Nathan Sommers Jacobs hosts 473 Oriental, Caucasian & Persian Rugs being sold at a Public Foreclosure Sale

Thu Jan 23, 2014 10:00AM
2800 Post Oak Blvd 61st floor
Houston, TX


On January 23, 2014, at 10:00 a.m. CST, SOUTHPORT INVESTMENTS, LP, as the foreclosing secured lender, will conduct a public foreclosure sale of 473 rugs which are general dealer stock, and include Oriental, Caucasian and Persian rugs with dates ranging from the early 1800s to present (the “Collateral”), at the offices of Nathan Sommers Jacobs, a PC, 2800 Post Oak Blvd., 61st Floor, Houston, Texas 77056.
The Collateral will be sold in whole, as a single lot, on a strictly “AS IS, WHERE IS” basis, with all faults, and without recourse to Secured Party. Secured Party makes no representation or warranty, express or implied, as to the value, condition, merchantability or fitness for use of any of the Collateral or relating to title, possession, quiet enjoyment or the like, or any other representation or warranty with respect to the Collateral whatsoever, and Secured Party disclaims any such warranties.
The Collateral will be sold to the bidder with the highest bid for cash (in U.S. Dollars). The foreclosure sale will also be subject to certain bid procedures, which may be obtained as described below. Secured Party fully reserves the right to bid at the sale and to credit bid all or any part of the total amount of its secured claims in partial or full satisfaction of the purchase price. Secured Party further reserves its right, on or prior to the date of sale, to modify, waive or amend any terms or conditions of the sale or impose any other terms or conditions on the sale, and, if Secured Party deems appropriate, to reject any bids and/or to adjourn, delay or terminate the sale. The successful bidder at the sale will be required to relocate the Collateral within 24 hours and will be responsible for all storage and relocation costs.
Prior to the date of the sale, qualified bidders can schedule a physical inspection of the rugs between the hours of 8:00 a.m. and 5:00 p.m. CST, Monday through Friday, commencing December 16, 2013, through January 22, 2014, but excluding December 24th, December 25th, December 31st and January 1st.
To obtain bid procedures and for more information relating to the public sale announced herein or the Collateral, please contact Anna M. Virene, Nathan Sommers Jacobs, PC, 2800 Post Oak Blvd., 61st Floor,
Houston, Texas 77056, Telephone: 713-892-4872, Fax: 713-892-4800 or email




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