By virtue of the power and authority contained in a Deed of Trust dated September 8, 2008, and recorded at Instrument Number 080004776 in the Clerk’s Office for the Circuit Court for Botetourt County, VA, securing a loan which was originally $150,000.00. The appointed SUBSTITUTE TRUSTEE, Commonwealth Trustees, LLC will offer for sale at public auction at the front steps of the Circuit Court for Botetourt County, located at 1 West Main Street, Fincastle, VA 24090-0219 on:
September 9, 2020 at 11:00 AM
improved real property, with an abbreviated legal description of The land described herein is situated in the State of Virginia, County of Botetourt, City of Buchanan, and is described as follows:
Beginning at a point on the North side of a 60 foot street and fifteen feet East of the line between Lots 15 and 16 in Scotts Addition, said point being the Southeasterly corner of the property this day conveyed to Roger W. Terry by O.W. Nowlin; thence N 52:45 W. 200 feet to the back line of Lot 15; thence N 37:15 E. 100 feet to a point; thence with a new line thru the lands of Terry S. 52:45 E. 200 feet to a point on the Northerly margin of said street; thence with said street S. 37:15 W. to the beginning, 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, will be required at time of sale, in the form of certified check, cashier’s check or money order by the purchaser. 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 $465.00 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
