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.

• 3979 Andy Court – Bloomington, IN
o Hoosier Aloha South PH I Sec 2 Lot 55
o Single family two story residential home built 1999
o 1752 square feet with 3 bedrooms, 2 full bathrooms and 1 half bathroom. 484 square foot 2 car attached garage.
• Property rights being transferred subject to recorded land contract.
o Dated: June 17, 2006
o Original contract amount: $130,000.00
o Monthly payment: $895.00
o First payment: July 1, 2006 until the entire Contract Balance with all accrued interest has been paid in full
o Interest rate: 7.0% per annum
o March, 2016 approximate Balance: $93,814.68 (per seller)
o “Conditional Sales Contract” available for review at auction office