Residential Homes For Sale at Auction | Investment Auction

Four residential properties are for sale and each has an existing contract purchaser in possession. The contracts have interest rates from 6-7% and the balances receivable average about 80% of home values in the neighborhood. The investment is safeguarded by this positive difference between contracts receivable and property values.

• 3923 West Norway Court - Bloomington, IN 47404
o Hoosier Aloha South PH I Sec 2 Lot 71
o Single family two story residential home built in 2003
o 2842 square feet with 4 bedrooms, 2 full bathrooms and 1 half bath. 400 square foot 2 car attached garage.
• Property rights being transferred subject to recorded land contract.
o Dated January 28, 2013
o Original contract amount: $160,000.00
o Monthly payment: $1,050.00
o First payment: February 1, 2013 until the entire Contract Balance with all accrued interest has been paid in full o Interest rate: 6-1/2% per annum
o March, 2016 Approximate Balance: $149,504.34 (per seller)
o “Conditional Sales Contract” available for review at auction office