In execution of the Deed of Trust dated October 3, 2016, in the original principal amount of
$135,681.00, recorded as Inst. 160003659, subsequently assigned to Virginia Housing Development
Authority, and modified to the amount of $127,131.58 as Inst. 210001144, in the Clerk’s Office of the
Circuit Court for the County of Botetourt, Virginia, default having occurred in the payment of the
indebtedness thereby secured and at the request of the holder of the note, the undersigned, as
Substitute Trustees, either of whom may act, will sell at public auction at the front entrance of the
Circuit Court for the County of Botetourt on March 27, 2024, at 2:00 p.m., the property located at the
above address and described as 1.00 acre, more or less, beginning at a common corner with W.L. Harris on a 30 foot Roadway leading to Va. State Secondary Route 652, corner marked by an iron pin; thence with said W.L. Harris line, N. 89 degrees 31’ W. 223.86 feet to an iron pin corner in said Harris line; thence a new line through property owned jointly by Timothy N. Gilbert and Linda D. Gilbert and
Herbert O. Ransom and Mary V. Ransom, N. 11 degrees 18’ W. 200 feet to an iron on above said
property; thence a new line through same property, S. 89 degrees 31’ E. 223.86 feet to an iron in west
edge of said 30 foot Roadway; thence with the said Roadway westerly line, S. 11 degrees 18’ W. 200 feet to the point of Beginning, subject to a Road Maintenance Agreement recorded in Deed Book 494,
Pages 811-817, and together with a perpetual easement 30 feet wide located near Hickory Street for ingress and egress to Va. Secondary Route 652, a portion of this right of way is 14 feet wide as shown in
Deed Book 579, page 44 and final order recorded as Inst. 030004788, County of Botetourt. TERMS:
CASH. PROPERTY SOLD AS IS WITH SPECIAL WARRANTY OF TITLE. A deposit of $12,000.00 or 10% of the successful bid amount (whichever is lower) will be required immediately of the successful bidder, in
cashier’s check or certified funds only payable to or signed over to “DOLANREID PLLC, TRUSTEE”,
balance due within 15 days from date of sale. No personal checks accepted. Sale is subject to post sale
confirmation and audit of the status of the loan including, but not limited to, determination of whether
the borrower filed for and obtained bankruptcy protection, entered into any repayment agreement,
reinstated or paid off the loan prior to the sale. In any such event, or if trustee is unable to complete the
sale, or if it is set aside or not fully completed for any reason except purchaser’s default, the sale shall be
null and void, and the purchaser’s sole remedy, in law or equity, shall be the return of the deposit
without interest. Upon purchaser’s default, the deposit shall be forfeited and the property resold at the risk and costs of the defaulting purchaser. Sale is subject to all prior liens, easements, restrictions,
covenants, reservations and conditions, if any, of record, as well as inchoate liens and any other matters
which would be disclosed by an accurate survey or inspection of the premises. Real estate taxes will be
adjusted to the date of sale. All costs of conveyance, deed, examination of title, recording charges,
grantor’s tax and possession will be at the expense of the purchaser. All risks of casualty immediately pass to the successful bidder. Time is of the essence. Winning bidder must sign a memorandum of sale
immediately upon completion of sale. Additional terms may be announced at the time of sale.
Trustee’s affidavit and a copy of the notice of sale available at the foreclosure sale. The opening bid is
not announced until the sale. Current sale status available at dolanreid.com/foreclosure-sales. THIS IS A
COMMUNICATION FROM A DEBT COLLECTOR. ANY INFORMATION OBTAINED WILL BE USED FOR THAT
PURPOSE.
For Information Contact:
DolanReid PLLC and G. Benny Moore, Substitute Trustee(s)
12610 Patrick Henry Dr., Ste. D, Newport News, VA 23602; (757) 320-0255
