Xome Auction Participation Agreement

Some properties can also be purchased immediately at a fixed price without waiting for the auction to close. Xome calls these properties “Own It Now”. Xome is a national real estate auction site based in Texas with offices in Seattle, Denver, Pittsburgh and Chennai, India. Xome also has a variety of subsidiaries and departments that offer securities services, mortgage solutions, field services, valuations, notary signatures, etc. While it`s free to register for an auction, buyers must accept a $1,000 ban on each event each event each time they register. If a buyer ends up winning a property, Xome adds a 5% “buyer`s premium” to their winning offer. This becomes the new purchase price of the property, with no closing costs. All persons who register for an auction, including all bidders, unconditionally accept this Agreement in its entirety in connection with the use of the Website. You acknowledge and agree that this Agreement, the Terms of Use and the Privacy Policy set forth the only rights and obligations that apply to the matters addressed in such documents and that such documents may not be contradicted by evidence of prior, concomitant or subsequent oral agreements or representations by you, your seller, service provider, broker or auctioneer. You agree to comply with all terms and conditions set forth in this Agreement, the Terms of Use and the Privacy Policy. You further agree that you have no recourse with the Auctioneer or the Site, as these parties are not involved in the actual transaction between you and the Seller (and, if applicable, the Servicer). You further agree that the Auctioneer and the Site do not accept any control or liability for any issues that may arise from a transaction between you and the Seller (and the Servicer, if any).

5. If you win the auction, you will receive an email asking you to review a purchase agreement and sign it electronically. The final purchase price will be adjusted to your winning bid plus a 5% “buyer premium” that will pay both Xome`s brokerage commissions and service fee. .