Cooperative Disclosure. Property is part of a cooperative association known as the ______________.  In a cooperative association, residents own shares in the cooperative association entity which owns the property.  Ownership of said shares entitles the shareholder (Buyer) to a proprietary lease of a particular unit in the property from the cooperative association entity.  Seller is conveying an interest in the cooperative association, evidenced by shares, along with all rights and responsibilities associated with said shares, including the rights to a proprietary lease.  Buyer agrees that is has reviewed the association documents and resale packets for specific terms and limitations prior to bidding.  Buyer should seek the advice of a professional if necessary.  Buyer understands and acknowledges that ownership requires all owners to become members in the resident association and agrees to be bound by the terms and conditions thereof.  Buyer understands that membership applications may include a credit and/or criminal check.  Buyer is responsible for submitting membership application to said association and any and all costs and fees regarding said applications. Buyer will be responsible for all special assessments and dues that are not yet due and those that are owed. 

•Property is being sold in an “as is” condition, and the condition is unknown and may include defects, possible health or safety hazards, or debris, or be located in a Special Flood Hazard Area.
•Proof of Funds Required. The seller requires that the high bidder be able to demonstrate proof of funds or financing pre-qualification within 24 hours of the auction. Buyer must obtain a “pre-qualification” letter from a lender of their choice. If buyer intends to pay with cash, a bank letter or other financial account statement showing proof of sufficient funds to cover 100% of the purchase price will be required (account numbers should be removed or redacted). Buyer understands and agrees to submit said documentation to auctioneer within 24 hours of the auction.
• Utilities Disclosure.  The utilities to this property are not currently “turned on” and the property has been winterized.  Utilities will not be turned prior to closing, regardless of inspections.  Buyer will need to consider this and account for it if/when inspecting the property.  Buyer is responsible for utility transfer post-closing.
• Square Footage/Acreage Disclosure. The source of the square footage or acreage represented for the property is from public record. Buyer understands and acknowledges that square footage or acreage measurements of a property can vary from a few feet to several hundred feet regardless of source (County Assessor’s records, appraisal or appraisal measurement report, survey, etc.). Buyer shall be solely responsible for satisfying that the size and/or square footage or acreage of the property is acceptable to the Buyer.
•Occupied Property Disclosure. Buyer acknowledges and understands that property herein is occupied. Buyer accepts responsibility for eviction, lease or rental negotiation, or other remediation, as Buyer finds necessary in order to clarify legal occupancy status. Buyer agrees to hold Seller, Williams & Williams, and its agents harmless from any and all results therein.