2888 Mercer Dr Memphis, TN 38127

Property is being sold in an as is condition, and the condition is unknown and may include defects, possible health or safety hazards, or debris, or be located in a Special Flood Hazard Area. Proof of Funds Required. The seller requires that the high bidder be able to demonstrate proof of funds or financing pre-qualification within 24 hours of the auction. Buyer must obtain a pre-qualification letter from a lender of their choice. If buyer intends to pay with cash, a bank letter or other financial account statement showing proof of sufficient funds to cover 100% of the purchase price will be required (account numbers should be removed or redacted). Buyer understands and agrees to submit said documentation to auctioneer within 24 hours of the auction. Buyer understands and acknowledges that square footage, acreage, and/or bedroom and bathroom count for the building sited on the property is based on an appraisal or county assessor information. Buyer further understands and acknowledges that measurements/acreage/count can vary from a few feet to several hundred feet regardless of source (County Assessor's records, appraisal, or appraisal measurement report, etc.) and that said sources may contain erroneous information or measurements/acreage/count. Buyer should conduct their own investigation and satisfy that the size and/or square footage, acreage, and bedroom/bathroom count of the dwelling/building is acceptable to the Buyer prior to placing any bid or offer on a property. By placing a bid or offer on a property, Buyer is accepting the property in as-is where-is condition and agrees to be bound to the bid or offer should a discrepancy arise. Occupation and Utilities Disclosure. To the best of Seller's knowledge, the property is occupied. The Buyer accepts responsibility for any necessary eviction, lease/rental negotiations, or other remediation to clarify the legal occupancy status. The Buyer further agrees to hold the Seller, Williams & Williams, and its agents harmless from any and all consequences and costs, including attorney's fees, arising from the occupancy status. The Buyer also acknowledges and understands that the utilities for the property have not been disconnected. The Buyer accepts responsibility for payment of all utilities consumed and used by the tenants. The Buyer shall be solely responsible for any collection or reimbursement of utility payments from the tenants. The Buyer will be responsible for the payment of all UCC Liens of Record on the property and the clearance from the title commitment of the lien if so required. On this Second Chance property the foreclosure deed may not yet be recorded. Seller will make every reasonable effort to ensure the deed is filed of record as soon as possible.