NOTICE OF SUBSTITUTE
5030 King Cotton Lane,
Midlothian, VA 23112
By virtue of the power and authority contained in a Deed of Trust dated June 25, 2004, and recorded in Deed Book 5891, Page 476 in the Clerk’s Office for the Circuit Court for Chesterfield County, VA, securing a loan which was originally $89,000.00. The appointed SUBSTITUTE TRUSTEE, Commonwealth Trustees, LLC will offer for sale at public auction at the front steps of the Circuit Court for Chesterfield County located at 9500 Courthouse Road on: May 8, 2017 at 10:30 AM improved real property, with an abbreviated legal description of All that certain lot, piece or parcel of land, with all improvements thereon and appurtenances thereto belonging, lying and being in the County of Chesterfield, Virginia, shown and designated as Lot 45, Block R, on Subdivision Plat of Glen Tara, Section 5-A, recorded in the Clerk’s Office, Circuit Court of Chesterfield County, Virginia, in Plat Book 44, Page 48, to which plat reference is hereby made for a more particular description of the property hereby conveyed. The improvement thereon being commonly known as 5030 King Cotton Lane, Midlothian, Virginia 23112, 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, in cash or cashier’s check payable to the SUBSTITUTE TRUSTEE will be required at the time of sale. 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 $445.00 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