Details for Trustee Sale of 107 Logan Lane

Updated

NOTICE OF SUBSTITUTE TRUSTEE SALE 107 Logan Lane, Lynchburg, VA 24502-7324 By virtue of the power and authority contained in a Deed of Trust dated August 12, 2016, and recorded at Instrument Number 160004015 in the Clerk's Office for the Circuit Court for Campbell County, VA, securing a loan which was originally $142,704.00. The appointed SUBSTITUTE TRUSTEE, Commonwealth Trustees, LLC will offer for sale at public auction at the main entrance of the Circuit Court for Campbell Co. located at 732 Village Highway, Rustburg, VA 24558-0007 on: October 9, 2019 at 12:30 PM improved real property, with an abbreviated legal description of Land situated in the County of Campbell in the State of VA Lot 47, shown on a plat entitled "Plat showing Braxton Park - Section 1, College Magisterial District, Campbell County, Virginia", dated 6/13/05, made by Perkins & Orrison, Engineers, Planners, Surveyors, Recorded in the Clerk's Office of the Circuit Court of Campbell County, Virginia, as Instrument No. 060005478, at Plat Cabinet B, Slide 390, Pages 2807-2808 (The "Plat"), and as more fully described in the aforesaid Deed of Trust. TERMS OF SALE: The property will be sold subject to a 120 day right of redemption by the Internal Revenue Service. 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 $460.00 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