CITY OF BRISTOL, VA SPECIAL COMMISSIONER’S SALE

COURT ORDERED

Auction

CITY OF BRISTOL, VA

SPECIAL COMMISSIONER’S SALE

THURSDAY, AUGUST 1st * 10:00 AM

OUTSIDE OF THE BRISTOL, VA COURTHOUSE

497 CUMBERLAND STREET * BRISTOL, VA 24201

REMEMBER THIS IS A THURSDAY AUCTION

GENERAL TERMS OF SALE: All sales are subject to confirmation by the Circuit Court. The Special Commissioner has the right to reject any bids determined to be unreasonable in relation to the estimated value of the Property. Any unsold property will be offered for sale again at the next auction, whenever that may be.

Properties are conveyed by Special Warranty Deed, subject to any easements, covenants, agreements, restrictions, reservations, and any and all rights of record which may affect the property. Properties are offered for sale as-is, where-is, and if-is, with all faults and without any warranty, either expressed or implied. Persons are encouraged to make a visual inspection of the property within the limits of the law and to obtain an independent title search, at their own expense, prior to bidding on any of the properties to determine the suitableness of the property for their purposes. It is not guaranteed that the property has a right-of-way or that it is not landlocked. Property is sold in gross and not by the acre. There is no warranty as to the accuracy of any information contained in the GIS system, nor is the information contained therein a legal representation of any of the features of the property which it depicts. We do not provide and do not assist with obtaining title insurance or title to personal property.

The sale of property to the highest bidder is not contingent upon obtaining financing. Financing, if needed, is the sole responsibility of the high bidder. By bidding, parties are entering into a legally binding contract, waive all rescission rights, and understand that their bid is immediately binding, irrevocable, and enforceable. Additionally, by bidding, parties are representing that they have read, and agree to be bound by, all terms and conditions for this sale. Failure to complete the property purchase will result in forfeiture of any funds paid and may subject the highest bidder to additional damages, which may include expenses and any deficit upon resale.

JUDICIAL SALE PAYMENT TERMS: The highest bidder shall make a deposit in the amount of twenty-five percent (25%) or One Thousand Dollars ($1,000.00), whichever is higher, at the conclusion of the auction. There will be no buyer’s premium added to the winning bids. Bids which are less than One Thousand Dollars ($1,000.00) shall be paid in full at the time of the auction. Deposits shall not exceed Twenty Thousand Dollars ($20,000.00) per parcel. Such sum shall be held by the Special Commissioner and credited towards the purchase price following confirmation of the sale. Subsequent taxes will be prorated from the auction date, and the highest bidder will be responsible for taxes from that date forward. The balance of the purchase price and recording costs for deed recordation shall be deposited by the highest bidder with the Special Commissioner within fifteen (15) days of confirmation of the sale by the Court. All payments must be made in the form of personal check, cashier’s check or money order. No cash will be accepted.

NON-JUDICIAL SALE PAYMENT TERMS: The highest bidder shall pay the high bid in full, along with the deed recording costs, following the close of the auction. There will be no buyer’s premium added to the winning bid.

GENERAL TERMS: To qualify as a purchaser at this auction, you may not owe delinquent taxes to the City of Bristol and you may not be a Defendant in any pending delinquent tax matter.Questions concerning the property subject to sale should be directed to TACS online at www.taxva.com, by email to taxsales@taxva.com, by phone to 804-548-4418, or by writing to the address below.

Taxing Authority Consulting Services, PC

Attn: Tax Sales

P.O. Box 31800

Henrico, Virginia 23294-1800