bankruptcy Court ordered, as is where is sale, is not permitted to use an escrow company, or provide any warranties or guarantee, implied or stated. Buyer will be provided an assignment of title by the bankruptcy trustee.

Legal Info: By Order of the United States Bankruptcy Court, sells this and any other property “AS IS, WHERE IS”, with no warranties implied or stated. This means that the Seller and the trustee are not responsible for problems (if any) with the title, the condition of the property, or any liens or encumbrances against the unit. The buyer will be entirely responsible for this property after the sale including but not limited to: paying any fees/costs associated with this property, paying all fees/liens (if any), recording/transferring the title and gathering any paperwork/documentation necessary for that process. Seller and trustee are NOT realtors. BKAssets and the trustee shall be under no obligation to buyer except to provide buyer with a Trustee’s Assignment BKAssets recommends all bidders perform their own due diligence prior to bidding. As with any bankruptcy sale, this sale may be subject to court approval.

Payment Info: $U.S. Money order, certified check, cashier’s check. BKAssets may also accept “Bill Pay” from Wells Fargo, Bank of America, Chase, Citibank, a local regional bank or Credit Union. If you would like to use “Bill Pay,” but do not bank at one of these establishments, please call BKAssets prior to sending payment.
A closing cost fee of $275 (payable to seller) will apply. Full payment must be received within (7) days of winning bid. Any bidder who does not complete the sale within 7 days from the close of auction will be considered in default. Seller has the right to proceed with the next highest bidder.

Shipping Info: Shipping is free to all buyers in the United States. International bidders are welcome, please contact BKAssets for shipping costs to countries other than the United States prior to bidding. Shipping costs to locations outside of the US will be calculated at the close of auction. Please be advised that because this is a US Bankruptcy Court Ordered sale, and subject to approval, shipping can take an average of 3-6 weeks.

Bidding Guide: Please review the bidding guide for terms of auction prior to placing a bid or making an offer..

Auction History

Auction has finished

Auction failed because there were no bids
August 18, 2019 4:16 pmAuction started


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