Furrow Auction Company - Real Estate Division

ABSOLUTE REAL
ESTATE AUCTION
To Be Sold To The Highest Bidder
Without Minimum or Reservation

Over 50 Properties Throughout
Greater Chattanooga, Tennessee
Income Producing, Single Family and
Development Lots
Assets of the Charlyne Epstein Trust

Sale to Be Held at the Chattanooga Convention
Center - Ballroom E - Beginning at 12:00 Noon

Thursday, November 29th 2007 – 12:00 Noon
An Open House will be held at the Inspection Headquarters at
162 Gardner Street, Chattanooga, TN on Sunday, November 18th from 12:00 Noon until 4:00 PM

2% Broker Participation Offered
Click here for the broker agreement

Sale #14
817 Wheeler Avenue

Income Producing Duplex in the Glenwood Area

· 1 Unit Rented, 1 Needs Renovation and Repair

· 2 BR, 1 Bath in Each Unit

City Taxes: $380.51

Stormwater Assessment: $24.00

County Taxes: $545.00

Zoning: R-1

High School: Brainerd High

Middle School: Orchard Knob Middle

Elementary School: Orchard Knob Elementary

Special Financing Available Through FSG Mortgage
Contact Hall Willett, Mortgage Originator 423-308-2021

The terms for the special financing are as follows:

* Single Family Residence, owner occupied 100% loan to value based on acquisition cost and credit approval

* Single Family Residence, investment property 90% loan to value based upon acquisition cost and credit approval

* Duplex, owner occupied 95% loan to value based upon acquisition cost and credit approval

* Duplex, investment property 90% loan to value based upon acquisition cost and credit approval

* Lot Loans, case by case, typically 80% loan to value based upon acquisition cost, 5 year balloon amortized over 10 years, subject to credit approval

* Fixed Rate Financing Available to All Qualified Buyers

* All homes must be on a permanent foundation and have heat source to qualify for financing

Terms: 10% Buyer’s Premium - Successful bidders will deposit 10% of the purchase price (including Buyer’s Premium) and is due today in the form of cash, cashier’s check, personal or company check plus a real estate sales contract must be signed. Balance is due in certified funds at closing. CLOSING MUST OCCUR WITHIN 20 DAYS OF SALE DATE. NO EXTENSIONS AVAILABLE.

Directions to the Auction Site: Chattanooga Convention Center is located at 1150 Carter Street in downtown Chattanooga, TN. From I-24, take Exit 178 to US-27. Travel .2 mile and take Exit 1A ML King Blvd. toward downtown. Turn right at W. Martin Luther King Blvd. and travel .1 mile. Turn right onto Carter Street and travel .1 mile to Convention Center.

Have a Question about this Auction? Click here to send e-mail directly to a Furrow Representative.

Homes built before 1978 may contain lead-based paint.