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Terms of Sale
The terms of sale shall be cash, or alternatively, a down payment of not less than 20% of the successful bid price in cash or cashier’s check on the date that the auction closes on-line, payable to the Special Commissioner. High Bids of $3,000.00 or less require full payment on the date that the auction closes on line. The successful bidder shall deposit the bid price (plus recordation costs and current quarter tax) with F. Sullivan Callahan, PLC at 327 Duke Street, Norfolk, Virginia 23510. The bid price or down payment will be deposited with the Special Commissioner at their office, and bond, with surety, shall be posted by the Special Commissioners pursuant to§8.01-99 of the Code of Virginia, as amended.
The said real estate shall be sold, pursuant to Va. Code §58.1-3967, et seq., free of all claims of any creditor, person or entity as provided therein, and sold “as is”, in gross and not by the acre, and without any warranty or representations of any kind whatsoever regarding, without limitation, restrictions, conditions, easements, liens or encumbrances, possible rights of parties in possession, encroachments, overlaps, gaps and gores, deficiency in quantity, all questions of boundaries, location and acreage which a current and accurate survey would disclose, roadways, environmental and wetland matters, unrecorded easements, matters which would be disclosed by an inspection of the premises, or any other matter of record or not of record.
The sale shall be subject to confirmation by the Court.
CALL OR VISIT VIRGINIA AUCTION COMPANY’S WEBISTE, www.vaauctionco.com, TO REGISTER FOR BIDDING AUTHORIZATION beginning on September 22, 2020 at 10:00 a.m.
Bidding registration closes on October 5, 2020 at 5:00 p.m.