313± Acres Lone Star BANKRUPTCY Oldham County TX

Brief Description

Development Property in Wildorado Texas

THIS PROPERTY IS BEING SOLD BY ORDER OF THE U.S. BANKRUPTCY COURT SOUTHERN DISTRICT OF TEXAS CASE NO. 15-20046-RLJ12  JERRY ARTHO/DBA ARTHO CATTLE

Auction Schedule 

Live Off-Site Auction
Began: Friday, August 14, 2015 at 10:00 AM CDT

Location
Wyndham Garden Amarillo, 3100 I-40, Amarillo, TX 79102

Terms:

10% Down Day of Sale

10% Buyer’s Premium

45 Days to Close

In order for an entity or individual to become a Qualified Bidder on the date of the sale, such entity or person must obtain a bidder’s number by delivering a $10,000 check made payable to the Mullin, Hoard & Brown, LLP IOLTA Account.  Check shall be refundable to the Qualified Bidder unless such entity or individual becomes a successful high bidder on a particular parcel and such amount becomes the Auction Bid Price on that parcel.  In such event, a ten percent (10%) buyer’s premium shall be calculated on the Auction Bid Price, and added to the Auction Bid Price, and such sum shall become the Contract Purchase Price.  The $10,000 paid by the winning Qualified Bidder to obtain the bidder’s number shall be credited against the amount of earnest money required to hold the sale.

Details:
Residential Development Potential.  Oldham County Popular Wildorado ISD bond issue passed to build new K-12 school less than 1 mile to the south.  Home/stock electric sub and stock tank.  Fences are new, upgraded and improved.  All solar, wind and  water rights convey to the buyers.  Seller reserves all oil, gas, and other mineral rights.