BEAUMONT, TX – Paul A. Lynn & Associates, LLC (PALA) has been hired by the Beaumont Housing Authority (BHA) of Beaumont, TX to conduct a live auction sale of 100± houses and 4 vacant lots located throughout Beaumont, TX. The auction will be held on Saturday, February 29, 2020, at the Beaumont Civic Center, 701 Main St., free parking, use North Entry. Registration for this Live Auction Event will commence at 10:00 am CT and the auction bidding will commence at 12:00 noon CT.
“These properties have been part of our portfolio for a number of years. BHA has decided to sell these homes and use the proceeds generated through the auction to fund our primary mission of providing affordable housing opportunities to low and moderate-income families. We are excited to make these properties available to buyers and investors through this live auction event,” said Allison Landrum, BHA Chief Executive Officer.
The properties are being sold on an “AS-IS, WHERE-IS” basis, no financing contingency. Buyers will not be limited in the number of properties they can purchase in this auction. BHA is offering a special discount program for pre-registered 501(c)3 Non-profit organizations and qualified moderate and low income buyers, see web site at www.BHAAuction.com for details.
A $2,500 Cashier’s Check, money order or Credit Card charge will be required to bid for each property purchased. The successful bidder must increase their deposit to 10% of the contract price at the auction. In this auction a 10% Buyer’s Premium will be added to high bid price to determine Contract Price.
PALA and BHA will be holding Buyer’s Seminar on Thursday, February 6, 2020, (6:30 pm registration, presentation 7:00 pm), at the BHA Central Office located at 1890 Laurel, Beaumont, TX 77701. During the Buyer’s Seminar, representatives from PALA and BHA will provide a short presentation on the auction process and answer questions. The houses will be open before the auction for inspection during two weekends – February 8th and 9th and February 15th and 16th. Please visit www.BHAAuction.com for specific times and other information on the auction.