- Jun 30 @ 10:01am EDT
- Add to Calendar
COURT ORDERED
AUCTION
CITY OF BRISTOL, VA
SPECIAL COMMISSIONER’S SALE
WEDNESDAY, JUNE 30th * 10:00 AM
OUTSIDE OF THE
BRISTOL, VA COURTHOUSE
497 CUMBERLAND STREET * BRISTOL, VA 24201
TERMS OF SALE: All sales are subject to confirmation by the Circuit Court of the City of Bristol. The Special Commissioner of Sale has the right to reject any bid determined to be unreasonable in relation to the estimated value of the Property.
All properties are sold in gross and not by the acre. Properties are offered for sale as-is, with all faults and without any warranty, either expressed or implied. It is not guaranteed that the property has a right-of-way or that it is not landlocked. 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 cost prior to bidding on any of the properties to determine the suitableness of the property for their purposes.
There will be a 10% buyer’s premium added to the final bid to determine final contract price. The buyer’s premium is due at the time of the auction. The highest bidder shall deposit twenty-five percent (25%) or One Thousand Dollars ($1,000.00), whichever is higher, at the time of the auction. 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). Such sum shall be held by the Special Commissioner and credited towards the purchase price following confirmation of the sale. All deposits must be made in the form of personal check, traveler’s check, cashier’s check or money order. NO CASH WILL BE ACCEPTED.
The balance of the purchase price shall be deposited by the highest bidder with the Special Commissioner within fifteen (15) days of confirmation of the sale by the Court. Recording costs for deed recordation will be the responsibility of the successful bidder and will be due with the balance of the purchase price within fifteen (15) days of confirmation of sale by the Court. 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. Subsequent taxes will be prorated from the auction date, and the highest bidder will be responsible from that date forward.
In order to qualify as a bidder 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 properties subject to sale or the tax sale process should be directed to TACS online at www.taxva.com, by email to taxsales@taxva.com, or by phone to (804) 548-4418.
