Seller's Comments and Description:
NOTICE OF SUBSTITUTE TRUSTEE’S SALE
5010 Williamsburg Boulevard, Arlington, Virginia 22207
Default having occurred under a Deed of Trust dated January 23, 2013 and duly recorded among the Land Records in the Clerk’s Office of the County of Arlington, Virginia on January 29, 2013 as Instrument No. 2013029184, securing the original principal amount of $900,000.00, and a Deed of Appointment of Substitute Trustee dated March 27, 2018 and duly recorded among the Land Records in the Clerk’s Office of the County of Arlington, Virginia on April 4, 2018 as Instrument No. 20180100005458, the undersigned Substitute Trustee, will on July 10, 2018 at 9:00 a.m. at the front doors of the Arlington County Circuit Court, 1425 N. Courthouse Road, Arlington, VA 22201, offer for sale at public auction to the highest bidder the following property (the “Property”):
All of lot five (5), of the subdivision of part of block five (5), eight (8), and (9), section one (1), Stratford Hills, as the same is dedicated, platted, and recorded in deed book 914, at page 278, among the land records of Arlington County, Virginia, bearing the physical address of 5010 Williamsburg Boulevard, Arlington, VA 22207, tax map number 02023013.
This sale is subject to all other liens, encumbrances, conditions, easements, and restrictions, if any, superior to the aforesaid deed of trust and lawfully affecting the Property. The sale of the Property shall further be made subject to any rights of redemption, including but not limited to any rights under 26 U.S.C. § 7425, and the rights, if any of persons in possession of the Property. The Property and any improvements thereon shall be sold in “as-is” condition without any warranties.
A deposit of Eighty Thousand Dollars ($80,000.00) or ten per cent (10%) of the sale price, whichever is less, in the form of a certified or cashier’s check (made payable to “Heritage Square Associates, LLC, Substitute Trustee”) will be required to qualify as a bidder before the sale, except from the Noteholder. The deposit, without interest, will be applied to the purchase price at settlement.
Settlement will be held within thirty (30) days after the sale at the office of the Substitute Trustee. Upon purchaser’s default, the deposit shall be forfeited and the Property shall be resold at the risk and costs of the defaulting purchaser. In the event the Substitute Trustee cannot convey to the purchaser marketable title, in the Substitute Trustee’s sole discretion, the sale may be rescinded and purchaser’s sole remedy shall be refund of the deposit at any time prior to the aforesaid Settlement.
The balance of the purchase price shall be in cash or its equivalent. Purchaser shall be responsible for all future and past due real property taxes, property owner's dues or assessments, settlement charges, and costs of conveyance, including, but not limited to, preparation of the deed and recording and transfer taxes. In the event real property taxes or property owner's dues or assessments have been advanced, those sums will be due from purchaser to the seller at the time of settlement. The Property shall be conveyed by Special Warranty Deed. The successful bidder shall assume all loss or damage to the Property from and after the time of sale. Neither Substitute Trustee nor the secured party shall assume any obligation to deliver possession of the property. In the event a Trustee’s deed or deed of foreclosure has been recorded and the Substitute Trustee determines in its sole discretion that it is necessary to rescind the sale, Substitute Trustee reserves the right to nullify the Trustee’s deed or Deed of Foreclosure and revest title to the mortgagor’s/prior owners subject to the deed of trust upon which was foreclosed. The Substitute Trustee reserves the right to reject all bids, extend the time to receive bids, withdraw the Property from sale, waive or modify the deposit requirement, and/or extend the period for settlement. Additional terms may be announced at the time of sale and the successful bidder will be required to sign a Memorandum of Sale incorporating the terms of the sale. For more information contact Heritage Square Associates, LLC, at 5311 Lee Highway, Arlington, VA 22207, Telephone: 703-525-2668, Facsimile: 703-525-8393.
Run Dates: July 2, and 9, 2018