NOTICE OF SUBSTITUTE TRUSTEE SALE - 1216 2nd Avenue East Big Stone Gap, VA 24219

NOTICE OF SUBSTITUTE TRUSTEE SALE

1216 2nd Avenue East

 Big Stone Gap, VA 24219

      By virtue of the power and authority contained in a Deed of Trust dated January 5, 2005 and recorded at  January 6, 2005 in Instrument Number 200500076 in the Clerk's Office for the Wise County Virginia Circuit Court, Virginia, securing a loan which was originally $75,069.00.  The appointed SUBSTITUTE TRUSTEE, Commonwealth Trustees, LLC will offer for sale at public auction at the main entrance of the Circuit Court for Wise County located at 206 E Main Street, Wise, VA 24293.

May 27, 2025 at 2:00 PM

improved real property, with an abbreviated legal description of the following described property, to wit:

    BEGINNING at an iron pin the East side of Second Avenue being a corner to Lot #7 and #8 in Block #154 as shown on Plat #5 in Big Stone Gap, Virginia. Thence leaving said iron pin and running with the line of Second Avenue N 80-17 E 75.00 feet to an iron pin - Thence leaving said Second Avenue for a division line in Lot #9 S 9-43 E 103.01 feet to the Depot Line to an iron pin - Thence S 58-17 W 80.89 feet to an iron pin - Thence N 9-43 W 133.58 feet to the POINT OF BEGINNING containing all of lot #8 and the Southern half of Lot #9.

     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 or 10% of the sale price, whichever is lower, will be required at the time of sale, in the form of certified check, cashier's check or money order by the purchaser.  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 $470.00 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, MD 20814

301-907-8000

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