The land is planned for a six phase development. The underground improvements and roads are compeleted for the first phase, which consists of 124 residential units. The cost of the underground improvements and roads was in excess of $1,700,000.
The Vernal area is a high growth area and a diversing economy. The newest Universty campus in Utah recently opened in Vernal. The Utah State Unversity campus extension was built to focus energy related educaton . The energy reserves in Eastern Utah are some of the largest in the world and attracts many large energy companies and housing demand is on the rise.
Detailed Documents
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Read and Agree To the "Terms and Conditions of Sale"
3.
Download and Complete the Bid Form which can be found in the Documents section for the property
4.
Remember your Online Bid amount must exceed the current High Bid of the property you are bidding on. For a Sealed Bid, your bid must be at least the published Minimum Bid amount
5.
Submit and Send your Bid Form and Bid Deposit (check, wire, personal, corporate or cashier's check) to Republic Escrow Corporation. Bid deposit will vary per auction: Refer to the Terms and Conditions for the auction you are interested in
For Online Bids:
Once Escrow receives your Bid Deposit and Bid Form, we will post your first
bid "Online" and you will be able to view it in the bid history. If someone places a bid higher than you, all
you have to do is click on the 'Bid Now' button and place a higher bid. Each "Online" bid is posted in real-time.
For Sealed Bids:
Once Escrow receives your Bid Deposit and Bid Form we will send you a confirmation notice that we have received
your bid and will notify you at the end of the auction if you are the highest bidder. If a Sealed Bid is switched
to an "Online" bidding format, we will then notify you that the auction you submitted a Sealed Bid for has gone
"Online" and at that point you may place "Online" bids by clicking the "Bid Now" button.
Please contact the Property Representative if you have any questions regarding the bidding process. We invite you
to place a practice Online bid on our Demonstration Auction.
Naturally a bid deposit is not required, but you must be a registered LFC user. Click here to place a practice bid.
