NOTICE OF TRUSTEEáS SALE
NOTICE OF TRUSTEE’S SALE and Notice of the Beneficiary/Servicer’s election to sell property is hereby given pursuant to and by virtue of the authority vested in the Trustee by that certain Deed of Trust dated August 1, 1979, of record in the Office of the Clerk of the County Commission of Wood County, West Virginia, in Book 219, at Page 50, assumed by Assumption Agreement dated June 26, 1986, and Deed of Trust dated June 26, 1986, of record in the Clerk’s Office in Book 378, at Page 206, assumed by Assumption Agreement dated July 3, 1995, and that Deed of Trust executed by Craig J. Farnen and Stephanie R. Farnen to Bobby Lewis, Trustee, of record in the Clerk’s Office in Book 651, at Page 927. Hereford & Riccardi, PLLC was appointed as Trustee by SUBSTITUTION OF TRUSTEE dated January 13, 2016, of record in the Clerk’s Office in Book 1905, at Page 12. The borrowers defaulted under the Note and Deed of Trust and the Trustee has been instructed to foreclose under the Deed of Trust. Accordingly, the Trustee will sell the following described property to the highest bidder at the front door of the Courthouse of Wood County, in Parkersburg, West Virginia, on:
THURSDAY, FEBRUARY 25, 2016, AT 9:00 O’CLOCK A.M.
All of that certain lot or parcel of land, together with the improvements thereon and the appurtenances thereunto belonging, situate in Clay District, Wood County, West Virginia, and being more particularly bounded and described as follows:
BEING all of Lot No. 335 of Community Acres Fourth Addition, as shown on a plat of record in the Office of the Clerk of the County Commission of Wood County, West Virginia, Plat Book 17, at Page 44.
This conveyance is made subject to all covenants, restrictions, easements and rights of way of record.
This is the same property conveyed unto Craig J. Farnen and Stephanie R. Farnen by Deed dated July 3, 1995, of record in the Clerk’s Office in Book 945, at Page 147.
TERMS OF SALE:
1) The property will be conveyed in an âAS ISã physical condition by Deed containing no warranty, express or implied, subject to the Internal Revenue Service right of redemption, all property taxes, prior Deeds, liens, reservations, encumbrances, restrictions, rights-of-ways, easements, covenants, conveyances and conditions of record in the Clerkás office or affecting the subject property.
2) The Purchaser shall be responsible for the payment of the transfer taxes imposed by the West Virginia Code Π11-22-2.
3) Real estate taxes due and payable have been paid. All real estate taxes hereafter will be the responsibility of the purchaser.
4) The Beneficiary and/or the Servicer of the Deed of Trust and Note reserve the right to submit a bid for the property at sale.
5) The Trustee reserves the right to continue sale of the subject property from time to time by written or oral proclamation, which continuance shall be in the sole discretion of the Trustee.
6) The Trustee shall be under no duty to cause any existing tenant or person occupying the property to vacate the property, and any personal property and/or belongings remaining at the property after the foreclosure sale will be deemed to constitute ABANDONED PROPERTY AND WILL BE DISPOSED OF ACCORDINGLY.
7) The total purchase price is payable to the Trustee by cashier’s check, cash or the equivalent within thirty (30) days of the date of sale, with ten percent (10{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}) of the total purchase price payable to the Trustee at sale by cashier’s check, cash or the equivalent. There will be no refund granted of any amount if the third party purchaser elects not to purchase the property for any reason. Minimum acceptable bid will be $18,500.00.
8) For more information on this property, please see listing on the PROPERTIES FOR SALE WEBSITE: http://www.resales.usda.gov/.
Given under my hand this 2nd day of February 2016
HEREFORD & RICCARDI, PLLC-TRUSTEE
By: Philip B. Hereford, Member
405 Capitol Street, Suite 306
Charleston, West Virginia 25301
Phone: (304) 346-1800
WV State Bar No. 1687
Feb 17, 24