SUBSTITUTE TRUSTEE’S SALE OF VALUABLE REAL ESTATE SITUATE IN TAZEWELL
COUNTY, VIRGINIA
In execution of a Deed of Trust dated September 13, 2005, and recorded in the Office of the Clerk of the Circuit Court of Tazewell County, Virginia in Deed Book 951, Page 528, and with the undersigned being appointed Substitute Trustee by document of record in Deed Book 2017, Page 5265, the undersigned Substitute Trustee will offer for sale at public auction all that certain property, together with all improvements thereon and appurtenances thereunto belonging, more particularly described in the said Deed of Trust, having a tax map number of 076 01 0022, and briefly described as follows:
Tax Map ID #076 01 0022. All of that certain tract or parcel of land, together with the improvements thereon and appurtenances thereunto belonging, situate in Wright’s Valley, Tazewell County, Virginia a short distance north of the community of Witten’s Mill, and being Lot No. 22, as the same is shown, designated and described on that certain plat with certificate made by T. R. Barrett, known as “Tazewell County, Va., Jeffersonville Mag. Dist, and Clearfork Mag. Dist. A parcel of the T. R. Barrett prop.” which said plat and certificate are found of record in the Clerk’s Office of Tazewell County, Virginia in Plat Book 12, at page 105, and upon Plat Card No. 3833 and also in Plat Book 13, at page 135, and upon Plat Card No. 4015.
The property herein conveyed is the same property which was conveyed to Travis Mullins by William L. Perdue, by deed dated the 1st day of October, 1998 and recorded in said Clerk’s Office in Deed Book 759, page 597.
The street address of the Property is believed to be 318 T. R. Barrett Road, North Tazewell, Virginia, but such address is not part of the foregoing legal description. In the event of any discrepancy, the foregoing legal description shall control.
Sale shall be made subject to all rights, reservations, restrictions, covenants, and easements of record in the aforesaid Clerk’s Office which may affect the title to the real property hereinabove mentioned, together with any prior liens or encumbrances, leases and all other matters of record, including, but not limited to, the priority of any fixture filing.
Date of Sale: June 18, 2018
Time of Sale: 11:00 a.m.
Place of Sale: Front Steps of the Tazewell County Courthouse, Main Street, Tazewell, Virginia.
Terms of Sale: The Successful Bidder shall make a ten percent (10{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}) deposit at the time of sale, subject to the exception that the Substitute Trustee reserves the right to modify or waive the deposit requirement if the Noteholder is the successful bidder. The entire amount of the successful bid must be paid in full by certified or bank cashier’s check within fifteen (15) days after sale, and Time is of the Essence as to the closing date and payment of the purchase price. The Property will be sold “AS IS, WHERE IS” and title will be conveyed by Special Warranty Deed. Risk of loss will pass at the time of sale, and neither the Substitute Trustee nor the Noteholder will deliver possession of the Property to the successful bidder. Substitute Trustee shall have no duty to obtain possession for purchaser. All risks of casualty pass to successful bidder at conclusion of bidding. Sale is subject to post-sale confirmation that the borrower did not file for protection under the U.S. Bankruptcy Code prior to the sale, as well as to post-sale confirmation and audit of the status of the loan with the loan servicer including, but not limited to, determination of whether the borrower(s) entered into any repayment agreement, reinstated or paid off the loan prior to the sale. In any such event, the sale shall be null and void, and the purchaser’s sole remedy, in law or equity, shall be the return of the purchaser’s deposit without interest. The purchaser of the Property will be required to pay all closing costs except the Grantor’s Tax, and real estate taxes will be pro-rated as of the original date of sale. If for any reason the Substitute Trustee fails to convey title to the Property to the purchaser, the purchaser’s sole remedy is the return of the Deposit paid by the purchaser on the date of the foreclosure sale. The high bidder for said premises will, at the time and place of sale, sign a memorandum of purchase and an agreement to comply with the terms and conditions of the sale herein contained. The right is reserved to adjourn the day of the sale to another day, time and place certain without further publication upon announcement at the time and place for the sale set forth above. The Substitute Trustee reserves the right to rescind the sale. In the event the high bidder at the foreclosure sale should fail to comply with the submitted bid, the Substitute Trustee shall have the option to accept the next highest bid in which the bidder is able to comply, or to re-advertise and sell at a later sale, and in either event the original purchaser will be held liable for any deficiency there may be between the sum for which the property may be purchased on the resale, and also for any costs or expenses incurred on such resale. The Substitute Trustee reserves the right to reject all bids and withdraw the property from sale, waive the deposit requirements in whole or in part and extend the period of time in which the purchaser is to make full settlement.
Additional terms may be announced at the sale.
Given under my hand this 23rd day of May, 2018.
B & H LENDING SERVICES, LLC
SUBSTITUTE TRUSTEE
By: C. R. Bolling, Member
FOR INFORMATION CONTACT:
B & H Lending Services, LLC
P.O. Box 1250
Richlands, VA 24641
(276) 971-4953
ID: 90345