12 Lots

CITY OF PETERSBURG TAX AUCTION - 10/22/24 - 10/29/24

This auction will be Online Only!

This auction will be open for bidding on Tuesday, October 22nd, 2024 @ 10:00 AM and will begin to close on Tuesday, October 29th, 2024 @ 11:00 AM.

This auction is subject to auto-extend bidding.

There is a 10% Buyer's Premium.

20% Deposit is required at the close of the auction. Balance is due within ten (10) days of the close of the auction.

Deposits/Payments will be made with Jason A. Dunn, PLC at 303 34th St. Unit 6,, Virginia Beach, VA 23451.

**Note - If you are still pending approval after 10/22/24 at 10:00 AM, please call our office at 757-538-0123.**

Terms & Conditions

ALL PROPERTIES ARE SOLD FREE AND CLEAR OF LEINS & ENCUMBRANCES

The successful high bidder on each property must sign the approved Memorandum of Sale immediately after the auction.  The terms of sale shall be cash, or alternatively, a down payment of no less than 20% of the successful bid price in cash or certified funds at time of sale, payable to Jason A. Dunn, PLC.The balance of the high bid price is due in full ten days after the auction, by cash or certified funds. The high bidder will also be responsible for all recording fees due and a 10% buyer’s premium. These sums will be added to the high bid price, as defined in the Memorandum of Sale, TIME BEING OF THE ESSENCE. 

All certified checks, cashier's checks or money orders shall be made out to the order of “Jason A. Dunn, PLC". Persons intending to acquire more than one parcel 

must tender separate checks for each parcel.

CLOSING

The Special Commissioner expressly reserves the right to reject any and all bids.

This sale is subject to confirmation by the Petersburg Circuit Court. Confirmation can take between 30 and 60 days from the Sale Date.

If the purchaser fails or refuses to tender the full purchase price to the Special Commissioner within 10 days of the Sale Date, the purchaser will be in breach of the agreement to buy the property. 

Upon the purchaser's breach, the Special Commissioner may treat the sale as canceled and apply the deposit to the costs of the sale, with the remaining balance delivered to the City to be applied against amounts owed for the taxes. The property may then be resold at the risk and expense of the defaulting purchaser. 

The Special Commissioner's retention of the deposit shall not limit any rights or remedies that exist against the defaulting purchaser.

The purchaser shall pay any closing costs, including the deed recordation fee, which will be calculated by the Special Commissioner and added to the balance owed by the purchaser. 

Real estate taxes owed on the property at the time of the sale will be pro­ rated as of the Sale Date and paid to the City of Petersburg out of the sale proceeds after the Court confirms the sale and directs the Special Commissioner to disburse the funds. 

The purchaser shall be responsible for paying any taxes owed after the Sale Date as they come due, as well as any maintenance of the outside of the Property.

If the Court does not confirm the sale, the Special Commissioner will refund all sums paid by the purchaser.

TITLE

Title to the Property will be conveyed by Special warranty deed after payment of the full purchase price, including the fee for recording the deed, the Court's confirmation of the sale and 

entry of a decree directing the Special Commissioner to disburse the sale proceeds.

The Property will be sold without representations or warranties of any kind (except for the Special warranty contained in the deed). 

The Property will be sold "as is," in gross and not by the acre, and subject to, as provided by law, without limitation, restrictions, conditions, easements, liens or encumbrances of record, possible rights of parties in possession, encroachments, overlaps, gaps and gores, deficiency in quantity, all questions of boundaries, location and acreage which a current and accurate survey would disclose, roadways, environmental and wetland matters, unrecorded easements, matters which would be disclosed by an inspection of the premises, or any other matter of record or not of record.

The Special Commissioner does not warrant or convey title to personal property that might be on the property or within any dwelling. 

Personal property includes, without limitation, such items as storage buildings, appliances, window treatments, furniture, automobiles, etc.

All parcels are bought at the purchaser's own risk. In short, these properties are sold "as is," "with all faults," and without any representation or any warranty of any kind, nature, or description.

TECHNICAL ISSUES

 Virginia Auction Company, Inc. 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 we, Virginia Auction Company, Inc. are not 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, retracted, or rescinded in whole or in part.

ACCEPTANCE

By registering to bid for this auction, you are confirming that you do not owe taxes and or other charges to the City of Petersburg; also should it be determined that you do owe taxes and or other charges to the City of Petersburg, your auction deposit will be seized by the City of Petersburg to cover the balance. Then if any funds remain, they will be held for a portion of your deposit for the auction. By bidding on any property in this auction, you agree to these terms and conditions set forth.