VILLA JENNY Bed & Breakfast ~ Foreclosure Auction ~ Estate of George Rummel

Everything You Need to Know Before Bidding > TERMS ~ CONDITIONS ~ PICKUP of ITEMS ~ PAYMENT ~ SALES TAX ~ BUYERS PREMIUM

PICKUP of ITEMS > BUYERS ENCOURAGED to PICKUP ITEM on DAY of SALE ~ ARRANGEMENTS MAY BE CONSIDERED FOR PICKUP OF ITEMS AT A LATER DATE, HOWEVER, THIS MUST BE APPROVED BY THE AUCTIONEER, PRIOR to BEGINNING of SALE.

PAYMENT > PAYMENT BY CASH, CREDIT or DEBIT CARD ~ PAYMENT BY CHECK ONLY IF PRE-APPROVED BY AUCTIONEER ~ 10% BUYERS PREMIUM (FEE) IS ADDED TO THE HIGHEST BID, TO BE PAID BY THE SUCCESSFUL BIDDER ~ 7% MISSISSIPPI SALES TAX WILL BE ADDED TO THE HIGHEST BID, TO BE PAID BY THE SUCCESSFUL BIDDER ~ BUSINESSES THAT HOLD A VALID MISSISSIPPI STATE SALES TAX PERMIT ARE EXEMPT.

AUCTION TERMS & CONDITIONS

BIDDERS CONTRACT > Bidder registration indicates, as a buyer, you will abide by the terms and conditions of sale as set forth by Sam H. Bell (MSAL #202), herein after referred as Auctioneer. These terms and conditions are ABSOLUTE and cannot be altered or changed in any way. If you unable to adhere to these terms, PLEASE DO NOT BID. If you are confirmed as successful bidder, you have established a legally binding contract that cannot be altered or voided.

SHIPPING > Shipping and local delivery available for some items, only with approval by contacting the auctioneer prior to bidding. Shipping and delivery fees are estimated.

NO GUARANTEE OR WARRANTY > Items are offered and sold as is, where is, inclusive of any and all faults or defects, without recourse or guarantee. There is no warranty as to the merchantability, fitness of use for general or specific purpose, or functionality, either expressed or implied, relative to any items offered at auction. Buyer must understand that he or she is buying the property entirely based upon his or her own examination or opinion.

DESCRIPTIONS > Descriptions or statements, oral or written, made by the owner of the property offered, or Auctioneer (or his agents or officers), concerning any item offered at auction, shall not be construed as a warranty, either expressed or implied. Auctioneer will not be held responsible for any advertising discrepancies, inaccuracies or changes in titles or descriptions of lots, the inability of photographs to display or failure to exhibit certain aspects.

RESPONSIBILITY & TITLE > Declaration of "sold" by the Auctioneer indicates ownership of the item is immediately transferred to the purchaser, even though they may not have paid for the item yet. The Auctioneer accepts no responsibility after this point, as the Buyer assumes full risk and sole responsibility of the item(s). The Buyer agrees at this time to pay for the item(s) in full, as specified relative to the time limit specified in the terms.

PAYMENT > Payment is to be made by end of the day, closing of sale ~ Cash, credit or debits cards will be acceptable forms of payment ~ Any other forms of payment must be approved by Auctioneer prior to the beginning of the auction. Buyers agree not to stop payment, disallow a sight draft or reverse any debit or credit card payment. Buyer is responsible for all expenses incurred related to collection of non-payment of any type.

REFUNDS > No payments will be refunded for any reason.

SALES TAX > All sales are subject to Mississippi Sales Tax laws. Dealers who purchase for resale MUST file their resale certificate with the Auctioneer prior to bidding.

BUYERS PREMIUM > A 10% buyers premium will be added to the highest bid of each item sold, and must paid by the successful bidder.

ANNOUNCEMENTS > Announcements posted or made by Auctioneer take precedence over any previously distributed information or advertising. Any deletions from or additions to the sale will be announced by Auctioneer.

REMOVAL of PURCHASES > Arrangements for the removal of purchased items are the sole responsibility of the buyer. Buyers should bring their own moving equipment and labor. Buyers agree to remove purchase(s) at their own risk.

ABANDONED ITEMS > If buyer fails to remove item(s) by the designated removal time, those items will be considered abandoned. Abandoned items may be stored, resold or disposed of without notice to the buyer at Auctioneer’s discretion, and if so, subject to certain fees. Auctioneer will not be responsible for loss or damage to these items. Storage of item(s) is NOT guaranteed. No claim or action of any kind can be made against either Auctioneer (or his agents or officers) for failure of buyer to remove item(s).

DEFAULT > If purchases are not settled by the specified pick up day, or within an agreed timeframe allowed, the bidder will be considered in default. All defaulted items may be offered to the next highest qualified bidder at the discretion of the Auctioneer.

REJECTION & CANCELLATION OF BIDS > The Auctioneer reserves the right to reject any and all bids for any reason prior to the close of bidding. The Auctioneer reserves the right to cancel the auction entirely, or remove any item(s) or lot(s) from this auction prior to the close of bidding.