MORTGAGEE BUYBACK
MORTGAGEE'S FORECLOSURE AUCTION EVENT
Major Boston Development Opportunity
10+ Commercial Parcels Selling in the Entirety
This major real estate auction property encompasses almost an entire city block in Boston. The developer/purchaser of the 10 foreclosure parcels shall have the exclusive option to purchase the land known as "Parcel 7" for 35 Million Dollars, which is an intricate and necessary portion of this future development site.
Initial deposit of $500,000 by certified bank check required to bid (for collective sale of parcels 1-6 & 8). Initial deposit for winning bid is non-refundable. Additional non-refundable deposit of 10% (TEN PERCENT) of the purchase price due w/in 5 days of auction. 45 days to close. The successful bidder has the exclusive option to purchase Parcel 7 (not part of the foreclosure) for 35 Million Dollars. (see Bidder Info. Package). Other terms, if any, to be announced at the sale. Announcements or changes made from the auction block or within the purchase agreement take precedence over any previously printed materials or oral statements made.