Property Information Package - Property For Sale · Will sell over $1,000 minimum bid 2,827± sf...

P: 877-374-4437F: [email protected]

Preview:Auction Start Date, Time:

Property #:

Bank Owned - Office Bldg Daytona Beach, FL

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TRANZON.COM

Property Information Package

1012 S. Ridgewood Avenue, Daytona Beach, FL, 32114

DG843

Auction End Date, Time:June 4, 2015, 9 am ETJune 23, 2015, 3 pm ET

Tranzon DriggersWalter J. Driggers, III, Lic. Real Estate Broker,FL Lic# AU707 & AB3145

Auction Location: www.Tranzon.com

Property Summary

Daytona Beach, FL 321141012 S. Ridgewood Avenue

DG843

Buyer’s Premium:Deposit:

You are urged to thoroughly inspect the property before the auction!The information contained in this property overview is subject to inspection and verification by all parties relying on it. The Seller andtheir agents assume no liability for the accuracy, error or omissions. This listing may be withdrawn or modified without notice at any

time. All square footage, lot size measurements and dimensions in this information are approximate. No warranties or guarantees areexpressed or implied. The purchaser must rely on his/her own information, inspection, records and determination to bid.

The property is being sold “as is, where is” with “all faults.”

Title/Escrow Agent: Robert M. Chisholm, P.A.

Terms of Sale:10% buyer’s premium will be added to the high bid to determine the contract price.

on or before 7/7/2015Closing Date:

For additional information please call:Walt Driggers

877-374-4437 or 352-369-1047Tranzon Driggers Walter J. Driggers, III, Lic. Real Estate Broker, agent for the seller #AU707 & AB3145

Independently owned and operated • a member company of Tranzon LLCwww.tranzon.com

PropertyDescription

This 1925± home was converted to an office building with 8 offices, 2 receptionareas, and 3 restrooms. There is some deferred maintenance, some siding needsreplacing, A/Cs are missing, but the visibility and traffic counts are stellar. This isclose to Embry-Riddle, the International Speedway and the beach.

Land Size 70’ x 200’± Frontage 70’ on S. Ridgewood Av

Zoning T-2 Tourist Office/RestaurantLand Use Office Transition

Building Size 2,827± sfBD/BA/GAR N/A

Tax $2,078.28 (2014) Bldg., $128.06 (2014) Lot

Auction Ends:

Preview:

Year Built 1925±Assn None

Assoc. Fee N/AWater Central - ExistingSewer Central - ExistingTax ID

County Volusia

Contact Your Broker

5340-05-03-00155340-05-03-0017

Will sell over $1,000 minimum bid2,827± sf office space - 8 offices, 2 reception areas, 2 storyGreat Visibility, 26,500± car per day traffic count

•••

Bank Owned - Office Bldg Daytona Beach, FL

Tuesday, Jun 23, 20153 pm ET

10% deposit due via wire transfer to closing agent within 24 hrs. of being notified asthe successful bidder

Auction Begins:Thursday, June 4, 2015

9 am ET

Tranzon Driggers Posted: 06/17/2015

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Notice to Bidders The information included is a summary of information available from a number of sources, much of which has not been independently verified. The sources from which the information was gathered are believed to be reliable; however, all information contained within this package is subject to verification by all parties relying on it. No representations or warranties, expressed or implied, as to the accuracy or completeness of the information in this and other advertising materials shall be deemed made, and no legal commitment or obligation shall arise, by reason of this package or its contents. This summary has been provided only for the use of prospective bidders. Buyer must rely on his/her own information, inspection, review of public records and own determination to bid, consulting whatever advisors he/she may feel appropriate. The property described is being sold in "as-is, where is, with all faults" condition. Neither Tranzon Driggers, the Seller, nor their respective agents make any express or implied warranties of any kind. This listing may be withdrawn and/or modified without notice at any time. Tranzon Driggers is acting as agent of the seller. Tranzon Driggers is a member company of Tranzon, L.L.C. and is independently owned and operated.


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DG843Locator Maps


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DG843 Photos


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The Volusia County Property Appraiser makes every effort to produce the most accurateinformation possible. No warranties, expressed or implied, are provided for the data herein, itsuse or interpretation. The values shown in the Total Values section at the end of the PropertyRecord Card are "Working Tax Roll" values, as our valuations proceed during the year. TheseWorking Values are subject to change until the Notice of Proposed Taxes (TRIM) are mailed inmid-August. For Official Tax Roll Values, see the History of Values section within the propertyrecord card below.

Last Updated: 05-19-2015 Today's Date: 5-23-2015

Volusia County Property Appraiser's Office

Property Record Card (PRC)Morgan B. Gilreath Jr., M.A., A.S.A., C.F.A.

Property AppraiserFull Parcel ID

Short Parcel ID40-15-33-05-03-0015 5340-05-03-0015

Mill Group 204 Daytona Beach

Alternate Key 3533607 2014 Final Millage Rate 23.59040Parcel Status Active Parcel PC Code 17 Date Created 30 DEC 1981

Owner Name SUNSHINE STATE COMMUNITY GO TO ADD'L OWNERS

Owner Name/Address 1 BANK Owner Address 2 2500 WESTON RD SUITE 300 Owner Address 3 WESTON FL Owner Zip Code 33331

Owner Percentage 100 Ownership Type Location Address 1012 S RIDGEWOOD AV DAYTONA BEACH 32114

L E G A L D E S C R I P T I O N GO TO ADD'L LEGAL

S 70 FT OF N 220 FT OF E 150 FT BLK 3 BETHUNE GRANT PER OR 3

049 PG 1352 PER OR 5397 PG 0637 PER OR 5548 PGS 4634-4635 PE

S A L E S H I S T O R Y GO TO ADD'L SALES

# BOOK PAGE DATE INSTRUMENT QUALIFICATION IMPROVED? SALE PRICE1 6558 3239 1/2011 Warranty Deed Institutional / bank Yes 262,600

2 5681 1867 10/2005 Warranty Deed Multi parcel sale Yes 375,000

3 5548 4634 5/2005 Warranty Deed Multi parcel sale Yes 175,000

H I S T O R Y O F V A L U E S GO TO ADD'L HISTORY

YEAR LAND BLDG(S) MISC JUST ASD SCHASD NS ASD EXEMPT TXBL SCH

TXBLADD'L

EXNS

TXBL2014 34,125 32,647 2,429 69,201 69,201 69,201 69,201 0 69,201 69,201 0 69,201

2013 34,125 46,382 2,429 82,936 82,936 82,936 82,936 0 82,936 82,936 0 82,936


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L A N D D A T A

CODE TYPE OFLAND USE

FRONTAGE DEPTH # OFUNITS

UNITTYPE

RATE DPH LOC SHP PHY JUSTVAL

1700 1STORYOFF 70.0 150.0 10500.00 SQUARE

FEET 3.25 100 100 100 100 34,125

NEIGHBORHOOD

CODE C5552 DAYTONA BEACH- US HWY 1

TOTAL LAND CLASSIFIED 0

TOTAL LAND JUST 34,125

B U I L D I N G C H A R A C T E R I S T I C S

BUILDING 1 OF 1 GO TO BLDG SKETCH

Physical Depreciation % 62 Next Review 2999 Obsolescence Functional 0%

Year Built 1925 Locational 45%Quality Grade 275 Base Perimeter 729


PROPERTY TYPE One Story Office EXTERIOR WALL TYPE %

STRUCTURE TYPE Wood /Open Steel WOOD FRAME / WOOD SIDING 100

B U I L D I N G R E F I N E M E N T S

Description # of Units Unit TypeBaths, 2-Fixture 3 UB

Section#

WallHeight

# OfStories

YearBuilt

Bsmt%

GroundFloorArea

InteriorFinish(es) % Sprinkler AC?

1 8.00 1 1925 0.00 1605 Office, 1 story 100.00 No Yes


Light manufactoring minimumfinished 34.00 No No

Service shop 16.00 No No




6 8.00 1 1925 0.00 24 Finished Open Porch (FOP) 1.00 No No

M I S C E L L A N E O U S I M P R O V E M E N T STranzon Driggers Posted: 06/17/2015

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TYPE NUMBER UNITS UNIT TYPE LIFE YEAR IN GRADE LENGTH WIDTH DEPR. VALUEPAVING CONCRET 210 SF 15 1925 5 0 0 374

PAVING ASPHALT 4048 SF 6 1976 4 0 0 1,312

P L A N N I N G A N D B U I L D I N G GO TO ADD'L PERMITS

PERMITNUMBER

PERMITAMOUNT

DATEISSUED

DATECOMPLETED DESCRIPTION OCCUPANCY

NBROCCUPANCY

BLDG

051192 9,495.00 4-13-2005 Unknown 0

19890925002 0.00 9-25-1989 2-20-1991 WELL/PUMP/IRRIGATION 0

T O T A L V A L U E SThe values shown in the Total Values section at the end of the Property RecordCard are "Working Tax Roll" values, as our valuations proceed during the year.These Working Values are subject to change until the Notice of Proposed Taxes(TRIM) are mailed in mid-August. For Official Tax Roll Values, see the History ofValues section above.

The Volusia County Property Appraiser makes every effort to produce the most accurateinformation possible. No warranties, expressed or implied, are provided for the data herein, itsuse or interpretation.

Land Value 34,125 New Construction Value 0 Building Value 34,352 City Econ Dev/Historic Taxable 0 Miscellaneous 1,686

Total Just Value 70,163 Previous Total Just Value 69,201School Assessed Value 70,163 Previous School Assessed 69,201

Non-School Assessed Value 70,163 Previous Non-School Assessed 69,201Exemption Value 0 Previous Exemption Value 0

Additional Exemption Value 0 Previous Add'l Exempt Value 0School Taxable Value 70,163 Previous School Taxable 69,201

Non-School Taxable Value 70,163 Previous Non-School Taxable 69,201

MapIT PALMS

Map KioskParcel Notes

MapIT: Your basic parcel record search including sales.

PALMS: Basic parcel record searches with enhanced features.

Map Kiosk: More advanced tools for custom searches on several layersincluding parcels.


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https://www.volusia.county-taxes.com/public/search?search_query=534005030015

The Volusia County Property Appraiser makes every effort to produce the most accurateinformation possible. No warranties, expressed or implied, are provided for the data herein, itsuse or interpretation. The values shown in the Total Values section at the end of the PropertyRecord Card are "Working Tax Roll" values, as our valuations proceed during the year. TheseWorking Values are subject to change until the Notice of Proposed Taxes (TRIM) are mailed inmid-August. For Official Tax Roll Values, see the History of Values section within the propertyrecord card below.

Last Updated: 05-19-2015 Today's Date: 5-23-2015

Volusia County Property Appraiser's Office

Property Record Card (PRC)Morgan B. Gilreath Jr., M.A., A.S.A., C.F.A.

Property AppraiserFull Parcel ID

Short Parcel ID40-15-33-05-03-0017 5340-05-03-0017

Mill Group 204 Daytona Beach

Alternate Key 5284620 2014 Final Millage Rate 23.59040Parcel Status Active Parcel PC Code 10 Date Created 03 FEB 1992

Owner Name SUNSHINE STATE COMMUNITY GO TO ADD'L OWNERS

Owner Name/Address 1 BANK Owner Address 2 2500 WESTON RD SUITE 300 Owner Address 3 WESTON FL Owner Zip Code 33331

Owner Percentage 100 Ownership Type Location Address S RIDGEWOOD AV DAYTONA BEACH 32114

L E G A L D E S C R I P T I O N GO TO ADD'L LEGAL

S 68.40 FT OF W 1/4 OF E 200 FT OF N 220 FT EXC S 1.60 FT OF

BLK 3 BETHUNE GRANT MB 1 PG 56 PER OR 3721 PG 0762 PER OR 4

S A L E S H I S T O R Y GO TO ADD'L SALES

# BOOK PAGE DATE INSTRUMENT QUALIFICATION IMPROVED? SALE PRICE1 6558 3239 1/2011 Warranty Deed Institutional / bank No 262,600

2 5681 1867 10/2005 Warranty Deed Multi parcel sale No 375,000

3 5548 4634 5/2005 Warranty Deed Multi parcel sale No 175,000

H I S T O R Y O F V A L U E S GO TO ADD'L HISTORY

YEAR LAND BLDG(S) MISC JUST ASD SCHASD

NSASD EXEMPT TXBL SCH

TXBLADD'L

EXNS

TXBL2014 5,428 0 0 5,428 5,428 5,428 5,428 0 5,428 5,428 0 5,428

2013 5,428 0 0 5,428 5,428 5,428 5,428 0 5,428 5,428 0 5,428Tranzon Driggers Posted: 06/17/2015

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L A N D D A T A

CODE TYPE OF LANDUSE

FRONTAGE DEPTH # OFUNITS

UNITTYPE

RATE DPH LOC SHP PHY JUSTVAL

1000 VACANTCOMMERCIAL No Data No

Data 3340.00 SQUAREFEET 3.25 100 50 100 100 5,428

NEIGHBORHOOD

CODE C5552 DAYTONA BEACH- US HWY 1

TOTAL LAND CLASSIFIED 0

TOTAL LAND JUST 5,428


M I S C E L L A N E O U S I M P R O V E M E N T S

TYPE NUMBER UNITS UNIT TYPE LIFE YEAR IN GRADE LENGTH WIDTH DEPR. VALUE

P L A N N I N G A N D B U I L D I N G

PERMITNUMBER

PERMITAMOUNT

DATEISSUED

DATECOMPLETED DESCRIPTION OCCUPANCY

NBROCCUPANCY

BLDGNONE

T O T A L V A L U E SThe values shown in the Total Values section at the end of the Property RecordCard are "Working Tax Roll" values, as our valuations proceed during the year.These Working Values are subject to change until the Notice of Proposed Taxes(TRIM) are mailed in mid-August. For Official Tax Roll Values, see the History ofValues section above.

The Volusia County Property Appraiser makes every effort to produce the most accurateinformation possible. No warranties, expressed or implied, are provided for the data herein, itsuse or interpretation.

Land Value 5,428 New Construction Value 0 Building Value 0 City Econ Dev/Historic Taxable 0 Miscellaneous 0

Total Just Value 5,428 Previous Total Just Value 5,428School Assessed Value 5,428 Previous School Assessed 5,428

Non-School Assessed Value 5,428 Previous Non-School Assessed 5,428Exemption Value 0 Previous Exemption Value 0

Additional Exemption Value 0 Previous Add'l Exempt Value 0School Taxable Value 5,428 Previous School Taxable 5,428

Non-School Taxable Value 5,428 Previous Non-School Taxable 5,428

MapIT PALMS Parcel Notes


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DG843 Plat


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Schedule A

Commitment for Title Insurance ISSUED BY First American Title Insurance Company 5011612 - 1062-3366744

Customer Reference Number: Dovi First American File Number: 1062-3366744

1. Effective Date: May 18, 2015 @ 8:00 A.M.

2. Policy or Policies to be issued: Proposed Amount of Insurance:

a. Owner's Policy ALTA Owner's Policy of Title Insurance (6-17-06)

(with Florida modifications) $TBD

Proposed Insured: To Be Determined b. Loan Policy ALTA Loan Policy of Title Insurance (6-17-06)

(with Florida modifications) $N/A

Proposed Insured:

c. $N/A Proposed Insured:

Premium: $

3. The estate or interest in the land described or referred to in this Commitment is Fee Simple

4. Title to the Fee Simple estate or interest in the land is at the Effective Date vested in:

Florida Community Bank, N.A., successor by merger with Sunshine State Community Bank

5. The land referred to in this Commitment is described as follows:

See Exhibit "A" attached hereto and made a part hereof

Robert M. Chisholm, PA

By: _________________________ Authorized Countersignature for Robert M. Chisholm, PA (This Schedule A valid only when Schedule B is attached.)=


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Exhibit A



The land referred to herein below is situated in the County of Volusia, State of Florida, and is described as follows: Parcel 1: The Southerly 70 feet of the Northerly 220 feet of the Easterly 150 feet of Block 3, BETHUNE GRANT, as per map recorded in Map Book 1, Page 56, Public Records of Volusia County, Florida. Parcel 2: The Southerly 68.40 feet of the West 1/4 of the East 200 feet of the North 220 feet, excepting the Southerly 1.6 feet of Block 3, BETHUNE GRANT, as per map recorded in Map Book 1, Page 56, Public Records of Volusia County, Florida.

=


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Schedule BI



REQUIREMENTS

The following requirements must be met:

1. Pay and/or disburse the agreed amounts for the interest in the land and/or the mortgage to be insured.

2. Pay us the premiums, fees and charges for the policy.

3. Pay all taxes and/or assessments, levied and assessed against the land, which are due and payable.

4. The following documents, satisfactory to us, creating the interest in the land and/or the mortgage to be insured must be signed, delivered and recorded:

a. Warranty Deed or Special Warranty Deed to be executed by the duly authorized representative of Florida Community Bank, N.A., successor by merger with Sunshine State Community Bank to To Be Determined. In the event the conveyance of title to the proposed insured is to be made by any entity other than the foregoing named Grantor or is to be made through use of any other deed format other than a Warranty Deed or Special Warranty Deed as herein required or the deed contains an exception for any Code Enforcement Lien(s), Company must be notified and thereupon this Commitment will be revised to require the release of the land described in Schedule A from any cross-attaching Code Enforcement Liens attaching to said land. Proof, satisfactory to the company, of the authority of the signer of the deed called for above, under the organizational documents for any grantor or under a duly executed resolution by the grantor also satisfactory to the company. Typically, general and limited partnership deeds should be signed by its duly authorized partner or general partner; limited liability company deeds are typically signed by members or managing members; corporation deeds are signed by presidents or chief executive officer. In many cases, the fiduciary duty to sign deeds must be delegated with the permission of the business entity not by power of attorney but by resolution signed by the partners, members or directors of the organization. Deviations from this requirement should be approved by the company.

5. Payment, cancellation and satisfaction/and or partial release of record of mortgage in the original principal sum of $325,000.00, executed by Adam Dovi in favor of Sunshine State Community Bank, recorded in Official Records Book 5681, Page 1868, as modified by document recorded in Official Records Book 6233, Page 901 .

6. Partial Release of Assignment of Rents and Leases from Adam Dovi to Sunshine State Community Bank recorded October 21, 2005, in Official Records Book 5681, Page 1881 .


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7. The name or names of the proposed insured(s) and/or the amount of requested insurance under the Owner's/Loan Policy to be issued must be furnished and this Commitment is subject to such further exceptions and/or requirements as may then be deemed necessary.

8. If the amount of insurance to be issued exceeds the authority of the agent under the existing Agency Agreement with the Company, the Company requires that the agent obtain specific underwriting approval from First American.

9. Satisfactory verification from appropriate governmental authorities that any and all unrecorded Special Taxing District Liens, City and County Special Assessment Liens, MSBU Assessment Liens, Impact Fees, and Water, Sewer and Trash Removal Charges, have been paid.

10. Proof of payment of taxes and assessments for the year 2014, and prior years, plus any penalties and interest.

11. Note: The following is for informational purposes only and is given without assurance or guarantee: 2014 taxes show PAID in the gross amount of $1,632.48 for Tax Identification No. 5340-05-03-0015.

12. Note: The following is for informational purposes only and is given without assurance or guarantee: 2014 taxes show PAID in the gross amount of $128.06 for Tax Identification No. 5340-05-03-0017.

=


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=

Schedule BII



PART II

Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the Company:

1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date but prior to the date the proposed insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment.

2. Any rights, interests, or claims of parties in possession of the land not shown by the public records.

3. Any encroachment, encumbrance, violation, variation or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the land.

4. Any lien, for services, labor, or materials in connection with improvements, repairs or renovations provided before, on, or after Date of Policy, not shown by the public records.

5. Any dispute as to the boundaries caused by a change in the location of any water body within or adjacent to the land prior to Date of Policy, and any adverse claim to all or part of the land that is, at Date of Policy, or was previously under water.

6. Taxes or special assessments not shown as liens in the public records or in the records of the local tax collecting authority, at Date of Policy.

7. Any minerals or mineral rights leased, granted or retained by current or prior owners.

8. Taxes and assessments for the year 2015 and subsequent years, which are not yet due and payable.

NOTES FOR STANDARD EXCEPTIONS: Standard Exceptions for parties in possession, for mechanics liens, and for taxes or special assessments not shown as liens in the public records shall be deleted upon receipt of an acceptable Non-Lien and Possession Affidavit establishing who is in possession of the lands, that there are no liens or encumbrances upon the lands other than as set forth in the Commitment, that no improvements to the lands have been made within the past 90 days or are contemplated to be made before closing that will not be paid in full, and that there are no unrecorded taxes or assessments that are not shown as existing liens in the public records. Any Policies issued hereunder may be subject to a Special Exception for matters disclosed by said affidavit. Standard Exception(s) for questions of survey may be deleted upon receipt and review of a properly certified Survey meeting the Florida Minimum Technical Standards for all land surveys dated no more than 90 days prior to closing or such other proof as may be acceptable to the Company. Any Policies issued hereunder may be subject to a Special Exception for matters disclosed by said survey or proof.


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9. Terms and conditions of any existing unrecorded lease(s), and all rights of lessee(s) and any parties claiming through the lessee(s) under the lease(s).

10. Restrictions, dedications, conditions, reservations, easements and other matters shown on the plat of BETHUNE GRANT, as recorded in Map Book 1, Page(s) 56, but deleting any covenant, condition or restriction indicating a preference, limitation or discrimination based on race, color, religion, sex, handicap, familial status or national origin to the extent such covenants, conditions or restrictions violate 42 USC 3604(c).

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Note: All of the recording information contained herein refers to the Public Records of Volusia County, Florida, unless otherwise indicated. Any reference herein to a Book and Page is a reference to the Official Record Books of said county, unless indicated to the contrary.

Notices - Where Sent All notices required to be given the Company and any statement in writing required to be furnished the Company shall include the number of this policy and shall be addressed to the Company, Attention: Claims Department, 1 First American Way, Santa Ana, CA 92707.

Service, Quality and Availability First American Title Insurance Company cares about its customers and their ability to obtain information and service on a convenient, timely and accurate basis. A qualified staff of service representatives is dedicated to serving you. A toll-free number is available for your convenience in obtaining information about coverage and to provide assistance in resolving complaints at 1-800-854-3643. Office hours are from 8:30 a.m. through 5:30 p.m. Monday through Friday.

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Robert M. Chisholm, PA 4921 SW 74Th Court Miami , FL 33155 Phn - (305)667-4261 Fax - (305)661-6090

06/16/2015 Re: Customer Reference Number: Dovi First American File Number: 1062-3366744 Property Address: 1012 S Ridgewood Avenue, Daytona Beach, FL 32114 YOU MAY BE ENTITLED TO A REDUCED PREMIUM FOR TITLE INSURANCE IF THIS OFFICE IS PROVIDED WITH A PRIOR OWNER'S POLICY INSURING THE SELLER OR MORTGAGOR IN THE CURRENT TRANSACTION. An order has been placed with this company for a title insurance policy. The purpose of this letter is to provide you with important information regarding the title insurance premium that has been or will be charged in connection with this transaction. Eligibility for a discounted title insurance premium will depend on :

REFINANCE TRANSACTIONS: To qualify for a reduced premium for title insurance you must provide our office with a copy of your prior owner's policy of title insurance insuring your title to the above-referenced property. SALES TRANSACTIONS: To qualify for a reduced premium for title insurance you must provide our office with a copy of your (or your seller's) prior owner's policy of title insurance insuring your title to the above-referenced property. The effective date of the prior owner's policy must be less than three years old or the property insured by the policy must be unimproved (except roads, bridges, drainage facilities and utilities are not considered improvements for this purpose).

To qualify for the reduced rate, you or your representative may hand deliver, mail or fax a copy of the prior owner's policy of title insurance to the above address or fax number prior to closing, although we will accept the prior policy up to 5 working days after the closing date of your transaction.


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Privacy Information We Are Committed to Safeguarding Customer Information In order to better serve your needs now and in the future, we may ask you to provide us with certain information. We understand that you may be concerned about what we will do with such information - particularly any personal or financial information. We agree that you have a right to know how we will utilize the personal information you provide to us. Therefore, together with our subsidiaries we have adopted this Privacy Policy to govern the use and handling of your personal information. Applicability This Privacy Policy governs our use of the information that you provide to us. It does not govern the manner in which we may use information we have obtained from any other source, such as information obtained from a public record or from another person or entity. First American has also adopted broader guidelines that govern our use of personal information regardless of its source. First American calls these guidelines its Fair Information Values. Types of Information Depending upon which of our services you are utilizing, the types of nonpublic personal information that we may collect include:

• Information we receive from you on applications, forms and in other communications to us, whether in writing, in person, by telephone or any other means; • Information about your transactions with us, our affiliated companies, or others; and • Information we receive from a consumer reporting agency.

Use of Information We request information from you for our own legitimate business purposes and not for the benefit of any nonaffiliated party. Therefore, we will not release your information to nonaffiliated parties except: (1) as necessary for us to provide the product or service you have requested of us; or (2) as permitted by law. We may, however, store such information indefinitely, including the period after which any customer relationship has ceased. Such information may be used for any internal purpose, such as quality control efforts or customer analysis. We may also provide all of the types of nonpublic personal information listed above to one or more of our affiliated companies. Such affiliated companies include financial service providers, such as title insurers, property and casualty insurers, and trust and investment advisory companies, or companies involved in real estate services, such as appraisal companies, home warranty companies and escrow companies. Furthermore, we may also provide all the information we collect, as described above, to companies that perform marketing services on our behalf, on behalf of our affiliated companies or to other financial institutions with whom we or our affiliated companies have joint marketing agreements. Former Customers Even if you are no longer our customer, our Privacy Policy will continue to apply to you. Confidentiality and Security We will use our best efforts to ensure that no unauthorized parties have access to any of your information. We restrict access to nonpublic personal information about you to those individuals and entities who need to know that information to provide products or services to you. We will use our best efforts to train and oversee our employees and agents to ensure that your information will be handled responsibly and in accordance with this Privacy Policy and First American's Fair Information Values. We currently maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. Information Obtained Through Our Web Site First American Financial Corporation is sensitive to privacy issues on the Internet. We believe it is important you know how we treat the information about you we receive on the Internet. In general, you can visit First American or its affiliates’ Web sites on the World Wide Web without telling us who you are or revealing any information about yourself. Our Web servers collect the domain names, not the e-mail addresses, of visitors. This information is aggregated to measure the number of visits, average time spent on the site, pages viewed and similar information. First American uses this information to measure the use of our site and to develop ideas to improve the content of our site. There are times, however, when we may need information from you, such as your name and email address. When information is needed, we will use our best efforts to let you know at the time of collection how we will use the personal information. Usually, the personal information we collect is used only by us to respond to your inquiry, process an order or allow you to access specific account/profile information. If you choose to share any personal information with us, we will only use it in accordance with the policies outlined above. Business Relationships First American Financial Corporation's site and its affiliates' sites may contain links to other Web sites. While we try to link only to sites that share our high standards and respect for privacy, we are not responsible for the content or the privacy practices employed by other sites. Cookies Some of First American's Web sites may make use of "cookie" technology to measure site activity and to customize information to your personal tastes. A cookie is an element of data that a Web site can send to your browser, which may then store the cookie on your hard drive. FirstAm.com uses stored cookies. The goal of this technology is to better serve you when visiting our site, save you time when you are here and to provide you with a more meaningful and productive Web site experience. -------------------------------------------------------------------------------- Fair Information Values Fairness We consider consumer expectations about their privacy in all our businesses. We only offer products and services that assure a favorable balance between consumer benefits and consumer privacy. Public Record We believe that an open public record creates significant value for society, enhances consumer choice and creates consumer opportunity. We actively support an open public record and emphasize its importance and contribution to our economy. Use We believe we should behave responsibly when we use information about a consumer in our business. We will obey the laws governing the collection, use and dissemination of data. Accuracy We will take reasonable steps to help assure the accuracy of the data we collect, use and disseminate. Where possible, we will take reasonable steps to correct inaccurate information. When, as with the public record, we cannot correct inaccurate information, we will take all reasonable steps to assist consumers in identifying the source of the erroneous data so that the consumer can secure the required corrections. Education We endeavor to educate the users of our products and services, our employees and others in our industry about the importance of consumer privacy. We will instruct our employees on our fair information values and on the responsible collection and use of data. We will encourage others in our industry to collect and use information in a responsible manner. Security We will maintain appropriate facilities and systems to protect against unauthorized access to and corruption of the data we maintain. Form 50-PRIVACY (9/1/10) Page 1 of 1 Privacy Information (2001-2010 First American Financial Corporation)


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http://www.firstam.com/

Important Dates & Facts

Online Auction Ending Date: Tuesday, June 23, 2015

Online Auction Ending Time:

Preview: Contact Your Broker

Deposit:(Payable to

Escrow Agent)

10% deposit due via wire transfer to closing agent

Escrow Agent: Robert M. Chisholm, P.A.Closing Date:

(on or before)Tuesday, Jul 7, 2015

All bids for this property are required to be placed onlinethroughout the term of the auction. This online auction willemploy auto extend.

Concerning Conditions:Tranzon Driggers is acting as agent of the seller. Theauctioneer’s decision is final in the event of a dispute over anymatter. The auctioneer reserves the right to: (A) revoke thebidding privileges of any bidder at any time; (B) refuse any bidwhich is merely a fractional advance over the preceding bid; (C)postpone or cancel the auction, to withdraw the property fromauction and to change or alter the terms of the auction uponannouncement prior to or during the course of the auction,without prior notice; (D) auto-extend bidding for 2 mins. when abid is placed within 2 min. of scheduled closing time; (E) notaccept a highest bid as the successful bid due to Seller’s reservenot being met or for any other reason; and (F) waive, revise orotherwise amend any previously announced requirements.All announcements sent by email to the designated email addressof the registered bidders supersede any printed material or anyother statements made previously. The property is being sold in“as is, where is” condition, subject to “all faults.” You are urged tothoroughly inspect the property before submitting bids in theauction. The purchaser/buyer must rely on his/her owninformation, inspection of records and determination.

Concerning Terms:• Seller has the right to reject or accept high bid. High Bidder willbe notified if high bid has been accepted or rejected.• A 10% buyer’s premium will be added to the high bid and willbe included in the Full Purchase Price.• Successful High Bidder must immediately execute the Contractfor Purchase and Sale of Real Estate via a secure online documentsigning service and remit the deposit as indicated above.• Closing must be on or before the date indicated above.• Buyers should have all tests and inspections (including lead-based paint, if applicable) completed prior to placing bids in theauction.• Seller will provide title insurance and deed type specified in thecontract.• Buyer will be responsible for documentary stamps, recording thedeed, settlement fee, and any other disclosed costs associatedwith the transaction.• For complete terms, please review the Contract, and Terms andConditions for Timed Online Auctions for this property on Tranzon.com.

How to Bid:In order to place bids online in this event you must complete anonline registration process on the Tranzon website. Part of theregistration process includes registering a valid credit card in yourname. The credit card will not be charged, but a hold may beplaced on the credit card. If you have any questions regarding theregistration process, please review the Terms and Conditions forTimed Online Auctions on Tranzon.com.

Bidder Identity Verification:The identity of all bidders will be authenticated through the creditcard information provided during registration. Bidding rights areprovisional, and if complete verification is not possible, TranzonDriggers will terminate the registration, and bidding privileges willbe halted.At the conclusion of bidding, Successful High Bidder will benotified via telephone and/or email and will receive the Contractfor Purchase and Sale of Real Estate and instructions on how tocomplete the transaction.

Non-Compliance:A Non-Compliance Fee of $5,000 will be charged to yourregistered credit card IF you are the Successful High Bidder andfail to execute the Contract and/or deposit the required earnestfunds as indicated above. This Non-Compliance Fee is charged asa penalty for failing to abide by the agreed upon Terms &Conditions.

Broker Participation:Tranzon Driggers encourages cooperating brokerageparticipation with licensed real estate brokers.• A commission of two percent (2%) of the high bid will be paid atclosing by Tranzon Driggers to a buyer's broker who registersthe successful buyer who closes on the property. (No commissionwill be paid if the buyer fails to close).• Broker must register his/her client by email or fax with:

Tranzon DriggersEmail: [email protected]: 352.369.9295

• Completed registration must be received prior to the close ofthe online auction for the property. The form must be signedby both the broker and the client.• Registration must be on the Broker/Client Registration formprovided specifically for this auction property.• Brokers/agents acting as principals are not eligible forthis commission.• There can be NO EXCEPTIONS to this procedure.

Online Auction Opens:

3 pm ET

Prop#: DG843

within 24 hrs. of being notified as the successful bidder

Thursday, June 4, 2015 at 9 am ET


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RATES: Deed Doc. Stamps=$.70/$100 or portion thereof; Mortgage Doc. Stamps = $.35/$100 or portion thereof; Intangible Tax $.002/$1; Recording $10 1st page, $8.50 each additional page. Rev: 1-19-2015

Buyer acknowledges that this instrument has been read and signed before any Contract for Purchase and Sale of Real Estate referred to herein has been signed. Buyer understands the real estate broker, Tranzon DRIGGERS is working as agent for the seller named above and will receive a commission from the seller on this sale. RADON GAS: Radon is naturally occurring radioactive gas that, when it has accumulated in building in sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon that exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding radon and radon testing may be obtained from your county public health unit. If this purchase regards a single family home: ENERGY EFFICIENCY RATING: Pursuant to Florida Statutes section 553.96, Buyer may at his/her discretion have the energy efficiency rating of building being purchased determined. Any inspection rating determined shall be at Buyer’s expense. This purchase is NOT contingent upon the Buyer’s approval of the rating. Rating, if determined, shall be for Buyer’s information. Buyer acknowledges that this notice, was signed and a Department of Community Affairs brochure on the Florida Building Energy Efficiency Rating System, was received at the time of, or prior to, buyer signing the sales contract referenced above.

(x) 1. Documentary Stamps on Deed $.70/$100 or portion thereof(x) 2. Documentary Stamps on Note $.35/$100 or portion thereof(x) 3. Intangible Tax on New Note $.002/$1(x) 4. Proration of Taxes & HOA/COA Fees (if applicable) as of closing date(x) 5. Recording Deed $10 first page, $8.50 each

additional page(x) 6. Title Insurance/Closing Services(x) 7. Recording of Mortgage and Note(x) 8. Settlement Fee $675.00

( ) 9. HOA/COA Estoppel Fee/Transfer Fee/Mobile Home Title Transfer Fee (if applicable)

( ) 10. Title Insurance Policy Surcharge

At such time as the above-referenced transaction is closed, additional sums may be demanded from you as Buyer, in the form of closing costs. Listed below are the major closing cost items ordinarily found in a transaction and checked are those items which may be payable pursuant to the contract which you are about to sign. Dollars amounts, if shown, are approximate. Final figures will be compiled by the closing agent.

REAL PROPERTY SALES DISCLOSURE

To: _____________________________________________________________, BUYER of that certain parcel described as follows, to wit: Property: DG843

SELLER:

AGENT: Tranzon DRIGGERS, Licensed Real Estate Broker

Dated this 23rd day of June , 2015

BUYER(S):

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DG

CONTRACT FOR PURCHASE AND SALE OF REAL ESTATE

TRANZON DRIGGERS, as Agent for________________________________________ hereinafter called the “Seller,” hereby acknowledges the successful bidder, hereinafter called the “Buyer,” to be:

Name:

Address:

Phone: Email:

for the purchase of the property identified as Auction Property DG , legally described on Exhibit A, attached and made a part hereof, together with all improvements thereon, hereinafter called “Property”, upon the conditions and terms as follows:

Purchase price calculated as:High Bid: $Buyer’s Premium: $Full Purchase Price: $Deposit: $ due via wire transfer within 24 hrs. of being notified as the

successful bidder, which shall apply as part of the Full Purchase Price and shall be held in escrow pending closing of this transaction by Robert M. Chisholm, P.A., “Escrow Agent.”Escrow Agent address and contact information:

4921 SW 74th Court, Miami, FL 33155 Contact: Robert Chisholm Phone number: 305-667-4261 & Email: [email protected]

1. Prior to the closing of this transaction, the Seller shall have issued, by a reputable Title Insurance Company, a commitment for title insurance agreeing to insure marketable title to Property and upon closing the Seller shall purchase and deliver to the Buyer a title insurance policy on the real property covered hereunder in the amount of the Full Purchase Price, after all necessary instruments, are filed of record. In the event the title shall be proven to be unmarketable, the Seller shall have a period of 45 days after notification thereof within which to cure defects in title (“Curative Period”), and this sale shall be closed within 10 days after notice that the title defects are cured. Upon Seller's failure to correct unmarketability within the time specified after exercising reasonable diligence, at Buyer’s option, the earnest money deposit shall be returned to the Buyer and neither party shall have any further obligations to the other hereunder or Buyer may waive Buyer’s objection to the title and close with the title “As Is.” Buyer shall make the election in writing within five (5) days from the expiration of the Curative Period, failing which the earnest money deposit shall be returned to the Buyer and neither party shall have any further obligations to the other hereunder.

2. Subject to the aforesaid Curative Period, this sale shall be closed on or before July 7, 2015, time being of the essence.

3. Seller agrees to convey title to the Property to the Buyer at closing by Special Warranty Deed, free and clear of all encumbrances, assessments or liens except: 2015 and subsequent years property taxes, code violations, easements and reservations of record, and covenants and restrictions of record, and mineral reservations, if any, without right of entry.

4. DISCLOSURES:(a) RADON GAS: Radon is a naturally occurring radioactive gas that, when it is accumulated in a building in

sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon that exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding radon and radon testing may be obtained from your county health department.

(b) MOLD: Mold is naturally occurring and may cause health risks or damage to property. If Buyer is concerned or desires additional information regarding mold, Buyer should contact an appropriate professional.

(c) ENERGY BROCHURE: Buyer acknowledges receipt of Florida Energy-Efficiency Rating Information Brochure required by Section 553.996, F.S.

(d) LEAD-BASED PAINT: If Property includes pre-1978 residential housing, a lead-based paint rider is mandatory.

REV. 2/27/14 Buyer’s Initials ______ Seller’s Initials ______

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Contract for Purchase and Sale of Real Estate, page � of � DG2 4

(e) HOMEOWNERS’ ASSOCIATION/COMMUNITY DISCLOSURE: BUYER SHOULD NOT EXECUTE THIS CONTRACT UNTIL BUYER HAS RECEIVED AND READ THE HOMEOWNERS’ ASSOCIATION/COMMUNITY DISCLOSURE, IF APPLICABLE.

(f) PROPERTY TAX DISCLOSURE SUMMARY: BUYER SHALL NOT RELY ON THE SELLER’S CURRENT PROPERTY TAXES AS THE AMOUNT OF PROPERTY TAXES THAT THE BUYER MAY BE OBLIGATED TO PAY IN THE YEAR SUBSEQUENT TO PURCHASE. A CHANGE OF OWNERSHIP OR PROPERTY IMPROVEMENTS TRIGGERS REASSESSMENTS OF THE PROPERTY THAT COULD RESULT IN HIGHER PROPERTY TAXES. IF YOU HAVE ANY QUESTIONS CONCERNING VALUATION, CONTACT THE COUNTY PROPERTY APPRAISER’S OFFICE FOR INFORMATION.

(g) TAX WITHHOLDING: If Seller is a “Foreign Person” as defined by the Foreign Investment in Real Property Tax Act (“FIRPTA”), Buyer and Seller will comply with FIRPTA, which may require Seller to provide additional cash at Closing.

5. The Buyer shall be responsible for required documentary stamps, settlement fee and transfer fees/taxes as well as expense of recording the deed. Taxes and other assessments and adjustments shall be prorated as of date of closing.

6. The Seller agrees to pay said Agent according to the terms of the Exclusive Real Estate Auction Agreement existing between them, at the time of closing this transaction. Broker may claim a lien against the net proceeds due Seller for its brokerage commission in accordance with the Florida Commercial Real Estate Sales Commission Lien Act. If the Buyer fails to perform this contract within the time herein specified, time being of the essence in this agreement, the deposit made by the Buyer shall be forfeited, and the amount of such deposit shall be divided equally between the Agent and the Seller, after paying out of such deposit any expense of the transaction incurred by either; provided, however, that the amount received or retained by the Agent shall not exceed the full amount of said commission, and any excess shall be paid to the Seller. If the transaction shall not be closed because of the refusal or inability of the Seller to perform, then the Seller shall pay said commission to the Agent on demand. Failure or refusal of a spouse of Seller or Buyer to execute deed or mortgage required hereunder shall be deemed default on the part of such Seller or Buyer.

7. If the improvements are damaged by fire or other casualty before the closing hereunder and can be restored to substantially the same condition as now exists through the use of applicable insurance coverage, if any, within a period of 90 days thereafter, the Seller shall so restore the improvements and the closing date herein above set shall be extended accordingly, but if not covered by insurance or such restoration is not completed after exercise of reasonable diligence within that time this contract may be cancelled by either party and neither shall have any further obligations to the other hereunder.

8. The Words Agent, Buyer, and Seller herein employed shall include their heirs, administrators, executors and successors, and said words, and any pronouns relative thereto, shall include the masculine, feminine and neuter gender, and the singular and plural number, wherever the context so admits or requires.

9. This Contract shall become effective when signed by the Buyer and Seller. If not signed by all parties on or before June 12, 2015, any monies deposited by the Buyer shall be refunded and neither party shall have any further obligations to the other hereunder.

10. The Buyer may, prior to closing date, have the property surveyed at his expense. Sale of property shall not be contingent on results of any surveys or inspections and Buyer agrees property is being sold on an “AS-IS, WHERE-IS” basis.

11. Buyer acknowledges he has not relied upon Broker’s or Seller’s estimate of square footage of property. Square footage is approximate and may have been provided by third party sources. If square footage is of concern to the Buyer, the Buyer is advised to personally measure the property.

12. Buyer is advised to verify schools zones and possible school and grade level caps through the local school board.

13. Due to the unpredictable and constantly changing status of the municipal, county and state regulations of property development, the Seller and Agent involved in this transaction have found it necessary to clarify their duties and obligations with regard to the sale or lease of the property. The Buyer recognizes that the City and/or County where the property is located has a Comprehensive Land Use Plan. It is the Buyer’s obligation to contact the appropriate local government department(s) to determine how the subject property may be affected by the Comprehensive Plan and take any necessary action to ensure compliance with the plan. Additionally, the subject property may be affected by restrictive covenants, zoning, and/or other land use restrictions. If so, it shall be the Buyer’s responsibility to inquire about them in no less a degree than as hereinafter provided. Buyer is hereby advised that it is the Buyer’s responsibility to determine whether or not the subject property lies within the City or only the County. Both may have separate zoning and/or land use


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regulations, which would affect the subject property. It shall also be the Buyer’s sole responsibility to inquire about any state and local governmental zoning and land use regulations and restrictive covenants to determine whether the subject property is in compliance with all state and local government laws, codes and ordinances, and restrictive covenants. The Buyer understands that the Seller and the Agent make no representations as to whether the subject property is suitable for any particular use and that the Buyer shall be solely obligated to make any and all necessary inquiries with the appropriate governing bodies to determine compliance with all applicable zoning, land use regulations, and restrictive covenants. The Buyer further releases the Seller and the Agent for any statements or comments made in relation to the potential use of the subject property.

14. The Buyer may be responsible for the maintenance of roads and related drainage, if any, serving this property, and unless there is an ownership interest in such roads and related drainage by governmental authorities, said governmental authority shall have no responsibility for such maintenance.

15. The Buyer has personally inspected this property and acknowledges that by entering into this contract Buyer is agreeing to accept the property in its "AS IS, WHERE IS" condition, WITH ALL FAULTS and releases Seller and Agent from any and all liability relating to any defect or deficiency affecting said Property, said release shall survive the closing of this transaction.

16. This Contract is not contingent upon the Buyer obtaining financing. 17. This Contract may not be assigned without the written consent of the Seller.18. TRANZON DRIGGERS conducts business in accordance with the Fair Housing Act and does not discriminate

against any person or entity on the basis of race, color, religion, sex, familial status, or national origin.19. No agreements, unless incorporated in this Contract shall be binding upon the Agent, Buyer, or Seller. 20. In connection with any litigation arising out of this Contract including Agent's rights hereunder, the prevailing

party shall be entitled to court costs and reasonable attorney fees. The parties specifically waive trial by jury. Unless otherwise agreed in writing, venue shall be in Marion County, Florida.

21. This Contract may be executed in a number of identical counterparts. If so executed, each of such counterparts is to be deemed an original for all purposes. A facsimile copy of the contract shall be deemed an original for all purposes.

22. Addendum _____ attached and made a part hereof or no addendum attached .

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT.

IF NOT FULLY UNDERSTOOD, SEEK THE ADVICE OF AN ATTORNEY PRIOR TO SIGNING.

ABOVE OFFER HEREBY CONFIRMED AND AGREED TO BY THE UNDERSIGNED

DATE BUYER

BUYER

DATE SELLER

authorized signer

SELLER


X

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EXHIBIT A

TO BE PROVIDED


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Property Information Package - Property For Sale · Will sell over $1,000 minimum bid 2,827± sf...

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Transcript of Property Information Package - Property For Sale · Will sell over $1,000 minimum bid 2,827± sf...