Auction Terms & Conditions General Information: The placement of a successful bid at 4c's Auction establishes a legally binding contract between the successful high bidder and 4c's Auction. The successful bidder is legally bound to pay for property with his/her bid.
Sales Disclaimer: IMPORTANT NOTICE TO ALL BIDDERS: The vehicles offered in this public auction are offered in an "as is, where is" condition. 4c's Auction | Caffey Enterprises Inc. | My Title Guy, does not warrant the condition, quality, or merchant ability of the property, its fitness for any use or purpose, its ability to pass a safety inspection, or its ability to pass a motor vehicle emissions test prior to registration. Efforts have been taken to ensure that the vehicles offered for sale should be acceptable for licensure, registration, and title action by the state department of motor vehicles; however, despite all best efforts, some exceptions may arise.
Eligibility of Bidder: The Bidder warrants that he/she is not:
a) Under 18 years of age;
Reserve: These auctions are conducted with reserve and non reserve. 4c's Auction | Caffey Enterprises Inc. | My Title Guy, reserves the right to approve the final transfer of property the successful bidder, even after the auctioneer states "sold" or after the auction lot closes. 4c's Auction | Caffey Enterprises Inc. | My Title Guy, does not/ will not disclose the reserve amount. In addition, 4c's Auction retains the right to reject any bids for any reason or to make counter offers or accept back up offers at their sole discretion. Please note: there will not be a "Reserve Met" or "Reserve Not Met" disclosure during the auction.
Preview & Inspection: Bidders are urged to inspect property/merchandise prior to bidding. Failure to inspect shall not constitute the cause for cancellation of sale. Property/merchandise is available for inspection only at place and time specified by 4c's Auction | Caffey Enterprises Inc. | My Title Guy and notated in each vehicle description. Absolutely no access to property/merchandise is allowed without prior 4c's Auction authorization. 4c's Auction may, at its discretion, provide photographs of the property/merchandise as a courtesy to bidders. Bidders are warned against bidding on any lot(s) based solely on the sample displayed or on the basis of photographs. 4c's Auction makes no warranty in relation to these samples or photographs. All persons attending preparation, preview inspection, sale or removal of merchandise assume all risks whatsoever of any damage or loss to person and or property and specifically release the 4c's Auction of any and all liability. No one under the age of 18 will be allowed to enter the auction area. Each registered bidder may have two companions in the auction area. No oversized bags or electronics are allowed in the auction area.
4c's Auction | Caffey Enterprises Inc. | My Title Guy, reserves the right to add or delete vehicles to and from the auction at any time.
"As-Is, Where-Is": These assets will be auctioned AS-IS, WHERE-IS, WITH ALL FAULTS, WITHOUT WARRANTY OR GUARANTEE EITHER EXPRESSED OR IMPLIED, AS TO AGE, YEAR OF MANUFACTURE, MAKE, MODEL, ODOMETER, CONDITION OR ANY OTHER SPECIFICATION. DESCRIPTIONS OF VEHICLES, WRITTEN, PUBLISHED, OR ORAL ARE FURNISHED AS A GUIDE ONLY. NO GUARANTEE AS TO THE ACCURACY OF THE DESCRIPTION IS MADE. The Auctioneer shall not be responsible for the correct description, authenticity, genuineness, or defect in any lot and makes no warranty in connection therewith. No allowance, refund or set aside will be made on account of any incorrectness, error in cataloging, imperfection, defect or damage. Any descriptions or representations are for identification purposes only and are not to be construed as a warranty of any type. It is the responsibility of the buyer to have inspected the merchandise and to have satisfied him or her as to its condition and value and to bid based upon that judgment solely. 4c's Auction | Caffey Enterprises Inc. | My Title Guy does not certify the accuracy of the information presented by any third party company that assist in the sale, and will not be responsible for any error made on their behalf. Some vehicles may have branded titles. Branded titles or odometer discrepancies, when known, are announced and included in the description or noted on the vehicle. Absence of mention of branded titles or remarks does not constitute any warranty or guarantee.
Technical Bidding Details: All lots end with a "Soft Close." A "Soft Close" means if any bid is placed within the last three minutes of the close of the auction, the bid will automatically extend the closing time an additional three minutes. Example: If a bid is placed at two minutes until close, it will extend the closing time to five minutes. This feature protects bidders from being outbid without the opportunity to be notified and place another bid before the close of the auction.
Placing a "Maximum Bid." Please be aware that when placing your "Maximum Bid", the website will bid on your behalf up to your set maximum bid by the preset bid increment of $25. Example: The current bid is $1000 and the bidder enters a maximum bid of $5000. The system will bid at the preset increment of $25 until the bidders "Maximum bid" is exceeded. At that point the bidder will be notified that he/she has been outbid (if that option is selected when registering). High bidder will only pay $25 more than the competing bidder. Please watch the auction closing time stop clock to determine exactly when the lot will close.
Tie Bid Precedence: In the event of a tie bid, precedence is given to the earliest bid. Hypothetical Example: Bidder #1 places a $10,000 max bid on a vehicle that currently has a high bid of $5000. The high bid is now at $5,025. Bidder #2 places a max bid at $7000. Bidder #2 is immediately outbid by the $10,000 max bid and the high bid immediately adjusts to $7,025. Bidder #2 decides to place a $10,000 max bid this time. He does not surpass the initial $10,000 max bid by Bidder #1 therefore he is not the high bidder. In the case of a tie bid, precedence is given to the earliest bid.
Auction End & Bid Approvals: At the close of the sale, all bidders will be emailed their bid results and the totals will be forwarded to the USDT for final approval. Once we receive approval, you will receive an email notification that your bid has been approved or denied. Payment instructions will be given at that time. Buyers of IRS-CI property need to be aware that IRS has up to 3 business days to approve purchases. IRS-CI vehicles notated in the vehicle description. If a buyer purchases multiple vehicles that include IRS-CI assets the payment deadline for non-IRS-CI assets does not extend due to delayed approvals. Each vehicle is considered a separate purchase. 4c's Auction | Caffey Enterprises Inc. | My Title Guy in its sole discretion reserves the right to declare an item sold, postpone or cancel the auction, extend the bidding time for this auction (which may re-open bidding on closed items, if any) and/or re-list the property for auction at another date and time. The decision of 4c's Auction on this matter shall be final. Bidder acknowledges that, by registering in any auction held by 4c's Auction, Bidder accepts the terms and conditions of this disclaimer.
Payment: All items must be paid in full within 48 hours (2 business days) from the bid approval email. Acceptable forms of payment are Cash, Credit/Debit Cards by method of bank wire transfer or cashier's check with overnight delivery made payable to 4c's Auction 907 Dumont, South Houston, TX 77587. If payig by credit card 3% surcharge will result. Account information for bank wire transfers will be provided in the approval email. The wire transfer must include the buyer name and reference the lot(s) purchased. Buyer is responsible for all wire transfer fees charged by the financial institution. If fees are deducted from the total amount, buyer is responsible for balance due within the payment deadline. If full balance is not paid in full by the deadline, buyer is in default. Title work will be processed the following business day of bank wire posting to account. NO EXTENSIONS FOR FINAL PAYMENT WILL BE MADE FOR ANY REASON.
Unacceptable payment methods: No personal, business, or private issued checks, bank letters, or letters of credit will be accepted. Bidders should not attempt to finance any purchase through a bank or credit union, nor will the auction company negotiate with any lender. Bidders must have the funds available before placing any and all bids. Payment must be made by the successful registered bidder.
Default/Non-payment: The failure to make required deposit or final payments and/or comply with the timeframes specified in the sales catalog/brochure for removal of property shall be deemed forfeiture of any rights, title, and interest the Purchaser may have acquired. The title of such property shall revert back to the Government without further notice to the Purchaser and will result in any monies paid being forfeited. The transaction shall be null and void as to the Purchaser. The property will be processed for resale at the next available auction.
In addition, any Purchaser who defaults for non-payment will have their account suspended and bidding privileges revoked as follows:
a) Six-month suspension after second occurrence
b) Lifetime ban for any occurrence thereafter
Refunds: 4c's Auction | Caffey Enterprises Inc. | My Title Guy do not make refunds, adjustments, or returns. All purchases are final.
Tax, Title, License & other fees: 4c's Auction | Caffey Enterprises Inc. | My Title Guy is required by law to collect Texas Motor Vehicle Sales Tax in the amount of 6.25% of the sales price, pluse the buyers fee. $33 title transfer fee, and a $110 cocumentary fee, plus any icensing fees must be collected before the vehicle will be released.
4c's Auction | Caffey Enterprises Inc. | My Title Guy will file for title transfer within (20) business days of the purchase date.
Paperwork Processing: Once the funds are received, the title work will be executed utilizing the buyer's registration information and sent via email to have all copies signed. Once fully executed, the property release will be emailed to the buyer, the property manager, and region supervisor. The releasing agent's name and contact information will be presented on the property release document. Originals will be mailed to the buyer.
Property/merchandise must be paid in full before removal. A physical hard copy of your property release is required in order to pick up your property. It is the sole responsibility of the buyer to remove the property purchased by the removal date. All property/merchandise in a lot must be released to original buyer at one time. Removal is at the expense, liability, and risk of the buyer. Please do not make flight arrangements or schedule pickups in advance, until you receive authorization via email to do so. If original buyer intends on picking up the vehicle/vessel: Buyer (named on Bill of Sale) must show copies of the Bill of Sale, Property Release Form and valid ID. If buyer intends on sending an agent or transport service to pick up the vehicle/vessel: The buyer must complete the Release Authorization section of the Property Release stating that the named person picking up your conveyance is permitted to do so on your behalf. That person must show physical copies of that signed Property Release with Release Authorization section completed, the buyer’s ID, the agents ID, and Bill of Sale.
Shipping: It is the buyer's responsibility to arrange the shipping. 4c's Auction | Caffey Enterprises Inc. | My Title Guy will not ship any items. It is the responsibility of the buyer to remove the property/merchandise purchased by the removal date and to arrange for shipping. Removal is at the expense, liability, and risk of the buyer.
Collusion: Practices that eliminate competition, such as collusive bidding, may warrant criminal, civil, or administrative action against the participant(s) and may be referred to the Department of Justice (DOJ) in accordance with 41 U.S.C. 101-45.317.1.
Information Disclosure: The Purchaser agrees to the publication of his/her/company registered name, lot number, lot description and purchase price on the U.S. Department of the Treasury auction website. Electronic Freedom of Information Act Amendments of 1996 (5 U.S.C. 552 (2000)).
Technical Assistance: To serve you best, please direct all questions via email to email@example.com or call 713-946-3993. 4c's Auction | Caffey Enterprises Inc. | My Title Guy accepts no responsibility for loss of connectivity, technical difficulties, or any other circumstances beyond our control.
Technical Difficulties and Internet Issues: 4c's Auction | Caffey Enterprises Inc. | My Title Guy has made every reasonable effort to facilitate online bidding. However, it is possible that technical difficulties and internet issues may arise that affect 4c's Auction | Caffey Enterprises Inc. | My Title Guy website, bidding platform, computer, server or the bidder's computer, personal device or software which is beyond the control of 4c's Auction | Caffey Enterprises Inc. | My Title Guy. By registering Bidder acknowledges that 4c's Auction | Caffey Enterprises Inc. | My Title Guy is not responsible for technical difficulties or internet issues associated with a bid and that, in the event technical difficulties interfere with or prevent a bid, it may be necessary to withdraw items from bidding due to technical errors or uncontrollable circumstances. Further, in the event of the occurrence of a technical difficulty during an auction, 4c's Auction | Caffey Enterprises Inc. | My Title Guy in its sole discretion reserves the right to declare an item sold, postpone or cancel the auction, extend the bidding time for this auction (which may re-open bidding on closed items, if any) and/or re-list the property for auction at another date and time. The decision of 4c's Auction | Caffey Enterprises Inc. | My Title Guy on this matter shall be final. Bidder acknowledges that, by registering in any auction held by 4c's Auction | Caffey Enterprises Inc. | My Title Guy. 4c's Auction | Caffey Enterprises Inc. | My Title Guy ., Bidder accepts the terms and conditions of this disclaimer.
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