Trustee’s Sale
1517 E DOLLY ANN DR, COVINGTON, VA 24426
(Parcel ID: 058C0-01-010-0010)
Default having been made in the terms of a certain Deed of Trust dated 09/14/2007, in the maximum principal amount of $90,000.00 and recorded in the Clerk’s Office of the Circuit Court of the Orange County, Virginia on 09/27/2007, as Instrument No. 070002678, the undersigned Substitute Trustees will sell at public auction on 09/02/2025 at 4:00 PM, City of Covington Circuit Court Front of Building, 266 West Main Street, Covington, VA 24426, the property designated as:
ALL THAT CERTAIN PARCEL OF LAND LOCATED IN THE COUNTY OF ALLEGHANY, VIRGINIA, AND MORE PARTICULARLY DESCRIBED AS FOLLOWS;
BEING ALL OF LOT NO. 1, BLOCK 1, SECTION 1, VALLEYBROOK AS SHOWN ON THE PLAT OF SUBDIVISION OF RECORD IN THE CLERK`S OFFICE OF THE CIRCUIT COURT OF ALLEGHANY COUNTY, VIRGINIA, IN PLAT BOOK 22, PAGE 118; AND
TAX ID # 058C0-01-010-0010
TERMS: CASH. A deposit of Ten percent (10%) of the sale price or Ten percent (10%) of the original principal balance of the subject deed of trust, 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 $9,900.00 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 upon request before the sale, outlining additional terms of sale and settlement. A Trustee’s Deed will be prepared by Trustee’s attorney at high bidder’s expense.