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Name:	TotheLake -	Reply
Subject:	John C., did you ever hear anything re: auction
Date:	2/22/2012 5:41:11 PM

down Coosa 20? I was just on the website and I still don't see it listed. I went today to check on our cabin off of 20 and the gate was open to the island so I rode out there to look. Have you been able to get any information? Thanks!

Name:	lakngulf -	Reply
Subject:	John C., did you ever hear anything re: auction
Date:	2/22/2012 7:06:39 PM

Lots of ads on the radio, and they say go to the auctioneer web site for info. Try this. Video and all. Not as good a video as John C though.

http://www.jpking.com/index.asp?r=3476&aid=3832&p=3832

Name:	Weatherly -	Reply
Subject:	John C., did you ever hear anything re: auction
Date:	2/23/2012 9:51:23 AM

All the info is on JP Kings website if you signup on their site. The details are: It's not an absolute auction, Alliant reserves the right to refuse any offer they deem to low. It's 20% down for the winning bid and you must close within 30 days of forfiet the 20% down. Alliant is offering financing at starting 4.75% on a 5 year term, amortized over 20 years with a baloon note due at the end of the 5 years. There is no buyer premium so you do not owe the auction company anything for their service above the winning bid.

Name:	TotheLake -	Reply
Subject:	John C., did you ever hear anything re: auction
Date:	2/23/2012 10:01:14 AM

Thanks for the info! Headed to the site now.

Name:	roswellric -	Reply
Subject:	John C., did you ever hear anything re: auction
Date:	2/23/2012 10:12:55 AM

Not absolute and 20% & 20 yr ammo.

I'm not sure how many they will sell. Usually its my-price-your-terms or your-price-my-terms.

Name:	John C -	Reply
Subject:	I can register anyone that wants to bid
Date:	2/23/2012 11:52:07 AM (updated 2/23/2012 11:55:20 AM)

they finally sent me the bid package. I can register anyone that wants to bid, since there is no buyer premium it doesn't cost you a dime to let me register you. They will pay me a referral fee out of their side, but it's only about 25% of the normal one for an auction like this, which to me is extremely curious, given the highly specialized nature of the auction and the lack of / late nature of info they have been able to give. Nevertheless, I am glad to help by registering people and getting them the MLS info and comparable sales that they need to bid intelligently.

The info posted by Weatherly is correct, it is not absolute. If you win the bid and Aliant thinks it's too low, they will simply say no, or, I would hope, counter offer you at a price where they want to sell. The folks I am helping with this auction - I am trying to make sure they are clear on that point.

They will allow internet bidding.

I would add that they told me you need a $50k cashier's check to bid. Also, in the registering process you have to state an opening bid amount. Again, this is highly curious to me. I thought the whole reason people went to auctions was to start bidding at a low price

Covenants and restrictions - despite my repeated requests, they are still unable to furnish covenants and restrictions on the development.

Anyone that would like help or more info - please call me at 334-221-5862 or email john@coleyre.com or email me through this site.

Re: video - thanks for the kind words!!! It is rare (maybe this is the first time?) that we get to compare ourselves with a competing video on the same property. Theirs was a different style and topic than the 4 or 5 we made of Water's Edge, of course, but it was fun to watch. I thikn the video company they hired has nice equipment, obviously. We laughed at the host, and joked about me hosting more sales videos like that. I doubt it. I have tried to talk my wife into being a video hostess like on HGTV but she refuses, I think my sales would skyrocket if she did!! One thing we thought was hilarious was all of the stock photos they dropped into the video - they are obviously not from the lake. Like when they talked about the great fishing at the lake, they had a picture of a guy fly fishing for trout in a mountain stream somewhere out west. Look at the trees in the background, do they grow anywhere in The South? Too funny. With all of the beautiful spots we have at the lake to fish, couldn't they have used a local picture? You know that local photographers (like our friend Mike) have tons of great pics they could use. Like I said, a very nicely produced video. I am guessing that cost them between $4k - $7k. But wouldn't it have been nice to have 10 videos that were less fancy but more informative? I have taught classes on internet marketing for other realtors and small businesses and my point is that it is much better to have 4 videos that are low tech yet informative than it is to have one highly polished yet lacking details. So many small businesses owners think you have to go big and spend big money on videos to be successful at helping your customers. Just not true. Look at me, look at Heather's awesome boat restoration videos as proof.

Name:	lucky67 -	Reply
Subject:	I can register anyone that wants to bid
Date:	2/23/2012 8:06:17 PM

good old ALIANT; wonder how many other great developments they need to get rid of, not to mention all the bad construction loans they made at the lake; now all they want is your deposits !!!

Name:	roswellric -	Reply
Subject:	I can register anyone that wants to bid
Date:	2/24/2012 2:44:19 PM

Not the good old Aliant. It's the new old Aliant. Different controlling interests... and maybe an "arranged marriage" by the FDIC.

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