5190 Memory Ln, Mount Olive, AL 35117

Property is being sold in an "as is" condition, and the condition is unknown and may include defects, possible health or safety hazards, or debris, or be located in a Special Flood Hazard Area. Proof of Funds Required. The seller requires that the high bidder be able to demonstrate proof of funds or financing pre-qualification within 24 hours of the auction.

Buyer must obtain a "pre-qualification" letter from a lender of their choice. If buyer intends to pay with cash, a bank letter or other financial account statement showing proof of sufficient funds to cover 100% of the purchase price will be required (account numbers should be removed or redacted).

Buyer understands and agrees to submit said documentation to auctioneer within 24 hours of the auction. Utilities Disclosure. The utilities to this property are not currently "turned on" and the property may be winterized. Utilities will not be turned prior to closing, regardless of inspections.

Buyer will need to consider this and account for it if/when inspecting the property. Buyer is responsible for utility transfer post-closing. Buyer understands and acknowledges that square footage, acreage, and/or bedroom and bathroom count for the building sited on the property is based on an appraisal or county assessor information.

Buyer further understands and acknowledges that measurements/acreage/count can vary from a few feet to several hundred feet regardless of source (County Assessor's records, appraisal, or appraisal measurement report, etc.) and that said sources may contain erroneous information or measurements/acreage/count.

Buyer should conduct their own investigation and satisfy that the size and/or square footage, acreage, and bedroom/bathroom count of the dwelling/building is acceptable to the Buyer prior to placing any bid or offer on a property. By placing a bid or offer on a property, Buyer is accepting the property in "as-is where-is condition" and agrees to be bound to the bid or offer should a discrepancy arise.

Redemption Notice. Buyer acknowledges that this property may be bound by the state rules of redemption. The foreclosed debtor, junior lien holders, spouse of debtor, heirs, among others have up to one year from the date of the foreclosure to redeem the property, depending upon specific circumstances.

Redemption period does not prohibit conveyance. The redeeming party must pay to the new buyer the foreclosure purchase price, plus interest as defined in state law for money judgments in Alabama code 8-8-10, accruing from the date of foreclosure sale to the date of redemption, plus lawful charges as that term is defined in Alabama code 6-5-253.

Redemption will expire no later than 09/05/2026. Buyer acknowledges that buyer has no rights, claims, or recourse against seller for any loss or damage resulting from redeeming party's exercise of redemption rights.