TERMS: The successful high bidder on this property will be required to sign the Real Estate Purchase Agreement immediately upon conclusion of the bidding and will make an earnest money deposit of 10% of the bid or $1,000.00, whichever is greater. A 10% buyer's premium will be added to the high bid to establish the total sales contract price. The balance is to be paid in full at closing. The contract will not be contingent upon financing. If property is residential and applicable, the Buyer will sign a Lead-Based Paint Inspection Waiver as part of the sales contract and the sale will be exempt from the Tennessee Residential Property Disclosure. SALE IS SUBJECT TO APPROVAL BY Loudon County Surplus Property Authority. In no event shall the Loudon County Tn or Powell Auction & Realty, LLC be liable for any indirect, incidental, consequential, special or exemplary damages or lost profits, even if the County of Loudon has been advised of the possibility of such damages. REAL ESTATE TAXES START AT CLOSING FOR BUYER. Quit Claim Deed closing will take place within 30-60 days from the County approval. Buyer will be advised as to the day and location of closing. Loudon County Procurement Department will be conducting the closings. Seller to furnish a QUIT CLAIM DEED only. Buyer is responsible for the cost of recording the deed. BUYER UNDERSTANDS AND ACKNOWLEDGES THAT THE PROPERTIES WERE ACQUIRED BY THE COUNTY OF LOUDON FROM A TAX SALE AND TITLE INSURANCE WILL NOT BE AVAILABLE.
ONLINE AUCTION TERMS: Thank you for participating in this Powell Auction & Realty LLC Online Auction. It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding.
Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid snipping. Powell Auction & Realty LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed, after the auction has ended. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC.
All properties are sold "AS IS, WHERE IS and WITH ALL FAULTS", without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder's behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding.

12 Properties Being Sold online only Loudon County Surplus Property Auction Bidding Opening October 15 10am Bidding Closing October 29 12 Noon Lot 1 Broadway west Parcel I'd 026BE005.00 Vacant Lot Lot 2 Parcel ID 15 186.00 436 Square Feet Lot 3 609 Town Creek Circle Lenior City Parcel ID 020CA017.00 Home Lot 4 734 Highland Ave Loudon Parcel ID 040EB060.00 1.37 Acres Lot 5 Oakland Road Parcel ID 063 038.00 Lot 6 Browder Hollow Road Parcel ID 020 080.04 Lot 7 Highway 95 S Parcel ID 070LI008.00 Vacant Lot Lot 8 Rawhide Trail Parcel ID 016GB028.00 Vacant Lot Lot 9 350 Kagley Drive Lenior City Parcel ID 020DD010.00 Mobile Home Lot 10 701 Town Creek Circle Lenior City Parcel ID 020CA018.00 Lot 11 10557 Vonore Road Loudon Tn Parcel ID 049 091.00 Home Lot 12 122 Rawhide Trail Lenoir City Parcel ID 016GB032.00