INFORMATION FOR PROSPECTIVE BUYERS
OF REPOSSESSED VEHICLES/COLLATERAL
IN THOSE INSTANCES WHERE THE DEBTOR DOES NOT REDEEM THE REPOSSESSED VEHICLE/COLLATERAL THE LENDER MAY ELECT TO HAVE US SELL THE COLLATERAL FOR THEM TO THE GENERAL PUBLIC.
ALL SALES OF VEHICLES/COLLATERAL BY AMERICAN ASSET RECOVERY ARE GOVERNED BY THE FOLLOWING TERMS AND CONDITIONS:
VEHICLES ARE SOLD ON AN AS IS BASIS. THERE ARE NO EXPRESSED
OR IMPLIED WARRANTIES OR GUARANTEES.
AMERICAN ASSET RECOVERY DOES NOT OWN THE VEHICLES NOR DO
WE SET A PRICE. WE STRIVE TO GET THE MOST REASONABLE OFFER
FOR OUR CLIENTS.
WE DO NOT DISCLOSE THE NAME OF OUR CLIENTS, THE LEGAL
OWNER, THE REGISTERED OWNER, THE DEBTOR, OR OTHER PARTIES
WHO MAY ALSO BE BIDDING ON THE VEHICLE. PLEASE DO NOT ASK.
ALL BIDS MUST INITIALLY BE SUBMITTED IN WRITING ON OUR
“OFFER TO PURCHASE” BID FORMS. BID INCREASES MAY BE DONE
VIA TELEPHONE.
IN BIDDING AMOUNTS UNDER $ 1,000.00 BIDS MUST BE RAISED IN AT
LEAST $ 50.00 INCREMENTS.
IN BIDDING AMOUNTS OVER $ 1,000.00 BIDS MUST BE RAISED IN AT
LEAST $ 100.00 INCREMENTS.
UPON NOTIFICATION OF AN ACCEPTED BID A $ 75.00 MINIMUM
DEPOSIT IS REQUIRED WITHIN 48 HOURS. THE BALANCE TO BE PAID
WITHIN 5 BUSINESS DAYS.
A BUYERS FEE OF $ 75.00 WILL BE ASSESSED ON ALL SALES PAYABLE
BY THE WINNER.
WE DO NOT ACCEPT PERSONAL CHECKS AND/OR CREDIT CARDS.
VEHICLES MAY BE VIEWED IN PERSON MONDAY THRU FRIDAY 9:30AM TO 4:30PM. OR THEY MAY BE VIEWED ONLINE AT:
AMERICANASSETRECOVERY.NET
**EFFECTIVE 12-01-2010**
BIDS MAY BE CANCELLED AT ANY TIME PRIOR TO THE CONCLUSION OF BIDDING. ANYONE SUBMITTING A BID THAT IS ACCEPTED BUT THEN FAILS TO COMPLETE THE PURCHASE WILL BE REQUIRED TO POST A $ 75.00 CASH DEPOSIT FOR ANY FURTURE BIDS. DEPOSITS WILL BE RETURNED IF BID IS NOT ACCEPTED.
OF REPOSSESSED VEHICLES/COLLATERAL
IN THOSE INSTANCES WHERE THE DEBTOR DOES NOT REDEEM THE REPOSSESSED VEHICLE/COLLATERAL THE LENDER MAY ELECT TO HAVE US SELL THE COLLATERAL FOR THEM TO THE GENERAL PUBLIC.
ALL SALES OF VEHICLES/COLLATERAL BY AMERICAN ASSET RECOVERY ARE GOVERNED BY THE FOLLOWING TERMS AND CONDITIONS:
VEHICLES ARE SOLD ON AN AS IS BASIS. THERE ARE NO EXPRESSED
OR IMPLIED WARRANTIES OR GUARANTEES.
AMERICAN ASSET RECOVERY DOES NOT OWN THE VEHICLES NOR DO
WE SET A PRICE. WE STRIVE TO GET THE MOST REASONABLE OFFER
FOR OUR CLIENTS.
WE DO NOT DISCLOSE THE NAME OF OUR CLIENTS, THE LEGAL
OWNER, THE REGISTERED OWNER, THE DEBTOR, OR OTHER PARTIES
WHO MAY ALSO BE BIDDING ON THE VEHICLE. PLEASE DO NOT ASK.
ALL BIDS MUST INITIALLY BE SUBMITTED IN WRITING ON OUR
“OFFER TO PURCHASE” BID FORMS. BID INCREASES MAY BE DONE
VIA TELEPHONE.
IN BIDDING AMOUNTS UNDER $ 1,000.00 BIDS MUST BE RAISED IN AT
LEAST $ 50.00 INCREMENTS.
IN BIDDING AMOUNTS OVER $ 1,000.00 BIDS MUST BE RAISED IN AT
LEAST $ 100.00 INCREMENTS.
UPON NOTIFICATION OF AN ACCEPTED BID A $ 75.00 MINIMUM
DEPOSIT IS REQUIRED WITHIN 48 HOURS. THE BALANCE TO BE PAID
WITHIN 5 BUSINESS DAYS.
A BUYERS FEE OF $ 75.00 WILL BE ASSESSED ON ALL SALES PAYABLE
BY THE WINNER.
WE DO NOT ACCEPT PERSONAL CHECKS AND/OR CREDIT CARDS.
VEHICLES MAY BE VIEWED IN PERSON MONDAY THRU FRIDAY 9:30AM TO 4:30PM. OR THEY MAY BE VIEWED ONLINE AT:
AMERICANASSETRECOVERY.NET
**EFFECTIVE 12-01-2010**
BIDS MAY BE CANCELLED AT ANY TIME PRIOR TO THE CONCLUSION OF BIDDING. ANYONE SUBMITTING A BID THAT IS ACCEPTED BUT THEN FAILS TO COMPLETE THE PURCHASE WILL BE REQUIRED TO POST A $ 75.00 CASH DEPOSIT FOR ANY FURTURE BIDS. DEPOSITS WILL BE RETURNED IF BID IS NOT ACCEPTED.
