About Flans & Weiner Inc.
SINCE OUR INCEPTION IN 1974, FLANS & WEINER, INC. HAS BECOME ONE OF THE LARGEST, DIVERSIFIED REAL ESTATE BROKERAGES IN CALIFORNIA. WE SPECIALIZE IN PROBATE, TRUST & CONSERVATORSHIP SALES. OUR EXTENSIVE KNOWLEDGE & EXPERIENCE IN RESIDENTIAL, COMMERCIAL, MULTI RESIDENTIAL, INDUSTRIAL AND LAND CREATES A SEAMLESS EXPERIENCE WITH OUR COMPANY.
818-501-4888
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Terms of Sale
1. These properties are offered together with improvements thereon as is, with no warranty expressed or implied. The sellers and the auctioneer make no representations regarding the properties offered for sale. Bidders must rely on their own inspections. No termite clearance will be supplied for these sales. Sold “as is” with no contingencies whatsoever.
2. Sales of these properties are subject to Superior court confirmation. Higher bids may be accepted by the court if they are made in court and they are in an amount of at least 10% more on the first $10,000 and 5% more on the amount of the bid in excess of $10,000 of the original bid submitted for confirmation.
3. On the day of auction sale, the high bidder will be required to deposit 10% of the amount of his bid as follows: the first (see terms & conditions for deposit) in the form of cashier’s check; balance of the 10% deposit may be in the form of personal check. the purchase contract will require completion of the purchase as follows:
(a) A 45 day escrow shall be opened by the seller at a company of sellers choice.
(b) Bidder’s deposit will be applied to the purchase price. Balance of purchase price to be cash.
(c) Seller will furnish policy of title insurance through escrow at sellers expense.
(d) Taxes, rents, fire insurance and interest on encumbrances will be prorated to close of escrow.
(e) Escrow fees to be shared one-half by seller, one-half by buyer.
4. Real Estate broker / agent registration with Flans & Weiner Inc. required 48 hours prior to auction along with signed Buyer representation/Broker compensation agreement. Registered Real Estate Broker / Agent is required to attend the auction with his/her client.
5. All descriptions and information is derived from sources reliable, but no guarantee is expressed or implied. Announcements made on the day of sale will take precedence.
GENERAL INFORMATION
If escrow does not close within the 45 days, or within an extension of time granted by the seller, the seller will ask the court to vacate the sale. If the court orders the sale vacated, the deposit will be held by the seller until the property has been sold again and escrow has closed. If the total amount of final sales price, plus the amount of expenses and fees allowed by the court for vacating the first sale, is less than sales price of the vacated sale, the difference is paid from the deposit. If the difference is greater than the deposit, a lawsuit to collect the amount is usually filed.
FLANS & WEINER SALES POLICY
The information contained herein including but not limited to square footage, zoning and lot size was obtained from sources believed reliable. However, Flans & Weiner, Inc. makes no representation as to the accuracy thereof and recommends buyer consult appropriate professionals to determine same.
The property will be sold in its present “as is” condition (the actual physical condition of the property existing on the date of the auction) with no warranties or contingencies whatsoever. All descriptions of size and location of the property stated in the auction catalog are approximations only. Seller / receiver have not and do not make any representations, warranties or covenants, either expressed of implied, regarding any matter whatsoever (except for seller’s title), including, but not limited to, geological condition, soil condition, asbestos, zoning, existing means or ingress and egress, the availability of utilities, water or the presence of toxic waste materials on, in or under the property.
A standard policy of title will be issued by the seller insuring marketable title. Balance of escrow expenses to be divided equally.
Broker participation invited with registration in writing 48 hours prior to sale along with signed Buyer representation/Broker compensation agreement. Only brokers with duly registered clients may be permitted at sale. Brokers must attend the auction with client.
Seller and auctioneer reserve the right to refuse admittance to or expel anyone from the auction premises for interference with auction activities, nuisance, canvassing or other reasons.
Offers can be submitted and possibly accepted prior to auction for non court supervised sales.