Auction Terms and Information
Morgan City, LA Real Estate Online Only Auction

Auction Date: Thursday, August 27th | 2pm
Location: 1038 Lee Rd. Morgan City, LA 70380
Preview: By Appointment Only | Green Northcutt 985-335-8811
Questions: Green Northcutt 985-335-8811 or green@hendersonauctions.com
Online Only Real Estate Auction Terms:

FEES: Buyer will pay all closing costs and associated fees.
EARNEST MONEY DEPOSIT: An Earnest Money deposit equal to ten percent (10%) of the purchase price is required and must be paid within three business days after the auction closes.
The deposit must be made via Cashier’s Check or Wire Transfer.
Funds will be held in Henderson Auction’s non-interest-bearing escrow account.
At closing, the deposit will be credited toward the buyer’s total settlement amount.
The deposit is non-refundable if the buyer fails to complete the purchase of the property.
VIEWING/INSPECTION: The Buyer is responsible for completing inspections/viewing before the close of the auction.
“AS IS, WHERE IS”: The Buyer is purchasing this Property “as is, where is” with no warranties expressed or implied for habitation or development, or fitness for any other purpose.
POSSESSION: Possession of the Property will be provided to the Buyer at closing.
SURVEY/PROPERTY MAPS/TAXES: The Seller will provide property maps and aerial photos as available.
REAL ESTATE TAXES: All real estate taxes shall be prorated from the auction close.
CLOSING: Closing under the Purchase and Sale Agreement shall be no later than 45 days of the auction date, with delivery of insurable title to Buyer. Buyer to pay attorney fees and closing costs. This property will sell without reserve to the high bidder, who will be notified within 6 hours of the auction closing that he/she has been recognized as the SUCCESSFUL BIDDER.
BUYER’S PREMIUM: 10% Buyer’s premium shall be added to the high bid, the combination of which will establish the final contract sales price.
Preview by appointment. Contact Green Northcutt at 985-335-8811
General Auction Site Policies: When entering any of the auction sites you do this at your own risk. Henderson Auctions is not responsible for any injuries or damage to Property that occurs at the auction site. The property is sold “as-is/where-is”, with No Guarantees or Warranties.
In the event of default by the Buyer, Henderson may offer the Property for sale to the non-winning bidders, in the order of their final bids from highest to lowest (“default process”).
The BID CALLER has the sole discretion to determine the final high BIDDER, and can in his sole discretion open the bidding, close the bidding, exclude BIDDERs, recognize late BIDDERs, reopen closed bidding, and reopen the bidding between tie BIDDERs. BIDDERs have the opportunity, where available, to bid in person, absentee, by proxy, by telephone, or through online bidding platform(s).
Any notice of successful bidding or being outbid via an online platform(s) or by any party other than the BID CALLER and Management for the AUCTIONEER does not constitute official notice. Official notice of award and whether or not a sale has taken place will only be given in the form of an invoice from the AUCTIONEER. AUCTIONEER has the right and sole discretion to amend or correct any invoice that is sent to a BIDDER.
Any litigation from non-payment or lot-related discrepancies will be held in a Livingston, LA Parish court system.
If a BIDDER does not pay the balance in full by the scheduled closing date, the BIDDER’s Earnest Money and QUALIFIED BIDDER DEPOSIT will be forfeited to the AUCTIONEER.
Selling Subject to Owner Approval. Bidders will be notified within 6 hours of the auction closing if the High Bid is accepted.
General Terms:

Photos shown on the website are meant as a representation, all items in the photo may not be included in the lot. Please read the lot description for specific items included with the lot.
When entering any of the auction sites, you do so at your own risk.
Henderson Auctions is not responsible for any injuries or damage to property that occurs at the auction site. All items are sold “as is, where is”, with no guarantees or warranties express or implied.
Inspection prior to bidding is recommended and available.
All claims or disputes or legal actions by any party to this agreement must be filed in the Circuit Court of Livingston Parish, Louisiana, and all legal matters contemplated in this agreement will be governed by the laws of the State of Louisiana and that jurisdiction.
Henderson Auctions reserves the right to cancel auctions at any time.