TRUSTEES’ SALE OF
VALUABLE REAL ESTATE
220 Sidney Street, Beckley, WV 25801
In a Deed of Trust dated March 26, 2003, and duly recorded in the Office of the Clerk of the County Commission of Raleigh County, West Virginia, in Deed of Trust Book 5010, at Page 6725, Barbara A. Spencer did convey unto FIRST AMERICAN TITLE INSURANCE COMPANY, Trustee, certain real property. The beneficial holder of that Deed of Trust has elected to appoint Terra Abstract Trustee West Virginia, Inc. as substitute trustees by a Substitution of Trustee recorded in the aforesaid Clerk’s Office. Default having occurred under the Deed of Trust and the beneficial holder having instructed the undersigned Trustees to foreclose, this real property will be sold at public auction at the front door of the Raleigh County Courthouse, 215 Main Street, Beckley, West Virginia 25801 on:
September 13, 2022
At 01:30 PM
The property for sale as described by the Deed of Trust is as follows:
BEGINNING AT A POINT, A 1/4″ REBAR (FOUND) AT A COMMON CORNER OF LOTS 53 AND 54 AND ON THE NORTHERN RIGHT OF WAY LINE OF SIDNEY STREET, (THE RIGHT OF WAY LINE DECREASES FROM A 40.0` TO 30.0` RIGHT OF WAY); THENCE WITH THE NORTHERN RIGHT OF WAY OF SIDNEY STREET THE FOLLOWING TWO COURSES AND DISTANCES: S 55deg. 54` 35″ W 110.00 FEET TO A POINT, A 1/4″ REBAR (FOUND), THENCE; S 55deg. 54` 35″ W 15.00 FEET FOR A TOTAL DISTANCE OF 125.00`) TO A POINT, A 1/2″ REBAR (SET), A COMMON CORNER TO LOTS 54 AND 55 (HONAKER AND WIX), THENCE LEAVING SIDNEY STREET AND WITH THE LINE OF HONAKER AND WIX; N 33deg. 34` 59″ W 200.24 FEET TO A POINT, A 1/2″ REBAR (SET). THENCE WITH THE LINE OF LOT 54 AND LOTS 21 AND 20 OF “CRESTVIEW ESTATES – PHASE 1″, THE FOLLOWING TWO COURSES AND DISTANCES: N 56deg. 35` 06″ E 38.52 FEET TO A POINT, A 1″ GALVANIZED IRON PIPE (FOUND), THENCE CONTINUING; N 56deg.35`06″ E 58.27 FEET, A TOTAL DISTANCE OF (96.79), TO A POINT A 1/2” REBAR (SET), THENCE WITH THE LINE OF LOT 54 AND LOTS 20 AND 19 OF “CRESTVIEW ESTATES PHASE 1″ (MAP FILE 2-253A): N 68deg. 13` 33″ E 24.76 FEET TO A POINT, A 1” GALVANIZED PIPE (FOUND) THE COMMON CORNER TO LOTS 54 AND 53 AND LOTS 20 AND 19 OF “CRESTVIEW ESTATES 1″; THENCE WITH THE COMMON LINE OF LOTS 54 AND 53; S 34deg. 45` 38” E 193.82 FEET TO THE POINT AND PLACE OF BEGINNING AND AS SURVEYED BY MARATHON TECHNICAL SERVICES, INC., AND SHOWN AND DESIGNATED AS LOT 54 UPON A PLAT “ENTITLED: PLAT OF SURVEY FOR FRANKIE WIX”, SCALE: 1″ = 50` DATED MARCH 8, 1996, RECORDED IN MAP FILE 3-177.
The purchaser will take the property subject to all exceptions, reservations, rights of way, easements, conditions, covenants, restrictions, leases and other servitudes of record, if any, pertaining to said real property.
The purchaser will be responsible for paying any transfer stamp, excise taxes, and recording costs associated with recording the Trustee’s Deed into their name.
The purchaser will be responsible for paying any unpaid property taxes owed to the Sheriff of Raleigh County prior to or following the sale directly to the Sheriff.
The purchaser will take the property subject to any deed of trust, judgment, lien, and any other encumbrance having priority over the deed of trust referred to herein.
The purchaser will take the property subject to any deed of trust, judgment, lien, and any other encumbrance that is junior (“junior claims”) to this Deed of Trust and to which sufficient notice was not given. In that case, unless such right to notice is waived, the chain of title shall not merge with this Deed of Trust as to those unnoticed deeds of trust, judgments, liens, and other encumbrances and will be subject to a further noticed and published sale under this Deed of Trust pursuant to W.Va. Code 38-1-4, in which bidding shall resume at the last highest bid given. In the event of a surplus of such sale, the mortgagors and noticed junior lienholders are hereby on notice that if such surplus is less than Two Thousand Five Hundred Dollars ($2,500.00), then the Substitute Trustee will disburse those proceeds to the most senior interest holder as it sees fit, unless an objection is made in writing.
The Trustees do not guarantee or represent that the boundaries described above are accurate, are not encroached upon, or that any particular structure located on the property is contained within the described boundaries. The property is therefore sold subject to an accurate survey at purchaser’s expense.
The Trustees reserve the right to adjourn the sale, for a time, or from time to time, by announcement at the time and place of sale described above or any adjournment thereof. Such adjournment will be noticed by posting a notice at the front door of the county courthouse or where such notices are traditionally posted at the county courthouse. Such notice will include the date and time when such sale will reconvene.
The Trustees reserve the right to reject any and all bids for any reason.
The Trustees make no representations as to the condition of the property. The property will be sold in “AS IS” condition.
The Trustees make no representations as to whether the property is occupied. The purchaser is responsible for gaining access and possession of the property. Trustees shall be under no duty to cause any existing tenant or person occupying the subject property to vacate said property.
The purchaser may assign its rights prior to the delivery of the trustee’s deed by a signed request in writing to the trustee; the assignee of the purchaser shall be bound by all terms and conditions applicable to the purchaser.
The Trustees will deliver a trustees’ deed to the purchaser without any covenant or warranty (express or implied) in the form prescribed by W. Va. Code §38-1-6. The Trustees make no representations and warranties about the title of the real estate to be conveyed. If the Trustees are unable to convey insurable or marketable title to purchaser for any reason, purchaser’s sole remedy is return of deposit.
TERMS OF SALE: Purchaser must bring $9,000.00 cash in hand at the time of sale as a deposit in the form of a certified check or cashier’s check made payable to “Stern & Eisenberg, PC, counsel for Terra Abstract Trustee West Virginia, Inc.” Those appearing without their deposit will not be allowed to bid. The balance of the successful purchaser’s bid must be proffered in cash within 30 days of the date of the sale. Purchaser shall pay for transfer stamps and recording fees. Additional terms of sale may be announced prior to the sale.
Terra Abstract Trustee
West Virginia, Inc.
9920 Franklin Square Drive,
Suite 100
Baltimore, MD 21236
(410) 635-5127, (443) 815-3931
www.sterneisenberg.com
ID: 622376