NOTICE OF DELINQUENT TAXES

AND SALE OF REAL PROPERTY

CITY OF FREDERICKSBURG, VIRGINIA

 

Pursuant to the terms of those certain Decrees of Sale entered in the Circuit Court of the City of Fredericksburg, Virginia, the undersigned Special Commissioner, on behalf of the City of Fredericksburg, will offer the following real property for sale to the highest bidder at a timed, online-only, public auction which will commence Friday, September 18, 2020 at 11:00am EST and close Friday, September 25, 2020 at 11:00am EST. The sale of such property is subject to the terms and conditions below and any such terms and conditions which may be subsequently posted by For Sale at Auction, Inc. (“Auctioneer”) and Taxing Authority Consulting Services, PC (“TACS”).

For additional information, please see the Auctioneer’s Website

 

 

No. Property Owner(s)

 

Account Nos. Description
1. Nathan Properties, LLC

 

GPIN No. 7769-76-4042

Account No. 8101

TACS No. 463963

 

Cowan Boulevard; Near Carl D. Silver Parkway; Remainder of Parcel 5; 0.265 Acres, More or Less
2. Vernon Keeve, Jr.

[REMOVED]

GPIN No. 7788-29-1044

Account No. 3301

TACS No. 464197

[REMOVED]

 

304 Glover Street; Lot 22; Block 178-38; 25 Feet x 105 Feet Lot, More or Less

[REMOVED]

3. Vernon Keeve, Jr.

[REMOVED]

GPIN No. 7789-01-0845

Account No. 1942

TACS No. 464197

[REMOVED]

822 LaFayette Boulevard; Lott 44; Block 130-822; 40.5 Feet x 153.5 Feet Lot, More or Less

[REMOVED]

 

 

 

TERMS OF SALE: All interested parties must register and be approved by the Auctioneer. Registration and bidding are free of charge and are done through the Auctioneer’s website at www.forsaleatauction.biz/auctions. If any interested bidders wish to bid on property, but do not have access to the internet, please contact Ken Sebastian, Auction Coordinator, at (540) 841-2085 for assistance. Please be advised that in order to qualify as a purchaser at this auction, you may not owe delinquent taxes to the City of Fredericksburg and you may not be a Defendant in any delinquent tax suit.

 

Properties are offered for sale as-is, where 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. It is not guaranteed that the property has a right-of-way or that it is not landlocked. Property is sold in gross and not by the acre. The information shown on the GIS and public real estate inquiry systems, including maps, is derived from public records that are constantly undergoing change and do not replace a site survey or inspection. There is no warranty as to the accuracy of the GIS and public real estate inquiry systems, nor is the information contained therein a legal representation of any of the features of the property which it depicts. Any unsold property will be offered for sale again at the next auction, whenever that may be. All sales are subject to confirmation by the City of Fredericksburg Circuit Court.

 

The highest bidder will receive their purchase contract and balance due via email within five (5) hours following the close of the auction. The contract shall immediately be executed and returned to TACS. Properties are conveyed by Special Warranty Deed, subject to any easements, covenants, agreements, restrictions, reservations, and any and all rights of record which may affect the property. Property will be conveyed free and clear of all liens, including the tax lien. Subsequent taxes will be prorated from the time of contract (the auction closing date of September 25, 2020) and the highest bidder will be responsible for taxes from that date forward.

 

The highest bidder shall submit a deposit of 25% of the highest bid or $1,000.00, whichever is greater, with the Special Commissioner following the closing of the auction. Bids which are less than $1,000.00 shall be paid in full. The deposit shall not exceed $20,000.00. Such sum shall be held by the Special Commissioner and credited towards the purchase price following confirmation of the sale. The highest bidder shall also submit a buyer’s premium of 10% of the highest bid with the Special Commissioner following the closing of the auction. Please consider the buyer’s premium when placing bids. The deposit and buyer’s premium must be received in full within five (5) business days following the auction closing (no later than October 2, 2020 at 11:00am EST). Time is of the essence. All payments must be made in the form of a certified funds, cashier’s check, money order or wire transfer. Cash and personal checks will not be accepted. Checks and money orders shall be made payable to the City of Fredericksburg and forwarded to TACS, at the address shown below. Wire transfer instructions will be provided to the highest bidder upon request. The balance of the purchase price and the deed recordation costs, as determined by the City of Fredericksburg Circuit Court, shall be submitted by the highest bidder to the Special Commissioner within fifteen (15) days of confirmation of the sale by the Circuit Court. Please consider the deed recordation costs when placing bids. The City of Fredericksburg has the right to reject any bids determined to be unreasonable in relation to estimated value of the property.

 

The sale of property to the highest bidder is not contingent upon obtaining financing. Financing, if needed, is the sole responsibility of the high bidder. By bidding, parties are entering into a legally binding contract, waive all rescission rights, and understand that their bid is immediately binding, irrevocable, and enforceable. Additionally, by bidding, parties are representing that they have read, and agree to be bound by, all terms and conditions for this sale. Failure to complete the property purchase will result in forfeiture of any funds paid and may subject the highest bidder to additional damages, which may include expenses and any deficit upon resale.

 

Questions concerning the registration and bidding process should be directed to the Auctioneer online at www.forsaleatauction.biz, by email to inquiry@forsaleatauction.biz or by phone to Ken Sebastian, Auction Coordinator, at (540) 841-2085. Questions concerning the property subject to sale should be directed to TACS online at www.taxva.com, by email to taxsales@taxva.com, by phone to (804) 545-2500 or (804) 545-2377, or by writing to the address below.

John A. Rife, Esquire
Taxing Authority Consulting Services, PC
RE: City of Fredericksburg Auction
P.O. Box 31800
Henrico, Virginia 23294-1800