SUBSTITUTE TRUSTEE SALE 3560 POSSUM HOLLOW RD, COEBURN, VA

January 06, 2022

NOTICE OF

SUBSTITUTE

TRUSTEE SALE

3560 POSSUM

HOLLOW RD

I/R/T/A

3650 POSSUM

HOLLOW RD

COEBURN, VA 24230

By virtue of the power and authority contained in a Deed of Trust dated March 16, 2011 and recorded at Instrument Number 201100836 in the Clerk's Office for the Wise County Virginia Circuit Court, Virginia, securing a loan which was originally $102,900.00. 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.

January 20, 2022

at 2:00 PM

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

BEGINNING at a point in the centerline of VA Route 832 (Fairfax Road) said point being S 41 degrees 55’ 48" W 38.32’ of an Iron Pin (set) in a new dividing line between Roy Lawson & Charles William Clarence Johnson, Thence with the centerline of said Route 832 until which point it merges with State Route 660, then continuing with the centerline of the latter the following bearings & distances N 70 degrees 21’ 30" W 11.55’; N 57 degrees 20’ 32" W 20.04’; N 43 degrees 07’ 25" W 19.98’; N 30 degrees 25’ 57" W 16.20’; N 18 degrees 37’ 59" W 19.81’; N 02 degrees 05’ 55" W 26.54’; N 03 degrees 02’ 48" E 20.55’; N 05 degrees 46’ 40" E 22.10’; N 06 degrees 26’ 28" E 17.85’; N 08 degrees 15’ 45" E 20.59’; N 09 degrees 05’ 47" E 42.30’; N 11 degrees 28’ 55" E 26.95’; N 09 degrees 04’ 17" E 27.20; N 03 degrees 56’ 51" E 28.09’; N 04 degrees 45’ 57" E 23.14’; N 09 degrees 30’ 11 E 33.89’; N 19 degrees 17’ 57" E 30.65`; N 27 degrees 36’ 57" E 29.06’; Thence leaving the centerline of said Route 660 S 60 degrees 59’ 20" E 25.38’ to a 12" White Oak in a new dividing line between said Lawson & Johnson; Thence continuing with said dividing line S 60 degrees 59’ 20" E 135.75’ to an Iron Pin (set) at or near the Western boundary of an old cemetery; Thence with said boundary S 15 degrees 01’ 38" W 80.75’ to an Iron Pin (set); Thence S 02 degrees 40’ 32" E 60.53’ to an Iron Pin (set); Thence S 47 degrees 00’ 29" E 32.89’; crossing a 12’ Right-Of-Way to the aforementioned survey, to an Iron Pin (set) in the previously mentioned new dividing line between said Lawson & Johnson; Thence with said line S 41 degrees 55’ 48" W 220.92’ to the Beginning, containing 1.227 acres, 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, 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 $465.00 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

www.rosenberg-assoc.com

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