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Foreclosure Auction | Suffolk VA

Auction Information: 

- May 14th at 10:00a LIVE & ONLINE (click here to view all upcoming auctions in the Hampton Roads area) 

- Live bidding will be held at Suffolk Circuit Court on the courthouse steps located at 150 North Main St. Suffolk, VA 23434  

- Previews will be held May 1st, 2nd, 8th, & 9th from 10a-4p or by appt. 

- Offering 2% Broker Participation *form is located under the 'Documents' tab*

Auction Property: 424 Linden Ave, Suffolk, VA 23434 

Tax Ticket Information: City of Suffolk Account #152646300 

Acreage: 0.08

SF: 1,178

Year Built: 1952

Total Tax Assessment: $65,900.00 

Land Assessment: $31,7500.00 

Imp. Assessment: $34,200.00

Additional Property Details:

-  SINGLE FAMILY HOUSE

-  NEW VINYL SIDING

-  NEW METER BASE

-  NEW GOODMAN HEAT PUMP

-  NEW PELLA WINDOWS

-  NEW ELECTRIC

-  NEW PLUMBING

-  READY FOR DRYWALL AND APPLIANCES

424 Linden Ave. Single Family House

Unit type

Location

Occupancy

Monthly Rent

Single Family House 3 BR 1 BA

NA

NA  Vacant

$1000.00 est.


 

Auction Property: 119 Church St, Suffolk VA 23434 

Tax Ticket Information: City of Suffolk Account #351089000

Acreage: 0.06

SF: 1,680

Year Built: 1935

Total Tax Assessment: $78,100.00 

Land Assessment: $24,900.00 

Imp. Assessment: $53,200.00

Additional Property Details:

119 Church St. Single Family House - Currently being rented by the room - 5 room rental 

Unit type

Location

Occupancy

Monthly Rent

Single Family House 3 BR 2 BA

NA

2 rooms rented - No present income 

$1000.00 est.

- SINGLE FAMILY HOUSE, CURRENTLY USED AS RENTAL FOR ROOM RENTALS.

- 2 STORIES WITH VINYL SIDING

- VINYL PELLA AND UNITED WINDOWS

-  3 BEDROOMS, 2 BATHROOMS

-  NEW WATER HEATER

-  WASHER AND DRYER HOOKUP

-  BACKYARD HAS SECURITY FENCE WITH NICE DECK

-  LOWER-LEVEL FEATURES 1 ROOM FOR RENTAL WITH COMMON AREA, DINING ROOM, KITCHEN, FULL BATH

-  UPPER-LEVEL FEATURES 4 ROOMS FOR RENTAL, 1 FULL BATH

ALL LEASES ARE MONTH TO MONTH OR HOLDOVER TENANCY


“AS-IS,” “WHERE-IS”: The properties are being sold “AS-IS,” “WHERE-IS”. Potential Buyers must perform such independent investigations with respect to the properties or title as they deem necessary. Advertisements: All information provided by Auction Company and the Seller is deemed reliable but is not warranted. The information contained in this brochure and any advertisements by Auction Company are subject to verification by all parties relying on it. No liability for its accuracy, error or omission is assumed by the Auction Company or the Seller.

AUCTION TERMS AND CONDITIONS

Auction Dates: May 14, 15, and 16 2024. SEE ATTACHED AUCTION SCHEDULE BELOW

Preview Dates: May 1 - May 2, 10:00 am - 4:00 pm, or by appointment | May 8 - May 9, 10:00 am - 4:00 pm, or by appointment

Online Registration Deadline: Friday, May 10, 2024 @ 12:00 pm

Registration Deposit: 

  • In-Person Bidding: 10% of expected high bid
  • Online Bidding: SEE DEPOSIT SCHEDULE BELOW
  • Buyer’s Premium: 5% of the high bid price

Substitute Trustee: Todd Fisher, (703) 930-6894, todd@reosolutionsva.com

Trustee Company: REO Solutions, LLC

Trustee Address: 4103 Chain Bridge Road Suite 100 Fairfax, VA 22030

Auction Company: Walker Commercial Services

Address: 101 Albemarle Ave SE, Roanoke, VA 24013

Phone Number: (540) 344-6160

Email: info@walkercommercialservices.com

GENERAL TERMS AND CONDITIONS OF THE AUCTION:

  1. Deposit: The successful bidder will be required to sign a Memorandum of Sale, immediately following the end of the Auction. At the conclusion of the sale, a Deposit in the amount of 10% of expected high bid in the form of a certified check, will be delivered to the Substitute Trustee. The Deposit will be applied to the contract sales price at closing. The deposit is non-refundable unless the Substitute Trustee is unable to convey title. Closings to take place within 30 days of sale. Time is of the Essence.
  2. Buyer’s Premium:  There will be a 5% buyer’s premium in effect on the day of the sale. The buyer’s premium will be added to the final bid amount to determine the contract sales price. Example: final bid amount of $100,000 x 5% = $5,000.  $100,000 + $5,000 = $105,000 “Purchase Price”.
  3. “AS-IS,” “WHERE-IS”: The properties are being sold “AS-IS,” “WHERE-IS”.  Potential Buyers must perform such independent investigations with respect to the properties or title as they deem necessary. 
  4. Advertisements: All information provided by Auction Company and the Seller is deemed reliable but is not warranted. The information contained in this brochure and any advertisements by Auction Company are subject to verification by all parties relying on it.  No liability for its accuracy, error or omission is assumed by the Auction Company or the Seller.
  5. Announcements: Announcements made on the day of sale by Substitute Trustee and/or auctioneer take precedence over all prior communications and announcements concerning the sale or the Property.
  6. Representation: Auction Company and its representatives represent the Seller. 
  7. Deed: The properties will be conveyed by Special Warranty Deeds.
  8. Bidding:  All Bidding is open to the public without regard to race, color, sex, religion, or national origin. All Bidders are required to have a Bidder's Number and provide proof of possession of a cashier’s check for their respective deposit in order to bid. To obtain a Bidder's Number, you must be registered. As used in these conditions of sale the term "the final bid" means the highest bid acknowledged by the Trustee and Auctioneer, and the term "Purchase Price" means the sum of the Final Bid and the Buyer’s Premium. The highest bidder acknowledged by the Trustee and Auctioneer shall be the buyer. 

The Trustee has the right to reject any bid which, in his opinion, is not commensurate with the value of the property being offered. The Trustee and Auctioneer may advance the bidding at their 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. Auctioneer reserves the right to set bid increments.  Should there be any dispute after the sale, the record of final sale shall be conclusive. 

  1. Closing Costs: The Deed shall be prepared and acknowledged by Seller at Buyer’s expense and recorded at the expense of Buyer, including all costs and fees related to drafting, executing, and recording the Trustee’s Deed, including the Grantor’s Tax. The Buyer shall pay all title searches, title insurance charges, survey expenses, usual conveyance expenses, and recordation taxes. Real estate taxes, water and sewer charges, rent, and all other municipal charges and liens owed against the Property shall be the responsibility of the Buyer and shall be paid by the Buyer at settlement. The cost of all documentary stamps, recordation taxes, document preparation and transfer taxes is to be paid by the Buyer.
  2. Financing: Sale of the property is not contingent upon the Buyer obtaining financing. 
  3. Inspection: All property is sold "As Is, With All Faults.”  Description and other information are provided as a service to bidders only and do not constitute a representation or warranty, either expressed or implied. Trustee and Auctioneer disclaim all responsibility for physical condition. All buyers are responsible for prior inspection of properties on which they intend to bid, and by bidding are deemed to have so inspected the property.  Auctioneer and Trustee are not responsible for delivering possession of the property, which is solely the responsibility of Buyer. 
  4. Bid Execution & Technical Problems: Walker is not responsible for failing to execute bids due to Auction Company’s or bidder’s technological difficulties. Walker 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 Walker 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.   In addition to forfeiting the bidder’s deposit, the bidder will also be subject to lawsuit for Damages and/or Specific Performance in the Court of Law in which the property is located.  Further, all Attorneys' Fees incurred by the Seller, Trustee and/or the Auction Company will be due and paid by a defaulting bidder.

CASTING A BID FOR THE PROPERTY WHETHER IN PERSON OR ONLINE CONSTITUTES ACCEPTANCE OF ALL OF THE FOREGOING TERMS AND CONDITIONS, INCLUDING ANNOUNCEMENTS AT THE SALE AND THE TERMS OF THE MEMORANDUM OF SALE WHICH, IF INCONSISTENT WITH ANY TERMS CONTAINED HEREIN, SHALL GOVERN.

ADDITIONAL TERMS FOR BIDDING ON-LINE

  1. REGISTRATION: Complete the Online Registration Form found on the online auction website, providing full name, complete physical address, current working email, and phone number(s).
  1. DEPOSIT:
  1. Mail a cashier’s check payable to the trustee at the trustee company/address listed in reference table above, cashier’s check along with all supporting documents must be received no later than May 10th, 2024, at 12:00 pm, in the amount of: SEE ONLINE DEPOSIT SCHEDULE BELOW or
  2. Wire funds to the escrow account in the amount of: SEE ONLINE DEPOSIT SCHEDULE BELOW, plus a $35.00 convenience fee to cover the wire transfer charge. For wiring instructions please contact the trustee. Note: generally, wires must be initiated prior to 2:00 PM in order to clear by 5:00 PM.
  3. ALL supporting documents and deposit(s) must be received no later than May 10th, 2024, at 12:00 pm to complete registration. 

Deposit Schedule for Online Bids

Address

Required Deposit

424 Linden Ave, Suffolk, VA 23434

$10,000.00

119 Church St, Suffolk, VA 23434

$10,000.00

1433 Chestnut Ave, Chesapeake, VA 23325

$10,000.00

2809 Chicago Ave, Portsmouth, VA 23704

$10,000.00

123 Wall St. Portsmouth, VA 23702

$10,000.00

209 W. Little Creek Rd, Norfolk, VA 23505

 $25,000.00

211 W. Little Creek Rd, Norfolk, VA 23505

 $25,000.00

215 W. Little Creek Rd, Norfolk, VA 23505

 $25,000.00

217 W. Little Creek Rd, Norfolk, VA 23505

 $25,000.00

249 Newport News Ave, Hampton, VA 23669

  $10,000.00

NOTE: If you are the successful bidder, immediately upon the Auction being completed, unless the Trustee is unable to convey title, your Deposit becomes NON-REFUNDABLE and upon closing will be applied to the purchase price.

Deposits made by the non-winning bidders will be returned by check in the mail, or can be picked up at the offices of the trustee three business days after the end of the auction between the hours of 9:00 a.m. and 5:00 p.m.  Checks that are not picked up will be automatically mailed to the address provided at registration.

3.   MEMORANDUM OF SALE: Online bidders will be required to sign a blank Memorandum of Sale upon receipt of the Deposit, acknowledging agreement to the terms and conditions of the Memorandum of Sale. If you are not the successful bidder, the signed agreement will be destroyed.

Once you have completed the above steps, the auction company and Substitute Trustee may approve your registration and you will be eligible to bid online. In order to bid online, all of these steps must be completed prior to the online deadline listed in the reference table above. If you do not timely meet these requirements, you or a legal representative must attend the auction in person in order to bid.

The Substitute Trustee will have the option to speak with all online bidders. If the Deposit for the successful bidder is less than 10% of the bid price, the Substitute Trustee may request additional funds to equal 10% of the high bid price. 

By completing these steps, you agree to all of the terms and conditions announced at the sale, those contained in the Memorandum of Sale and all of the items contained herein which, by incorporation, are part of the terms of sale.

AUCTION SCHEDULE

SALE #

PROPERTY

DATE

TIME

AUCTION LOCATION

1

424 Linden Ave.

Suffolk, VA 23434

 

119 Church St. 
Suffolks, VA 23434

May 14, 2024

10:00 AM

Suffolk Circuit Court

150 North Main St.

Suffolk, VA 23434

 

 

2

1433 Chestnut Ave.

Chesapeake, VA 23325

May 14, 2024

2:00 PM

Chesapeake Circuit Court

307 Albemarle Dr. 

Chesapeake, VA 23322

3

2809 Chicago Ave.

Portsmouth, VA 23704

 

123 Wall St.

Portsmouth, VA 23702

 

May 15, 2024

10:00 AM

Portsmouth Circuit Court

1345 Court St.

Portsmouth, VA 23705

4

209 W. Little Creek Rd

Norfolk, VA 23505

 

211 W. Little Creek Rd

Norfolk, VA 23505

 

215 W. Little Creek Rd

Norfolk, VA 23505

 

217 W. Little Creek Rd

Norfolk, VA 23505

 

May 15, 2024

2:00 PM

Norfolk Circuit Court

150 St. Paul’s Blvd.

Norfolk, VA 23510

5

15043 Warwick Blvd. 

Newport News, VA 23608

**This property is subject to separate terms and conditions visit www.walkercommercialservices.com for full terms and conditions **

May 16, 2024

10:30 AM

Newport News Circuit Court

2500 Washington Ave.

Newport News, VA 23607

6

249 Newport News Ave

Hampton, VA 23669

May 16, 2024

2:00 PM

Hampton Circuit Court

237 N. King St.

Hampton, VA 23669

 

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