LAKE ERIE WATERFRONT W/ BEACH

The property is offered subject to $1.875 million published reserve. The high bidder is required to immediately tender the required certified check, cash(in house only), or approved personal check in the amount of $55,000.00 to be increased to 7% of total purchase price within 7 days acceptance of contract as initial earnest money made payable to Dutton Auction & Realty Co., as escrow agent, and sign the Purchase Agreement. Closing dates will be stipulated in the individual contract, at which time the purchaser will pay the balance of the purchase price to the seller's escrow agent. Transfer of title will be by General Warranty Deed. Transfer of title shall occur on or before December 21, 2007 and subject to the legal rights of property tenants, or as soon as practicable in the event of delays beyond the control of the parties. Please note this property is not being sold subject to financing. This means that, before you bid at the auction, you should have enough cash reserves to close the purchase, or that your financing should be pre-arranged, or that you should be absolutely sure that you can obtain financing. If you do not have the cash, or if you are not sure you can obtain financing, it is recommended that you do not bid. The auction purchase contract shall provide that the purchaser pays a buyers premium equal to 7%. This amount is added to the high bid amount and inserted in the auction purchase contract as the total purchase price.All buyers must be pre approved 24 hours before the auction starts.

You will need to be approved to bid at this auction please contact Joel Dutton 330.879.5000 or by e-mail at JDuttonduttonauction.com for details

Local Taxes Apply