Estate auction definition

Estate auction means the auction of real or personal property of a deceased person.
Sample 1Sample 2Sample 3
Estate auction means the sale at auction of property of a specified deceased person or the property of a specified living person’s estate. Estate auctions may contain property other than that of the specified living or deceased person. However, the inclusion of additional property must be included in all advertising and auction announcements.
Sample 1Sample 2Sample 3
Estate auction means the auction of real or personal 58
Sample 1Sample 2Sample 3

Examples of Estate auction in a sentence

  • Winning bidder hereby agrees to enter into the Real Estate Auction Purchase Contract which has been approved by the Seller, immediately upon being declared the Successful Bidder by the Auctioneer.

  • The agreement to accept Bidder's participation by telephone or electronic messaging in the herein identified Real Estate Auction is subject to the following terms and conditions.

  • Upon the close of the auction the winning bidder will be forwarded via email a Real Estate Auction Purchase Contract to purchase the property.

  • TERMS AND CONDITIONS OF SALE: This Property is being sold “AS IS, WHERE IS.” Xxxxx agrees to comply with all Terms and Conditions of Sale and acknowledges receipt and understanding of the Sealed Bid Real Estate Auction Bidder Packet prior to bidding.

  • In the event the Purchaser defaults and the Xxxxxxx Money is forfeited, the Xxxxxxx Money plus accrued interest less reasonable costs of collection shall be paid as described in the Exclusive Real Estate Auction Agreement between Seller and Broker.

  • Seller shall cause to be paid a broker's commission to Hilco Real Estate, LLC (hereinafter referred to as “Seller’s Broker”) in accordance with its Exclusive Real Estate Auction Agreement, and Hilco Real Estate, LLC will pay (hereinafter referred to as “Purchaser’s Broker”) an amount equal to two (2%) of the Purchase Price.

  • However, if I fail or otherwise refuse to close the transaction contemplated by the Contract by 5:00pm on Friday, January 17, 2020, through no fault on the part of the Seller, then I authorize and irrevocably instruct the Closing Agent to disburse my deposit as required under paragraph 3 of the Real Estate Auction Sales Contract, and acknowledge that in such event, the Closing Agent will rely upon my foregoing authorization and instruction to do so.

  • The terms and conditions of sale set forth in the Real Estate Auction Bidder Terms & Agreement are incorporated herein by reference and shall continue to apply unless inconsistent with a provision of this Contract and, in the case of inconsistent provisions, then those set forth in this Contract shall apply.

  • In so doing, the parties affirm they have read and fully understand and accept all terms con- tained in the foregoing Real Estate Auction Sale Contract and further acknowledge receipt of a signed copy of same.

  • Seller shall cause to be paid a broker's commission to Hilco Real Estate, LLC (hereinafter referred to as “Seller’s Broker”) in accordance with its Exclusive Real Estate Auction Agreement, and Hilco Real Estate, LLC will pay (hereinafter referred to as “Buyer’s Broker”) an amount equal to ( %) of the Purchase Price.


More Definitions of Estate auction

Estate auction. The sale of property left by a person at his/her death. An estate auction can involve the sale of personal and/or real property. “Grading” The process for determining the physical condition of an item. Different items have different grading systems.
Sample 1Sample 2
Estate auction means the auction of real or personal 69
Sample 1Sample 2
Estate auction means the sale at auction of property of a specified deceased person or the property of a specified living person’s estate.
Sample 1Sample 2
Estate auction means the auction of real or personal 72
Sample 1
Estate auction means the auction of real or personal 66
Sample 1

Related to Estate auction

  • Residential property means improved property that:-

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • Custodial property means an interest in property transferred to a custodian under this act and the income from, and proceeds of, that interest in property.

  • Leasehold interest means the interest of the lessor or the lessee under a lease contract.

  • Leasehold of any Person shall mean all of the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Real Property Interests means all interests in Owned Real Property and Leased Real Property, including fee estates, leaseholds and subleaseholds, purchase options, easements, licenses, rights to access, and rights of way, and all buildings and other improvements thereon and appurtenant thereto, owned or held by Sellers that are used in the business or operations of the Stations, together with any additions, substitutions and replacements thereof and thereto between the date of this Agreement and the Closing Date, but excluding the Excluded Real Property Interests.

  • Leasehold Estate means Borrower’s interest in the Land and any other real property leased by Borrower pursuant to the Ground Lease, if applicable, including all of the following:

  • Residence in foreclosure or “affected residence” means residential real property consisting of one to four family dwelling units, one of which the owner occupies as the owner’s principal place of residence, where a delinquency or default on any loan payment or debt is secured by or attached to the residential real property including but not limited to contract for deed payments, real estate contracts, or real estate taxes.

  • Residential Dwelling Any one of the following: (i) a detached one-family dwelling, (ii) a detached two- to four-family dwelling, (iii) a one-family dwelling unit in a Xxxxxx Xxx eligible condominium project, (iv) a manufactured home, or (v) a detached one-family dwelling in a planned unit development, none of which is a co-operative or mobile home.

  • Leasehold Mortgage means any leasehold deed of trust, mortgage, deed to secure debt, assignment of leases and rents, assignment, security agreement, or other security document securing financing from a lender of Tenant and encumbering Tenant’s leasehold interest in any Demised Property.

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Material Real Estate Asset means (i) any fee-owned Real Estate Asset having a fair market value in excess of $2,500,000 as of the date of the acquisition thereof or (ii) any Real Estate Asset that the Required Lenders have determined is material to the business, general affairs, assets, liabilities, operations, management, condition (financial or otherwise), stockholders’ equity, results of operations or value of any Loan Party or any Subsidiary thereof, including the Borrower.

  • Industrial Property – means property used for construction, repair, trade or manufacturing, production, assembly or processing of finished or partially finished products from raw materials or fabricated parts on such a large scale that capital and labour are significantly involved, and includes any office or other accommodation on the same property, the use of which is incidental to such activity;

  • Leasehold condominium means a condominium in which all or a portion of the real estate is subject to a lease the expiration or termination of which will terminate the condominium or reduce its size.

  • College property means any property owned, leased, or controlled by a member college of the Virginia Community College System and the administrative office of the Virginia Community College System.