Glenn Andrews Real Estate Holdings Absolute Auction Anniston, AL

Timed auction by Southern Auction Solutions

Starts Oct 30, 2018 12:00 PM EDT. Ends Nov 30, 2018 12:00 PM EST

-Online Only Auction- Glenn Andrews Real Estate Holdings 23 Residential & Commercial Properties Anniston, Alabama 11 Tracts **Disclosure**  Multi-Parcel Bidding for Tracts 1, 2, & 3  Tracts 1-3 are being sold through the Multi-Parcel Method. Meaning you may choose how you would prefer to bid on these 3 tracts. These 3 tracts will be sold in the combination that brings the most money for the Seller. Just because you are the high bidder for a single tract does not mean you will be the purchaser. The tracts will be sold in combination which Generates the highest bid. If you have any doubt if you are the high bidder at any time you may contact the auction company or the auctioneer at 334-885-1787.  Sale Order for Lots/Tracts 1, 2, and 3as follows:  Lot 1 – Tract 1  Lot 1a – Combination of Tracts 1 & 2  Lot 2 – Tract 2  Lot 2a – Combination of Tracts 1, 2, & 3  Lot 3 – Tract 3  Lot 3a – Combination of Tracts 1 & 3  Tract 1  PPIN# 68574 & 708 - Acreage 2.17 +/- & 64.91 +/- Accessible from Lincoln Street & Morgan St. Tract 2  PPIN# 68566 - Acreage 32.59 +/- Accessible from Carolina St. & Chestnut St.  Tract 3  PPIN# 61962 - Acreage 19.19 +/- Accessible from Martin Luther King Dr. Tract 4  PPIN# 709; 530; 531; 532; 533; 534 (lots) - Acreage 1.92 +/- Accessible from Quail Dr. & Cricket Lane Tract 5  PPINN 68714; 68715; 68716 - Acreage .92 +/- Accessible from Hannah Ave. & Chestnut St. Tract 6  PPIN# 64519 - Acreage .31 +/- Accessible from Benny Ray Street Tract 7  PPIN# 68415 & 68712 - Acreage 6.86 +/- Accessible from Elm St. & Chestnut St. Tract 8  PPIN# 66133 & 66134 - Acreage .53 +/- Accessible from S. Wilmer & Chilton Alley Tract 9  PPIN# 17411 & 66120 - Acreage .28 +/- Accessible from Quintard & Chilton Alley Tract 10  PPIN# 66131 - Acreage .8 +/- Accessible from Quintard & Chilton Alley Tract 11  PPIN# 30329 - Acreage .11 +/- Accessible from Bancroft Ave  Online Auctions FAQs When should I register for an online auction? We recommend that you register as soon as possible. This allows you to become familiar with the online process and makes things easier when the auction opens. Am I obligated to bid once I register? You are under no obligation to bid once you register. Registering for the auction gives you the option to bid, but nothing else. If you ask for my credit card number during the registration process, do you actually charge my card? Your credit card will be used as part of the authorization process. We will not charge your credit card. Where do I register? You can register for an online auction through the Southern Auction Solutions website. Simply go to www.SouthernAuctionSolutions.com on the Home page, find the auction you are interested in and click the Auction Details button then click the “Bid Now” Then, follow the instructions to register. You must enter all information and accept the “Terms and Conditions” to complete registration. After your registration has been approved, you will be notified of your approval either immediately on the registration site, or by email notification, or both. After you have received that notification, you can return to the auction at any time when bidding is open, login, and click “Bid Now” to bid. When will the auction start? When will bidding end? Bidding on any Southern Auction Solutions online auction will begin and end at the times clearly shown on the Home page on Southern Auction Solutions website and in the Property Information Package for the particular auction. Please be careful to note that all times are expressed in Central Standard Time (CST). Where can I find additional information on a property? In our Property Information Package (PIP), which you can download from the Southern Auction Solutions website. Actually, we require that you download a PIP and assure us that you have done so when you accept the terms and conditions for your auction. To download a PIP for the auction of your choice, start on the Home page find the auction you’re interested in and click “Auction Details” Then click “Documents” select the PIP you wish to download. Click “Download”. You may also download any other documents that might be available for the auction in which you are interested. Should I wait until the last minute to bid? You can certainly bid whenever you choose during the time that bidding is open. We recommend, however, that you not wait until the last minute to bid, in order to make sure that you do not miss an opportunity to bid because of technical or other issues that might arise. There is no particular advantage to waiting until the very last moment, as all Southern Auction Solutions auctions feature an anti-sniping extension called auto-extend (see below) that limits a bidder’s ability to be the winning bidder by submitting a bid at the very last moment. What is the auto-extend feature? If someone bids within the last few minutes of the auction, the timer for the auction will automatically extend. Typically, the time periods are: any bid within the last 4 minutes of the auction will extend the bidding for an additional 4 minutes. These “auto-extend” time periods may change for particular auctions, however, so be sure to check the auto-extend times for your particular auction, which will be clearly noted in the “Terms and Conditions” for the auction. The extension process will continue happening until no further bids are taken before the closing time, as extended. For example in an auction with a 4 minute auto-extend provision, if bidding is scheduled to close at 11:00 AM and you bid at 10:59 AM, the bidding will automatically be extended for an additional 4 minutes, until 11:04 AM. If someone then bids at 11:02 AM, the bidding will extend again, for 4 additional minutes, until 11:08 AM … and so forth until no bids have been taken before the closing time for bidding, as extended. What is the maximum bid feature? The maximum bid feature allows you to put into the system your highest bid. The system will then bid on your behalf in the next increment up to but not exceeding that number. If no one bids against you the system will not further raise your bid. Max bidding is kind of a “set it and forget it” bid, but you will want to stay tuned to see if other bidders have exceeded your maximum. What happens if two people enter the same maximum bid? If two bidders enter the same number as a max bid, the bidder who entered the max bid first will be considered the current high bidder at the full max bid amount (tie goes to the runner, in this case to the max bidder who was first-in-time to enter the max bid at that amount). For this reason if you plan to enter a maximum bid we recommend you enter it as soon as possible once the bidding starts. After I have entered a maximum bid, what happens when someone enters a manual bid that is less than my max bid, or at the same level as my max bid? After you have entered a max bid, if another bidder enters a specific (manual) bid at an amount less than your max bid, your bid will be advanced to the next increment higher than the other bidder’s manual bid, subject always to not exceeding your max bid amount. If the other bidder enters a manual bid in the same amount as your previously-registered max bid, your max bid will match the manual bid and your max bid will be considered the high bid at that amount because it was entered earlier than the later manual bid at that same amount (again, tie goes to the runner, in this case the max bidder who had previously entered a max bid at that amount instead of the bidder who entered a manual bid at the same amount). I won, what happens next? An agent from our office will either call or email you soon after the auction bidding closes, typically, within 24 hours. * If the auction did not have a reserve and did not require seller confirmation, our agent will provide you with instructions on increasing your deposit, scheduling the closing, and other post-auction details. * If the auction was subject to a reserve or required seller confirmation, our agent will advise whether your high bid has been accepted. If your high bid is accepted, we will provide you with instructions on increasing your deposit, scheduling the closing, and other post-auction details. If your high bid has not been accepted, we will advise you as to the next steps. Any bidder may make post auction offers on the property through Southern Auction Solutions’ agents. What if I have further questions? Call our office for more information on the auction in which you are interested. Telephone and email contact information can be found on the website www.SouthernAuctionSolutions.com . Our auction professionals will always be happy to help with any questions that you might have.  

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