Details for Trustee's Sale 436 Mabe Drive
NOTICE OF SUBSTITUTE TRUSTEE SALE
436 Mabe Drive, Ringgold, VA 24586
By virtue of the power and authority contained in a Deed of Trust dated June 5, 2009, and recorded at Instrument Number 090005414 in the Clerk’s Office for the Circuit Court for Pittsylvania County, VA, securing a loan which was originally $111,593.00. The appointed SUBSTITUTE TRUSTEE, Commonwealth Trustees, LLC will offer for sale at public auction at Circuit Court of Pittsylvania County, Courthouse steps, 1 North Main Street, Chatham, VA 24531 on:
December 10, 2019 at 3:30 PM
improved real property, with an abbreviated legal description of The land referred to herein below is situated in the County of Pittsylvania, State of Virginia, and is described as follows: All that certain lot or parcel of land, together with improvements thereon and appurtenances thereunto belonging, situate in Pittsylvania County, Virginia, and more particularly described as follows:
Lot 0, containing 2.383 acres, fronting 158.64 feet on the Eastern margin of Mabe Drive (State Road No. 966) as shown on Plat of Survey for Buford N. Peters, Jr and Peggy Owen Walker, dated February 25, 2004, made by Shanks Associates, P.C. Surveyors, recorded in the Clerk’s Office of the Circuit Court of Pittsylvania County, Virginia, in Deed Book 1427, at Page 6; and being in fact the same property conveyed to Ruby H. Sloan by Deed dated March 10, 2008, from Sandra Jefferson, Teresa Seamon and Nelson Peters, III recorded in the aforesaid Clerk’s Office as Instrument #08-1708, to which Map and Deed reference is here made for a more particular description of the property herein conveyed, 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 $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