Terms and Conditions
The terms of sale shall be cash, or alternatively, a down payment of not less than 20% of the successful bid price in cash or certified check at time of sale, payable to Jason A. Dunn, PLC. The balance is due in ten days, also by cash or certified check. The highest bidder will also be responsible for all recording fees due and a 10% buyer’s premium payable to the Auctioneer. These sums will be added to the high bid price. The owner of record shall have until the date before the auction at 5 p.m. to redeem any property listed above.
The said real estate shall be sold, pursuant to Va. Code §58.1-3967, et seq., free of all claims of any creditor, person or entity as provided therein, except current quarter real estate taxes which will be prorated, and sold “as is”, in gross and not by the acre, and without any warranty or representations of any kind whatsoever regarding, without limitation, restrictions, conditions, easements, liens or encumbrances, possible rights of parties in possession, encroachments, overlaps, gaps and gores, deficiency in quantity, all questions of boundaries, location and acreage which a current and accurate survey would disclose, roadways, environmental and wetland matters, unrecorded easements, matters which would be disclosed by an inspection of the premises, or any other matter of record or not of record. The sale shall be subject to confirmation by the Court. Persons are encouraged to make a visual inspection of the property within the limits of the law and to obtain an independent title search prior to bidding on any of the properties. Bidders are strongly encouraged to make their own inspection to determine the suitableness of the property and it is assumed that all bidders will perform due diligence prior to the day of the auction. Any costs incurred by the bidder to inspect the property are at the expense of the bidder and are nonrefundable.
Jason A. Dunn, Esquire, Special Commissioner
(757) 937-0872 www.jasonadunn.com
