5346 W River Rd, Salem, VA, 24153

About This Home

This Ranch style single family home offers 2 bedrooms and 1 bathroom with approximately 849 square feet of living space on a 8.57acre lot. There are no inspection or financing contingencies on this cash only purchase. The foreclosure deed has been recorded, allowing for shorter closing timelines. There is a Buyers Premium Fee based on a percent of the Winning Bid Amount with a minimum Fee. The Buyers Premium will be 5 percent of the Winning Bid Amount or the Minimum Fee of $2,500 USD, whichever is greater. The payment of the Buyers Premium fee shall be a condition of closing. This property was previously offered at a foreclosure auction in which the winning bid was the Total Debt amount pursuant to applicable HUD Mortgagee Letter guidance. It is now being offered in a secondary 2nd Chance auction event. In lieu of a standard auction fee, a Buyers Premium applies as described herein. Sale terms are subject to applicable HUD guidelines and Mortgagee Letter requirements. Final offer subject to Sellers approval, which shall be given or denied at Sellers sole and absolute discretion; Seller has up to 15 calendar days to make this determination. Seller reserves the right to cancel the sale at any time and for any reason prior to closing without liability to Buyer. Seller is under no obligation to extend any contract deadline and may decline to do so at Sellers sole and absolute discretion. The seller has closing representation in this transaction. The buyer has the right to select their own title/closing company, or may use the sellers title company. The buyer is responsible for all closing costs in this transaction.