Tax Delinquent Caroline Real Estate

PUBLIC SALE OF TAX DELINQUENT CAROLINE REAL ESTATE - TO BE SOLD…

AT AUCTION!

Tuesday, December 1, 2009 at 11:00 A.M.

Caroline County Original Courthouse Entrance

Main Street

Bowling Green, VA

NOTICE: SPECIAL COMMISSIONER’S SALE OF REAL ESTATE

Pursuant to the terms of that certain Decree of Sale from the Circuit Court of Caroline County, Virginia, the undersigned Special Commissioner will offer for sale at public auction in front of the Caroline County Original Courthouse Entrance, on Tuesday, December 1, 2009 at 11:00 A.M., subject to the following terms and conditions, the following-described real estate:

All that certain tract, piece, or parcel of land, together with the appurtenances thereto belonging or in anywise thereunto appertaining, lying, being, and situate in Madison Magisterial District, Caroline County, Virginia, and being known, numbered, and designated as Lot 11, The Home Place, and containing 16.07 acres, more or less, on that certain plat of correction by Robert O. Leonard, dated February 15, 1989, recorded in the Office of the Clerk of the Circuit Court of Caroline County, Virginia, in Plat Cabinet A at Page 346B 1-6, to which plat reference is hereby made for a more particular description of the land herein conveyed.  TAX MAP ID NO. 38-12-11

TERMS OF SALE:  The sale is subject to the approval of the Circuit Court. A 10% Buyer’s Premium will be added to the highest bid and will become a part of the total sales price.  The highest bidder shall deposit ten percent (10%) of the total sales price, by either cash or good check, which sum shall be credited toward the purchase at closing.  The balance of the purchase price, in cash or certified funds, shall be deposited with Union Bank and Trust Company, General Receiver, within fifteen (15) days of Court confirmation.   TIME IS OF THE ESSENCE.  The property will be conveyed by Special Warranty Deed, subject to any easements and covenants of record, and any rights of persons in possession. Title insurance is available to purchaser at their expense, and subject to all requirements for issuance.  Interested parties may go upon the concerned real estate for the purpose of making an inspection.

                        The Special Commissioner expressly reserves the right to keep the bidding open for any length of time, postpone the sale to a later date, reject any and all bids, review the qualifications of all bidders, and amend or supplement the terms of sale by verbal announcements prior to or during the sale.

Thomas L. Bricken, Esq. Special Commissioner

Sands, Anderson, Marks, & Miller, P.C.    

Post Office Box 907                                                  

Fredericksburg, VA 22404-0907                              

(540) 373-2504          

For Real Estate Specific Questions Please Call Bill Ross Auction Coordinator 540-220-1883

REAL ESTATE TERMS OF SALE

AUCTION

Special Commissioner’s Sale of Real Estate

Caroline County, Virginia

Tuesday, December 1, 2009 @ 11:00 A.M.

Caroline County Original Courthouse Entrance

All sales are subject to the approval of the Circuit Court of Caroline County, Virginia. A 10% Buyers Premium will be added to the highest bid and will become a part of  the total sales price on each property.  The highest bidder shall deposit 10%  of the total sales price, by either cash or good check, which sum shall be credited toward the purchase at closing.  The balance of the purchase price, in certified funds, shall be deposited with Union Bank and Trust Company, General Receiver, within fifteen (15) days after Court confirmation.  TIME IS OF THE ESSENCE.  All properties will be conveyed by Special Warranty Deed, subject to any easements and covenants of record, and any rights of persons in possession.  The purchaser understands these properties can be redeemed by the current owner of record prior to confirmation by the Court. The purchaser understands that the former owner of the parcel(s) may for good cause shown, within ninety (90) days  from the entry of the sale confirmation in this matter, petition the Court to have this sale reheard. Should any parcel(s) fail to receive confirmation, be redeemed by the owner, or have the sale reheard and found in favor of the  landowner, the purchasers sole remedy shall be return of their purchase price only and the sale will become void and of no effect. The purchaser will be responsible for the real estate taxes on the purchased parcel(s) beginning January 1, 2010.  Obtaining financing, if needed, is the sole responsibility of the purchaser. The sale is not contingent upon the purchaser obtaining financing or any other matters. No loan points payments, closing cost assistance, or any other purchase incentive is being offered. While all information regarding the parcel(s) has been from sources deemed reliable and believed correct, neither the County of Caroline, the Special Commissioner, the Auction Firm, or their representatives or employees, make any guarantees or warranties, expressed or implied whatsoever regarding, without limitation, the structural integrity, physical condition, construction, extent of construction, workmanship, materials, habitability, zoning, fitness for a particular use or purpose, topography, soil type or content, functionality of any and all systems, availability of public utilities, or merchantability of all or any part of the property. Prospective purchasers shall rely solely upon information obtained through their own due diligence. Any reliance upon the information provided shall be solely at the risk of the purchasers. These terms, along with the “Purchaser’s Acknowledgement and Contract of Sale”, signed by each purchaser, and all announcements made from the auction block become a part of the purchase agreement.