Details for Trustee's Sale - 3837 Adial Road


NOTICE OF SUBSTITUTE TRUSTEE SALE 3837 Adial Road, Faber, VA 22938 By virtue of the power and authority contained in a Deed of Trust dated October 2, 2008, and recorded in Deed Book 080003788, Page 000064 in the Clerk's Office for the Circuit Court for Nelson County, VA, securing a loan which was originally $192,000.00. The appointed SUBSTITUTE TRUSTEE, Commonwealth Trustees, LLC will offer for sale at public auction at the Nelson County Circuit Court courthouse steps located at 84 Courthouse Square, Lovingston, Virginia 22949 on: August 21, 2020 at 11:00 AM improved real property, with an abbreviated legal description of All that certain tract of land containing 6 acres, more or less, lying in the Rockfish Magisterial District of Nelson County, Virginia, fronting on the westerly side of State Highway No. 634, leading from Adial Baptist Church to Nellysford, and adjoining the lands of Doswell Diggs and Alex Gray, subject to the right of way for said State Highway as recorded in the Clerk's Office of said County in Deed Book 89, page 418, and being Lot No. 6 (previously erroneously listed as lot 5), containing 6 acres, assigned to Robert Johnson, Mary Johnson, Maggie Johnson and Frank Johnson, jointly, in the partition suite of George Nelson against John Diggs, by the decree of the Circuit Court of said County entered September of 1913, recorded in said Clerk's Office in Deed Book 49, page 53, as shown on the Survey and Plat recorded with said decree, in Deed Book 49, Page 54, 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

3837 Adial Road, Faber, VA


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