ITEM ID#: Betts02
CASE NUMBER: #05-20285-PHX-RTB
CASE NAME: Betts, Dennis K. & Janet E.
 

NAME OF CAMPGROUND: Lo Lo Mai Springs Outdoor Resort, P.O. Box 3169, West Sedona, AZ 86340. (928) 634-4700.

MANAGEMENT COMPANY: Lo Lo Mai Springs, (520) 634-4700.

IMPORTANT LEGAL INFO: BKassets specializes in the liquidation of tangible and intangible bankruptcy assets. We sell all timeshares AS IS, WHERE IS, with no warranties implied or stated. This means that the Seller and the trustee are not responsible for problems (if any) with the title, the condition of the unit, or any liens or encumbrances against the unit. The buyer will be entirely responsible for this timeshare after the sale including but not limited to: paying any fees/costs associated with this timeshare, paying all fees/liens (if any), recording/transferring the title and gathering any paperwork/documentation necessary for that process. Seller and trustee are NOT realtors. BKAssets and the trustee shall be under no obligation to buyer except to provide buyer with a Trustee's Deed or Bill of Sale. All the information as to the item description has been provided by the management company/Resort. BKAssets cannot guarantee that all the information is accurate. BKAssets recommends bidders perform their own due diligence prior to bidding. As with any bankruptcy sale, this sale is subject to court approval. Please read sections of this ad carefully, especially for real estate sales. BKAssets does not send Second Chance Offers. Please beware of Second Chance Offer scams.

DESCRIPTION OF ITEM: Unfortunately Lo Lo Mai Springs was not very helpful in providing information about the membership. All we know is that the membership permits a minimum of a two week stay (it might be year round). We do not know if this is a lifetime membership or if there is an expiration date on this contract. Please contact the management company directly for information. Membership dues are approximately $504 per year for a new buyer. Past due fees were $259.71 as of 01/18/06 (includes 2 quarters from 2005 and 1 quarter from 2006). Fee to transfer $50.

LIENS: Past due fees: $259.71. We do not know of any liens.

AMENITIES: Hot Showers, Spring Fed Pond, Clean Restrooms, Propane, Heated Swimming Pool & Hot Spa, Convenience Store, Laundry, Club house, Children's Playground, Volleyball, Basketball, Horseshoes, Shuffleboard and Creek Swimming.

LOCATION: Lo Lo Mai Springs has been home to the Indians of central Arizona for centuries. This 26-acre camping resort adjoins Sedona's Oak Creek for three quarters of a mile, a waterway recently given federal recognition as a "unique waterway." But not only does the resort lie along the water, it lies above an ancient aquifer - a stratum of earth or porous rock that contains water. This wealth of underground water nourishes the giant cottonwoods, sycamores and evergreens that cover the land. This beautiful campground is perfect for "year-round" camping, fishing, hiking, swimming, and other recreational or relaxation activities. The campground offers ample space for tent and RV camping, or enjoy the quaint, clean, private cabins.

NOTES: This is all we know about this item. A title search was NOT performed on this property. BKAssets does not provide title insurance. If title insurance is desired, the buyer is responsible for obtaining it through a title company. A document preparation fee of $100 (payable to seller) will apply. Any fees/liens owing on this unit are not part of the final bid price. Serious bidders only. A bid submitted by a buyer is an agreement to our Terms. Buyers should not bid unless they fully intend to complete the sale in order to avoid the penalties listed in our Terms.