AUCTION | RVA TAX SALE | 50+ Properties Being Sold! | Residential & Commercial | Tax Delinquent & Consigned Property Sale!

PROPERTY LIST AVAILABLE!
  •   Wednesday, Oct 12 @ 2:00PM EDT (Start)
  •   Wednesday, Oct 12 @ 4:00PM EDT (End)
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REGISTER HERE! BID/VIEW AUCTION

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Carly Stratton

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Image for AUCTION | RVA TAX SALE | 50+ Properties Being Sold! | Residential & Commercial | Tax Delinquent & Consigned Property Sale! thumb
AUCTION | RVA TAX SALE | 50+ Properties Being Sold! | Residential & Commercial | Tax Delinquent & Consigned Property Sale!
Image for 10230 Pondera Rd., Richmond, VA 23235 thumb
10230 Pondera Rd., Richmond, VA 23235
Image for 606 Effingham Dr., Richmond, VA 23224 thumb
606 Effingham Dr., Richmond, VA 23224
Image for 1814 Stockton St., Richmond, VA 23224 thumb
1814 Stockton St., Richmond, VA 23224
Image for 4008 Forest Hill Ave., Richmond, VA 23225 thumb
4008 Forest Hill Ave., Richmond, VA 23225
Image for 4024 Southhampton Rd., Richmond, VA 23235 thumb
4024 Southhampton Rd., Richmond, VA 23235
Image for 2401 Alexander Ave., Richmond, VA 23234 thumb
2401 Alexander Ave., Richmond, VA 23234
Image for 3413 Delano St., Richmond, VA 23234 thumb
3413 Delano St., Richmond, VA 23234
Image for 3216 Terminal Ave., Richmond, VA 23234 thumb
3216 Terminal Ave., Richmond, VA 23234
Image for 2401 Clearfield St., Richmond, VA 23224 thumb
2401 Clearfield St., Richmond, VA 23224
Image for 3414 Keighly Rd., Richmond, VA 23234 thumb
3414 Keighly Rd., Richmond, VA 23234
Image for 1414 Lynhaven Ave., Richmond, VA 23224 thumb
1414 Lynhaven Ave., Richmond, VA 23224
Image for 2306 Concord Ave., Richmond, VA 23234 thumb
2306 Concord Ave., Richmond, VA 23234
Image for 3030 Dorset Rd., Richmond, VA 23234 thumb
3030 Dorset Rd., Richmond, VA 23234
Image for 2510 Belt Blvd., Richmond, VA 23234 thumb
2510 Belt Blvd., Richmond, VA 23234
Image for 401 Mitchell St., Richmond, VA 23222 thumb
401 Mitchell St., Richmond, VA 23222
Image for 201 W. Brookland Park Blvd., Richmond, VA 23222 thumb
201 W. Brookland Park Blvd., Richmond, VA 23222
Image for 3108 4th Ave., Richmond, VA 23222 thumb
3108 4th Ave., Richmond, VA 23222
Image for WITHDRAWN - 3410 Carolina Ave., Richmond, VA 23222 thumb
WITHDRAWN - 3410 Carolina Ave., Richmond, VA 23222
Image for 3212 Cliff Ave., Richmond, VA 23222 thumb
3212 Cliff Ave., Richmond, VA 23222
Image for 2214 Seminary Ave., Richmond, VA 23220 thumb
2214 Seminary Ave., Richmond, VA 23220
Image for 1117 Eggleston St., Richmond, VA 23220 thumb
1117 Eggleston St., Richmond, VA 23220
Image for 3510 E. Richmond Rd., Unit 21, Richmond, VA 23223 thumb
3510 E. Richmond Rd., Unit 21, Richmond, VA 23223
Image for 3510 E. Richmond Rd., Unit 23, Richmond, VA 23223 thumb
3510 E. Richmond Rd., Unit 23, Richmond, VA 23223
Image for 3510 E. Richmond Rd., Unit 27, Richmond, VA 23223 thumb
3510 E. Richmond Rd., Unit 27, Richmond, VA 23223
Image for 1424 N. 19th St., Richmond, VA 23223 thumb
1424 N. 19th St., Richmond, VA 23223
Image for 3510 E. Richmond Rd., Unit 3, Richmond, VA 23223 thumb
3510 E. Richmond Rd., Unit 3, Richmond, VA 23223
Image for 1705 N. 19th St., Richmond, VA 23223 thumb
1705 N. 19th St., Richmond, VA 23223
Image for 1409 N. 31st St., Richmond, VA 23223 thumb
1409 N. 31st St., Richmond, VA 23223
Image for 1710 Spotsylvania St., Richmond, VA 23223 thumb
1710 Spotsylvania St., Richmond, VA 23223
Image for 1413 Vinton St., Richmond, VA 23231 thumb
1413 Vinton St., Richmond, VA 23231
Image for 1702 & 1702A Stony Run Pkwy., Richmond, VA 23223 thumb
1702 & 1702A Stony Run Pkwy., Richmond, VA 23223
Image for WITHDRAWN - 2408 Melbourne St., Richmond, VA 23223 thumb
WITHDRAWN - 2408 Melbourne St., Richmond, VA 23223
Image for 901 N. 36th St., Richmond, VA 23223 thumb
901 N. 36th St., Richmond, VA 23223
Image for 921 N. 20th St., Richmond, VA 23223 thumb
921 N. 20th St., Richmond, VA 23223
Image for 909 N. 36th St., Richmond, VA 23223 thumb
909 N. 36th St., Richmond, VA 23223
Image for 616 S. Pine St., Richmond, VA 23220 thumb
616 S. Pine St., Richmond, VA 23220
Image for 720 N. 1st St., Richmond, VA 23219 thumb
720 N. 1st St., Richmond, VA 23219
Image for 445 W. Duval St., Richmond, VA 23220 thumb
445 W. Duval St., Richmond, VA 23220
Image for WITHDRAWN - 1708 E. Main St., Richmond, VA 23223 thumb
WITHDRAWN - 1708 E. Main St., Richmond, VA 23223
Image for Consignment - 4418 Arnwood Rd., Richmond, VA 23234 thumb
Consignment - 4418 Arnwood Rd., Richmond, VA 23234
Image for Consignment - 3708 Bathgate Rd., Richmond, VA 23234 thumb
Consignment - 3708 Bathgate Rd., Richmond, VA 23234
Image for Consignment - 347 Second Ave., Alberta, VA 23821 thumb
Consignment - 347 Second Ave., Alberta, VA 23821
Image for Consignment - 1203 N. 19th St., Richmond, VA 23223 thumb
Consignment - 1203 N. 19th St., Richmond, VA 23223
Image for Consignment - 420 S. 18th St. - 2 Lots, Hopewell, VA 23860 thumb
Consignment - 420 S. 18th St. - 2 Lots, Hopewell, VA 23860
Image for Consignment - 3408 E. River Rd., South Chesterfield, VA 23803 thumb
Consignment - 3408 E. River Rd., South Chesterfield, VA 23803
Image for Consignment - 3410 Carolina Ave., Richmond, VA 23222 thumb
Consignment - 3410 Carolina Ave., Richmond, VA 23222
Image for Consignment - 626 Brook Ave., Suffolk, VA 23434 thumb
Consignment - 626 Brook Ave., Suffolk, VA 23434

FOR MORE INFORMATION, PLEASE CALL 804.486.4556

RVA Tax Sale & Consigned Property Sale
Residential Homes, Building Lots and Commercial Properties!

 

CLICK HERE FOR THE PROPERTY LIST!

*Property List Updated Daily!

 

AUCTION DATE: October 12, 2022

Check-In begins at 12:00 PM

Sale begins at 2:00 PM

RVA Tax Sale Properties: Sold Starting at 2 PM

Consignment Properties: Sold Directly Following RVA Tax Sale Properties

 

How To Bid:

  1. Auction Date: Wednesday, October 12, 2022: Sale starts at 2 PM – Check-In starts at 12 PM
  2. Pre-registration is required.
    1. Please email a copy of your government I.D. to cstratton@motleys.com
  3. $5,000 deposit is required to bid – cashier’s check/certified checks ONLY.
    1. In person bidding: bring your certified check on sale day to check-in
    2. Online bidding: the deposit is due 24 hours prior to the sale in the form of a certified check or wire (wire instructions available in terms & conditions)

 

 

Things To Remember:

  1. Online Bidding becomes Live at 2 PM!
  2. 10% buyer’s premium will apply to all properties
  3. If you are the winning bidder, a 20% deposit of the total purchase price is due the day of the sale. If you do not have sufficient funds, the remaining balance is due by 12 PM on October 13, 2022.
  4. Final Payment Due Date: TBD
  5. Court Confirmation Date: TBD
  6. Properties will be sold in numeric order of property list
  7. All properties are sold completely AS-IS!   
  8. Read Terms & Conditions

 

 

*When registering online, your account will remain pending, UNLESS, you deliver a certified check to Motleys by 4 PM on Tuesday, October 11, 2022. This certified check will allow you to bid online and your account will then be approved.

TERMS AND CONDITIONS

October 12, 2022 – Tax Delinquent Property Sale

& Multi-Property Consignment Sale

Pages 1-5 - Applies to City of Richmond Tax Delinquent Properties

Pages 6-9  - Applies to Multi-Property Consignment Sale Properties

 

*WHEN REGISTERING IT IS REQUIRED THAT YOU EMAIL A COPY OF YOUR VALID, GOVERNMENT ISSUED, PHOTO I.D. TO  CSTRATTON@MOTLEYS.COM *

When you register online, your account will remain pending, UNLESS, you deliver a certified check to Motleys by 4 PM on Tuesday, October 5th. This certified check will allow you to bid online and your account will then be approved.

 

  • PRE-REGISTRATION ONLY!
    • Registration Deadline – October 11th , 2022 at 4 PM
  • Cashier’s Check (NO CASH OR CREDIT CARDS ACCEPTED)
  • CHECK-IN AT ENTRANCE OF MOTLEYS

 

SALE STARTS at 2:00 PM (EDST) on October 12, 2022!

To be approved for bidding, prospective bidders must:

  • Complete the Real Estate Registration Form, providing full name, complete physical address (no P.O Box addresses), email and working phone number(s); and  
  • Provide a driver’s license, or other government-issued form of photo identification to confirm the bidder’s identity; and
  • Present the required deposit as detailed in the “Deposit Amount” section herein below.

 

Additionally, 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 Richmond Circuit Court. Settlement is subject to the terms of the purchase contract, but no sooner than confirmation of the sale by the Court; otherwise Special Commissioner may forfeit deposit and avail themselves of any other legal or equitable right against the defaulting Buyer, 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.

IN-PERSON BIDDING: In-Person Bidders must present in order to register, an initial deposit of $5,000 for each property to be bid on at check-in on the day of the sale.  The Deposit must be in the form of a certified check made payable to Motleys Asset Disposition Group.

Online Bidding:

TO BE APPROVED FOR THE ABOVE-LISTED BIDDING OPTIONS, BIDDERS MUST DO ONE OF THE FOLLOWING 24 HOURS PRIOR TO THE START OF THE AUCTION:

  • Deliver a cashier's check or certified check for $5,000.00 for each Property to be bid on 24 hours before the start of the auction, made payable to Motleys Asset Disposition Group; or
  • Wire funds to Motleys Asset Disposition Group (SunTrust, 919 East Main Street, Richmond, VA  23219; Account # 10001 909 76877; Routing # 061 000 104; Swift Code SNTRUS3A; Account Name - Motleys Auctions, Inc.  For International Wire Transfers, please confirm with your banking institution any transaction fees that may need to be allowed for and confirm that the correct amount is being wired.)
  • Deposits submitted by non-winning bidders will be returned as follows: if paid by cashier’s check, deposit checks will be available for pick up at Motleys the day following the auction; if paid by wired funds, funds will be returned in the form of a check and will be available for pick up within ten (10) business days following the date of the sale. Please instruct a Motleys representative if you prefer that your deposit be returned by mail.

To obtain a Bidder's Number/Username, please visit www.motleys.com to create an account and register online using your full name, complete physical address, email and working phone number. If you need assistance, please contact Lorrie Pond at (804) 655-2419 or by email to bidderregistration@motleys.com. The required deposit must be received as described immediately above.

If you are the highest bidder for a property and are using Motleys.com, bidding platform to participate in the auction, you will be sent a Purchase Agreement for electronic signature. You must electronically sign the Purchase Agreement within thirty (30) minutes of the hammer falling for that property. If you fail to sign the Purchase Agreement within this timeframe, you are agreeing to forfeit your entire deposit. If the required deposit, whether buyer is participating online or in-person, is not confirmed and processed at the time of sale, Motleys reserves the right to immediately re-auction 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 bidder, whether participating online or in-person, that does not fully comply with all terms and conditions set forth for this auction.

NOTE: Any bidder 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 bidder.

All Over-The-Phone bidders must contact Motleys 24 hours prior to the start of the auction and provide the property number you are interested in bidding on, as well as a telephone number for a Motleys representative to contact you during the sale of the property.

 

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

 

 

REQUIRED WINNING DEPOSITS: At the conclusion of the sale, the winning bidder is required to pay a deposit of $5,000 or 20% of the total purchase price, WHICHEVER IS GREATER. If initial deposit does not cover the 20% deposit of the total purchase price that is due for each property, the remaining balance is due by 12 noon the following day. 

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.

Example

High bid on property is:

$100,000.00

 

Add 10% buyer’s premium:

$+10,000.00

 

Total on Sales Contract:

20% Due at Conclusion of Sale:

$110,000.00

$22,000.00

 

Closing:  Buyer shall provide the balance of the of purchase price to The City of Richmond no later than close of business on November 15, 2022.  A Court hearing for confirmation is anticipated to occur on January 13, 2023.  Upon closing, Buyer will be provided 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 buyer.  We will be prorating taxes as of the date of confirmation. Risk of loss shall be upon Buyer from date of confirmation order.

Broker Co-op: A two percent (2%) Broker Participation Fee will be paid to brokers who represent a winning bidder when the property has closed.  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, the high bid on the property must be $20,000.00 or more.  Brokers must be present at the sale and assist their Buyers during the sale (if applicable), in which their Buyers are the successful bidders, and in the preparation of the agreement of sale to receive said commission.  No commission will be paid to Brokers on any sale to an entity of which (or any affiliate of which) they are principals, employees or affiliates, or immediate family members.  NO BROKER ACKNOWLEDGEMENT FORMS will be accepted at the sale site., 

Auctioneer’s Authority on Bidding Procedures and Bidding:

Bidding ProceduresOpen 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 the 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, the 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, complete physical address, email address and phone number(s). Bidder must provide a current U.S. issued driver’s license, or other U.S. government-issued form of photo identification to verify bidder’s registration information. Evidence of required deposit must be presented in order to register at the auction. 

Bid ExecutionBids 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.

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 purchased property shall be passed to the Buyer at closing.

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 assumes 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 Total Purchase Price to Seller by close of business on the date required by the City of Richmond, Buyer shall be deemed in default and the Buyer’s deposit will 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. The parties agree and acknowledge that such amount is liquidated damages, calculated to compensate Seller, and is not a penalty.  Seller and Auction Firm’s liability hereunder to Buyer shall absolutely cease. In addition, Seller may resort to any other action or remedy in law or equity, including legal action to collect the costs of resale and any deficiency resulting from resale.                                        

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 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.

InspectionAll 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, online, 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: Buyer(s) should exercise whatever due diligence they deem necessary 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.

Bid Execution: Bids are accepted live/onsite, 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 any way 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, re-tracted or rescinded in whole or in part.

If you have any questions, please contact a Motleys representative.  Good Luck!

 

 

 

 

 

 

 

 

Terms and Conditions for Consignment Property Sale

Immediately Following RVA Tax Sale

Terms:  All bidders must register to bid online or in person by registering at Motleys.com. Bidders may execute bids either at Motleys.com or by downloading the Motleys App at either the Apple App Store or at Google Play, as well as, in person on October 12, 2022. A 10% buyer's premium or $2,500.00, whichever is greater will be added to the final bid and will become a part of the purchase price. As an example, if you bid $100,000 for a property the contract sale price will be $110,000. The property is sold in “AS-IS” condition, and is not contingent upon buyer's financing, condition of property, appraisal, inspection, etc. Buyers shall rely on their own information, judgment, and inspection of the property. Title will convey via Marketable Deed from all owners of record and free and clear of all liens. The property taxes will be prorated to the date of closing. The closing will take place within 45 days of the sale unless specified otherwise or as soon thereafter as necessary to correct any defects in title. Time is of the essence with respect to all closings. If you are NOT prepared to make the required Earnest Money Deposit, execute the required documents, and close within the timeframe stated, please do not bid. Day of sale announcements take precedence over any previously printed material or any other oral statements made. The sale is subject to owner confirmation.

Online Bidding: TO BE APPROVED TO BID ONLINE, BIDDERS MUST DO ONE OF THE FOLLOWING 24 HOURS PRIOR TO THE START OF THE AUCTION:

•           Deliver a cashier's check or certified check for $5,000.00 at least 24 hours before the start of the auction, made payable to Motleys Asset Disposition Group; or

•           Wire funds to Motleys Asset Disposition Group (SunTrust, 919 East Main Street, Richmond, VA  23219; Account # 10001 909 76877; Routing # 061 000 104; Swift Code SNTRUS3A; Account Name - Motleys Auctions, Inc.  For International Wire Transfers, please confirm with your banking institution any transaction fees that may need to be allowed for and confirm that the correct amount is being wired.  Any direct deposit made into our account must be verified through our financial institution and this process may take up to a week minimum.  No items will be released until verification has been completed.  We discourage direct deposits into our account.)

•           Deposits submitted by non-winning bidders will be returned as follows: if paid by cashier’s check, deposit checks will be available for pick up at Motleys the day following the auction; if paid by wired funds, funds will be returned in the form of a check and will be available for pick up within ten (10) business days following the date of the sale. Please instruct a Motleys representative if you prefer that your deposit be returned by mail.

•           To obtain a Bidder's Number/Username, please visit www.motleys.com to create an account and register online using your full name, complete physical address, email and working phone number. The required deposit must be received as described immediately above.

Bidder Verification: The identity of all bidders will be and must be verified. Bidding rights are provisional, and if complete verification is not possible, Motleys may reject the registration, and bidding activity may be terminated. You will need a verifiable address, a verifiable phone number, and a verifiable email address. Contact the sale coordinator, Carly Stratton at 804-335-9994, immediately after registering to provide verifiable information needed for you to be approved to bid.

Earnest Money Deposit: At the close of the sale, and seller confirmation, the successful bidder will be emailed or given the contract package to execute and return to Motleys. The winning bidder will be required to submit an earnest money deposit totaling the 10% buyer's premium or $2,500.00, whichever is greater at the conclusion of the sale. The deposit must be in the form of a wire transfer, cashier's check, or certified check (from a US bank), made payable to Motleys Asset Disposition Group.  In certain cases, the remaining balance of the 10% buyer’s premium is due within 3 business days of the sale if it is not fulfilled with the initial $5,000 deposit. The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees or cashier’s check fees. If the successful bidder does not execute and return the contract with earnest money deposit by 5 PM the day after the sale, the Buyer will be considered in default and subject to legal action. This is a legally binding contract.

Administrative Fee:  In the event a winning bidder fails to submit the signed contract and the $5,000.00 earnest money deposit as provided in the pre-stipulated Terms and Conditions, the winning bidder will be charged an administrative fee of $10,000.00 on the credit card provided at registration. Additional default remedies are reserved by Motleys Auctions, Inc./Motleys Asset Disposition Group and the Seller as provided in the Terms & Conditions and the Contract for Purchase. All administrative fees are nonrefundable.

Due Diligence: Any reliance on the content of information provided shall be solely at the recipient’s risk. All information is believed to be correct but is not guaranteed. Bidders must conduct and rely solely upon their own investigations and inspections. The property is being sold “AS-IS” with all faults. 

Default:  If the closing does not occur for any reason whatsoever, other than solely due to the fault of the Seller, Seller shall retain the earnest money deposit as a measure of liquidated damages. This provision shall in no way affect the right of Seller and Motleys Auctions, Inc./Motleys Asset Disposition Group to rely upon and to exercise any other legal remedies or recourse available to them, including without limitation seeking specific performance or monetary damages, in the event the closing contemplated herein does not occur due to default by Purchaser. Purchaser further agrees to pay all attorney fees, court costs and other costs of collection/enforcement incurred by Motleys and Seller due to a default by Purchaser. The sale is subject to cancellation, additions, deletions, pre-sale, or postponement.

Broker Co-op: Motleys will pay up to a three percent (2%) Broker Participation Fee (based on highest offer and not including applicable buyer’s premium) to the broker representing the winning participant on the real property. All broker participation forms must be submitted to Motleys 24-hours prior to the sale.

Closing: TIME IS OF THE ESSENCE WITH RESPECT TO ALL CLOSINGS!

The successful buyer must sign all documents and contracts in the time referenced in the contract and will be required to make an appointment with the closing agent to pay the balance of the purchase price and receive the deed to the property. All closings must occur within 45 days, unless otherwise specified in the Purchase Agreement. Buyer acknowledges and agrees that time is of the essence. Said premises are to be conveyed by Marketable Deed from all owners of record and free and clear of all liens. If you are the successful participant, you will be required to sign a purchase and sale agreement or similar agreement or document and other necessary documents in the form established by Motleys. The terms of the Purchase Contract are expressly non-negotiable, and the Purchase Contract must be signed in the name of the successful participant and, except as may specifically be permitted by the terms of the Purchase Contract or expressly agreed upon in writing by the Seller or Motleys in their sole discretion, may not be assigned to any other person or party. The Purchase Contract and such other documents will set forth the specific terms and conditions of the sale, including the time by which the successful participant’s purchase of the property must be completed.

Copies of some or all these documents are available on Motleys website or may be obtained from Motleys, and it is your responsibility to obtain, read, and understand the provisions of any such documents before making offers at this sale.

Closing Costs: The deed shall be prepared and acknowledged by Seller at the Seller’s expense and recorded at the expense of the Buyer. The buyer shall pay all title searches, title insurance charges, survey expenses, usual conveyance expenses, and recordation taxes, including the Grantor’s and Grantee’s Tax. Real estate taxes, rents, water and sewer charges, if any, will be prorated as of the date of closing. Successful purchasers must pay all wire transfer fees. Sale of the property is not contingent upon the buyer obtaining financing.

Offers: All Offers are 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 offer” means the highest offer acknowledged by the party conducting the sale, and the term “purchase price” means the sum of the final offer. The highest offering acknowledged by the party conducting the sale at the end of the sale shall be the buyer of that real property. The party conducting the sale has the right to reject any offer or raise any offer which, in his opinion, is not commensurate with the value of the property being offered. The party conducting the sale may advance the offering at his absolute discretion and, in the event of any dispute between registered participants, may determine the successful participant or re-offer and resell the property in dispute. Should there be any dispute after the sale, the record of final sale shall be conclusive.  

Offer Intervals: To be determined by the party conducting the Sale.

Extended Offering Time - Online Participation, When Available: Notwithstanding the scheduled closing time for this sale, if an offer is made at any time during the final five (5) minutes of the scheduled offering time, the offering time will automatically be extended. Subsequent and additional extensions shall be applied to all offers placed during any such extension period until an extension period has expired without additional offers being placed, at which time the offering time, as extended, shall be closed.

Offer Execution: Offers which are submitted to Motleys in writing or otherwise left with Motleys prior to a sale (Order Offerings) for execution at or below a specified price shall be entertained and executed by Motleys for the convenience of participants. Motleys shall not be responsible for failing to execute such offers or for errors relating to the execution of such offers.

Conditions of Default: If successful participant defaults in making settlement, the deposit paid by that defaulting successful participant shall be forfeited, and the property purchased by such defaulting successful participant may either be resold at the risk and expense of such party or Seller may accept the next highest available offer at the sale. Such defaulting successful participant shall be liable personally for any deficiency resulting from the resale of the property it purchased at a lower price as well as for all costs, expenses, and attorneys’ fees in connection with such resale. The forfeiture of such deposit shall not limit any rights or remedies of Seller with respect to any such default.

Controlling Law: The respective rights and obligations of the parties with respect to the Conditions of Sale and the conduct of the sale shall be governed and interpreted by the laws of the Commonwealth of Virginia. By making an offer at the sale, whether present in person or by agent, written offer, telephone, online or other means, the participant shall be deemed to have consented to the jurisdiction of the state and federal courts of the Commonwealth of Virginia.

Inspection: All property is being sold “WHERE-IS, AS-IS,” “WITH ALL FAULTS,” with no representations or warranties of any sort except the general warranty to be included in the deed to the real property. Descriptions are provided as a service to customers only and do not constitute a warranty, either expressed or implied. Motleys disclaims all responsibility for physical condition. All buyers are responsible for prior inspection of properties on which they make an offer, and by making an offer(s) are deemed to have so inspected the property to their satisfaction. Placing an offer, whether in person, or by agent, or other means, constitutes an agreement by participant to these conditions of sale. Motleys and their agents and subagents 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, Motleys 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.

Release: The successful participant must agree to release any and all claims or causes of action it may have against beneficiary and Motleys (or the employees or agents of either of them) relating in any way to (a) the sale, (b) the property offered for sale, (c) any condition or aspect of such property that may not be in compliance with any federal, state, or local law, regulation, or ruling including, without limitation, any laws, regulations, and rulings relating to environmental contamination or hazardous waste, and/or (d) any documents, reports, complications, financial statements, projections, surveys, or any other documents delivered to such successful participant by Motleys, and/or the beneficiary, or the agents or employees of either of them (collectively, the “Accommodation Documents”). The successful participant must acknowledge and agree that the beneficiary, Motleys, and the agents or employees of any of them have not made and do not make and have disclaimed any and all representations or warranties regarding the truth, accuracy, or completeness of any of the documents provided the successful participant relating to the property purchased or the sources thereof and that such documents were provided solely as an accommodation to such successful participant.

Agency Disclosure: In all transactions, Motleys is acting as an agent for the Seller, not as a Buyer’s Agent. Motleys reserves the right to remove or cancel the bids and or bidding rights and privileges of any party, deemed not to be in the best interest of the Seller, at any time. Motleys reserves the right to bid on behalf of the Seller.

Governmental Authorizations: The successful participant for the real property will be responsible for obtaining, at its expense, the approval for any license, privilege, permit, or right necessary to improve, renovate, and/or develop the real property, or to construct, improve, and/or alter any improvements on the real property, and such successful participant will be responsible for the fulfillment of any conditions imposed or required for such approvals. The sale will be final whether any such approvals are obtained of any necessary or desirable licenses, permits, privileges, or rights.

Megan’s Law Disclosure: Interested parties should exercise whatever due diligence they deem necessary with respect to information on registered sexual offenders who might live near a property being offered for sale. Such information may be obtained by contacting your local police department or the Department of State Police.

Online Offers: Motleys is not responsible for failing to execute offers due to participants’ technological difficulties.

Technical Issues: Neither the company providing the software, nor Motleys shall be held responsible for a missed bid or the failure of the software to function properly for any reason. In the unfortunate event of a Distributed Denial of Service [DDOS] attack or server attack/shut down, Motleys reserves the right, but is not required, to extend bidding time. To minimize the chance of being affected by internet or software issues, please use the “Max Bid” feature. Please contact Tim Shelton/Bid Wrangler @ 844-296-8727 if you need assistance with the online bidding platform.   

 

Contact Information:

Carly Stratton - CStratton@Motleys.com 804-335-9994

 

*By bidding at this sale, the Buyer hereby acknowledges receipt of and agrees to all these Terms and Conditions.