Absolute Auction - 2 Houses & Lots

by Ford Brothers, Inc.


November 06, 2014 Bidding Ends @ approx. 4:00 p.m. (Thursday) Eastern


Tom and Tammy Shafer 30 and 32 Old Somerset Road Mt. Vernon, KY


Online Only


Here’s a great opportunity for the wise investor. Remember, the LAST BID WILL BUY!

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Absolute Auction –

Mr. and Mrs. Thomas Shafer’s

2 Houses & Lots

30 & 32 Old Somerset Rd. – Mt. Vernon, KY


BIDDING ENDS: Thursday, November 6, 2014 @ approx. 3:00 p.m.

BID ONLINE: www.fordbrothersinc.com


Location:  From Mt. Vernon – turn right off US 150 just past KY Stone Quarry onto Old Somerset Rd. Auction signs are posted.


Mr. & Mrs. Shafer have decided to sell these 2 investment properties for the absolute high dollar.


House #1 – The pictured house is a 1 ½ story vinyl siding Colonial with 2 bedrooms upstairs and 2 bedrooms downstairs, living room, kitchen/ plus dining room, large utility, & bath.  It also features electric heat, hardwood, carpet & vinyl flooring.  In addition to the house, there is a 2-car garage.  It’s rented now for $550 per month.


House #2 – Is a 2 story, which has a 1 bedroom, living room/kitchen combo. There’s a possibility of adding another bedroom or 2 – This property rents for $400 per month.


The lot for these two houses measure approximately .78 of an acre.


PREVIEW DATES:  Thursday, October 30 from 4-6 pm and Thursday, November 6 from 2-4 pm.  Ford Brothers Staff will be on-site to assist you with the bidding process.


TERMS: 20% down, as a non-refundable earnest money, in the form of a certified check, cash or wire transfer within 48 hours of the close of auction.  We do not accept a credit card for down payment.  The balance of purchase price is due at closing, said closing to be within 30 days of close of bidding.


BUYER’S PREMIUM: There will be a 10% Buyer’s Premium added to the winning bid.  The sum of the winning bid plus the buyer’s premium will be the sales price.

AUCTIONEER’S NOTE:  Here’s a great opportunity for the wise investor.  Remember, the LAST BID WILL BUY!  


NOTE: The purchaser of a single-family residence built before 1978 has a maximum of 10 days to inspect the property for the presence of lead-based paint. The period for inspection begins October 27th through November 5th. The successful bidder must sign a waiver of the 10-day post sale inspection period.

Announcements day of sale take precedence over printed matter.

For additional information or appointment, contact the selling agents.

Sam Ford, Auctioneer


BUYER'S PREMIUM: There will be a 10% Buyer’s Premium added to the winning bid. The sum of the winning bid plus the buyer’s premium will be the sales price.

PREVIEW DATES: Thursday, October 30th from 4-6 pm and Thursday, November 6th from 2-4 pm. Ford Brothers Staff will be on-site to assist you with the bidding process.

AUCTION END TIMES: Bidding ends at approximately 3:00 p.m. on Thursday, November 6th.

Ford Brothers, Inc. Online Auctions are timed events and all bidding will close at specified time. Ford Brothers, Inc. Online Auctions also have an auto extend feature. If a bid is placed in the final 5 minutes of an auction, the close of the auction will be automatically extended 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:04.The auto extend feature remains active until no further bids are received within a 5 minute time frame.


All property is sold in “AS IS” and “WHERE IS” condition. ALL SALES ARE FINAL! Bidder understands and agrees that no refunds, exchanges, adjustments, charge backs, etc., will be allowed. Property is available for inspection at specified times and it is the bidder's responsibility to determine condition. Bidder's failure to inspect any item or lot will not constitute grounds for any claim, refund, adjustment, charge back, etc.

All description information has been gathered from sources which we believe to be reliable but are not guaranteed. Auctioneer makes no warranty or guarantee of any kind with respect to condition, authenticity, provenance, source, condition, suitability for a particular purpose, etc. Auctioneer reserves the right to change, modify, delete any item or lot or description in the auction as may be necessary.

PAYMENT: 20% down within 48 hours of completion of online auction and balance due in 30 days. We do not accept a credit card for down payment. The balance of purchase price is due at closing, said closing to be within 30 days of close of bidding.

SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Ford Brothers, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor FORD BROTHERS, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Ford Brothers, Inc.

Any dispute between Ford Brothers, Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Rockcastle County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.

Agency: Ford Brothers, Inc.' Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Ford Brothers, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.

Ford Brothers, Inc., reserves the right to alter this agreement at any time. This will take place by updating this site. Please check back and review these terms as every time you use this site you are agreeing to the terms as they are written at that time.

Auction company employees and/or auction company may bid on and purchase auction items.

BIDDER DEFAULT: Failure to complete a purchase is illegal and will result in one or more of the following (1) prosecution (2) loss of bidding privileges for Ford Brothers and all other MarkNet auctions.

If a bidder at any time feels his/her username, password or bidder number has been compromised due to lack of security by the bidder, notify Auctioneer immediately.

For additional information, contact Ford Brothers, Inc. Auctioneers - Realtors at 1-800-435-5454.

TIME IS OF THE ESSENCE in regard to all auction terms.

Conducted By

Ford Brothers, Inc.


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