Trustee Sale – 701 Banks Street

Published 7:49 pm Wednesday, April 8, 2015

TRUSTEE’S SALE OF 701 Banks Street, a/r/t/a 701 Bank Street, Franklin, VA 23851. In execution of a certain deed of trust dated October 11, 1996, in the original principal amount of $87,750.00 recorded in the Clerk’s Office, Circuit Court for Southampton County, Virginia, in Deed Book 421 Page 463, the undersigned Substitute Trustee will offer for sale at public auction in the front of the Circuit Court building for Southampton County, 22350 Main Street, Courtland, Virginia 23837 on May 19, 2015 at 2:00 pm the property described in said deed of trust, located at the above address and more particularly described as follows: ALL THAT CERTAIN LOT, TRACT OR PARCEL OF LAND LYING SITUATE AND BEING IN THE CITY OF FRANKLIN, VIRGINIA, DESIGNATED AS LOT 14, PRETLOW FARMS ESTATES, CONTAINING AN AREA OF 18,607 SQUARE FEET, AS SHOWN ON THAT PLAT ENTITLED “PHYSICAL SURVEY SHOWING LOT 14 PRETLOW FARMS ESTATES, SURVEYED FOR JULIUS T. EVANS & YVONNE EVANS LOCATED AT 701 BANKS STREET CITY OF FRANKLIN, VIRGINIA SCALE 1″ = 30′ SEPT. 30, 1996 WILLIAMS & VANN – LAND SURVEYORS 1104 NORTH HIGH STREET FRANKLIN, VIRGINIA 23851” , SAID PLAT TO BE RECORDED CONTEMPORANEOUSLY HEREWITH IN THE CLERK’S OFFICE OF THE CIRCUIT COURT OF SOUTHAMPTON COUNTY, VIRGINIA. TERMS OF SALE: ALL CASH. A bidder’s deposit of ten percent (10%) of the sale price or ten percent (10%) of the original principal balance of the subject deed of trust, whichever is lower, in the form of cash or certified funds payable to the Substitute Trustee must be present at the time of the sale. The balance of the purchase price will be due within fifteen (15) days of sale, otherwise Purchaser’s deposit may be forfeited to Trustee. Time is of the essence. If the sale is set aside for any reason, the Purchaser at the sale shall be entitled to a return of the deposit paid. The Purchaser may, if provided by the terms of the Trustee’s Memorandum of Foreclosure Sale, be entitled to a $50 cancellation fee from the Substitute Trustee, but shall have no further recourse against the Mortgagor, the Mortgagee or the Mortgagee’s attorney. Additional terms to be announced at the sale. A form copy of the Trustee’s memorandum of foreclosure sale and contract to purchase real property is available for viewing at www.bwwsales.com. This is a communication from a debt collector and any information obtained will be used for that purpose. The sale is subject to seller confirmation. Substitute Trustee: Equity Trustees, LLC, 2101 Wilson Boulevard, Suite 402, Arlington, VA, 22201. For more information contact: BWW Law Group, LLC, attorneys for Equity Trustees, LLC, 6003 Executive Blvd., Suite 101, Rockville, MD 20852, (301) 961-6555, website: www.bwwsales.com.