Details for 182 Wallace Pike

Updated

NOTICE OF SUBSTITUTE TRUSTEE SALE 182 Wallace Pike, Bristol, VA 24202 By virtue of the power and authority contained in a Deed of Trust dated April 25, 2017 and recorded at Book 626 Page 40 Instrument Number 170000744 and a Loan Modification recorded on November 26, 2018 in Instrument Number 180001987-Bristol in the Clerk's Office for the City of Bristol Virginia Circuit Court, Virginia, securing a loan which was originally $135,000.00. The appointed SUBSTITUTE TRUSTEE, Commonwealth Trustees, LLC will offer for sale at public auction at the front steps of Bristol Circuit Court located at 497 Cumberland Street, Bristol, VA 24201. July 15, 2022 at 2:00 PM improved real property, with an abbreviated legal description of the following described property, to wit: Land situated in the Independent City of Bristol in the County of Bristol State of Virginia. Lot 5 of Kimberly Acres, as shown on Subdivision Plat of record in the Circuit Court Clerk`s Office for the City of Bristol, Virginia in Plat Book 4, Page 140 (Slide 73) and in the Circuit Court Clerk`s Office for Washington County, Virginia in Plat Book 33, Page 91, and as more particularly shown on survey of Tony F. Holbrook, LS dated July 30, 1999, to which reference is hereby made., 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, however not less than $10,000, that 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 301-907-8000 www.rosenberg-assoc.com

Categories