NOT SOLD (BIDDING OVER), HIGH BID WAS
1,350.00USD x 159 unitsby ButlerBid+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2024 Nov 23 @ 13:38UTC-5 : EST/CDT
PALLACK FARM/ HARMONY PA
EXTENDED BIDDING IN PROGRESS.
ENDS SATURDAY NOVEMBER 23 , 1:00 PM
MAIN OFFICE NUMBER :
OFFICE 724-528-2550 X 206 (AUCTION DAY/AUCTION CONF. ROOM)
LOOMISGROUPCO@GMAIL.COM
BIDDING HAS BEEN EXTENDED TO NEW DATE.
DO NOT CONTACT THE SELLERS DIRECTLY. ALL INQUIRES DIRECTLY TO LOOMIS AUCTIONEERS .
GAS/OIL / ENERGY ROYALTY RIGHTS FOR 159 ACRES
ROYALTY REVENUE PROCEEDS REPORT & LEASE AGREEMENT AVBL BY REQUEST, AFTER REGISTRATION.
THE RIGHTS ARE NOW OWNED BY MR. JOHN PALLACK
THE BUYER WILL ASSUMED THE CURRENT LEASE WITH A 70% POSITION.THE LEASE IS A NON EXPIRING LEASE.
THE OTHER 30% IS INCLUDED IN THE SALE OF THE FARM ( LOT 1H, 2H,2HA oR 3H ) THE FARM ISO OWNED BY MR.& MRS. DOUG PALLACK .
CURRENT LEASE CAN BE VIEWED UPON REQUEST BY Registered BIDDER.
PER MR. JOHN PALLACK THE HIGHEST YEAR Royalties OVER $200,000 , 2023 $119,000.00 . WE HAVE REQUESTED A CPA REPORT OF THE ROYALITES FROM THE PREVIOUS
YEARS. ALSO AVBL TO REGISTERED BIDDERS BY REQUEST .
THE RIGHTS ARE OFFERED WITH THE SELLER'S RESERVE PRICE. FINAL BID SUBJECT TO THE SELLER;S APPROVAL .
DOES NOT INCLUDE THE REAL ESTATE.
PER JOHN PALLACK: THE HIGHEST YEARLY RETURNS OVER $200,000,2023 RETURNS WERE APPROX: $119,000 . HE RECEIVES CHECKS MONTHLY.
REGISTERED BIDDER CAN REQUEST A SCANNED COPY OF THE LEASE. MR. PALLACK'S ACCOUNTING FIRM IS TO PROVIDE A PREVIOUS YEAR'S REPORT OF ROYALTIES.
OFFERED WITH THE SELLER'S RESERVE / RIGHT TO ACCEPT OR REJECT ANY AND ALL BIDS INCLUDING THE FINAL BID. THE AUCTION COMPANY WILL PROVIDE THE BIDDERS THE SELLERS FINAL DECISION WITHIN 72 HOURS OR LESS OF THE CONCLUSION OF THE AUCTION
Auction Location:
VARIOUS, WEST MIDDLESEX, Pennsylvania, 16159, United States
Previewing Details:
(724) 528-2550 / Email: loomisgroupco@gmail.com
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
10% |
Additional Fees:
Shipping Details:
PLEASE DO NOT BID UNLESS YOU CAN PICK UP AT THE DESIGNATED PICK UP TIME(S).
ALL LOTS SOLD FOB PICK UP LOCATION.
Location Contact: Justin @ 724-815-1958
Office Contact: 724-528-2550 / Email 24/7 loomisgroupco@gmail.com
Payment Details:
Your registration credit card can not be used to pay for purchases. You must pay at pickup by credit card ,cash,bank wire or pre-approved check. No out of state checks.
Payment: All bidders must supply credit card (full) information prior to bidding to be eligible for bidding. DO NOT BID, if you do not have the ability to pay, or if you do not agree with the terms and conditions of the auction, or payment conditions and post auction sales agreements. All invoices must be paid within 24 hours of conclusion of auction, or receipt of invoice. If you do not pay (no matter the amount) you will be in legal jeopardy.
All items (including real estate) are sold AS-IS, WHERE -IS. It is the buyer's liability to inspect prior to bidding. We provide several inspection opportunities for each auction. All descriptions are provided by the sellers. No refunds, arbitrations, credits, or exchanges of any kind, whatsoever.
ALL PAYMENTS are due at the conclusion of each auction day. PICK UP/CHECKOUT ON DESIGNATED PICK UP DATE(S) AND TIME(S) AT THE END OF AUCTION. PLEASE DO NOT BID UNLESS YOU CAN PICK UP AT THE DESIGNATED PICK UP TIME(S) AND PAY. IF YOU ABANDON THE GOODS, YOU ARE STILL 100% LIABLE TO PAY IN FULL.
We accept credit cards, direct money wire, certified moneys, or pre-approved bank check, with credit card back up. A 4.5% ADDITIONAL PROCESSING FEE IS ADDED FOR CREDIT CARD PAYMENT. All lots (items) may be subject to a seller's reserve in this auction.
All real estate deposits and buyer’s premiums, must be paid in full within 2 business days, with the signed auction real estate agreement. All agreements are published on site, far in advance to the end of auction for review. Loomis Auctioneers reserve the right to delete, deactivate, deny, cancel, any bidder for any reason, whatsoever.
Accepted Payment Methods:
- VISA
- Master Card
- Money Order/Bank Draft
- Wire Transfer
Bidders and end buyer have read, understand, and agree to the terms and conditions of all lots and real estate agreement prior to bidding, and buying. Buyer may not delay for attorney review, post point of sale. All deposits and buyer's premiums must be paid, per agreement. ALL LOTS SOLD AS-IS, NO EXCEPTIONS/ BUYER'S FULL LIABILITY FOR FULL PAYMENT ,EVEN IF YOU ABANDON THE GOODS. DO NOT CLICK BID,UNLESS YOU HAVE THE ABILITY TO PAY , AND FULL INTENTIONS TO FULFILL THE BUYER TERMS. NO EXIT STRATEGY OR EXCEPTIONS. PLEASE DO NOT BID UNLESS YOU CAN PICK UP AT THE DESIGNATED PICK UP TIME(S).
Loomis Auctioneers reserves the right to cancel, extend, reschedule, or omit any auction or specific lots, or lot for any reason, whatsoever. Auctioneer's discretion at or before the point of sale. To include issues, that would compromise the fair market value, that include weather conditions, "Act of God", bidding attendance, live location, or online/ internet, lack of interest, or other. All bidders, buyers agree to “hold harmless” Loomis Auctioneers of any liability, whatsoever.
This is not an absolute auction. Items sold with seller approval. Most auctions have seller’s approval of acceptance of final bidding.
Reserve Auctions: In any reserve auction, the seller has the right to bid, on any and all items, per auction regulations. The auction company reserves the right to bid on the seller’s behalf, or both.
All lots paid in full at time of checkout on designated pick up day(s) and time(s), without exception. All real estate deposits and buyers premiums, must be paid in full within 3 business days, with the signed auction real estate agreement. All agreements are published on site, far in advance to the end of auction for review. Buyer may not delay for attorney review, post point of sale. All deposits and buyer's premiums must be paid, per agreement. DO NOT BID unless you have the ability to pay, and agree to all terms and conditions and post auction sales agreements.
Any out of state bidders/buyers must supply valid credit card. In addition, Loomis Auctioneers Inc. may require a driver's license or I.D. to establish authenticity of registration. Loomis Auctioneers Inc. reserves the right to deactivate, blacklist, and pursue legal action, in the event of alleged wrongdoing, bogus, or fraudulent registration information, and/or attempting to bid and buy with false information.
A 4.5% ADDITIONAL PROCESSING FEE IS ADDED FOR CREDIT CARD PAYMENT. All lots (items) may be subject to a seller's reserve in this auction.
ALL LOTS/ITEMS SOLD AS IS. All descriptions, marketing, representations,and auction lot claims, are provided by seller. Bidders and buyers agree to "hold harmless" Loomis Auctioneers of all marketing claims. Any and all Internet auction items and lots are sold AS-IS. Loomis Auctioneers only provide image, and description of lot. Loomis Auctioneers do not make any claims, warranties, quality, or other claims. It is the buyer's responsibility to attend inspection days, or other, to perform any and all due diligence. Do not bid if you do not agree to these terms. No refunds or adjustments of any kind. In the event of any point of purchase rejections of any kind, Loomis Auctioneers and Seller reserve the right to resell the said lot or item. Original buyer will assume all advertising costs, fees, shortfalls of original selling price paid, and any other fees Loomis Auctioneers may charge, including $200.00 per professional fees associated with the refusal issue. Also includes real estate lots.
ALL LOTS AND REAL ESTATE SOLD AS - IS! THE BIDDERS AND BUYERS RESPONSIBILITY TO PREFORM ALL DUE DILIGENCE, PRIOR TO BIDDING.
Loomis Auctioneers reserve the right to re offer, extend bidding, cancel bidding, refuse any and all bids, during or end of auction. By bidding and/or buying, bidders and buyers agree to "hold harmless" Loomis Auctioneers of any and all liability and claims of any kind whatsoever.
DO NOT WAIT UNTIL THE FINAL MINUTES TO BID. YOU RISK BEING SHUT OUT BY DELAY, TECH ISSUES, OR ANOTHER BID BEING PLACED AT THE SAME TIME FOR THE SAME AMOUNT. WE SUGGEST TO PLACE YOUR MAX BID, NOW. THE SYSTEM WILL NOT REVEAL THAT AMOUNT, IF THERE ARE NOT COMPETING BIDS IN PLACE. YOUR BID WILL SIMPLY REFLECT THE NEXT BIDDING INCREMENT.
If technical issues occur please call
724-528-2550 ext. 214
TERMS AND CONDITIONS FOR ALL ONLINE & LIVE AUCTIONS
All auction items are sold AS IS, no returns, arbitration, negotiations, or refusals after auctioneer says “SOLD” and you are the successful bidder. It is the sole responsibility of all bidders to preform any, and all due diligence on all lots or items prior to bidding.
All real estate, and real estate lots are sold AS -IS, without any warranty, or guarantees of any kind , whatsoever. It is solely the bidder’s / buyer’s complete responsibility to perform any, and all due diligence pre auction. All due diligence, to include, but not limited to, structure, land content & acreage, lot sizes, dwelling, building, quality, deed descriptions, boundary and property lines, taxes, wetlands, contamination, any and all items. Sold AS - IS.
Buyer guaranteed a clear, transferable, title by seller for real estate. To close within 30 days, or indicated in the terms of sale, or, refund of all deposits and buyer's premiums.
Loomis Auctioneers Inc. assumes no liability whatsoever, for the said property/properties. Any and all information, descriptions, claims whether written or oral, are provided by the seller. All bidders / buyers agree to "hold harmless " Loomis Auctioneers Inc, auctioneer, and staff of any and all claims, or liability, whatsoever.
* By bidding, and / or buying you have read, understand, and agree to the terms and conditions of this auction.
All terms and conditions are implied to all “floor”, internet, phone, absentee, or other bidders & buyers.
Loomis Auctioneers are not liable for any third party appraisals or representations on any items or real estate, or any representations of any item or lot. All information and representations are provided by the seller.
The listings provided on our website and print advertising are for general information only. It is the buyer’s responsibility to qualify the condition and authenticity of the items presented. All items are sold AS-IS by Loomis Auctions, Inc. with NO representations, warranties or guarantees - either expressed or implied. Loomis Auctions and its employees are not held responsible for item descriptions as provided by the sellers. Terms such as gold or antique may be used simply as descriptors and not necessarily used to represent the actual value of the items presented.
Any description of items is provided for identification purposes only, and is based on information provided by the Seller and/or solely on visual observation of identifying features. The Auctioneer has not inspected the individual items to be sold, assumes no obligation to inspect the individual items to be sold, and makes no warranty or representation as to the nature of character of any item offered for sale.
Registered internet, pre-auction, absentee, location, phone bidders & buyers personal information is considered confidential, and not public information, or available, whatsoever. Considered sole and confidential property of Loomis Auctioneers Inc. To include; but not limited to, name, address, contact info, or other. Loomis Auctioneers Inc., auctioneer(s), or staff are not permitted to disclose this information or any information to anyone, no matter the circumstances at any time, whatsoever.
Auction Company or seller does not warrant or guarantee any brands, markings, or authenticity of any items. Do your own diligence and inspections prior to sale. Loomis Group Auctioneers, LLC assumes no liability if any item causes personal injury.
If an auctioneer sells an item and it is claimed by more than one buyer, that item is reopened (sold again) between those buyers only.
Bid rigging, “buddy bidding”, bid passing, taking turns bidding is a clearly identified in criminal and civil regulation claims and liability. To include any act to compromise in a negative way the market or perceived value of any item or lot. Any such act or action will be have swift legal action. W Auctioneers reserve the right to demand all involved parties to leave the auction, and possible action taken.
Any bidders / buyers inappropriate, disruptive, or other behavior, that would compromise the auction results of the auction or any lot(s) will be considered willfulness, with intent. Said bidder / buyer will be subject to any and all possible claims to include; but not limited to, civil action, lost margins, punitive damages, or other.
After buyer purchases an item or lot, they are completely responsible for that item(s). Auction company or sellers are not responsible for buyer’s items after the buyer purchases the item or lot. Auction staff can not assist in post sale load assistance due to liability issues.
Buyer(s) / bidder(s) and all accompanying, agree to hold harmless Loomis Auctioneers Inc, staff, shareholders, and seller for any and all liability, such as accidents, item, or purchase lot loss, damages, and, or loss by act of God. By bidding and buying, I have agreed to this condition.
Loomis Auctioneers reserves the right to cancel, extend, reschedule, or omit any auction or specific lots, or lot for any reason, whatsoever. Auctioneer's discretion at or before the point of sale. To include issues, that would compromise the fair market value, that include weather conditions, "Act of God", bidding attendance, live location, or online/ internet, lack of interest, or other. All bidders, buyers agree to “hold harmless” Loomis Auctioneers of any liability, whatsoever.
By registration for a buyer’s number, you agree to “Hold Harmless” Loomis Group Auctioneers, LLC. and it’s staff, directly or indirectly, of any claims, liability, or representation of any lot item, or real estate in the auction.
The seller, and all parties directly and indirectly related to or associated with the seller, estate, owner, or corporation, agree to the following: To hold harmless Loomis Auctioneers, Inc., and its auctioneers, shareholders, and staff, of liability of any claims, to include any and all negligence claims. To include, but not limited, to any claims of negligence, gross negligence, or intentional negligence of any kind, whatsoever.
Once an online auction bid is placed by the bidder it can not be cancelled, deleted, or dismissed for any reason whatsoever. Buyer holds full liability for the bid and full payment if winning bidder. If the item is resold for any reason, the original buyer assumes all liability for any shortfalls, legal fees, buyer's premiums, marketing and office fees. If the items fetches more, the original seller assumes the overages, and all mentioned fees still apply to the original buyer.
All items, including Real Estate, are sold "AS IS", "WHERE IS" and "WITH ALL FAULTS" without warranty of any kind. Without limiting the generality of the foregoing, there are NO WARRANTIES OF TITLE, NON-INFRINGEMENT, MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE.
Payment Terms: 100% payment on sale days. Cash, certified checks, company checks only with letter of guarantee from bank, credit card, (4.5% Additional processing fee added to all credit card transactions). All checks require a credit card back up. All items sold AS-IS. Auction company assumes no warranty or liability of any kind, whatsoever. Each buyer is responsible for their items or lots after bought. No reimbursements of any kind. *Real estate payment terms may vary. Location Auctions, all lots paid in full on sale day. Internet auctions, all lots paid in full via credit card sale day. Or credit credit card back up pre-auction and bank wire in full, the next business day. No personal or company checks, whatsoever, unless bank letter of guarantee, and a release for bank to advise Loomis Auctioneers Inc. if there are sufficient funds in the account. Real Estate deposits and buyer’s premium payments CAN NOT exceed 3 business days.
In the event of non payment, bad check, or fraudulent payment of any kind, buyer agrees for Loomis Auctioneers to file a confession of judgment, and collect all damages. Not only limited to cost of goods, in addition to, but not limited to legal and collections fees, court costs and recovery fee. In the event the said purchases must be resold, the original buyer will responsible for the loss or shortfall, and all expenses associated to the second sale of the goods. Original buyers “holds harmless” Loomis Auctioneers and it staff from any and all liability, whatsoever. In the event of non payment, the buyer is responsible, and liable for Loomis Auctioneer's full buyer's premium and commissions included in the claim amount or judgment. In the event the lot is resold, due to nonpayment, and the lot(s) sell for more. The original seller is entitled to all overages. The defaulted buyer has lost any, and all rights of purchase, or ownership.
DO NOT BID IF YOU DO NOT HAVE THE ABILITY TO PAY!
For all internet and live auctions, once a bid is placed by a bidder, there is no exit strategy to delete, dismiss, withdraw, or cancel the bid, for any reason, whatsoever. Do not bid unless you have the intent to do so.
A Buyer's Premium of 10%, more or less, is added to all final bids. Buyer’s premiums are nonrefundable.
By registering for a buyer’s number you have agreed to the terms and conditions of this Auction. Loomis Auctioneer's reserves the right to deactivate, deny bidding rights, or deny registration for any reason , whatsoever.
By bidding, each bidder acknowledges and agrees that such bidder has had a full and fair opportunity to inspect the items offered for sale, and is relying solely on the bidder's inspection and investigation. Each bidder further acknowledges and agrees that such bidder is not bidding based on any statements made by the auctioneer or online auction.
Any merchandise or lots remaining after the auction will be considered abandoned and owner will lose all rights and title to the merchandise, unless agreed arrangements are made with owner or auction company. If merchandise is or is not paid for, abandoned by bidder / buyer. The buyer /bidder will be responsible for, but not limited to amount bid, collections, fees, legal fees, labor, and disposal fees. There are no rights of abandonment, whatsoever.
Loomis Auctioneers reserves the right to deny or deactivate any bidder, at any time of any reason, whatsoever.
Payment: All payments in full auction day, or not to exceed two business days, for any reason whatsoever. Any and all real estate deposits, and buyer's premiums must be paid in full within 3 business days, after the point of sale, no exceptions. All agreements are clearly published far in advance of conclusion of auction. Buyer may not delay for attorney review, post point of sale. All deposits and buyer's premiums
must be paid, per agreement.
In the event of NFS check, stop payment check, or any non sufficient or fraudulent non payment of any kind. Buyer agrees and irrevocably authorizes any attorney in any court of competent jurisdiction and confess judgment without process in favor of Loomis Group Auctioneers for such amount as may then appear unpaid hereon, and to consent immediate execution upon such judgment. Not only limited to cost of goods, in addition to, but not limited to all fees, commissions, buyer fees, court cost, legal fees, and hourly in house fees by auction company. Buyer “holds harmless” Loomis Auctioneers, and staff of all liability, whatsoever. In the event of non payment, the buyer is responsible, and liable for Loomis Auctioneer's full buyer's premium and commissions included in the claim amount or judgment. In the event the lot is resold, due to nonpayment, and the lot(s) sell for more. The original seller is entitled to all overages. The defaulted buyer has lost any, and all rights of purchase, or ownership.
Any and all NFS checks will be charged a minimum of $100.00 office fee. After a 3 day grace period if not paid, a 10% of the amount due per day of the amount, and up to $1,000.00 in additional fees may be applied.
Buyers & Sellers agree to “hold harmless” Loomis Group Auctioneers, LLC staff and offices of any and all liability whatsoever.
Once a lot(s) is purchased by a buyer, at the point of sale, the sale is to be considered a binding legal contract of sale. If for any reason whatsoever; the buyer refuses, returns, rejects, non payment, or other, the said lot(s) will be resold. The original buyer(s) will assume all fees, commissions, buyer(s) premiums, from the original sale, and the resale. In the event the said lot(s) assumes a short fall, the original buyer will assume any and all shortfall(s) and liability. To include, but not limited to, the short fall, fees, legal costs, marketing, reasonable processing fees, and all associated costs. In the event the resale price fetches more than the original sale, the original buyer still assumes all first sale fees, costs, commissions, and buyer’s premiums. The original owner will retain the resale overage, final price. The original buyer forfeits any and all rights to the second sale profits and ownership, however, assumes all liability, no matter the outcome of the second sale.
In the event of a resale of real estate, or any lot, due to buyer default, the original buyer assumes the liability to pay the 10% deposit, the 10% buyer’s premium, and said commission within 3 business days of confirmed default, as a “default charge back”. This does not release the default buyer from the next sale price shortfall, (from original) marketing, legal, and collection fees. In the event of an overage price in the next sale, the original seller will retain the said overage, releasing the original buyer from the short fall statute, only.
In the rare event a buyer's return is accepted. A 10% restock or sell fee is deducted from the reimbursement price. Resell terms and conditions may still apply.
Internet Auctions: Overtime, and last minute bidding extension may apply (Extensions by vary auction to auction.) Auction company reserves the right to implement a one time, 15 minute bidding time extension, in the event a bidder attempts to place last minutes, or seconds, bids. Thus, creating unfair "closeout " or counter bid time, to other bidders. This will be know as one time added time of reconsideration, or FINAL LAST CALL, of an additional 15 final minutes. In the event there are no last minute or seconds bid on the original countdown time, bidding will close as advertised. All bidders understand, agree, and consent these terms, and hold Loomis Auctioneers harmless of any liability or claims, whatsoever. Location Auctions, all lots paid in full on sale day. Internet auctions, all lots paid in full via credit card sale day. Or credit credit card back up pre-auction and bank wire in full, the next business day. No personal or company checks, whatsoever, unless bank letter of guarantee, and a release for bank to advise Loomis Auctioneers Inc. if there are sufficient funds in the account.
Any and all Internet auction items and lots are sold AS-IS. Loomis Auctioneers only provide image, and description of lot. Loomis Auctioneers do not make any claims, warranties, quality, or other claims. It is the buyer's responsibility to attend inspection days, or other, to perform any and all due diligence. Do not bid if you do not agree to these terms. No refunds or adjustments of any kind. Information provided by the Seller(s).
Reserve Auctions: In any reserve auction, the seller has the right to bid, on any and all items, per auction regulations. The auction company reserves the right to bid on the seller’s behalf, or both.
Business / Trade Auctions: Any buyer(s) issuing a company purchase order for their auction purchases, agrees the following. Loomis Auctioneers terms and conditions take a priority (trumps), and/or, a first position, over the buyer terms and conditions on purchases order.
Any bidder that disrupts, slanders, devalues, makes unjustified claims, or claims of any kind whatsoever, regarding the sale of an item, real estate, or lot, will assume any and all liability. To include, but not limited to, the price shortfall(s), creating the lot for a “no sale”, or interfering with the outcome of the sale of item. Buyer agrees, Loomis Auctioneers may take action against bidder for any and all shortfalls, lost sales, and other damages created by the bidder’s conduct, or claims. To include, but not limited to; lost profits, commissions, buyer’s premium, the shortfall of actual values, and all legal, and court fees. Any bidder, or potential bidder that attempts, suggests, or promotes the following is considered highly inappropriate, subject to civil and other actions, and claims. To include, but not limited to actions, or attempts to compromise, or disrupt the end price of this real estate, or any lot at this, or any auction. Such actions would include, but not limited to, bid rigging, bidding collusion, bid arranging, bid passing, agreeing not to bid against another bidder(s) to effect the end price, verbal slander to devalue the lot, or other reasons. Such actions are subject to civil, and other serious claims that are violations of the Pennsylvania Law, that governs such actions at auction. Loomis Auctioneers Inc. will enforce this point of their terms and conditions without hesitation.
Online bidders that do not pick up on designated times risk losing the goods with full liability to pay in full. A $50.00 special pick up fee applies if Loomis Auctioneers agree to a special late pick up.
I have been given these terms and conditions at registration. Prior to bidding, and buying, I have read, understand, and agree to the above terms and conditions of this auction. All internet auction buys and transactions must be paid by credit card, or other pre approved payment methods within 2 business days of conclusion of auction. Any extended days without approval will be considered violation or breach terms & conditions. Loomis Auctioneers reserves the right to enforce the terms and conditions. By registering and bidding, you have agreed to, and have reviewed the online terms and conditions.
Real Estate buyers agreements are posted and available online, and available for review prior to and on auction date, or at conclusion of auction. DO NOT BID, if you have not read, agree to, or will sign said agreement or terms and conditions.