NOTICE OF PUBLIC AUCTION

SPECIAL COMMISSIONER’S SALE OF REAL ESTATE

ROCKBRIDGE COUNTY and TOWN OF GLASGOW, VIRGINIA

 

Pursuant to the terms of those certain Decrees of Sale entered in the Circuit Court of Rockbridge County the undersigned Special Commissioner will offer the following parcels for sale to the highest bidder at a Timed-to-Live Simulcast (starts online-only and ends with a Simulcast online and in-person) public auction. The online-only bidding will begin Thursday, November 5, 2020 at 11:00am and transition on Thursday, November 12, 2020 at 11:00am, or as soon thereafter as possible, to an in-person bidding session to be held at the at The Rockbridge County Courthouse, located at 20 South Randolph Street, Lexington, Virginia 24450, on November 12, 2020, at 11:00am or as soon thereafter as may be effected. The sale of such property is subject to the terms and conditions below, any conditions which may be subsequently posted by For Sale at Auction, Inc. (“Auctioneer”) and Taxing Authority Consulting Services, PC (“TACS”), 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. The Special Commissioner reserves the right to cancel the live portion of the simulcast if required due to a change in circumstances surrounding the pandemic, and proceed with a timed, online-only auction.

For additional information, please see the Information Packet

  OWNER IDENTIFICATION DESCRIPTION
1 Andrew & Marie Brown Tax Map 026000060000001G

TACS No. 164373

Account No. 1660

0.8 acre +/- on Sterrett Road, Raphine in the Walker’s Creek District
2 Anthony C. Meeks, Et Al. Tax Map 0070000A00000200

TACS No. 55144

Account No. 176

10 acres +/- near Virginia Avenue, Goshen in the Walker’s Creek District
3 William G. Walker, Jr. Tax Map 108A500101640340

TACS No. 164470

Town Account No. 164-34

County Account No. 13380

Lots 34, 36, Block 164 on Rockbridge Road in Glasgow
4 William G. Walker, Jr. Tax Map 108A600101720140

TACS No. 164470

Town Account No. 172-14

County Account No. 13871

 

Lots 2, 4, 6, 8, 10, 12, 14, 16 Block 172 on 8th Street in Glasgow

Tax Map 108A60010172002*

TACS No. 164470

Town Account No. 172-2

County Account No. 13822

5 Heirs of Karl M. Wade Tax Map 0610000A00000560

TACS No. 327550

Account No. 6395

656 Greenhouse Road, Lexington, 0.6 acre +/-, Kerr’s Creek District
6 Stacy E. Long Estate Tax Map 1030000A00002H10

TACS No. 222752

Account No. 17755

240 Long Branch Lane, Lexington, 3.0 acres, +/- Buffalo District
7 Arnold E. Sloan Tax Map 10300009000000B1

TACS No. 164433

Account No. 17545

3457 S. Buffalo Road, Lexington, 2.019 acres +/0 Buffalo District
8 David R. Higgins, Sr. Tax Map 0390001900000030

TACS No. 456441

Account No. 18270

2.07 acres +/- on Jonestown Road in Fairfield, South River District
9 Don C. Hostetter, Sr. Tax Map 0600000A0000045A

TACS No. 327549

Account No. 5855

56 Reds Drive, Lexington

1 acre +/- Kerr’s Creek District

 

GENERAL TERMS OF SALE: The Treasurer has the right to reject any bids determined to be unreasonable in relation to the estimated value of the Property. All sales are subject to confirmation by the Circuit Court of the County of Rockbridge. 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. Properties are offered for sale as-is, where is, with all faults and without any warranty, either expressed or implied. 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. Subsequent taxes will be prorated from the time of contract (the auction closing date of November 12, 2020) and the highest bidder will be responsible for taxes from that date forward. Any unsold property will be offered for sale again at the next auction, whenever that may be.

 

The information shown, 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 visual maps, nor is the information contained therein a legal representation of any of the features of the property which it depicts. 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.

 

There will be a 10% buyer’s premium added to the final bid to determine the “final contract price”. The buyer’s premium is due upon the close of the auction and will be in addition to the required deposit amount. Please consider the buyer’s premium when placing bids. The highest bidder shall make a deposit in the amount of twenty-five percent (25%) or One Thousand Dollars ($1,000.00), whichever is higher. Deposits shall not exceed Twenty Thousand Dollars ($20,000.00). The deposit shall be held by the Special Commissioner and credited towards the purchase price following confirmation of the sale. Bids which are less than One Thousand Dollars ($1,000.00) shall be required to be paid in full upon the close of the auction. The balance of the purchase price shall be deposited by the highest bidder with the Special Commissioner within fifteen (15) days of confirmation of the sale by the Court. Recording costs for deed recordation will be the responsibility of the successful bidder and will be due with the balance of the purchase price within fifteen (15) days of confirmation of sale by the Court.

 

Terms applicable to In-Person Bidders ONLY: The highest bidder shall make payment of the deposit and buyer’s premium on the day of the auction. All payments must be made in the form of personal check, traveler’s check, cashier’s check or money order. No cash will be accepted.

 

Terms applicable to Online Bidders ONLY: 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 https://bid.forsaleatauction.biz. If any interested bidders are unable to attend for in-person bidding and wish to bid on property, but do not have access to the internet, please contact William Austin, Auction Coordinator, at (434) 294-6093 for assistance. The highest bidder will receive their purchase contract and balance due via email following the close of the auction. The contract shall immediately be executed and returned to TACS. The bid deposit and buyer’s premium must be received in full within five (5) business days following the auction closing (no later than November 19, 2020 at 12:00 pm, EST). Time is of the essence. All payments must be made in the form of 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 Rockbridge County and forwarded to TACS, at the address shown below. Wire transfer instructions will be provided to the highest bidder upon request.

 

GENERAL TERMS OF SALE: 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.

 

Please be advised that in order to qualify as a bidder at this auction, you may not owe delinquent taxes to either the Rockbridge County or the Town of Glasgow, and you may not be a Defendant in any pending delinquent tax matter. Questions concerning the registration and bidding process should be directed to the Auctioneer online at https://bid.forsaleatauction.biz, by email to inquiry@forsaleatauction.biz or by phone to William Austin, Auction Coordinator, at (434) 294-6093. Questions concerning the properties subject to sale or the tax sale process should be directed to TACS online at taxva.com, by email to taxsales@taxva.com, by phone to (804) 893-5176, or by writing to the address below.

 

John A. Rife, Esq.
Special Commissioners
Taxing Authority Consulting Services, PC
P.O. Box 31800
Henrico, Virginia 23294-1800