Online Only Auction
Click Main Image For Fullscreen Mode
Price Realized:
276,000.00 USD
Shipping Not Available
Date(s)
1/31/2017 - 2/27/2017
AUCTIONEER INFORMATION
Bidding Notice:

This is an online only auction.


Information
Lot # 1
Lead Acreage of 91.3 Acres, More Or Less
Description
Located in Nacogdoches County, Texas off Texas State Highway 21 East. This is being sold per order of the United States Bankruptcy Court (Case No. 16-11738) Among the assets of the debtor’s estate is immovable property located in Nacogdoches County, Texas, more particularly described below: ALL THAT CERTAIN tract or parcel of land in Nacogdoches County, Texas, a part of the J. A. CHIRENO GRANT of land situated in the public road leading from Chireno to Nacogdoches, and about 2 miles north from the Town of Chireno and on the east side of said public road and being the 56.3 acres of land conveyed to R. C. Menefee by Albert Adams, et al, dated January 25, 1907, and the 35 acres conveyed by R. C. Menefee and wife to Mary G. and S. B. Thomas, dated October 31, 1907, and by R. C. Menefee and wife to E. C Watson dated December 31, 1908, and by A. P. Travis and wife, Mattie Travis to H. V. Hall by Deed recorded in Volume 159, Page 624 of the Deed Records of Nacogdoches County, Texas, and described by metes and bounds as follows: BEGINNING at the southwest corner of the T. J. Jacobs 101-1/2 acre tract now owned by and occupied by Robt. E. Metteauer, Jr. in the public road leading from Chireno to Nacogdoches; THENCE with said public road North 38° West, 225 varas and North 41° West, 170 vrs to corner in said road, a Red Oak 30" in diameter bears South 43° East, 68.8 vrs distance; THENCE North 36° East, 1110 varas to stake in south line of the G. W. Davis 150 acre tract, a Post Oak 10" bears North 10° West, 5 varas, and a P.O. 6" bears South 24° East, 3 varas; THENCE South 80° East, 278 vrs with said Davis line to his southeast corner; THENCE South 10° West, 584 vrs with north line of the R. E. Metteauer, it being the north line of the old 101-1/2 acre Jacobs tract to corner, a Pine 12" bears North 44-1/2° East, 1.9 varas, and a Pine 13" bears North 85° West, 3.8 varas; THENCE South 450 West, 820 vrs with said Jacobs line (now owned by R.E. Metteauer) to the place of BEGINNING, the area containing 91-3/10 acres of land; more or less. SAVE AND EXCEPT, 1.16 acres conveyed to the State of Texas by Deed from Hollis Walton and wife, Leola Walton, dated August 14, 1962, and recorded in Volume 307, Page 349 of the Deed Records of Nacogdoches County, Texas.
Name S. Gantt Real Estate Bankruptcy Online Auction
Auctioneer
Type Online-Only Auction
Date(s) 1/31/2017 - 2/27/2017
Auction Date/Time Info
Monday, February 27, 2017 at 2pm.
Preview Date/Time Anytime before Feb. 27, 2017 at 2pm.
Checkout Date/Time Monday, February 27, 2017
Location
Buyer Premium NO BUYER'S PREMIUM FOR THIS AUCTION
Description
We have been commissioned by the United States Bankruptcy Court to conduct an auction of real estate belonging to the Bankruptcy Estate of Steven Cloy Gantt, located in Nacogdoches County, Texas. Lawler Auction Company has teamed up with licensed Texas Real Estate Broker S.Carney & Associates Inc., Sheila D. Carney/ President/Broker, Corporate TX License # 454007 located at 3001 North Street, Nacogdoches, Texas, to conduct this online only auction. This auction is being conducted pursuant to the Court Order issued by the United States Bankruptcy Court in the Western District of Louisiana (Case No. 16-11738).
The property is being sold "as is" with all faults. Buyer assumes any and all risks. We assume there are no mineral rights that go with this property as there appears to be production on the property. On the day of the auction, the winning buyer shall deliver to Lawler Auction Company, located at 7781 Highway 1 North, Shreveport, Louisiana 71107, a cashier's check in the amount of Ten Thousand Dollars ($10,000) that will be held as a non-refundable deposit. The balance will be due within thirty (30) days when closing must occur. All closing costs shall be assessed to the buyer. Trustee will provide a deed to the property upon full payment of the bid amount. Any title search or title insurance required by the buyer will be at the buyer's expense. There is no buyer's premium. Lawler Auction Company is acting as an auctioneer only, and is licensed in the State of Texas to conduct auctions. If a buyer has questions about the property, we suggest that you contact an attorney or seek guidance from a professional real estate agent or broker (at the buyer's own expense). Questions about the real estate shall be directed to S. Carney & Associates Inc., Sheila Carney, President / Broker, 3001 North Street, Nacogdoches, Texas 75965. Texas Lic. # 454007. Her telephone number is (936) 569-4097. Her email address is sheilacarney@swbell.net. Questions about the auction itself shall be directed to Lawler Auction Company at (318) 929-7003. No brokerage fee or selling fee is being offered for this particular real estate auction to any real estate agent or broker. There will be no splitting of the fees. The online internet auction will begin to close at 2pm on Monday, February 27, 2017. In the event of a last minute bid, the bidding will be extended out two minutes for each subsequent bid until the bidding ends and a winner is declared. This auction is being conducted in conjunction with the Court Order handed down by the United States Bankruptcy Court in the Western District of Louisiana, Shreveport Division.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 10.00 1.00 USD
10.01 - 25.00 2.50 USD
25.01 - 100.00 5.00 USD
100.01 - 300.00 10.00 USD
300.01 - 1,000.00 25.00 USD
1,000.01 - 2,000.00 50.00 USD
2,000.01 - 3,000.00 100.00 USD
3,000.01 - 10,000.00 250.00 USD
10,000.01 - 100,000.00 500.00 USD
100,000.01 - 500,000.00 1,000.00 USD
500,000.01 - 9,999,999.99 5,000.00 USD
Currency USD
Buyer Premium NO BUYER'S PREMIUM FOR THIS AUCTION
Payment Terms
A deposit of $10,000 must be made to Lawler Auction Company on the day of the auction by cashier's check or bank wire transfer.
N/A
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.