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Notice of AS IS Real Estate Auction
Property Location:
Units 185 and 186, of SANCTUARY OF BRADENTON, a Condominium, (the “Units”), according to Declaration of Condominium thereof as recorded in Official Records Book 2071 at page 4867 of the Public Records of Manatee County, Florida, now known as ARBOR OAKS OF BRADENTON, a Condominium, according to the Amended and Restated Declaration of Condominium thereof as recorded in Official Records Book 2639 at pages 1522-1585 of the Public Records of Manatee County, Florida
5400 26th Street West
Bradenton, FL 34207
Auction Date: Wednesday, October 19, 2016
Time: 1:00 p.m.
Place of Auction: Arbor Oaks of Bradenton Clubhouse
5400 26th Street West
Bradenton, FL 34207
Auction Call in Number:
(678) 553-2800
ID: 6276
Passcode: 590
Auction Conducted by Arbor Oaks of Bradenton Condominium Association, Inc., f/k/a Sanctuary of Bradenton Condominium Association., Inc. (“Association”), the owner of the Units
The Association owns both Units pursuant to 2013 lien foreclosure judgment on each unit under Case No.: 2012-CA-8279 (Unit 185) and 2012-CA-8278 (Unit 186), Manatee County, Florida (the “Foreclosures”). The Units are offered for sale together as a single sale. Each unit is a 1/1, approximately 750 square feet. The Units are each subject to a First Mortgage in the original principal amount of $89,500 and a Second Mortgage in the amount of $11,190. The balance of mortgages is unknown and the sale will be subject such mortgages, which mortgages may provide for acceleration of the balances due thereunder upon sale or other transfer of the Units. The sale is also subject to any and all outstanding real estate taxes (which may or may not be delinquent) and all other encumbrances, of record or otherwise. Real estate taxes will not be prorated. Units are unoccupied and need rehabilitation, the cost of which is unknown. A minimum bid of $2,500 is required which will satisfy all outstanding regular and special assessments due to the Association for both Units. The Units may be purchased for investment purposes but renters and leases are subject to Association approval. Prospective bidders are encouraged to perform their own research on the Units and review the Foreclosure case files at the office of the Clerk of the Circuit Court, Manatee County, Florida. The Association offers no warranties of title, will not provide evidence to title other than copies of its Certificates of Title issued pursuant to the Foreclosures, and will transfer title by quitclaim deed to the purchaser upon payment of all amounts due, including payment of required documentary stamps and recording fee for the deed. This auction is with reserve. . The successful bidder is required to make a non-refundable deposit to the Association of $1,000 in cash, by cashier's check, a trust account check issued by an attorneys licensed to practice law in the State of Florida or by wire transfer by 5:00 p.m. on the day of the auction. Failure to make such payment will entitle the Association to reject the bid and award the units to the next highest bidder who will be notified and will be provided four (4) hours from such notification to make the required deposit. The highest bidder shall pay the balance of its bid, and applicable Florida documentary stamp tax and the recording fee by wire transfer to the Association's settlement agent not later than five (5) business days after the close of the auction. Failure to tender the balance of the settlement sums due at the time required, including documentary stamps and recording fees, will result in a forfeiture of the deposit and will result in an award of the units to the next highest bidder under the same terms.
Any bidder intending to bid, whether in person or via phone must contact the Association's management office no later than 11:00 on October 19, 2016 to obtain a bidder identification number. (941) 727-6900. At the time of the auction, all telephonic bidders must announce their presence by bidder number on the telephone conference line by 12:55 before the 1:00 p.m. auction start time.
4820-5868-1402, v. 1
October 14, 2016 16-01373M