AUCTION Details

W Clark Rd, Inman, SC:
W Clark Rd, Inman, SC

Inman, SC - Home and 6.48± acres with Barn

  1. DetailsDetails
  2. UnavailableDirections/Map
  3. ContactContact
  4. Email AuctionEmail Auction
  5. PrintPrint
  6. Sold AuctionsSold Auctions

Bankruptcy Court Sale

Online Bidding Only

220 W. Clark Road,  Inman, SC

Home and 6.48± acres with Barn in Inman, SC
being sold subject to bankruptcy court approval

See listing for details on how to bid and participate in this bankruptcy sale

Update: Online bidding is open until November 16!

Online Bidding Only

Began: Monday, October 12, 2020 at 12:00 PM EDT

Ended: Monday, November 16, 2020 at 5:00 PM EDT

Inspection

Began: Thursday, November 12, 2020 at 11:00 AM EST

Ended: Thursday, November 12, 2020 at 1:00 PM EST

Location: 220 W. Clark Road, Inman, SC

Details

The following property is being sold subject to bankruptcy court approval. See information below for bidding procedures.
 
Home and Barn on 6.48± acres located in the city of Inman
 
2/3 Bedrooms and 2 Full Bathrooms
Formal Living Room and Dining Room
Kitchen, Den with Fireplace, 2 Enclosed Porches
 
2 Bedrooms have closets. A potential 3rd does not have a closet, but there are multiple closets in the hallway outside this room.
 
Home was most recently used as a rental property for several years. Some renovations were started after the tenant moved out.
 
Barn is enclosed on 2 sides and open on 2 sides. It has some completely enclosed storage areas and a second level. Concrete floor.
 
Property totals approximately 6.48± acres. It is currently listed as 2 tax parcels, but they are being sold together for one bid.
 

Bankruptcy Sale Approval Process
Click here to download contract, terms, and disclosures

An offer of $110,000 for the property was submitted to the bankruptcy court for approval on October 9, 2020. 

The offer is a cash sale, no contingencies. Property sells with insurable title. Sample contract is attached. 

This offer is subject to objections by creditors or higher bids by other bidders until October 30, 2020 at 5:00 PM. 

If no additional bids are received, bidding will close.

If additional bids are received by the time above, then bidding will be extended until the court scheduled hearing date. The hearing is scheduled for November 17, 2020.

In order to make the process easier for you to participate, we are making online bidding available on our website. If there are bids prior to October 30, 2020, online bidding will be extended until November 16, 2020 at 5:00 PM.

Bidding extensions of 5 minutes will apply if a bid is received in the last five minutes. See online bidding terms for details on extended bidding. The highest bid will be submitted to the court at the hearing.

To be approved to bid on this property, bidders must make a $10,000.00 deposit by cashiers check or wire transfer in order to bid. Once the deposit is received, you will be approved to bid. (This deposit matches the deposit made in the initial offer, so everyone is on the same level.)

If you are the winning bidder, the deposit will be applied toward your purchase price. If you are not the winning bidder, then your deposit will be refunded to you.

Note: The process described above does not supersede the hearing approval process. It is being made available to make the process easier for you to participate in the bankruptcy sale.

The scheduled hearing may be in person or by telephone at the discretion of the judge. Your attendance may or may not be required. Historically, hearings have been in person, but due to COVID-19, hearings have recently been held by telephone. 

Approved bidders will be notified in advance of any changes to the process. 

Please contact us at 864.268.4399 with any questions regarding the sale procedure.