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Public Auction - RVA Tax Sale - 90+ Properties Located in Richmond & Petersburg!

Live Auction - 61 City of Richmond Tax Delinquent Properties - 25 City of Petersburg Bank-Owned Properties - Plus Consignments!

For More Information, Please Call the City Tax Sale Hotline @ (804) 655-2415

REGISTRATION WILL BEGIN AT 2:30 P.M.

Sale BrochureFrequently Asked Questions (FAQ)

Full Property List | Richmond Tax Property List | Petersburg Bank-Owned Property List

Terms & Conditions (Offerings 1-61) 

Richmond Zoning Ordinances (Offerings 1-61) | Petersburg Zoning Ordinances (Offerings 62-86)

Bidder Registration Form | Broker Registration Form | Purchase Agreement (Offerings 1-61)

RICHMOND TAX DELINQUENT PROPERTIES

Offering
#

Address

Area
#

Area
Name

Property
Type

Zoning

AC
+/-

SF
+/-

Beds/
Baths
+/-

Year
Built

2018
Tax
Assessment

1

2214 Ford Ave.,
Richmond, VA 23223

10

Whitcomb

Residential Lot

R-5

0.151

N/A

N/A

N/A

$12,000

2

1824 N. 28th St.,
Richmond, VA 23223

10

Woodville

Residential Lot

R-5

0.075

N/A

N/A

N/A

$15,000

3

WITHDRAWN-2405 Whitcomb St.,
Richmond, VA 23223

10

Whitcomb

Single Family
House

R-5

0.139

1,200

4/0

1900

$17,000

4

2100 Wood St.,
Richmond, VA 23223

10

Whitcomb

Single Family
House

R-5

0.227

862

3/0

1958

$17,000

5

1313 N. 22nd St.,
Richmond, VA 23223

10

Fairmount

Residential Lot

R-6

0.078

N/A

N/A

N/A

$20,000

6

974 Pink St.,
Richmond, VA 23223

10

Union Hill

Residential Lot

R-63

0.044

N/A

N/A

N/A

$20,000

7

1431 Rogers St.,
Richmond, VA 23223

10

Brauers

Single Family
House

R-6

0.083

1,008

3/0

1927

$22,000

8

1807 T St.,
Richmond, VA 23223

10

Fairmount

Single Family
House

R-6

0.112

960

3/1

1922

$24,000

9

1415 Mechanicsville Tpke.,
Richmond, VA 23223

10

Brauers

Single Family
House

R-6

0.086

2,024

3/2.5

1915

$25,000

10

1429 Mechanicsville Tpke.,
Richmond, VA 23223

10

Brauers

Duplex

R-6

0.086

1,880

4/0

1915

$34,000

11

2508-2510 Q St.,
Richmond, VA 23223

10

North Church Hill

Commercial Lot

UB-PE3

0.176

N/A

N/A

N/A

$27,000

12

2318 Venable St.,
Richmond, VA 23223

10

Union Hill

Rowhouse

R-63

0.056

1,614

0/0

1910

$30,000

13

WITHDRAWN-1209 N. 21st St.,
Richmond, VA 23223

10

Fairmount

Duplex

R-6

0.078

1,660

4/0

1909

$37,000

14

1913 Chelsea St.,
Richmond, VA 23223

10

Worsham Court

Single Family
House

R-5

0.110

624

3/1

1946

$37,000

15

714-716 Cheatwood Ave.,
Richmond, VA 23222

10

Washington Park

Single Family
House

R-5

0.132

877

3/0

1958

$54,000

16

WITHDRAWN-509 N. 28th St.,
Richmond, VA 23223

10

Church Hill

Residential Lot

R-8

0.089

N/A

N/A

N/A

$60,000

17

WITHDRAWN-312 N. 32nd St.,
Richmond, VA 23223

10

Church Hill

Residential Lot

R-8

0.070

N/A

N/A

N/A

$65,000

18

2708 Selden St.,
Richmond, VA 23223

10

Creighton

Single Family House

R-5

0.198

1,372

3/2

1976

$68,000

19

2 W. Leigh St.,
Richmond, VA 23220

10

Jackson Ward

Commercial Lot

R-63

0.082

N/A

N/A

N/A

$72,000

20

2310 Burton St.,
Richmond, VA 23223

10

Church Hill/
Union Hill

Rowhouse

R-63

0.027

1,474

0/1

1910

$84,000

21

607 N. 37th St.,

Richmond, VA 23223

10

Church Hill/
Chimborazo

Single Family
House

R-5

0.080

1,840

3/1.5

1925

$94,000

22

606 Freeman Rd.,
Richmond, VA 23221

10

City Stadium Area

Single Family
House

R-5

0.277

1,380

3/1

1942

$118,000

23

1611 National St.,
Richmond, VA 23231

10

Fulton

Single Family
House

R-5

0.145

1,836

3/2

1938

$131,000

24

1603 Magnolia St.,
Richmond, VA 23222

30

Highland Park

Single Family
House

R-6

0.073

923

2/1

1925

$36,000

25

3301 4th Ave.,
Richmond, VA 23222

30

Highland Park

Single Family House

R-6

0.123

1,183

3/1

1928

$38,000

26

300 E. Brookland Park Blvd.,
Richmond, VA 23222

30

Brookland Park

Residential Lot

R-5

0.254

N/A

N/A

N/A

$45,000

27

207 Minor St.,
Richmond, VA 23222

30

Barton Heights

Duplex

R-6

0.064

1,970

4/2

1920

$53,000

28

WITHDRAWN-2810-2812 5th Ave.,
Richmond, VA 23222

30

Highland Park

Duplex

R-6

0.249

1,877

4/2

1959

$59,000

29

WITHDRAWN-2612 3rd Ave.,
Richmond, VA 23222

30

Highland Park

Single Family
House

R-6

0.161

1,656

4/2

1926

$87,000

30

2615 North Ave.,
Richmond, VA 23222

30

Barton Heights

Duplex

R-6

0.155

1,872

4/2

1910

$118,000

31

2717 Griffin Ave.,
Richmond, VA 23222

30

Brookland Park

Single Family
House

R-5

0.097

1,320

4/1

1924

$131,000

32

1317 Minefee St.,
Richmond, VA 23224

50

Bellemeade

Rowhouse

R-6

0.037

896

2/1

1971

$22,000

33

1337 Minefee St.,
Richmond, VA 23224

50

Bellemeade

Residential Lot

R-6

0.057

N/A

N/A

N/A

$5,000

34

2403 Everett St.,
Richmond, VA 23224

50

Swansboro

Residential Lot

R-6

0.103

N/A

N/A

N/A

$10,000

35

2304 Fairfax Ave.,
Richmond, VA 23224

50

Manchester/
Oak Grove

Residential Lot

R-5

0.108

N/A

N/A

N/A

$10,000

36

5328 Troy Rd.,
Richmond, VA 23224

50

South Garden

Residential Lot

R-4

0.229

N/A

N/A

N/A

$20,000

*37

3937 Hull Street Rd.,
Richmond, VA 23224

50

Southside/
McGuire

Commercial Lot

B-3

0.140

N/A

N/A

N/A

$9,000

701A Belt Blvd.,
Richmond, VA 23224

50

Southside/
McGuire

Residential Lot

R-4

0.156

N/A

N/A

N/A

$20,000

38

WITHDRAWN-2312 Lumkin Ave.,
Richmond, VA 23234

50

Jeff Davis

Residential Lot

R-MH

1.000

N/A

N/A

N/A

$25,000

39

4100 Grantlake Rd.,
Richmond, VA 23234

50

Cottrell Farms

Residential Lot

R-3

0.300

N/A

N/A

N/A

$25,000

40

4418 Arnwood Rd.,

Richmond, VA 23234

50

Southside/
Johnsons Farms

Residential Lot

R-3

0.306

N/A

N/A

N/A

$26,000

41

2023 Boston Ave.,
Richmond, VA 23224

50

Manchester

Single Family
House

R-7

0.234

1,550

0/0

1925

$30,000

42

1316 Overlook St.,
Richmond, VA 23224

50

Bellemeade

Single Family
House

R-5

0.149

672

0/1

1941

$38,000

43

3409 Deerwood Rd.,
Richmond, VA 23234

50

Davee Gardens

Single Family
House

R-4

0.193

809

2/1

1948

$40,000

44

1406 Lynhaven Ave.,
Richmond, VA 23224

50

Bellemeade

Single Family
House

R-5

0.229

792

0/1

1939

$41,000

45

4005 Jefferson Davis Hwy.,
Richmond, VA 23234

50

Jeff Davis

Single Family
House

B-3

0.141

1,148

2/1

1928

$46,000

46

WITHDRAWN-2100 Halifax Ave.,
Richmond, VA 23224

50

Manchester/
Oak Grove

Duplex

R-5

0.164

1,882

4/2

1916

$47,000

47

1511 Drewry St.,
Richmond, VA 23224

50

Bellemeade

Single Family
House

R-5

0.225

888

3/1

1952

$47,000

48

2417 Marion Mashore St.,
Richmond, VA 23224

50

Swansboro

Single Family
House

R-6

0.138

1,540

3/1

1910

$49,000

49

2003 Dinwiddie Ave.,
Richmond, VA 23224

50

Manchester

Single Family
House

R-5

0.240

1,504

3/1

1924

$50,000

50

5400 Hansdale Rd.,
Richmond, VA 23224

50

Piney Knolls

Residential Lot

R-4

0.935

N/A

N/A

N/A

$50,000

51

2001 Ingram Ave.,
Richmond, VA 23224

50

Oak Grove

Single Family
House

R-5

0.108

1,352

3/2

1938

$63,000

52

2003 Ingram Ave.,
Richmond, VA 23224

50

Oak Grove

Residential Lot

R-5

0.108

N/A

N/A

N/A

$10,000

53

2505 Oakland Ave.,
Richmond, VA 23224

50

Bellemeade

Single Family
House

R-5

0.232

1,352

2/1

1925

$63,000

*54

4100 Rear Terminal Ave.,
Richmond, VA 23224

50

Hickory Hill

Residential Lot

R-4

0.944

N/A

N/A

N/A

$20,000

WITHDRAWN-4100 Terminal Ave.,
Richmond, VA 23224

50

Hickory Hill

Single Family
House

R-4

2.467

982

2/1

1936

$79,000

55

3716 Lawson St.,
Richmond, VA 23224

60

Swansboro West

Residential Lot

R-5

0.095

N/A

N/A

N/A

$10,000

56

115 Lipscomb St.,
Richmond, VA 23224

60

Blackwell

Residential Lot

R-7

0.063

N/A

N/A

N/A

$14,000

57

6321 Daytona Dr.,
Richmond, VA 23225

60

Worthington Farms

Residential Lot

R-3

2.386

N/A

N/A

N/A

$50,000

58

1501 Hull St.,
Richmond, VA 23224

60

William Grays Estate

Commercial Lot

UB2-PE1

0.089

N/A

N/A

N/A

$43,000

59

2322 & 2412 Hull St.,

Richmond, VA 23224

60

Swansboro

Duplex

B-3

0.159

3,200

6/4

1910

$93,000

60

2852 Hull St.,
Richmond, VA 23224

60

Swansboro

Duplex

B-3

0.119

1,762

4/2

1910

$51,000

61

3101 Porter St.,
Richmond, VA 23225

60

Woodland Heights

Assisted Living

R-5

0.852

N/A

N/A

1923

$1,071,000

PETERSBURG BANK-OWNED PROPERTIES

Offering
#

Address

Area
#

Area
Name

Property
Type &

Annual Rent

Zoning

AC
+/-

SF
+/-

Beds/
Baths
+/-

Year
Built

2018
Tax
Assessment

62

123 Spruce St.,
Petersburg, VA 23803

57

Moore

House

$4,500/yr

R-3

0.072

576

2/1

1955

$29,900

63

118 Spruce St.,
Petersburg, VA 23803

57

Moore

House

Vacant

R-3

0.057

738

2/1

2008

$71,900

64

1225 High Pearl St.,
Petersburg, VA 23803

57

Myers

House

Vacant

R-2

0.094

1125

2/1

1955

$57,000

65

531 St. Marks St.,
Petersburg, VA 23803

57

Myers

House

$10,800/yr

R-2

0.066

1,485

3/2.5

1945

$90,500

66

606 & 608 Halifax St.,
Petersburg, VA 23803

57

Myers

Quadplex

$18,900/yr

R-3

0.348

4,074

4/0

1914

$158,100

67

835 Gladstone St.,
Petersburg, VA 23803

57

Myers

House

$9,000/yr

R-3

0.057

720

2/1

2008

$69,200

68

1227 Montgomery Ave.,
Petersburg, VA 23803

57

Coleman

House

Vacant

R-2

0.160

980

2/1

1957

$55,200

69

1206 Grant Ave.,
Petersburg, VA 23803

57

Coleman

House

$6,420/yr

R-2

0.098

858

2/1

1924

$51,700

70

302 Elm St.,
Petersburg, VA 23803

57

Webb

House

$8,100/yr

R-2

0.223

1,012

2/1

1920

$65,700

71

144 Spring St.,
Petersburg, VA 23803

57

Webb

House

$8,700/yr

R-2

0.120

1,066

3/1

1925

$80,900

72

17 Spring St.,
Petersburg, VA 23803

57

Webb

House

$6,600/yr

M-1

0.229

1,220

3/1

1928

$54,800

73

1325 W. Wythe St.,
Petersburg, VA 23803

57

Coleman

House

$9,492/yr

R-3

0.103

1,064

3/2

1998

$85,200

74

1318 W. Washington St.,
Petersburg, VA 23803

57

Coleman

House

$8,700/yr

B-2

0.172

1,400

0/1

1900

$104,000

75

1342-1344 Rome St.,
Petersburg, VA 23803

57

Coleman

Duplex

1342 - Leased

$7,200/yr

R-3

0.094

2,176

4/2 (+2Half)

1915

$110,800

76

922-924 Wilcox St.,
Petersburg, VA 23803

57

Myers

Duplex

922 - Leased

$6,600/yr

R-3

0.206

1,984

6/2

1910

$59,200

77

1026 Stainback St.,
Petersburg, VA 23803

57

Myers

House

$7,020/yr

R-3

0.117

720

1/1

2008

$67,900

78

929 Stainback St.,

Petersburg, VA 23803

57

Myers

House

$9,900/yr

R-3

0.160

768

3/1

1966

$72,000

79

655 Pegram St.,
Petersburg, VA 23803

57

Myers

House

$8,700/yr

R-2

0.250

1,184

3/1

1925

$72,900

80

936 Lee Ave.,
Petersburg, VA 23803

57

Myers

Duplex

Unit A-Leased

$6,900/yr

R-2

0.179

2,762

6/4

1890

$110,800

81

532 Cameron St.,
Petersburg, VA 23803

57

Wilson-Smith

House

$6,300/yr

R-3

0.108

544

2/1

1929

$39,000

82

33 N. Cherry St.,
Petersburg, VA 23803

57

Wilson-Smith

House

$6,600/yr

R-3

0.113

863

2/1

1952

$54,000

83

131-133 S. Old Church St.,
Petersburg, VA 23803

57

Wilson-Smith

Duplex

131 – Leased

$5,040/yr

R-3

0.115

1,440

4/2

1957

$60,200

84

95 Slagle Ave.,
Petersburg, VA 23803

57

Wilson-Smith

House

$7,200/yr

R-2

0.114

780

2/1

1954

$46,200

85

2019 S. Whitehill Dr.,
Petersburg, VA 23803

57

Wilson-Smith

House

$7,200/yr

R-2

0.137

929

3/1

1958

$54,500

86

103 Courthouse St.,
Petersburg, VA 23803

57

Wilson-Smith

House

$9,300/yr

R-2

0.184

816

3/1

1955

$47,300

CONSIGNMENT PROPERTIES

Offering
#

Address

Area
#

Area
Name

Property
Type &

Annual Rent

Zoning

AC
+/-

SF
+/-

Beds/
Baths
+/-

Year
Built

2018
Tax
Assessment

87

9500 Emmett Rd.,

Glen Allen, VA  23060

 34

West End Henrico

House

Vacant

A-1

3.000

2,392

4/2

1980

$260,800

88

216 N. Jefferson St.,

Petersburg, VA 23803

57

Moore

House

$9,600/yr

R-3

0.086

1,920

3/1.5

1916

$72,400

89

268 N. Main St.,

Bowling Green, VA 22427

N/A

Bowling Green

Office

RP

0.446

4,000

Includes

FinBsmt

0/2

1981

$543,400

90

3025 Q St.,

Richmond, VA 23223

10

Church Hill North

Triplex

Projected Inc.

$39,600/yr

R-6

0.137

3,348

6/3

1910

$208,000

91

801 Burns St.,

Richmond, VA 23222

30

North Highland Park

Residential Lot

R-6

0.066

N/A

N/A

N/A

$12,000

92

3203 Lawson St.,

Richmond, VA 23222

60

Swansboro West

Residential Lot

R-5

0.121

N/A

N/A

N/A

$10,000

93

2208 Joplin Ave.,

Richmond, VA 23224

50

Oak Grove

Residential Lot

R-5

0.223

N/A

N/A

N/A

$10,000

94

318 Brook Rd.,

Richmond, VA 23220

10

Jackson Ward

Mixed-Use

Prev. Apts:

$10,800/yr

B-4

0.031

1,788

0/0

1910

$181,000

95

320 Brook Rd.,

Richmond, VA 23220

10

Jackson Ward

Prev. Apts:

$10,800/yr

Prev. Retail:

$18,000/yr

B-4

0.027

2,052

0/0

1910

$315,000

96

Entirety: 318 & 320 Brook Rd.,

Richmond, VA 23220

10

Jackson Ward

Mixed-Use

B-4

0.058

3,840

0/0

1910

$496,000

97

907 Willow Lawn Dr.,

Richmond, VA 23226

20

Willow Lawn

House

Vacant

R-2

0.256

1,581

4/2

1950

$275,000

*Offering 37 – 3937 Hull Street Rd. & 701A Belt Blvd. are adjoining parcels that MUST be sold together.
*Offering 54 – 4100 Terminal Ave. has been withdrawn, Offering 54 will now only include 4100 Rear Terminal Ave.
*Offering 96 – 318 & 320 Brook Rd. are available individually or may be purchased together.

TERMS AND CONDITIONS FOR THIS AUCTION
(Applies to City of Richmond Tax Delinquent Properties – Offerings 1-61)
May 16, 2018 City of Richmond Tax Delinquent & Property Sale

 

Registration: 

All bidders shall be required to certify that he or she does not own, directly or indirectly, any real estate with an outstanding Notice of Violation under the local environmental, zoning or building code or outstanding real estate or other taxes to the City of Richmond. In the event the tax delinquent property is subject to a Notice of Violation under the Virginia Uniform Statewide Building Code, City Zoning Code or Environmental Codes, the bidder shall be required to submit a written work schedule and plan to abate all violations, which shall be approved by the appropriate department, in its sole discretion. The acceptance of the bid by the Special Commissioner shall not be construed as limiting any powers vested in the City.  The successful bid is subject to confirmation by the aforementioned Circuit Court pursuant to Section 58.1-3969 of the Code of Virginia.  Settlement shall occur at the time of the confirmation by the Circuit Court; otherwise Special Commissioner may forfeit deposit and avail themselves of any other legal or equitable right against the defaulting Purchaser, including costs of resale and any deficiency resulting from resale.  Special Commissioner’s Properties are sold subject to Court Confirmation. Additional terms may be announced at sale. Registration will begin at 3 PM EST on Sale Day (May 16, 2018) and the sale will start at 4 PM EST.

 

Deposit Amount:

Registered bidders must present on auction day an initial deposit of $2,500 or 20% of the Total Purchase Price, whichever is greater. (Total Purchase Price is calculated as the high bid plus the 10% Buyer’s Premium). Deposit must be cash, certified or cashier’s check made payable to Motleys Asset Disposition Group.  The deposit may also be made by personal/company check accompanied by an irrevocable letter of guarantee with the current date on bank letterhead.  Sample Bank Letter: “This irrevocable letter of guarantee will guarantee checks made payable to Motleys Asset Disposition Group and is issued to ____________ (customer’s name) who is a customer of this bank.  This bank will guarantee unconditional payment to Motleys Asset Disposition Group on account #__________ up to the amount of $__________.”

 

If the deposit, online or in-person, is not confirmed and processed at the time of sale, Motleys reserves the right to immediately reauction the property.  This will be considered a default by the buyer (see “Default by Buyer”).

 

Motleys reserves the right to revoke all bidding privileges for any buyer, online or in-person, that does not fully comply with all terms and conditions set forth in this auction.

 

NOTE: Any buyer anticipating large purchases (in excess of $100,000) should notify Motleys of their intent before the auction.  Failure to do so may limit or terminate any future bidding activity from that buyer.

 

Buyer’s Premium:

A Buyer’s Premium of ten percent (10%) will be added to the high bid and included in the total selling price paid by the buyer.

 

Closing:

All properties are being sold subject to court confirmation.  Court hearing for confirmation is anticipated to occur on July 30, 2018. The balance of purchase price and “required documents” are due by close of business on June 18, 2018.  Closing is to occur after court confirmation. Upon settlement, buyer will be provided a Special Warranty Deed or a Special Commissioner’s Deed for the property with adjustment of real property taxes made as of the date of sale and all fees and prorated taxes to be paid by Purchaser.  Risk of loss shall be upon Purchaser from time of confirmation by the Circuit Court.  TIME IS OF THE ESSENCE.

 

Broker Co-op:

A three percent (3%) Broker Participation Fee will be paid to brokers who represent the winning bidder on the property.  Broker participation forms must be received 24 hours prior to auction. Please see Broker Participation Form for full details. For a Broker Participation fee to be paid & be qualified, the high bid of the property must be $20,000.00 or higher.

 

Auctioneer’s Authority on Bidding Procedures and Bidding:

 

Bidding Procedures:

Open and verbal.  Announcements made on the day of the auction will take precedence over all printed material or oral statements made.  (1) Method, order of sale, and bidding increments shall be at the sole discretion of the auctioneer.  (2) The auctioneer reserves the right to delete or add additional properties at his discretion.  (3) Auctioneer may act to protect the seller's reserve, as an agent of the seller, by bidding through the auctioneer.  (4) The auctioneer may open bidding on any property below the reserve by placing a bid on behalf of the seller.  (5) The auctioneer may continue to bid on behalf of the seller up to the amount of the reserve, either by placing consecutive bids or by placing bids in response to other bidders. The auctioneer shall have absolute and sole discretion in the order and conduct of the auction.  The auctioneer has the authority, at his sole and absolute discretion, to deviate from, change, alter, or modify, the bidding procedures and conduct of the auction at any time including after commencement of the auction.

 

Bidding:

All Bidding is open to the public without regard to race, color, sex, religion, or national origin.  As used in these conditions of sale the term "the final bid" means the highest bid acknowledged by the auctioneer, and the term "purchase price" means the sum of the final bid and the buyer’s premium.  The highest bidder acknowledged by the auctioneer shall be the buyer.  The auctioneer has the right to reject any bid or raise any bid which, in his opinion, is not commensurate with the value of the property being offered.  The auctioneer may advance the bidding at his absolute discretion and, in the event of any dispute between bidders, may determine the successful bidder or re-offer and resell the property in dispute.  Should there be any dispute after the sale; record of final sale shall be conclusive.

 

Bidder's Card:

All Bidders are required to have a Bidder's Number to bid.  To obtain a Bidder's Number, a registration form must be filled out giving full name, address and phone number.  This information must be verified by proper identification.  Evidence of correct form of deposit must be made in order to register at the auction. 

 

Bid Execution:

Bids which are submitted to Auctioneer in writing or otherwise left with Auctioneer prior to an auction (Order Bids) for execution at or below a specified price shall be entertained and executed by Auctioneer for the convenience of bidders.  Auctioneer shall not be responsible for failing to execute such bids or for errors relating to the execution of such bids.

 

Buyer's Premium:

A 10% buyer's premium shall be paid by the Buyer and will be added to the final bid on the property.


Example:          High bid on property is:                      $100,000

                           Add 10% buyer's premium:                + 10,000

                          Total on Sales Contract:                      $110,000

 

Closing Costs:

The deed shall be prepared and acknowledged by Seller at Seller’s expense and recorded at the expense of Buyer.   The buyer shall pay all title searches, title insurance charges, survey expenses, usual conveyance expenses, and recordation taxes, including the Grantor’s Tax.  Real estate taxes, water and sewer charges, if any, will be prorated as of the date of closing.

 

Title:

Title to the offered property shall pass to the buyer at formal settlement.

 

Possession:

Possession shall be delivered at the time of confirmation of the bid by the Court and recordation of the deed.  If said premises are tenanted or subject to a tenancy in whole or in part at the time of final settlement, possession shall be delivered subject to such tenancy.

 

Financing:

Sale of the property is not contingent upon the buyer obtaining financing.

 

Acknowledgement of Code Violations:

The Buyer acknowledges that by purchasing the Property he/she responsibility for abatement of building, environmental, zoning or other City Code violations that may exist on the Property and agrees to contact the appropriate City Department within sixty (60) days of the purchase of the Property to provide an abatement plan for any Code violations.

 

Default by Buyer:

In the event that Buyer does not provide the balance of the purchase price to Seller by close of business on June 18, 2018, in addition to other remedies provided to Seller under this Agreement, Buyer shall be liable to Seller in the additional amount of $250.00 until such time as Seller declares Buyer to be in default.  The parties agree and acknowledge that such amount is liquidated damages, calculated to compensate Seller, and is not a penalty. 

 

Additionally, should Buyer fail to make settlement as provided in this Agreement, Buyer shall be deemed in default and the Buyer’s Deposit may be retained by Seller, either on account of the purchase money or as compensation for the damages and expenses Seller has incurred, as Seller shall elect.  In the latter event, Seller’s and Auction Firm’s liability hereunder to Buyer shall absolutely cease.  In the alternative, Seller may resort to any other action or remedy in law or equity that may be available, including legal action to collect the costs of resale and any deficiency resulting from resale.  Upon default by the Buyer, Seller shall forward funds paid to the Seller by the Buyer, or some portion thereof, to Motleys to satisfy any obligations owed to Motleys.

 

Conditions of Default:

If any conditions contained herein are not complied with by the buyer, Auctioneer may, in addition to asserting all remedies available by law, including the right to hold defaulting buyer liable for the purchase price, either, a) cancel the sale, retaining as liquidated damages any payment made by such buyer, b) resell the property without reserve at public auction or privately on seven days' notice to such buyer, or c) take such other action as it deems necessary or appropriate.  If Auctioneer resells the property, the original defaulting buyer shall be liable for the payment of any deficiency between the purchase price and all costs and expenses, the expenses of both sales, reasonable attorney's fees, commissions, incidental damages and all other charges due hereunder.  In any event; the buyer’s, earnest money deposit will be retained by Auctioneer as liquidated damages.

 

State Laws:

The respective rights and obligations of the parties with respect to the Conditions of Sale and the conduct of the auction shall be governed and interpreted by the laws of the state in which the auction is held. By bidding at an auction, whether present in person or by agent, by written bid, telephone or other means, the buyer shall be deemed to have consented to the jurisdiction of the courts of such state and the federal courts sitting in such state.

 

Real Estate Brokers/Agents/Auctioneers:

A fee equal to a specified commission calculated on the successful purchaser's final bid (not including any Buyer's Premium), will be paid (where allowed by law) to any qualified broker/auctioneer who is duly licensed in the state where the property is located, and whose properly registered client successfully buys and closes on the property.  To qualify for a commission, the licensed broker/agent must first register the prospective bidder by mail or fax, (804) 232-3301 on Motley’s Broker Participation Acknowledgment Form, with Motleys Asset Disposition Group, 3600 Deepwater Terminal Rd Richmond, VA 23234.  Registration letters must be countersigned by the prospect and include the broker's and agent's or auctioneer's license number, identification of the property, any agency disclosure statements, the letter and participation acknowledgment form.  All forms, letters and statements must be received no later than 5:00 P.M. one day (24 Hours) prior to the auction.  In addition, agents/auctioneers must also attend with and register their prospects at the auction.

 

Inspection:

All property is sold "As Is, With All Faults."  Descriptions are provided as a service to customers only and do not constitute a warranty, either expressed or implied.  Auctioneer disclaims all responsibility for physical condition.  All buyers are responsible for prior inspection of properties on which they bid, and by bidding are deemed to have so inspected the property.  Placing a bid on the offered property, whether in person, or by agent, by written bid, telephone bid or other means, constitutes an agreement by bidder to these conditions of sale.  For residences built prior to 1978, buyer waives the right to a 10-calendar-day opportunity to conduct a risk assessment or inspection for the presence of Lead-Based Paint and/or Lead-Based Paint Hazards. Square footage dimensions and acreage are approximate and should be independently verified prior to bidding.  Auctioneer, its agents and subagents, and the sellers assume no liability for errors or omissions in this or any other property listing or advertising or promotional/publicity statements and materials. Although information has been obtained from sources deemed reliable, the auctioneer makes no guarantee as to the accuracy of the information herein contained or in any other property listing or advertising or promotional/publicity statements and materials.

 

Megan’s Law Disclosure:

Purchaser(s) should exercise whatever due diligence they deem necessary with respect to information on any sexual offenders registered.  Such information may be obtained by contacting your local police department or the Department of State Police. Should any terms set forth in these Terms and Conditions be inconsistent with the terms of the Purchase Agreement to be executed by the successful bidder, the terms of the Purchase Agreement shall control.

 

Online Bidding:       IN THE EVENT OF ONLINE BIDDING DISRUPTION OR FAILURE, PLEASE CALL OUR OFFICE AT (804) 232-3300.

                                   PRIOR TO BIDDING, ONLINE BIDDERS MUST DO ONE OF THE FOLLOWING:

  • Provide a MasterCard, Visa or Discover credit card with open credit of $2,500.00 for each Property you wish to bid on. Agreeing to the terms is authorization to place a hold on a major credit card.
    • A 3% handling charge is to be added for all major credit cards except American Express
    • A 4% handling fee is to be added for all American Express cards.
  • Deliver cash, certified or cashier's check $2,500.00 for each Property you wish to bid on, made payable to Motleys Asset Disposition Group; or
  • Wire funds to Motleys Asset Disposition Group (email info@motleys.com for wire information)

To obtain a Bidder's Number/Username, a registration form must be filled out giving full name, address and phone number (and deposit must be received as described above). Visit motleys.com to obtain.

 

If you are the highest bidder for a property and are using the online bidding platform to participate in the auction, you must electronically sign the contract through DocuSign within thirty (30) minutes of the hammer falling for that property.

 

Bid Execution:

Bids are also accepted live / in person in addition to the Internet.  Motleys is not responsible for failing to execute bids due to bidder’s technological difficulties. 

 

Technical Problems:

Motleys has made reasonable efforts to provide for online bidding for this sale. You recognize and acknowledge, however, that technical problems with hardware, software, or internet connectivity, as well as human errors, may arise and may affect, without limitation, the sale website, our online bidding program and process, your or our internet service and access, and your connection to this sale bidding program and process. You further acknowledge that these and other technical problems may develop at any time and with or without notice. You acknowledge and agree that neither we nor the Seller is in anyway responsible for any such technical problems, and that you have no absolute or other right to be able to bid on this sale in the event of any such technical problems. Notwithstanding the foregoing, you further acknowledge and agree that, in the event of any such technical problems, we reserve the right to postpone or cancel the sale and/or extend the bidding time for this sale and/or relist the property for sale at another time, in our sole discretion, and that our decision with regard to any such actions is and will be final. Bidders must take care in entering bids, and each Bidder will be responsible for all bids placed under the Bidder’s approved registration. Once entered and recorded online, a bid is deemed to be final on behalf of the registered Bidder and may not be modified, retracted or rescinded in whole or in part.