PORTSMOUTH TAX SALE
THURSDAY, JULY 25TH
2618 MAGNOLIA ST., ON-SITE @ 10 AM
916 GARFIELD ST., ON-SITE @ 2 PM
REGISTRATION STARTS AT 9:00 AM & 1 PM
AUCTION STARTS AT 10:00 AM & 2 PM
2618 Magnolia St.
916 Garfield St
TERMS OF SALE LOCATED AT THE BOTTOM OF THIS PAGE
Terms of the 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 certified check at time of sale, payable to the Cooper, Spong, & Davis P.C. High bids of $3,000.00 or less require full payment at the auction. The balance is due in ten days, also by cash or certified check. The bid price or down payment, will be deposited with the Clerk of the Circuit Court for the City of Portsmouth, Virginia, and no bond shall be required of the Special Commissioners.
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.
Before the Special Commissioners deliver a special warranty deed to the successful bidder, he shall report to this Court the result of this sale to be confirmed by the Court if the Court is of the opinion it should be.