2598 Cumberland Falls HWY, Corbin, KY 40701
Auction Date: Wednesday, June 2, 2021 @ 12 p.m.
Prime commercial Real Estate in Whitley County sitting on .74 Acres!
No Buyer’s Premium- This auction is in conjunction with the Whitley County Master Commissioner
The Real Estate should be sold on the terms of (10%) cash at the time of sale and balance on credit of thirty (30) days bearing interest at the rate of six percent (6%) per annum from the date of sale until the purchase price is paid in full. The successful bidder, however, has the right to pay the entire purchase price in cash at the conclusion of the sale. In the event the entire purchase price is not paid in full at the conclusion of the sale, a bond in favor of the Master Commissioner, with good surety approved by the Master Commissioner, will be executed by the successful bidder at the time of the sale in order to secure the remaining balance of the purchase price. If the successful bidder fails to pay the ten percent (10%) deposit, execute the previous.
****YOU MUST SEND AN EMAIL TO INFO@NOELAUCTIONEERS.COM NO LATER THAN 5 P.M. MONDAY, MAY 31, 2021 CONTAINING A LETTER OF GOOD STANDING OR PRE APPROVAL LETTER FROM A KENTUCKY LENDING INSTITUTION. IN ORDER TO BE APPROVED TO BID ONLINE YOU MUST ALSO SEND A CASHIERS CHECK OF $50,000 ON OR BEFORE MONDAY, MAY 31, 2021 BEFORE 5 PM TO BE HELD AS GOOD FAITH BY DANIEL H. MILLER, ATTORNEY . IF YOU ARE DEEMED THE WINNING BIDDER, THAT GOOD FAITH DEPOSIT WILL GO TOWARD YOUR 10% NON-REFUNDABLE DOWN PAYMENT ON THE REAL ESTATE. IF YOU ARE NOT THE WINNING BIDDER, THE MONEY WILL BE RELEASED AND SENT TO YOUR ACCOUNT NO LATER THAN FRIDAY, JUNE 4, BEFORE 5PM.****