Published 4:53 pm Thursday, March 28, 2013
Default having been made in the terms of a certain Deed of Trust dated July 19, 2000, in the original principal amount of $48,000.00 and recorded in the Clerk's Office of the Circuit Court of the County of Cumberland, Virginia in Deed Book 242, at page 313, the undersigned Substitute Trustees will sell at public auction on April 9, 2013, at 10:15 a.m., in front of the building housing the Cumberland County Circuit Court, 1 Courthouse Circle, Cumberland, VA, the property designated as all of that certain lot or parcel of land, situated in Madison Magisterial District, Cumberland County, Virginia, on Route Number 60, about one mile west of Cumberland Courthouse, measuring 80 ft. by 170 ft. (erroneously referred to as (70) feet in the aforesaid Deed of Trust), and facing 80 ft. on Route No. 60 (erroneously referred to as fronting eight (80) on Route No. 60 in the aforesaid Deed of Trust), 170 ft. on the east adjoining lands of Blanton, and 170 ft. on the north and south adjoining other lands of Munford. Less and except that portion of land conveyed to the Commonwealth of Virginia, dated April 6, 1979, recorded June 26, 1979 in Deed Book 146, Page 198. Sale is subject to all prior liens, easements, restrictions, covenants, and conditions, if any, of record, or other matters which would be disclosed by an accurate survey or inspection of the premises. TERMS: CASH. A deposit of $4,500.00 or 10% of the sale price, whichever is lower, will be required of the successful bidder at time of sale. Prior to the sale, interested bidders will be required to register with and must present a bid deposit which may be held during the sale by the trustee. The bid deposit must be certified funds and/or cash, but no more than $10,000.00 of cash will be accepted. The successful bidder's deposit will be retained at the sale and applied to the sale price. If held by the trustee, all other bid deposits will be returned to the unsuccessful bidders. Settlement is to be made within 15 days. The Successful bidder will be responsible for obtaining possession of the property, and for all costs and fees related to recording the Trustee's Deed, including the grantors tax. The successful bidder will be required to execute a Memorandum of Trustee's Sale, available for review on the Foreclosure Sales page of www.glasserlaw.com, outlining additional terms of sale and settlement. A Trustee's Deed will be prepared by Trustee's attorney at high bidder's expense. This is a communication from a debt collector. Atlantic Trustee Services, L.L.C. and/or Lisa Brook Law, PLC and/or Spaulding Law, P.L.C., Substitute Trustees, Crown Center Building, Suite 600, 580 East Main Street, Norfolk, VA 23510, File No. 103127, Tel: (757) 321-6465, Between 10:00 a.m. & 12:00 noon only.