Auction Information
Auctioneer Yount Auction & Realty, Inc. 828-459-7335
Auction Date Feb 27 Auction
Location
513 NORTH CAROLINA AVENUE
MAIDEN, NC
Time 12:00PM
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AuctionZip Auctioneer ID# 10482

INVESTMENT PROPERTY REAL ESTATE AUCTION

 

WEDNESday – FEBRUARY 27, 2019

12:00 NOON

 

FORECLOSURE SALE FOR BANK OWNED PROPERTY

FORMER DAY CARE CENTER LOCATED 

IN CENTRAL MAIDEN AREA 

513 North Carolina Avenue Maiden, NC 28650 

DIRECTIONS: Take Business Hwy 321 into Maiden. Property on LEFT. Property directly across the street from the former Carolina Mills Plant.  WATCH FOR POINTERS AND SIGNS!!!!!                          

DESCRIPTION: Former Day Care facility located in central Maiden. According to the Catawba County Tax records, this brick building has approximately 1040 square feet, and consists of an open area including a bath and an office area.  There is a small kitchenette with a commercial dual stainless steel sink and the flooring in the day care portion is linoleum tile, while the office is carpeted. All fixtures and equipment inside of facility are included in the sale. There is an asphalt parking area in the rear, a fenced-in playground area with 18’ X 20’ metal carport awning and a separate enclosed outbuilding/shed. The building was built in 1950 and is Zoned R-8. The utilities are public water and sewer. Heating and cooling is by Heat Pump. Lot Dimensions: 64’ X 198’ X 64’ X 201’. Catawba County Parcel ID #364713138685. Assessed Catawba County Tax Value: $62,100. 

GREAT INVESTMENT PROPERTY 

TERMS ON ABOVE REAL ESTATE:  Should the property be purchased by a third party, that purchaser must pay, in addition to the amount bid, the following items: (i) the tax required by NCGS § 7A-308(a)(1) of Forty-five Cents (45¢) per One hundred Dollars ($100.00) up to a maximum tax of Five Hundred Dollars ($500.00), and (ii) the excise tax on conveyances required by NCGS § 105-228.28 et seq. of One Dollar ($1.00) per Five Hundred Dollars ($%00.00) or fractional part thereof.

Pursuant to NCGS § 45-21.10(b), and the terms of the Deed of Trust, any successful bidder, other than the secured lender, will be required to deposit with the Substitute Trustee immediately upon conclusion of the sale a deposit equal to five (5%) percent of the amount of the bid or $750.00, whichever is greater. Any successful bidder shall be required to tender the full balance purchase price so bid at the time the Substitute Trustee teders to him a deed for the property or attempts to tender such deed, and should said successful bidder fail to pay the full balance purchase price so bid at that time, he shall remain liable on his bid as provided for in NCGS § 45-21.3(d) and (e). All payments to the Substitute Trustee (including any deposit and the purchase price) shall be by certified funds, official bank check, or the equivalent. Cash payments in excess of $500.00 and personal checks will not be accepted by the Trustee under any circumstance. 

The property to be offered pursuant to this notice of sale is being offered for sale, transfer and conveyance “AS IS, WHERE IS.” Neither the Substitute Trustee nor the Holder of the note secured by the deed of trust/security agreement or both, being foreclosed, nor the officers, attorneys, employees, agents, or authorized representatives of either the Substitute Trustee or the holder of the note make any warranty relating to the title or any physical, environmental, health, or safety conditions existing in, on, at or relating to the property being offered for sale, and any and all responsibilities or liabilities arising out of or in any way relating to any such condition are expressly disclaimed. The property is being sold subject to all prior liens, unpaid taxes, matters of survey, restrictions, encumbrances, leases, easements, assessments, and other matters of record, if any. 

This sale will be held open ten (10) days for upset bids as required by law. If the Substitute Trustee is unable to convey title to this property for any reason, including, but without limitation, the filing of a bankruptcy petition, reinstatement of the loan by the lender without notice to the Substitute Trustee, challenge to the validity of the foreclosure sale, and/or necessity of resale due to any failure to comply with application procedures, the sole remedy of the purchaser is the return of the deposit.

INSPECTION:  Monday, February 25, 2019 (12 PM – 2 PM) 

            YOUNT AUCTION AND REALTY, INC.

NCAFL # 7756

P.O. BOX 742   CLAREMONT, NC  28610

(828) 459-7335

www.yountauctionandrealty.com

www.auctionzip.com  ID #10482 or #10483

IMPORTANT NOTICE:  Although information has been obtained from sources deemed reliable, the auctioneer and the seller makes no warranty to guarantee expresses or implied, as to the accuracy of the information herein contained.  It is  for this reason that buyers should avail themselves of the opportunity to make inspections prior to the sale.  The buyer acknowledges that he of an agent has inspected all of the assets upon which he will be bidding and/or does purchase.  Buyer agrees to accept assets purchased “as-is”, “where –is”, “in-Place”, and “with all faults”.  The auctioneer expressly disclaims on the part of the auctioneer as agent and the seller, any warranty as to fitness or usability of all the assets, and the buyer expressly waives any claim to any possible future use of the asset purchase whatsoever.  Auction company represents the seller only in any and all auction transactions.   Auction company reserves the right to add non-estate items to the auction.   All properties listed for auction are subject to sale prior to the auction.

The buyer does hereby assume and does agree to indemnify and hold the auctioneer and seller harmless from any future claim which shall pertain to the fitness or use of that asset as being purchase.  Announcements made on sale day take precedent over any previously printed or internet advertising.  Not responsible for personal accident or injury.




Auctioneer License Information: 4235

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