Trustee Sale- 305 West Street

Published 3:33 pm Monday, February 8, 2016

305 West Street
Smithfield, VA 23430

In execution of the Deed of Trust dated November 29, 2005 and recorded in Instrument 050009097, of Isle of Wight County land records, Trustee Services of Virginia, LLC, the appointed Substitute Trustee, will offer for sale at public auction at the front steps of the Circuit Courthouse, Courts Building 17000 Josiah Parker Circle, Isle of Wight County, Virginia on February 25, 2016 at 12:15 PM the property more particularly described in the aforementioned Deed of Trust, located at the above address and briefly identified as follows:

All of those certain lots, pieces, or parcels of land, together with the rights of way, privileges, and easements appurtenant thereto, situate, lying and being in the Town of Smithfield (formerly Newport Magisterial District), County of Isle of Wright, State of Virginia, known, numbered and designated as Lots Three (3) and Four (4), in Block “G”, on a certain plat of survey dated November 30, 1944, entitled, “PLAT SHOWING SUBDIVISION OF TRACT#2 OWNED BY D.W. SYKES, FORMERLY OWNED BY W.H. SYKES AND D. W. SYKES”, said plat of survey being duly of record in the Clerk’s Office of the Circuit Court of Isle of Wright, in Plat Book 2, at page 231, reference to said plat is hereby made for a more complete description of the lots hereby conveyed.1

Tax No.: 21A-05-G003

The property and improvements will be sold in “as is” physical condition without warranty of any kind.

TERMS OF SALE: A non-refundable bidder’s deposit of $12,500.00 or 10% of the sale price, whichever is less, by cashier’s or certified check required at time of sale, except for the party secured by the Deed of Trust. Risk of loss is on the purchaser from date and time of auction. Balance of the purchase price must be paid by cashier’s check within 14 days from sale date. Except for Virginia Grantor tax, all settlement costs and expenses are purchaser’s responsibility. Taxes are pro-rated to the date of sale. Purchaser is responsible for obtaining possession of the property. If purchaser defaults, deposit may be forfeited and property resold at the risk and cost of the defaulting purchaser who shall be liable for any deficiency in the purchase price and all costs, expenses, and attorney’s fees of both sales. If Trustee does not convey title for any reason, purchaser’s sole remedy is return of deposit without interest. This sale is subject to post-sale audit of the status of the loan secured by the Deed of Trust including but not limited to determining whether prior to sale a forbearance, repayment, or other agreement was entered into, the loan was reinstated or paid off, or whether the property became subject to an automatic stay under the U.S. Bankruptcy Code prior to the sale; in any such event this sale shall be null and void and purchaser’s sole remedy shall be return of deposit without interest. Pursuant to the Federal Fair Debt Collections Practices Act, this law firm is a debt collector attempting to collect a debt and any information obtained will be used for that purpose.

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Virginia Beach, VA 23452