Completed - Sold to 3rd Party
Sold
Bank Owned

71 ARTHUR ST UNIT _ 6
Torrington, Connecticut 06790

2 Beds1.5 Baths884 Sq. Ft.

Investment Opportunity

Est. Resale Value
$62,000
See Comparable Sales
Source: Collateral Analytics
Rental Estimate
TBD
Closing Date
06/26/2020
Online Auction
Sold
This property has sold.

Property Details

Beds
2
Baths
1.5
Square Footage
884
Lot Size (Acres)
0.01
Property Type
Townhouse
Year Built
1983
Property ID
2939248
Event ID
O1290-2939248
Vacant: Although the property is vacant, do not enter unless interior access is available.
Title and Liens: Most liens are removed after a foreclosure property sale, but certain liens may remain. What type of liens remain?
Contact Agent Info
Yes
Get in touch with the listing agent for this property
Buyer's Premium
5%
Winner will be charged a fee for this property. 5% of Winning Bid Amount, with no minimum required.
Cash Only
Yes
Conventional financing is NOT accepted for this property. Learn more
Interior Access
Yes
Access is available through the listing agent DON SCIARRETTO Contact Agent.
Broker Co-op
Available
A 1% or $400 minimum commission is available

Due Diligence

Educate yourself before you bid. Learn how to perform due diligence.
Review Property Information
Check out third party reports on property condition, market value and neighborhood info.
Examine Title and Liens
Preliminary reports are provided for reference. Seek a professional for a full evaluation.
Deed Type
Special Warranty Deed
Title Insurance Paid by
Seller
Review Purchase Agreement
Details of the Seller's terms and conditions, and your rights as the buyer.
Prepare Your Finances
Cash is the accepted payment. In some cases, hard money loans and lines of credit are accepted. See purchase documents for details. Why?
You'll need proof of funds within 48 hours of winning the auction.
Conventional financing cannot be used to buy this property.

Top FAQs

Will I be able to inspect the property before I bid?
Typically, no. Many properties will be sold "as is, where is," with all faults and limitations. You'll need to estimate any renovation costs from a distance. Even if you believe the home is vacant, treat it as occupied. These homes have not transferred ownership yet and walking on or entering the property is trespassing.
Does Auction.com have any more information on this property?

Like other real estate transactions, you should conduct careful due diligence before purchasing a property at auction. Common research items include local market value, property condition, and title report.

Please note, Auction.com is not the seller for any property made available online, and all information and photos to Auction.com have been made available on this page.

Will the property be free and clear of all liens?
Not necessarily. You should seek independent advice to perform your own due diligence and fully understand the foreclosure process and foreclosure sales in general. It is your responsibility to do a title search and seek any professional counsel before bidding.
Can I use financing to buy this property?
Typically, no. Be sure to check the property listing to see if financing is considered. Most properties on Auction.com are sold cash-only. That means you must pay the entire purchase amount by the closing date.
What happens if I am the winning bidder?

If you are the highest bidder at the end of an auction, here are your post-auction obligations:

  1. Contract Information: You'll receive an email confirming you have the highest bid. You will then need to provide important contracting information by filling out a form online. You can preview the required information on this form as a printable checklist. Make sure to submit the form within 1 business day.
  2. Purchase Agreement: Once everything is verified, the Purchase Agreement will be generated and you will need to sign and return the document for the seller to review and sign.
  3. Proof of Funds: You need to provide Auction.com a copy of your Proof of Funds by email within 2 business days.
  4. Earnest Money Deposit: Unless otherwise specified on your purchase agreement, you will need to send the Earnest Money Deposit to the closing company within 2 business days of receiving the transfer instructions. Send Auction.com a copy of your confirmation receipt within 1 business day of sending funds.
help center

Transaction Details

• Property will be sold Subject to Seller Confirmation.  Seller must approve your auction bid before the sale can be finalized.
• Click HERE for similar properties
• If you are the Winning Bidder, an Earnest Money Deposit of 5% of the Total Purchase Price or $2,500 (whichever is greater) is required.
• Buyer will receive a Special Warranty Deed or equivalent.
• Buyer cannot represent him/herself in a purchase and collect a broker commission, regardless if purchase is made as an individual or as part or whole owner of an entity
• Property is being offered as is, where is.
• Until the seller's reserve price is met, Auction.com may counter bid on behalf of the seller. Counter bidding gives buyers and sellers more flexibility to find a mutually agreeable price. Counter bids do not occur after the seller's reserve price is met. Learn more about reserve pricing.

Auctioneer Licensing Information

Auction.com-CT, Inc. RE Brkr Lic No. REB.0790667 Responsible Broker: Vib Kapila. 1 Mauchly, Irvine, CA 92618.

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