Hassayampa Placers Commercial Gold Property, AZ

Bidding Notice:

Properties are sold as is, where is. Buyer to verify all information. It is recommended that perspective buyers conduct their due diligence including in person visit to the properties. Properties are all sold free and clear of all liens and encumbrances. 6% Buyer's Premium on final hammer price $649 Documentation fee for transfer and recording. Fee includes up to 2 owners or one business on ... Show More

Auction Notice:

Earnest Money deposit of $5000 due at auction close. Request for earnest money deposit will be sent to email address of winning bidder within 24 hours of auction close. Earnest deposit will not be refunded if payment is not received. Full payment due within 5 business days. Payment for Property balance must be made by guaranteed funds. Wire Transfer, Cashiers Check, Cash. Payment in full is ... Show More

Information

Lot #	3
Group - Category	Real Estate - Commercial
Lead	Hassayampa Placers Commercial Gold Property, AZ
Description	Terra Firma Auction Services is a third party auction service acting as a foreclosure agent for the seller. The seller has agreed to offer the following foreclosure at NO RESERVE. Legal Description: Hassayampa Placers Commercial Mining Property - MRO Serial: AZ101591452, AZ101591453, AZ101591454, AZ101591455 Yavapai County, Arizona SEC 11, T12N R3W, Gila Salt River Base and Meridian. 100% MRO Surveyed 2023 - Appraised at $2.25M It is recommended that perspective buyers conduct their due diligence, including in person visit to the properties. Real property, being sold unencumbered with no liens or back taxes. Fee simple transfer. If you are unclear on any aspects of ownership of real property, MRO, SRO or purchase thereof, it is recommended that you seek legal advice before registering or bidding. Properties are sold as is, where is. No other warranties or representations. 10% Buyers Premium $695 Documentation/Closing fee. Warranty Deed Available for $1795 Surveyed in 2023 - Blocked and measured reserves of 1,098,877 ounces of gold. The Hassayampa property is an 80 acre block of property on the Hassayampa River. The asset value has been appraised at $2.576B based on value of Measured Reserves and Surface Material. This appraisal will change with the daily spot pricing of gold. From the Survey Report: The gold in this region is reported as coarse nuggets that can range from a few grams to several ounces in size. There is a substantial bar that is from 70' to 180' wide running along the Hassayampa River. The bar has minimal intrusion and was only impacted by the drag bucket dredge operation that ran from 1938 to 1940. The property has excellent access which can be managed with 2WD in most conditions. Many large staging and parking areas that can be used for processing. There is good, year-round water throughout the property that can be used for mining purposes. The bars have little erosion except that done by the drag buckets in mining pre-1940. There were core samples done in 1930 measuring the depth of the bar. The reports from this drilling showed an average of .08 oz per yard. $1.60 per yard in 1931. (Gold value at $20.67 per ounce) $120 per yard in 2019. $181.50 in 2024 (variance to pricing of gold). As noted by Nebeker report, there were NO cores that did not show gold, which was astounding to the geologist who made the report. Absolute sale of real property. Please view all terms and condition of the auction and be prepared to abide.

Auction Information

Name	2025 1st QTR Land Foreclosure Auction-MT/CA/CO/AZ/NV/NM
Auctioneer	Terra Firma Auction Services
Type	Online-Only Auction
Date(s)	2/1/2025 - 3/31/2025
Auction Date/Time Info	Auction will Start Saturday, February 1st, 2025 at 9:00am (MST). Auction will end on Monday, March 31st, 2025 starting at 12:00PM (MST). Each lot will soft close.
Preview Date/Time	Perspective Bidders/Buyers may visit properties by appointment from 02/01/2025 until 03/30/2024. Seller is not responsible for access, weather or other impediments.
Checkout Date/Time	Earnest Money deposit of $5000 per lot is due within 24 hours of auction close. Request for payment will be sent to the winning bidders email on file. Failure to meet this deposit will result in forfeiture of bid and item will be offered to next high bidder. Full payment due within 5 business days from the end of the auction. By Monday, April 7th, 2025 at 4:00PM MST.
Location	7355 South 200 East HUNTSVILLE, UT 84317
Buyer Premium	10% buyers premium on hammer price.
Description	TERRA FIRMA AUCTIONS has been contracted to liquidate foreclosed assets for its clients. We strive to provide all relevant information and details about these foreclosed properties. We can NOT provide LEGAL or INVESTMENT advice. This auction provides a large group of unique properties across the wester states. Homes and land that has been foreclosed on and now offered at NO RESERVE. Properties are located in California, Nevada, Oregon, Montana, Colorado, Arizona and New Mexico. We offer quick turn around on deeds and documentation. Most closings are processed and titled to the new owner in less than thirty (30) days. All properties have been professionally surveyed and sold with clear title. No back-taxes, No liens or other encumbrances. Properties are sold FEE SIMPLE ABSOLUTE. Please review all descriptions and legal information on each lot. All items are sold as is, where is, with no guarantee or warranties. 10% Buyer's Premium on final hammer price. $649 Closing/Documentation fee for transfer and recording. Fee includes up to 2 owners or one business on title. Additional owners may incur additional fees. 100% ownership interest is transferred via Quit Claim Deed. Warranty deeds are available for $1795 per property. Full Ownership of property transfer with no caveats or restrictions. It is recommended that perspective buyers conduct their due diligence prior to any bidding, including "in person" visit to the properties. Map links to property is included in auction links for each property. If you are unfamiliar with real estate transactions, real estate terms or any aspect of sale, It is recommended that you SEEK LEGAL ADVICE before registering or BIDDING. Properties are sold AS IS, WHERE IS. No other warranties or representations.

Terms and Conditions

Bidder agrees to comply with these Terms & Conditions defined below as a prerequisite for Auctioneer's acceptance of the Bidder's Registration and Bid Card ID. Bidders with negative scores and unpaid auctions will be removed. The total amount due will be the final 'hammer' price plus the buyer premium (10%). There is also a $649 documentation/closing fee per auction lot. Bidders are encouraged to conduct due diligence on all purchases and to seek legal advice regarding the purchase of these and any properties. Bidders are encouraged to conduct site visits to see properties in person prior to placing any bids. PAYMENT: CASH SALE - All payments in GUARANTEED funds only. Real property transfer, we cannot accept Credit Cards, Venmo or PayPal for Real Property. CASH, WIRE TRANSFER or CERTIFIED BANK CHECK ONLY. FULL Payment is DUE within FIVE(5) business days of Auction Closing. No Exceptions. If you cannot meet this requirement please do not bid. All Title Closings and Recordings are executed by our staff in house. Deeds in less than 30 days in most cases. An Earnest money deposit is required for each lot at closing. This earnest deposit may be paid with Credit Card and is $5000 per property. Email statement with payment instructions will be sent to winning bidder for the earnest money deposit and must be paid within 24 hours of auction close. Earnest money deposit is NOT refundable. If bidder fails to submit balance due within 5 business days the earnest deposit is forfeit with no refunds or credits. The Earnest Money deposit will be accompanied by a non-contingent Purchase Agreement. Any bids or earnest money deposits are considered acceptance of aforementioned Purchase Agreement. 100% interest and ownership of the properties will be transferred to the winning bidder upon receipt of payment. This is FEE SIMPLE, ABSOLUTE INTEREST transfer. Free and clear title shall be given by a standard quit claim deed free and clear of any encumbrances and liens. Warranty deed is available for $1795 on any property. TERMS and FEES: High bidder will receive the deed(s) to the property upon full payment of auction, subject to clearing of funds. A 10% buyer premium will be applied to the hammer price. A $649 Documentation fee is added to each lot sold. Clear and unencumbered title of ownership will be transferred by Quit Claim Deed. Warranty Deed is available for an additional $1795.00. By registering and bidding on this auction, the bidder agrees to receive text messages and email, that are directly related to Terra Firma Auctions. We do not sell any information. Your information will be kept confidential. CONDITION AND DILIGENCE: All properties are sold in "AS-IS" condition with all faults and defects and without warranty or guarantee of any sort. If you are unfamiliar with real estate transactions, real estate terms or any aspect of sale, It is recommended that you SEEK LEGAL ADVICE before registering or BIDDING. Prior to bidding, each bidder is advised and responsible to conduct an independent due diligence to ascertain characteristics, attributes and condition of the property. Failure to conduct diligence activities shall not constitute a waiver of any sort. TRANSFER OF OWNERSHIP. Conveyance of properties is completed by the Terra Firma Closing staff via registered and recorded Quit Claim Deed. By registering for auction, Bidder authorizes Auctioneer to act as Bidder’s agent to complete any closing documents, or any corrective documents thereafter. For each Lot, Bidder must specify the Deed Transfer Information. Should the Bidder fail to specify Deed Information within 10 business days after payment of balance, Bidder authorizes Auctioneer to convey each Lot using the Bidder’s name and address as registered in the auction.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 1,000,000.00	10.00 USD

Payment Information

Currency	USD
Buyer Premium	10% buyers premium on hammer price.
Payment Terms	CASH SALE - All payments in GUARANTEED funds only. Real property transfer, we cannot accept Credit Cards, Venmo or PayPal for Real Property. CASH, WIRE TRANSFER or CERTIFIED BANK CHECK ONLY. Invoices must be paid by guaranteed funds (Wire Transfer, Certified Bank Check, Cash). FULL Payment is DUE within FIVE(5) business days of Auction Closing. No Exceptions. If you cannot meet this requirement please do not bid. All Title Closings and Recordings are executed by our staff in house. Deeds in less than 30 days in most cases. An Earnest money deposit is required for each lot at closing. This earnest deposit may be paid with Credit Card and is $5000 per property. Email statement with payment instructions will be sent to winning bidder for the earnest money deposit and must be paid within 24 hours of auction close. Earnest money deposit is NOT refundable. If bidder fails to submit balance due within 5 business days the earnest deposit is forfeit with no refunds or credits given. The Earnest Money deposit will be accompanied by a non-contingent Purchase Agreement. Any bids or earnest money deposits are considered acceptance of aforementioned Purchase Agreement. All Title Documents are executed by our staff in house. Deeds in less than 30 days in most cases. This auction is for real property and no credit cards are accepted for payment above and beyond the earnest deposit. 100% interest and ownership of the properties will be transferred to the winning bidder. This is fee simple, absolute transfer. Free and clear title shall be given by a standard quit claim deed free and clear of any back taxes, encumbrances or liens. Warranty deed is available for $1795.00 per property

Shipping / Pick Up

Auction Company will process all closings and deed preparation. In most cases deeds can be processed in less than 30 days. For each Lot, Bidder must specify the Deed Transfer Information. Should the Bidder fail to specify Deed Information within 10 business days after payment of balance, Bidder authorizes Auctioneer to convey each Lot using the Bidder’s name and address as registered in the auction. Deed will be executed same business day that full payment is received. It is the bidders responsibility to verify that all information is validated.

Lot # : 3 - Hassayampa Placers Commercial Gold Property, AZ