Seller's Comments and Description:
NOTICE OF SUBSTITUTE TRUSTEE SALE
19371 Hundred Acres Lane,
Leesburg, VA 20175
By virtue of the power and authority contained in a Deed of Trust dated November 16, 2006, and recorded at Instrument Number 20061130-0099381 in the Clerk’s Office for the Circuit Court for Loudoun County, VA, securing a loan which was originally $697,000.00. The appointed SUBSTITUTE TRUSTEE, Commonwealth Trustees, LLC will offer for sale at public auction at the main entrance of the Loudoun County Circuit Court at 18 E. Market Street, Leesburg, VA 20178 located across from the U.S. Post Office on:
August 12, 2019 at 9:30 AM
improved real property, with an abbreviated legal description of All that certain lot or parcel of land situate in the County of Loudoun, Commonwealth of Virginia, and being more particularly described as follows: Beginning at an iron peg, a corner to Wine and Kephart; thence Kephart (1) N. 05 deg. 00 sec. W 180. 0 feet to a point in Kephart’s line; thence with a new division line through the land of Hellman (2) S. 84 deg. 18 min. 40 sec. E. 731.74 feet to a point on the East side of a 60 ft. right-of-way in J.E. Orchard’s line; thence with J.E. Orchard’s (3) S. 09 deg. 55 min. 30 sec. E. 200.00 feet to an iron peg, a corner to Wine; thence with Wine.
(4) N. 83 deg. 05 min. 30 sec. W. 751.06 feet to the point of beginning, containing 3.13 acres, more or less. TOGETHER WITH a certain perpetual right to use an existing 60 foot wide right-of-way extending from the land of Yerdon (formerly Tiffany) on the South along the parallel with the Eastern boundary of Tract “A”, “B”, and “C” as shown on the plat of Subdivision recorded in Deed Book 381 at Page 20, through Lot 5, SOUTH DOWN HILLS SUBDIVISION, Section B, to Virginia State Route No. 654. Together with the additional property from the 2010 Deed of Boundary Line Adjustment, recorded at Instrument # 20100212-0008228 among the Land Records of Loudoun County, Virginia, and further shown on the 2010 Plat recorded at Instrument # 20100212-0008229 among the Land Records of Loudoun County, Virginia. Less and except the property conveyed in the 2010 Deed of Boundary Line Adjustment, recorded at Instrument # 20100212-0008228 among the Land Records of Loudoun County, Virginia, and further shown on the 2010 Plat recorded at Instrument # 20100212-0008229 among the Land Records of Loudoun County, Virginia, and as more fully described in the aforesaid Deed of Trust.
TERMS OF SALE: The property will be sold “AS IS,” WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND AND SUBJECT TO conditions, restrictions, reservations, easements, rights of way, and all other matters of record taking priority over the Deed of Trust to be announced at the time of sale. A deposit of $20,000.00, or 10% of the sale price, whichever is lower, in cash or cashier’s check payable to the SUBSTITUTE TRUSTEE will be required at the time of sale. The balance of the purchase price, with interest at the rate contained in the Deed of Trust Note from the date of sale to the date said funds are received in the office of the SUBSTITUTE TRUSTEE, will be due within fifteen (15) days of sale. In the event of default by the successful bidder, the entire deposit shall be forfeited and applied to the costs and expenses of sale and Substitute Trustee's fee. All other public charges or assessments, including water/sewer charges, whether incurred prior to or after the sale, and all other costs incident to settlement to be paid by the purchaser. In the event taxes, any other public charges have been advanced, a credit will be due to the seller, to be adjusted from the date of sale at the time of settlement. Purchaser agrees to pay the seller's attorneys at settlement, a fee of $460.00 for review of the settlement documents.
Additional terms will be announced at the time of sale and the successful bidder will be required to execute and deliver to the Substitute Trustees a memorandum or contract of the sale at the conclusion of bidding.
FOR INFORMATION CONTACT:
Rosenberg & Associates, LLC
(Attorney for the Secured Party)
4340 East West Highway, Suite 600
Bethesda, Maryland 20814
July 12, 2019
July 19, 2019