Questions:

• Where is the office located?
• Email?
• What are the hours of operation?
• What is the compound address?
• Do you have driving instructions to the compound?
• Can I get a map to the compound?
• Can I view an asset before bidding on it?
• What is the condition of the asset, are the tires good, what about the transmission?
• When can I view a vehicle?
• Can I test drive the vehicles?
• Can I dismantle a vehicle?
• How can I get a bid form?
• How do I submit my bid?
• How much should I bid?
• What is the reserve price?
• What if there are similar bids?
• Does the highest bid get to purchase the asset?
• What is a withdrawal of asset from sale?
• Successful bids
• Unsuccessful bids
• Why is a deposit needed?
• Are deposits refundable?
• When is the sale closing date?
• If successful, when do I have to pay and close the sale?
• What if I can not pick the item up immediately?

Our business office is located at 3120 - 30th Avenue, Vernon, BC, V1T 2C2.
Phone: (250) 545-6088
Fax: (250) 260-6070

Sales and bidding inquiries: sales@junction.net
Administrative and bailiff inquiries: bailiff@junction.net

The office is open from 8;00 AM to 5:00 PM Monday through Friday. Closed on statutory holidays.

The sale compound is located at 4311-A 25th Avenue, Vernon, BC

Leave highway 97 and turn west at the 25th Avenue intersection (there are traffic control lights at this intersection) and travel along 25th Avenue out towards Okanagan Landing and Okanagan Lake. This is the only turn required to get you to our compound. Continue going west until you pass the intersection at 42nd Street. It has traffic control lights and there is a Super Save Gas and a Petro Canada service station at this intersection. You are now within a block of our sales compound at this point. On the left side of the road, you will see the city of Vernon sewer plant, and on the right side you will see the Van Kam Freightway yards, but before the Battery Shop and the All Brand Auto Sales lot. There is no Building - only a secured chain link compound at the rear of the building at 4311 (Lo-Cost Gas and Coates Funeral).

You are encouraged to view any items we have for sale before making your bid. If you are from out of town, have a friend or a relative attend and view the asset for you.

Most of the assets offered for sale on this web site are located at our sales compounds. If the asset is at another location, this will normally be stated clearly along with the assets description and particulars. At times, viewing will be by appointment only, such as is the case with businesses for sale, land and realty sales, and mobile homes set up in parks. In those cases, phone the office to arrange a suitable viewing with one of our Bailiffs.

We sell only on an "as is-where is" basis.

Many people retain the services of a mechanic or some other knowledgeable person to attend the sale compound, inspect and then report the condition of an asset to them before placing a bid. This practice is encouraged. Our staff is not permitted to give opinions or report on the condition and/or fitness of the assets to our customers. We do not represent the condition of our assets. Please do not ask our staff or lot attendants to give an opinion on such matters. They are not mechanics and their opinions cannot be relied upon. The duty of inspection lies totally upon the bidder.

There are no returns or rights of rescission express or implied. All sales are final.

The sales compound is open to the public for one hour each week day, from 9:30 am to 10:30 am. The compound is not open on the weekends.

Road tests are not allowed. We carry only storage insurance and the vehicles cannot leave the compound. We provide the keys to the vehicle to interested parties upon request. If the battery is low or dead, we have jumper cables and batteries available to assist starting the vehicle. The vehicle can be put in motion inside the confines of our compound only.

We do not allow dismantling of the vehicles with the assistance of wrenches and tools, nor the removal of any engine parts for inspection.

There are four easy ways to get a bid form, as follows;

• On-line from this web-site using the "Bid Submit" button.
• Attend our downtown office and ask for a bid form.
• Ask the sales attendant at the sales compound for a bid form.
• Phone and we will fax a blank form to you.

All bids forms should be fully completed and submitted

• On-line
• Faxed
• E-mailed
• Dropped off at our sales compound
• Delivered or mailed to our downtown offices

Bid what you feel the asset is worth to you. If we receive a higher bid from another person, you will not be contacted and you will miss out on the opportunity to purchase the item.

A "reserve" is a guideline used by some secured creditors to indicate the lowest price that they would consider taking for an asset. Under no circumstances will this figure be released to the public. Please do not ask.

In some cases it happens that there are two or more similar bids, on those occasions, only those with similar bids will be contacted and will be given a given an opportunity to increase their bids, until just one person has the highest bid. Bid increase increments lesser than $250,00 each are not acceptable.

Not necessarily. Being the high bidder merely entitles you to secure your bid with a Bid Security Deposit , normally in the amount of $500.00. Once your bid has been secured your bid is then forwarded to the secured creditor who will make the final decision to accept or reject the offer. This process is normally completed within 24 hours.

The creditor reserves the right to withdraw the asset from sale at any time prior to offer and acceptance of a sale. The highest bid will not necessarily be accepted.

If you are the successful bidder, we will contact you and request a bid security deposit. The deposit must be made before we can proceed to submit your offer to the creditor. If your bid security is not received within 48 hours of our requesting it, we are free to conclude from this that you have withdrawn your bid.

Unsuccessful bidders will not be contacted. You will know that your bid was not successful because we have not called upon you to place a bid security deposit.

All secured creditors request that bids be secured before we submit them for consideration. The creditor goes through a review process before accepting an offer, and does not wish to have to do it more than once on each asset. The deposit simply ensures that the bid is in good faith, and that the sale will close. If the creditor accepts the bid offered, the bid deposit will be credited to the purchase price at closing time.

If the bid is not accepted by the secured creditor the bid security deposit is fully refunded without delay. The only time a deposit is not refundable is when a purchaser defaults on closing of the purchase after he has received an acceptance of his bid.

Unless otherwise noted, sales are held open until an offer is received that we feel would meet the marketing target objectives of our clients, all things considered. Upon receiving an offer that meets those objectives, we will call for a bid security deposit and submit the offer for consideration. As long as bids received fall below those expectations and objectives, our marketing efforts will continue to obtain the best possible selling price for the asset.

All sales must close within 2 business days of acceptance of the offer. An additional grace day will be allowed out of town purchasers, and under some special circumstances, the time can be extended by mutual agreement.

Under normal circumstances you are expected to remove the sold item from our sales compound within a day or two of the closing of the purchase and sale. We normally attempt to accommodate out of town buyers with special circumstances and needs by holding the asset for them for a reasonable period after purchase. Please inquire if we can accommodate your needs. At certain times our compound is very short of room and is needed for incoming inventory.