NOTICE OF DELINQUENT TAXES

AND SALE OF REAL PROPERTY

CITY OF COVINGTON, VIRGINIA

Pursuant to Virginia Code §58.1-3975, the following real property will be auctioned for sale to the highest bidder at a public auction to be held at the City of Covington Council Chambers, located at 333 W. Locust Street, Covington, Virginia, 24426 on Wednesday, February 27, 2019 at 10:00am, or as soon thereafter as may be effected.  The sale of such property is subject to the terms and conditions below and any such terms and conditions which may be announced on the day of the auction.  Announcements made on the day of the auction take precedence over any prior written or verbal terms of sale.

For additional information, please see the Information Packet.

No. Property Owner(s) Account Nos. Description
1. James Brown

TACS No. 445685

Tax Map No. 11—11—–B-

Account No. 1563

220 Main Street

Covington, Virginia 24426

Shanahan Add, Pt Lot 1 Blk B

2. Joyce Ann Caracoff Mayo

TACS No. 387737

Tax Map No. 19—136—8-

Account No. 3010

Adjacent to 904 Monroe Avenue

Covington, Virginia 24426

Cic Lot 8 Blk 36

+/- 0.119 Acres

3. Joyce Ann Caracoff Mayo

TACS No. 387737

Tax Map No. 19—136—9-

Account No. 3011

904 Monroe Avenue

Covington, Virginia 24426

Cic Lot 9 & 10 Blk 36

+/- 0.239 Acres

 

TERMS OF SALE:  All sales are subject to confirmation by the Circuit Court of Alleghany County.  The highest bidder shall deposit twenty-five percent (25%) or One Thousand Dollars ($1,000.00), whichever is more, at the time of the auction.  Bids which are less than $1,000.00 shall be paid in full at the time of the auction.  Deposits shall not exceed Twenty Thousand Dollars ($20,000.00).  Such sum shall be held by the Special Commissioner of Sale and credited towards the purchase price following confirmation of the sale.  All deposits must be made in the form of personal check, traveler’s check, cashier’s check or money order.  No cash will be accepted.  The balance of the purchase price shall be deposited by the highest bidder with the Special Commissioner of Sale within fifteen (15) days of confirmation of the sale by the Court.  The Special Commissioner of Sale has the right to reject any bids determined to be unreasonable in relation to estimated value of the Property.

Properties are conveyed by Special Warranty Deed and sold in gross and not by the acre and further subject to any easements, covenants, agreements, restrictions, reservations, and any and all rights of record which may affect the property. There will be a ten percent (10%) buyer’s premium (or $100.00 flat fee, whichever is more) added to the winning bid to determine final contract price. Recording costs for deed recordation will be the responsibility of the successful bidder.

Properties are offered for sale as-is, with all faults and without any warranty, either expressed or implied.  Persons are encouraged to make a visual inspection of the property within the limits of the law and to obtain an independent title search prior to bidding on any of the properties.  Bidders are strongly encouraged to make their own inspection to determine the suitableness of the property and it is assumed that all bidders will perform due diligence prior to the day of the auction.  Any costs incurred by the bidder to inspect the property are at the expense of the bidder and are non-refundable.

Please be advised that in order to qualify as a bidder at this auction, you may not owe delinquent taxes to The City of Covington.  Questions concerning the properties subject to sale or the tax sale process should be directed to TACS at taxsales@taxva.com or (804) 223-8449.

 

Jeffrey A. Scharf, Esq.
Special Commissioner
Taxing Authority Consulting Services, PC
P.O. Box 31800
Henrico, VA  23294-1800