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3-Bedroom Single Family Home in Karval, CO – Sold For $25,000.00!

Item ID: Reiss01

Case Name: Matthew and Christal Reiss

Case Number: 09-21632-EEB

CSAssets specializes in the liquidation of Bankruptcy Assets and Personal Assets. All Bankruptcy Assets are sold “AS IS WHERE IS” with no warranties implied or stated. The Seller and the Bankruptcy Trustee are not responsible for issues, if any, with the title, the condition of the property, or any liens or encumbrances against the property. CSAssets has to rely on the property description that has been provided by the County Offices and the Debtor. CSAssets cannot guarantee that all of the information is accurate. The Buyer will be entirely responsible for this property after the sale, including but not limited to: paying any fees associated with the transfer of the property, the recording of the deed and transfer of  Title and the gathering of any documentation necessary for that process. The Seller and Trustee are Not Realtors. CSAssets and the Trustee shall be under no obligation to the buyer except to provide the Buyer with a Trustee’s Deed for the property. CSAssets recommends all bidders perform their own due diligence PRIOR to bidding on this item. As with any Bankruptcy case, this sale may be subject to court approval. Please read all sections of the ad carefully, particularly for real estate sales.

Single family residence with 3 bedroom and 1 bath. Built in 1950, the house is 1,568 sq. ft. with a 20×24 non-attached 1 car garage. The house has forced air heat and central A/C. According to the debtors’ attorney, the property is vacant and the interior condition is fair. The lot size is 21,300 sq. ft. and the address is 16131 Page Street, Karval, CO. Reception Number 329150, Parcel number: 337514303002, Legal:  Lots 4, 5, 6; Block C; original town of Karval, CO.  The 2008 taxes of $299.44 have been paid. The 2009 taxes will be due in 2010. The pictures below show a fence, which is no longer there.

We do not know of any liens.

Karval is an unicorporated town in Lincoln County, CO about 78 miles east of Colorado Springs.  There were 672 residents as of the 2000 census.  The County seat is Hugo. To learn more about the town of Karval, please go to the various websites that have a variety of information about the friendly little town.

This is all we know about this asset. A title search has NOT been performed on this item. CSAssets does not provide title insurance. If title insurance is desired, the buyer will be responsible for obtaining it through a Title Company. A document preparation fee of $200 will apply and will be included in the total of your invoice. Any fees/liens owing on this item are not part of the final bidding price. Serious Bidders Only. A bid submitted by a potential Buyer is an agreement to our Terms. The eBay disclaimer regarding “contract to purchase” does not apply to our U.S. Bankruptcy Court Ordered Sales. Potential Buyers should not bid unless the fully intend to complete the sale.