475 Thomas Road, Tuscumbia, AL 35674
$145,000
Starting Bid
BidProwl Summary
This is a residential property in Tuscumbia, Alabama being sold as-is with no contingencies, offered at a discount in a HUD Second Chance auction after failing to sell at foreclosure. Investors, landlords, and owner-occupants buy these properties for rental income, flips, or primary residence, betting on below-market pricing despite the property's history. Verify all UCC liens on record before bidding, get a title estimate from a local attorney given the quit claim versus special warranty deed condition, and confirm you can close within 30 days and obtain possession independently.
AI summary of the seller's listing; it may occasionally contain inaccuracies. Check the full description and inspect before bidding.
Description from Auction Network
SPECIAL NOTES:
Seller to pay Taxes, HOA, and Municipal/Utility Liens.
Buyer will be responsible for the payment of all UCC liens of record on the property.
Bids below the reserve may be presented to the seller for consideration.
Please read the Williams and Williams disclaimers carefully before placing a bid or submitting an offer.
Buyer will not be charged a Buyers Premium or Auction Service Fee.
Buyers Agents Welcome: Please Contact for Commission Scale.
Buyer is responsible for all escrow and closing fees typically ranging from $750-$3000. It is the Buyers responsibility to contact a local title agency or real estate attorney for a property specific estimate prior to placing a bid.
Closing must occur on or before 30 days from sellers acceptance of offer.
Buyer is responsible for obtaining possession of the property after closing.
The property is being offered As-Is, Where-Is, without any contingencies.
Seller will agree to transfer title via Special Warranty Deed (or jurisdictional equivalent) if buyer secures title insurance, at buyers expense, without delaying the closing date. If buyer does not purchase title insurance, Seller will transfer the property via quit claim deed (or jurisdictional equivalent).
This is a HUD Second Chance home auction. Second Chance means it did not sell to a new homeowner at the Foreclosure Auction. During this Second Chance auction period, Seller advises the home is discounted below Sellers appraised value. This is a limited time opportunity.
