We will have all forms and disclosures available to the Home Sold To The Highest Bidder Auction Event.  All
rules for the event will be posted for every visitor to read.   You may also requet a short "Questions and Answers
About Round Robin Bidding" by requesting at mazz@propertiesinbend.com

The price listed on the Central Oregon Association of Realtors MLS site is a MINIMUM BID only and does not
indicate the sales price for this property.  No representation of such has been made or implied.

EXIT Realty Bend are representing the SELLERS in this transaction unless otherwise disclosed and agreed
upon by BUYER(s).  EXIT Realty Bend in no way has implied BUYER representation with this property.

Buyer may use a licensed real estate agent for representation in the bidding, negotiation and purchase of this
property.  EXIT Realty Bend requires that any agent representing a buyer MUST BE PRESENT at time of
initial bid and register as a representative of a buyer.  Buyers agent understands that EXIT Realty Bend will
engage represented and unrepresented buyers in a round robing bidding process and understands that EXIT
Realty WILL NOT engage directly with buyers agent in the robin robin process unless available at, when and
where the round robin process takes place and will be available at, when and where a sales contract to
purchase is completed.  At, when and where indicates exactly as set by EXIT Realty Bend. Buyers agent further understands that in order to receive any compensation, as indicated in the MLS, buyers agent MUST fulfill all remaining obligations of a buyers agent including submission of full loan approval of buyer within 24 hours (as
listed in Term of Sale) and all other duties of a buyers agent.

This is NOT a bank owned or short sale property and property is being sold AS IS.

Questions and Answers About The Bidding Event

FINAL AGREEMENT: On Monday, the day after the sale, an agreement will be filled out between the owner (representative) and the winning bidder. At the time of filling out an agreement the buyer will provide an earnest money deposit, which will be held by title upon mutual agreement of parties. The purchase agreement will be in the form of a real estate contract currently used in the State of Oregon and such contract shall govern all rights, duties and obligations of all parties. Terms of this contract shall supersede any terms to the contrary contained herein. If the winning bidder fails to sign the purchase agreement and deliver earnest money with such agreement by the end on Monday, August 9, 2010, the day after the sale, will disqualify that bidder. If the winning bidder is disqualified, the next highest bidder has the opportunity to buy the home at their final bid price (as long as it is acceptable to the seller(s).

PURCHASER QUALIFICATION: Bidders must obtain financing for the home, if applicable, within 48 hours of finalizing the agreement. Proof of the buyers ability to pay the purchase price and/or qualify for financing, must be in the form of a written letter of qualification from a financial institution. Purchaser should plan on conducting the closing within 30 days and no longer than 45 days from the open house date.

Should the winning bidder fail to show their ability to pay the purchase price, or meet the requirements for deposit and financing proof, or prove unable to close the sale within the specified period, the owner reserves the right to terminate their agreement and offer the property to the next highest and best bidder under the same stipulations. Until an agreement is completed, the owner reserves the right to reject any and all bids and terminate the sale process at any time without explanation to any potential buyer.

CLOSING COSTS: All closing costs are at buyer(s) expense unless otherwise specified. Owner is responsible only for payment of state and local conveyance taxes, if any, and shall provide an American Land Title Association (“ALTA”) Title Commitment. Taxes for current year shall be prorated. The parties will follow the standard expense allocations as provided in the real estate contract. Buyer has 10 days to conduct inspections for the home just like any other real estate transaction; however, home is being sold AS IS.

SALES INFORMATION/POSTPONEMENT/CANCELLATION: Owner, in its sole and absolute discretion, hereby reserves the right to postpone or cancel the sale for any reason whatsoever. In any event the sale may be cancelled altogether or postponed to an alternative weekend. Notice will be given to all using the best possible means at the determination of seller and Realtor. We encourage you to call leaving your name and phone number specifically for this purpose to  541-480-8835 .  This is a sale with a Minimum Reserve. Owner may or may not accept offers below their undisclosed reserve.

BUYER REPRESENTATION:  Buyer understands that EXIT Realty Bend and its associate(s), Juana Beede, represent the seller with this property. Buyer further understands that he/she/they, unless represented by their own real estate buyer’s agent, will enter into a disclosed limited agency agreement for the purpose of bidding and representation in writing of an offer with this transaction. A disclosed limited agency agreement for the buyers will be required for potential buyers to bid and write an offer on this property unless represented by a licensed real estate agent in the State of Oregon. A copy will be provided to each bidder the days(s) of sale.