REAL ESTATE AUCTION TERMS OF SALE
Special Commissioner’s Sale of Real Estate
City of Petersburg, Virginia
Friday, November 30, 2018 at 11 A.M.
Union Train Station, 103 River Street,
Petersburg, VA 23803
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. Any announcements made on the day of auction have precedence over any prior written or verbal terms of sale.
TERMS OF SALE: All sales are subject to confirmation by the Court. A 10% Buyer's Premium will be added to the highest bid and will become a part of the total sales price on each property. The highest bidder shall deposit twenty percent (20%) of its bid, or Two Thousand ($2,000.00) dollars, whichever is more, which sum shall be credited to the purchase price at closing. All deposits must be in the form of cash, good personal check, traveler’s check, bank certified check or money order.
The property will be conveyed by Special Warranty Deed, subject to any easements and covenants of record, and any rights of persons in possession. The Special Commissioner expressly reserves the right to keep the bidding open for any length of time, postpone the sale to a later date, withdraw any property, reject any and all bids, review the qualifications of all bidders, and amend or supplement the terms of sale by verbal announcements prior to or during the sale.
This sale is being conducted by N. Reid Broughton, Esq., Special Commissioner, Sands Anderson PC, P. O. Box 2009, Christiansburg, Virginia 24068-2009. For more information please contact Kimberly A. Cregger, Paralegal, Sands Anderson, PC at 1-540-260-9011, or 1-800-881-8803.