RECEIVERSHIP AUCTION OF SEC SEIZED REAL PROPERTY
Property: 1.23 Acres located at 3544 South Panorama Drive, Garden City, UT
Also described as: VACANT BUILDING LOT 42 IN SWEETWATER PARK (BEAR LAKE)
SATURDAY, NOVEMBER 22ND 10:00 AM
200 North 1000 West, Salt Lake City, Utah (in Utah State Fairgrounds next to the DMV)
No Minimums, No Buyer's Premiums - Highest Bid Subject to Court Approval
Highest Bidder Required to Submit $5,000 Deposit
Description of Property:
1.23 Acres Land
Address: 3544 South Panorama Drive, Garden City, Utah
District: Garden City, Utah
Parcel #: 36-05-11042
Legal Description: Lot 42, SWEETWATER PARK SUBDIVISION NO. 10A, as shown by the official plat of said subdivision, filed 1 August 1975 as Filing No. F15, 669 in Book 02 of O.R., Page 4, in the office of the Recorder of Rich County, Utah.
Auction Location: The public auction shall take place on Saturday, November 22, 2014, at 10:00 a.m. at Statewide Auction Company’s facility in Salt Lake City, Utah, located at the Utah State Fair Park, 200 North 1000 W. Salt Lake City, Utah.
Court Approval: The amount obtained for the Property at the public auction will be subject to Court approval.
Registration and Deposit: The winning bidder must provide a $5,000 deposit with the Auctioneer at the conclusion of the auction. The deposit shall be in the form of a cashier’s check made payable to Statewide Auction Company and will only be refunded in the event the winning bidder’s offer is not accepted by the Seller or Court. Otherwise, the deposit is nonrefundable. By submitting the deposit, the winning bidder signifies its intent to be bound by all the terms and rules of the Auction Sale.
Liens: The sale of the Property shall be free and clear of all liens.
Receivership: The Property is currently owned by the Court-appointed Receiver in SEC v. John Scott Clark, et al., Case No. 1:11-cv-46 DN, United States District Court for the District of Utah.
1.23 Acres Land
Address: 3544 South Panorama Drive, Garden City, Utah
District: Garden City, Utah
Parcel #: 36-05-11042
Legal Description: Lot 42, SWEETWATER PARK SUBDIVISION NO. 10A, as shown by the official plat of said subdivision, filed 1 August 1975 as Filing No. F15, 669 in Book 02 of O.R., Page 4, in the office of the Recorder of Rich County, Utah.
Auction Location: The public auction shall take place on Saturday, November 22, 2014, at 10:00 a.m. at Statewide Auction Company’s facility in Salt Lake City, Utah, located at the Utah State Fair Park, 200 North 1000 W. Salt Lake City, Utah.
Court Approval: The amount obtained for the Property at the public auction will be subject to Court approval.
Registration and Deposit: The winning bidder must provide a $5,000 deposit with the Auctioneer at the conclusion of the auction. The deposit shall be in the form of a cashier’s check made payable to Statewide Auction Company and will only be refunded in the event the winning bidder’s offer is not accepted by the Seller or Court. Otherwise, the deposit is nonrefundable. By submitting the deposit, the winning bidder signifies its intent to be bound by all the terms and rules of the Auction Sale.
Liens: The sale of the Property shall be free and clear of all liens.
Receivership: The Property is currently owned by the Court-appointed Receiver in SEC v. John Scott Clark, et al., Case No. 1:11-cv-46 DN, United States District Court for the District of Utah.
