Offering #7 - Hickory Hollow Ln, Copper Hill, VA 24079

Floyd County Delinquent Tax Sale Auction

We present 6 offerings which are being auctioned off through simulcast auction. Bidding will be offered both online and live. Live bidding will be held in the Floyd County Court Room on January 22nd at 1 PM. Details, terms and conditions regarding Offering #7 is found below:

Live & Online Bidding Ending Monday, January 22nd at 1 PM
Online Location: BlueRidgeLandandAuction.hibid.com
Live Location: Floyd County Court Room
                       100 E Main St., (Room 200)
                       Floyd, VA 24091 

DEFINITIONS:
         1. "Judicial Sale" shall mean the sale of Property, at auction, which is authorized by a Decree of Sale, granted by the appropriate Circuit Court, and which is subject to Confirmation of the Sale by the appropriate Circuit Court.

         2. "Non-Judicial Sale" shall mean the sale of certain Property, at auction, which by statute, is not subject to approval or confirmation by any court.

         3. "Simulcast Auction" shall mean an auction that is simultaneously conducted virtually and at a physical location, whereby registered bidders may participate in-person or remotely.

OFFERING #7: HICKORY HOLLOW LN, COPPER HILL, VA 24079 | NON-JUDICIAL SALE­
Unimproved parcel of +/- 0.74 acres.
Click Here for Auction Notice
Click Here for Property Information Packet
Click Here for Property Map

CONTACT: Auctioneer Matt Gallimore at 540-239-2585 or email Gallimore.Matt@gmail.com with any questions.

AUCTION NOTICE: Download Auction Notice Packet for complete information on each offering. The Auction Notice, complete terms and conditions, sample contracts, and payment terms.

PROPERTY INFORMATION PACKET: Download Property Information Packet for maps, surveys, deeds, tax cards, restrictions etc. Some of the surveys­­­­­­/maps in the Property Information Packet may have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are in Bidder Pack as well.­­­­

SIMULCAST AUCTION: Auction will be simultaneously conducted virtually and at a physical location, whereby registered bidders may participate in person or remotely. Bidders can participate online at VAAuctionPro.com, or in person on January 22^nd at 1 PM at 100 E Main St., (Room 200) Floyd, VA 24091.

BUYER’S PREMIUM – TEN PERCENT (10%): Buyer’s Premium shall be added to the high bid, which will determine the Total Contract Sales Price. Bidders acknowledge and understand that the Buyer’s Premium will be added to the winning bid to obtain the total contract sales price. Example: (winning online bid $100,000 + 10% buyer’s premium = total purchase price of $110,000).

GENERAL TERMS OF SALE: All sales are subject to confirmation by the Circuit Court. The Special Commissioner has the right to reject any bids determined to be unreasonable in relation to the estimated value of the Property. Any unsold property will be offered for sale again at the next auction, whenever that may be.

Properties are conveyed by Special Warranty Deed, subject to any easements, covenants, agreements, restrictions, reservations, and any and all rights of record which may affect the property. Properties are offered for sale as-is, where-is, and if-is, with all faults and without any warranty, either expressed or implied. Persons are encouraged to make a visual inspection of the property within the limits of the law and to obtain an independent title search, at their own expense, prior to bidding on any of the properties to determine the suitableness of the property for their purposes. It is not guaranteed that the property has a right-of-way or that it is not landlocked. Property is sold in gross and not by the acre. There is no warranty as to the accuracy of any information contained in the GIS system, nor is the information contained therein a legal representation of any of the features of the property which it depicts. We do not provide and do not assist with obtaining title insurance or title to personal property.

The sale of property to the highest bidder is not contingent upon obtaining financing. Financing, if needed, is the sole responsibility of the high bidder. By bidding, parties are entering into a legally binding contract, waive all rescission rights, and understand that their bid is immediately binding, irrevocable, and enforceable. Additionally, by bidding, parties are representing that they have read, and agree to be bound by, all terms and conditions for this sale. Failure to complete the property purchase will result in forfeiture of any funds paid and may subject the highest bidder to additional damages, which may include expenses and any deficit upon resale.

PAYMENT TERMS: The highest bidder shall make a deposit in the amount of twenty-five-percent (25%) or One Thousand Dollars ($1,000.00), whichever is higher, along with a 10% buyer’s premium, subject to a minimum of $150, added to the final bid. Bids which are less than One Thousand Dollars ($1,000.00) shall be paid in full at the time of the auction. Deposits shall not exceed Twenty Thousand Dollars ($20,000) per parcel. Such sum shall be held by the Special Commissioner and credited towards the purchase price following confirmation of the sale. Subsequent taxes will be prorated from the auction date, and the highest bidder will be responsible for taxes from that date forward. 

The balance of the purchase price and recording costs for deed recordation shall be deposited by the highest bidder with the Special Commissioner within fifteen (15) days of confirmation of the sale by the Court.

Terms applicable to In-Person Bidders ONLY: The deposit and buyer’s premium are due on the day of the auction. All payments must be made in the form of personal check, cashier’s check or money order. No cash will be accepted.

Terms applicable to Online Bidders ONLY: All interested parties must register and be approved by the Auctioneer. Registration and bidding are free of charge and are done through the Auctioneer’s website. If any interested bidders are unable to attend for in-person bidding and wish to bid on property, but do not have access to the internet, please contact Matt Gallimore at (540) 239-2585 for assistance.

The highest bidder will receive their purchase contract and balance due via email following the close of the auction. The contract shall immediately be executed and returned to TACS. The deposit and buyer’s premium must be received in full within seven (7) days following the auction closing (no later than January 29, 2024). All payments must be made in the form of certified funds, cashier’s check, money order or wire transfer. Cash and personal checks will not be accepted. Checks and money orders shall be made payable to County of Floyd and forwarded to TACS, at the address shown below. Wire transfer instructions will be provided to the highest bidder upon request.

GENERAL TERMS: To qualify as a purchaser at this auction, you may not owe delinquent taxes to County of Floyd and you may not be a Defendant in any pending delinquent tax matter. Questions concerning the registration and bidding process should be directed to the Auctioneer, Matt Gallimore, online at blueridgelandandauction.com, by email to BlueRidgeLandandAuction@gmail.com or by phone to (540) 239-2585. Questions concerning the property subject to sale should be directed to TACS online at www.taxva.com, by email to rcranmer@taxva.com, by phone to (804) 293-8608, or by writing: Taxing Authority Consulting Services, PC, P.O. Box 31800, Henrico, Virginia 23294-1800.