Auction Terms

Guaranteed Deposit

In order to bid at the auction, you must register at the time of the auction and tender, by a bank cashier’s check of immediately available federal funds, One Hundred and Fifty Thousand Dollars ($150,000.00) (“Initial Deposit”), (made payable to Traiman Auctions LLC).

If you are the winning bidder a total deposit of 15% of the high bid is due at knockdown, which includes the $150,000.00 by business or personal check for the balance. If the total deposit required does not exceed the $150,000.00 the excess amount will be applied towards settlement.

Settlement

On or before December 4, 2026.

Sample Agreement of Sale

A sample of the Agreement of Sale is available for review under a confidentiality agreement. Request confidentiality agreement. The high bidder is required to sign the Agreement of Sale at the conclusion of the auction on auction day.

Title Report and Deed

The Title Report and Deeds are available for review under a confidentiality agreement. Request confidentiality agreement.

Due Diligence

Buyers are responsible to conduct their own due diligence research on the property and are not to rely on any information provided by the seller, Traiman, or their representatives. Traiman and seller are not responsible for errors, deletions or any other misstatements of facts found in any advertising. If you find any discrepancies in any of the materials about the properties we would like you to inform us days in advance of the auction to give us time to confirm the differences. View property information.

Condition of Property

All properties and structures are being sold AS IS, WHERE IS, WITH ALL FAULTS.

2% Buyer-Broker Commission Available

A commission of two percent (2%) of the high bid price will be paid to a licensed Real Estate Broker, whose Agent represents the successful bidder, upon completion of final settlement and disbursement of the funds, subject to possible commission adjustments prior to or at settlement. To qualify for this commission, you must have introduced your prospect to the property, accompany them each time they visit the property and accompany them to the Auction. You the Agent must complete the Registration Form.

Bid Rigging is a Felony

Section 1 of the Sherman Act (15 U.S.C. § 1) prohibits bid rigging agreements among competitors if they affect or restrain interstate commerce. Upon conviction, individuals are subject to a maximum fine of $250,000 and/or three years imprisonment. Corporations are subject to a maximum fine of at least $1 million.

Disclaimers

The information used for the advertising of this property may not be accurate. Measurements, acreages, dimensions, figures and drawings are approximate. Interested parties must do their own research prior to the auction and are not to rely on any information provided by the seller, the auction company, or their representatives. Announcements made at the auction and the final Agreement of Sale take precedence over any advertising or oral or written announcements. Auctioneer represents the seller, not the buyer. Auctioneer reserves the right to determine the bidding increments. The seller reserves the right to withdraw the property prior to the start of the bidding. Property may be sold prior to the auction.

DISCLAIMER OF ACCURACY & COMPLETENESS OF THIRD-PARTY DOCUMENTS: All documents, reports, surveys, maps, engineering studies, and other informational materials (collectively, the “Information”) provided by the Seller or Auctioneer are for informational purposes only. The Seller and Auctioneer make no representations, warranties, or guarantees, express or implied, regarding the accuracy, completeness, correctness, or reliability of any information contained therein. The Information has been prepared by third parties and has not been independently verified by the Seller. Bidders are expressly advised not to rely solely on this Information and must conduct their own independent due diligence, inspections, and verifications prior to bidding. The property/item is sold strictly “AS IS, WHERE IS, WITH ALL FAULTS.”

REGULATORY AND THIRD-PARTY DOCUMENT DISCLAIMER: Bidders are hereby notified that the operational documents, DEP permits, discharge monitoring reports (DMRs), engineering studies, water quality tests, and system blueprints (the 'System Records') have been compiled solely for historical tracking. The Seller makes no warranty, express or implied, as to the current operational efficacy, compliance status, or structural integrity of the water and wastewater treatment facilities. Bidders acknowledge that they have no privity of contract with the engineers or third-party firms that generated these reports. Winning the auction is strictly contingent upon, and subject to, all necessary approvals by the Pennsylvania Public Utility Commission (PUC) pursuant to 66 Pa. C.S. § 1102, and the Pennsylvania Department of Environmental Protection (DEP). Bidders assume all responsibility for verifying utility capacity, soil suitability,and zoning compliance for the undeveloped residential lots.

MANDATORY PUBLIC UTILITY REGULATORY APPROVALS: Bidders are expressly notified that the water treatment facility and wastewater treatment plant constitute public utilities serving third-party ratepayers. Notwithstanding the “Absolute” nature of this auction, the transfer of ownership, operation, and asset control is strictly contingent upon, and subject to, the prior review and issuance of a Certificate of Public Convenience by the Pennsylvania Public Utility Commission (PUC) pursuant to 66 Pa. C.S. § 1102, as well as permit transfers by the Pennsylvania Department of Environmental Protection (DEP). The Seller makes no representations regarding the tariff rates, customer revenue reliability, or the regulatory compliance of the current utility infrastructure. Bidders are solely responsible for executing their own financial and regulatory due diligence. In the event the highest bidder is deemed unfit or is denied transfer approval by the PUC or DEP, the sale shall be deemed null and void, the bidder's deposit may be forfeited, and the Seller retains no liability for failure to close.