REAL ESTATE AUCTION
Selling 30 Properties
Sale Site:  for convenience of sale, the auction will be
held in the Ballroom of the Radisson Hotel
(formerly Jumer's) at 117 N. Western Ave.
Peoria, Illinois
Wednesday, February 14th, 2007
starting promptly at 1 p.m.
buyer registration begins at Noon.

Click on photos to enlarge the photo in a new window. 
Enlarged photos are full monitor size.  Be patient if you are on a dial-up connection.
Click on blue links to go to home page, print brochure, or get location map to sale site.

1)  Many of the houses shown below will have interior photos.
2)  Click on the "photogallery" blue link to view the photo gallery for that particular home. Then click on the photo thumbnail to enlarge the photo.
3)  The photo gallery will open in a new window.
4)   Only a few galleries are linked at this time. More will be added during the next week. Some properties have virtual tours. More galleries will be added between now and sale day.

1)     511 W. McClure
Peoria

11)   1219 W. Millman
Peoria 

Terms of Sale on all Properties:  A $2,000 earnest money deposit will be required on each property purchased. Properties #26, #27, #28 require a 10% earnest money deposit. The balance will be due in cash or guaranteed funds at closing within 45 days. Title will be conveyed subject to all restrictions, reservations, easements of record, and zoning laws, but free of encumbrance except for taxes for 2006 and subsequent. Seller will furnish guaranty title insurance in the amount of the purchase price. Taxes and rentals will be prorated to date of closing. Tenant’s deposits will be credited to the Buyer at closing. Possession will be at closing subject to the rights of parties in possession. The successful bidders will enter into a contract of purchase at the auction sale. A copy of the sales contract will be posted on the premises for review before the sale along with the Auctioneer's customary terms of sale. Each sale is subject to the immediate confirmation of the Seller. The properties are being sold in an "as is" condition and with all faults. Property details herein are as provided to us and represented to us by the Sellers. Any announcements made day of sale will take precedence over prior advertising and printed matter.

Financing:  Homes sold at this auction are cash sales. The sales contract is NOT contingent upon the buyer being able to obtain financing. If you need financing to purchase real estate, then you should have a pre-approval document from your lender before you go looking for a home to buy.  Note: pre-qualification is not the same as pre-approval.  Talk to a financial institution or mortgage banker and get pre-approved for a mortgage if you want to buy real estate.

Inspection:  Many of the homes being sold are occupied by tenants. The occupied homes will NOT be open for inspection, but you are welcome to go on the property and inspect the exterior of the dwelling. Don't hesitate to knock on the door and ask the tenants what they can tell you about the house.

The vacant homes may be inspected anytime. Contact the Auctioneer at (309) 686-0558 to obtain the lockbox code. The lockbox code is the same for all the vacant houses, and you can inspect the vacant homes at your convenience.

If you have any questions, please call Joe Cotten at 686-0558 anytime.

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Cotten Commercial Auctioneers, Inc.
licensed real estate broker corp.
Illinois License #0440000115