NOTICE OF PUBLIC AUCTION

SPECIAL COMMISSIONER’S SALE OF REAL ESTATE

CITY OF FREDERICKSBURG, VIRGINIA

Pursuant to the terms of those certain Decrees of Sale entered in the Circuit Court of City of Fredericksburg, the undersigned Special Commissioner will offer for sale at public auction, on behalf of the City of Fredericksburg, Virginia, the following described real estate at the Fredericksburg City Council Chambers, located at City Hall, 715 Princess Anne Street, Fredericksburg, Virginia, 22401, on Wednesday, May 23, 2018 at 1:00pm, or as soon thereafter as may be effected.  The sale of such property is subject to the terms and conditions below and any such terms and conditions which may be announced on the day of the auction.  Announcements made on the day of the auction take precedence over any prior written or verbal terms of sale.

TERMS OF SALE:  All sales are subject to confirmation by the Circuit Court of City of Fredericksburg.  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.  The Special Commissioner of Sale has the right to reject any bids determined to be unreasonable in relation to the estimated value of the Property.  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.  There will be a 10% buyer’s premium added to the final bid to determine final contract price and shall be paid with the deposit at the time of the auction.  Deed recordation costs will be the responsibility of the successful bidder and shall also be deposited with the Special Commissioner within fifteen (15) days of confirmation of the sale by the Court.

Properties are offered for sale as-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 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 non-refundable.

Please be advised that in order to qualify as a purchaser at this auction, you may not owe delinquent taxes to City of Fredericksburg 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, by telephone to (804) 545-2377, or by mailing to address shown below.

John A. Rife, Esq.

Jeffrey A. Scharf, Esq.

Andrew M. Neville, Esq.

Phillip E. Lecky, Esq.

Special Commissioners

Taxing Authority Consulting Services, PC

re: City of Fredericksburg Auction

P.O. Box 31800

Henrico, Virginia  23294-1800