By virtue of the power and authority contained in a Deed of Trust dated March 18, 2017 and recorded at Instrument Number 170001207 in the Clerk’s Office for the Botetourt County Virginia Circuit Court, Virginia, securing a loan which was originally $190,000.00. The
appointed SUBSTITUTE TRUSTEE, Commonwealth Trustees, LLC will offer for sale at public auction at the Botetourt County courthouse steps located at 1 W Main Street, Fincastle, VA 24090-0219. February 02, 2023 at 11:00 AM improved real property, with an abbreviated legal description of the following described property, to wit:
Real property in the City of Eagle Rock, County of Botetourt, State of Virginia,
described as follows: That tract located in the Fincastle Magisterial District of the County of Botetourt,
Virginia designated Tract 1, containing 3.00 acres on that plat of a field survey showing a portion of the parcel 1-53.091 acres source creating Tract 1 of the Tommy Garten
property by J. Brad Smith, Land Surveyor, dated May 1994, a copy of which is
Recorded in Plat Book 15, page 151. 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 or 10% of the sale price, whichever is lower, will be required at the 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 $470.00 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
Leave a Reply