By virtue of the power and authority contained in a Deed of Trust dated December 17, 2018, and recorded at Instrument Number 180000752 in the Clerk’s Office for the Circuit Court for Craig County, VA, securing a loan which was originally $184,931.00. The appointed SUBSTITUTE TRUSTEE, Commonwealth Trustees, LLC will offer for sale at public auction at the steps for the Circuit Court for Craig County, Virginia, 182 Main Street, Suite 4, New Castle, VA 24127 on:
September 16, 2019 at 10:30 AM
improved real property, with an abbreviated legal description of The following lot or parcel of land lying and being in the County of Craig, State of Virginia, and more particularly described as follows: Being Parcel No. 5 and 6, as described in the deed dated August 21, 1998, recorded in the Clerk’s Office of the Circuit Court for the County of Craig, Virginia, in Deed Book 110, page 611 and identified as being Lot 8 of the Coleman S. Brickey Subdivision as described in Deed Book 62, page 121, in the aforesaid Clerk’s Office.
This conveyance is made expressly subject, however, to all easements, restrictions and right-of-ways of record, and as more fully described in the aforesaid Deed of Trust.
TERMS OF SALE: The property will be sold “AS IS,” WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND AND SUBJECT TO conditions, restrictions, reservations, easements, rights of way, and all other matters of record taking priority over the Deed of Trust to be announced at the time of sale. A deposit of $20,000.00, or 10% of the sale price, whichever is lower, in cash or cashier’s check payable to the SUBSTITUTE TRUSTEE will be required at the time of sale. The balance of the purchase price, with interest at the rate contained in the Deed of Trust Note from the date of sale to the date said funds are received in the office of the SUBSTITUTE TRUSTEE, will be due within fifteen (15) days of sale. In the event of default by the successful bidder, the entire deposit shall be forfeited and applied to the costs and expenses of sale and Substitute Trustee’s fee. All other public charges or assessments, including water/sewer charges, whether incurred prior to or after the sale, and all other costs incident to settlement to be paid by the purchaser. In the event taxes, any other public charges have been advanced, a credit will be due to the seller, to be adjusted from the date of sale at the time of settlement. Purchaser agrees to pay the seller’s attorneys at settlement, a fee of $460.00 for review of the settlement documents.
Additional terms will be announced at the time of sale and the successful bidder will be required to execute and deliver to the Substitute Trustees a memorandum or contract of the sale at the conclusion of bidding.
FOR INFORMATION CONTACT:
Rosenberg & Associates, LLC (Attorney for the Secured Party) 4340 East West Highway, Suite 600 Bethesda, MD 20814
301-907-8000
www.rosenberg-assoc.com
