Details for Trustee Sale of 112 Taylor Road
SUBSTITUTE TRUSTEE'S SALE OF 112 TAYLOR ROAD COLLINSVILLE, VA 24078 In execution of a certain Deed of Trust to Arthur Emberson and Darrell L. Minniear, Trustees, dated March 9, 2005, recorded March 15, 2005, in the Clerk's Office, Circuit Court, Henry County, Virginia, as Instrument Number 050001486, page 0048, (Lafayette, Ayers & Whitlock, PLC, a Virginia professional limited liability company, having been appointed as Substitute Trustee by instrument duly recorded in the aforesaid Clerk's Office), default having been made in the payment of the indebtedness secured thereby, and being required so to do by the Noteholder, the undersigned, in accordance with the provisions of the aforesaid Deed of Trust, and after having given at least fourteen (14) days prior written notice to the owner of the real estate of the date, time, place and terms of the sale, will offer for sale to the highest bidder at public auction the property described in and conveyed by said Deed of Trust being known and designated as: "ALL of that certain lot or parcel of land, together with the improvements thereon, located and lying on the South side of State Route 895 (Taylor Road) in the Martinsville District of Henry County, Virginia and designated as Lot No. 28, Mountainview Subdivision as shown on map of Mountainview Subdivision of record in Map Book 69, at Page 122, and also as shown on Plat of Survey for Margaret B. Martin, prepared by Lawrence W. Cockram, LLS, dated June 24, 1991, recorded in Henry County Circuit Court Clerk's Office in Deed Book 548, page 194, and as shown on Plat of Survey for Mark A. Martin and Diana H. Martin, as prepared by Larry G. Rakes, LLS, dated November 4, 1992, recorded in the aforesaid Clerk's Office in Deed Book 628, Page 585, and being known and designated as 112 Taylor Road, Collinsville, Virginia, in accordance with the numbering system currently utilized by the County of Henry, Virginia.", Tax Map #29.4(041 )000 /028; Account #175930000 (herein "the Property"). The sale shall take place on January 25, 2021 at 9:30 a.m. at the front steps of the building housing the Circuit Court of Henry County, Virginia, 3160 Kings Mountain Road, Martinsville, VA 24112. TERMS OF SALE: All cash at settlement. A deposit of Four Thousand and 00/100 Dollars ($4,000.00) in cash or certified check shall be required at time of sale from all bidders except the holder of the Note secured by the Deed of Trust. The balance shall be paid at settlement, to be held within twenty (20) days from the date of sale. The sale is subject to post sale confirmation that the borrower(s) did not file for protection under the U.S. Bankruptcy Code prior to the sale. In such event, the sale shall be null and void, and the Purchaser's sole remedy, in law or equity, shall be the return of the deposit without interest. The Substitute Trustee reserves the right to: (i) waive the deposit requirement; (ii) approve the creditworthiness of any bidder and final purchaser; (iii) withdraw the Property from sale at any time prior to the termination of the bidding; (iv) keep the bidding open for any length of time; and (v) reject any and all bids. In the event that the purchaser fails to go to settlement as required, the aforementioned deposit shall be forfeited and the Property shall be resold at the purchaser's risk and expense. All closing costs, including preparation of the deed and the grantor's tax, shall be borne by the successful bidder. Real estate taxes shall be prorated to the date of sale. Rents and other expenses of the Property, if any, shall not be prorated. The Real Property shall be conveyed by special warranty deed. The Property shall be sold "AS IS" without representation or warranty of any kind, and SUBJECT TO conditions, restrictions, rights-of-way, easements, and reservations, if any, contained in the deeds forming chain of title thereto, and all other matters of record taking priority over the Deed of Trust, if any. Delivery of possession of the Property will not be performed by the Substitute Trustee but will be the responsibility of the Purchaser. The Purchaser will be required to execute a Memorandum of Sale and Contract concerning the purchase of the Property, a copy of which will be available immediately before announcing the sale. This is a communication from a debt collector and any information obtained will be used for that purpose. LAFAYETTE, AYERS & WHITLOCK, PLC, SUBSTITUTE TRUSTEE, 10160 Staples Mill Road, Suite 105, Glen Allen, Virginia 23060. Telephone: (804) 545-6250. FOR INFORMATION CONTACT: EDWARD S. WHITLOCK, III, ESQ., Lafayette, Ayers & Whitlock, PLC. Telephone: (804) 545-6250 or (804) 545-6256.