5955 Spring Creek Rd, Castalia, NC 27816
$185,000
Starting Bid
BidProwl Summary
This is a occupied residential property in Castalia, NC being sold as-is with no financing contingency, seller covering taxes and HOA but buyer responsible for UCC liens. Typically owner-occupants, local investors, and fix-and-flip operators bid on HUD second chance homes looking for discounted entry points below appraised value. Before bidding, verify all UCC liens on record, get a title search and closing cost estimate from a local attorney since you cannot inspect the property pre-closing, and confirm the 30-day closing timeline works for your financing and due diligence.
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
This transaction is NOT contingent on financing.
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.
The subject property is reported to be Occupied. Buyers will not be permitted to access the property prior to closing.
Buyer will not be charged a Buyers Premium or Auction Service Fee
Buyer 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 didnt 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
