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Auction Property. 4262 Lori Loop, Seminole County, Winter Springs, FL 32078
The listing price is just the assessed value NOT the actual listing price.
Residential Properties ($50, 000 deposit per parcel to bid)
Under renovation; 7 bed/ 7 bath pool home with 1 bed/1 bath detached apartment; 3, 950 sq ft corner lot; Built in 2001; new roof 2018; Willow Run Subdivision
Zoned: R-1AA; Single family residential
Parcel ID: 24-21-30-504-0000-0360
Major Renovations started-Studs and plumbing placed
2024 Taxes due of approx. $11, 213. 29 (to be paid by buyer)
2025 Taxes due of approx. $10, 867. 72 (to be paid by buyer)
This auction is part of a U. S. Bankruptcy Auction.
Terms and Conditions:
The Real Estate is selling pursuant to an Order in the US Bankruptcy Court.
All sales are subject to Trustee and/or US Bankruptcy Court Approval.
The Real Estate is being sold on an “AS IS, WHERE IS” BASIS, with no warranties of any kind, express, implied or otherwise.
All sales are subject to a 10% Buyer’s Premium; the Bid Price plus the Buyer’s Premium equals the Contract Price.
A cash deposit or cashier’s check of $50, 000 MUST be deposited into escrow to able to bid at the auction on the real estate.
A total of a 10% of the purchase price, or the above deposit, whichever is greater, will be collected on the day following the auction (as appropriate) and deposited into escrow pending the closing.
Deposits will become NON-Refundable once you are declared the high bidder, given that the Sale is approved by the US Bankruptcy Court.
Closing will take place within 14 days of the Order Approving the Sale at the auction. Not closing within the allotted time frame will result in the 10% deposit being forfeited to the Seller as liquidated damages.
ALL taxes, both current and delinquent and thereafter, will be paid by the BUYER.
BUYER will pay ALL closing costs.
There are NO contingencies to closing; this includes inspections, financing or otherwise.
Possession is with Trustee’s Deed.
Inspection will be by appointment only.
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Our Executive Mortgage Banker:
Our Insurance Division:
$581,314
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $465,051 | $465,051 | $465,051 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.603% | 5.952% |
| Monthly Tax Payment | $843 | $843 | $843 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,785 | $2,936 | $3,862 |
| Total Monthly Payment | $3,720 | $3,871 | $4,797 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.