Details for Trustee Sale of 229 Hughes Street

Updated

NOTICE OF TRUSTEE'S SALE 229 Hughes Street, Danville, Virginia 24541 PIN No. 24757 CITY OF DANVILLE, VA In execution of a credit line deed of trust dated September 29, 2006 (the "Deed of Trust"), recorded in the Office of the Circuit Court of the City of Danville, Virginia, as Instrument No. 06-4672, undersigned substitute Trustees, any or all of whom may act, will offer for sale at the James F. Ingram Justice Center, 401 Patton Street, Danville, Virginia 24541, on December 2, 2020, at 10:00 o'clock a.m., property located at or near 229 Hughes Street, City of Danville, Virginia, which property is more particularly described as follows: All of that certain lot or parcel of land, together with improvements thereon and appurtenances thereunto belonging, situate in the City of Danville, Virginia, and more particularly described as follows: Lot 15, Block 23, as shown on a map showing survey of property for Butler Lumber Company by E. L. Moore, C.L.S., April 29, 1949, recorded in the Clerk's Office of the Circuit Court of Danville, Virginia, in Deed Book 242, at page 475, said lot fronting 50 feet on the southern margin of Hughes Street and running back on the west along the line of Boswell Street 150 feet and on the east along the line of Lot 13, Block 23, 150 feet to a rear line of 50 feet. This sale is subject to all liens, easements, restrictions, conditions, and reservations of record affecting the title to the property hereinabove described, to the extent any of them have priority over the lien of the Deed of Trust. TERMS AND CONDITIONS OF SALE: 1. AUCTION: Substitute Trustee has employed an auction company. The successful bidder will be required to execute a Memorandum of Trustee's Sale outlining additional terms of sale and settlement that will be available for review prior to the announcement of sale. Settlement within thirty (30) days of sale. 2. DEPOSIT: A bidder's deposit of ten percent (10%) of the successful bid in certified funds (cashier's or certified check) required. 3. ANNOUNCEMENTS: Announcements made on day of sale take precedence over all prior communications, both verbal and written, concerning the sale or the property. 4. BUYER'S PREMIUM: A 10% buyer's premium will be in effect on day of sale that is added to the high bid amount to determine the contract sales price. 5. "AS-IS", "WHERE-IS": The property is being sold "AS-IS", "WHERE-IS". Potential buyers must perform such independent investigations with respect to the property as they deem necessary. 6. ADVERTISEMENTS: All information provided by Auction Company and Substitute Trustee is deemed reliable but is not warranted. Information contained in the brochure and any advertisements by Auction Company are subject to verification by all parties relying on it. No liability for its accuracy, error or omission is assumed by Auction Company or Substitute Trustee. 7. REPRESENTATION: Auction Company and its representatives represent the party foreclosing on the property. 8. BID INCREMENTS: Auctioneer reserves the right to set bid increments and to establish the bid sequences for the order of the sale and/or to change both. Lienholders reserve the right to bid at the sale. Bryson J. Hunter, F. B. Webster Day and Peter M. Pearl, Substitute Trustees For Information Contact: Bryson J. Hunter bhunter@spilmanlaw.com Spilman Thomas & Battle, PLLC P.O. Box 90 Roanoke, Virginia 24002 540-512-1800 Telephone

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