Details for Trustee Sale of 575 Whitestone Drive

Updated

NOTICE OF SUBSTITUTE TRUSTEE SALE 575 Whitestone Drive, Lynchburg, VA 24502 By virtue of the power and authority contained in a Deed of Trust dated November 9, 2015, and recorded at Instrument Number 150005539 in the Clerk's Office for the Circuit Court for Campbell County, VA, securing a loan which was originally $231,259.00. 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: September 30, 2020 at 10:00 AM improved real property, with an abbreviated legal description of All those certain lots or parcels of land, together with the buildings and improvements thereon and the privileges and appurtenances thereunto belonging, situate, lying and being in Central Magisterial District, Campbell County, Virginia, and designated as Lot 1 and a 10-foot wide strip of Lot 2, Section B, as shown on a plat of White Stone Hill's Subdivision, made by Adrian Overstreet, C.L.S., July 1, 1964, and recorded in the Clerk's Office of the Circuit Court for the County of Campbell, Virginia, in Plat Book 17, page 131. It being the same property conveyed unto Brandon L. Hughes and Sarah E. Hughes, husband and wife, by Deed dated June 4, 2007, from Richard C. Bishop, of record in the aforesaid Clerk's Office as Instrument No. 070004939. This conveyance is made subject to any and all reservations, restrictions, rights of way, conditions and easements of record and now binding on said property., 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 $465.00 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

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