1.9 Acre Lot on US-60

Cumberland, VA
Bankruptcy

Details

  • Selling for the U.S. Bankruptcy Court
  • Cumberland County Tax Parcel #52-A-1B
  • 1.90 acre residential lot
  • 225' of frontage on US-60 / Anderson Hwy
  • Improvements include well, septic, driveway, and electric
  • Open yard in the front and wooded in back
  • 40mi from Downtown Richmond
  • Tax assessed at $23,300
     

Directions To Property

  • From Powhatan, US-60W 12mi on RIGHT.
  • From Cumberland, US-60E 6mi on LEFT.
     

Preview Dates

  • Wed, Mar.25 from 12-2PM
  • Self-guided previews ok anytime
     

Terms: Property sells "AS-IS, WHERE-IS" without warranties of any kind. Potential Buyers must perform such independent investigations with respect to the Property as they deem necessary to verify information provided by Auction Company.

Warranty: All information provided by Auction Company is deemed reliable but is not warranted. The information provided by the Auction Company is subject to verification by all parties relying on it. No liability for its accuracy, error or omission is assumed by the Auction Company.

Title: Seller will convey title by Special Warranty Deed free and clear of all liens.

Registration: Bids will be accepted only from registered bidders. On-site registration begins one hour before auction. Deadline for online bidding registration is 5PM EST on the day prior to the auction. A valid form of identification (i.e. driver's license) will be required to register onsite or online.

Online Bidding: Online bidding is available for your convenience. However, due to the technical nature of online bidding, bidder acknowledges that this service may or may not function correctly the day of the auction. Torrence, Read, & Forehand Auctions will not be responsible for missed bids from any source. We highly reccommend you or a representative attend the live auction or register to bid by phone. Online bidders who desire to make certain their bid is acknowledged should use the prebidding function and leave their maximum bid 24 hours before the auction begins. Winning bidders will be notified by email and/or phone and receive instructions for signing the Contract of Purchase (must be returned within 24 hours) and submitting the Deposit (see below).

Announcements: Announcements made on day of sale take precedence over all prior communications, both verbal and written, concerning the sale of the Property.

Approval: High bid at the conclusion of the live on-site auction is subject to court approval.

Buyer's Premium: A 5% buyer's premium will be added to the high bid to determine the final sales price.

Deposit: Deposit equal to 10% of final contract price (bid price plus buyer's premium) due day of sale by cash or good check. Online bidders may overnight deposit or wire transfer funds within 2 business days.

Closing: Balance of Purchase Price shall be due at closing on or about 30 days after the sale.

Agency: The auction company and its representatives represent the sellers.