Bankruptcy Laurel Bloomery Tn

Date: 06/28/2019

Time: 12 NOON


Office: Knoxville

Agent: Kenny Phillips

Bankruptcy Auction


Online only Bidding

Opens June 14  Closing June 28 12 Noon

 35 Acres Bishop Road  Laurel Bloomery Tennessee

Only 4 Miles from Damascus Virginia

 By Order of the United States Bankruptcy Court for the middle district of North Carolina  Case number 18-10838

Visit Damascus

Damascus is known best as Trail Town USA, where seven nationally known trails intersect within our borders, but we are so much more! We are a place of stunning natural beauty, where the hills and peaks of the Appalachian Mountains and the murmuring or our creeks inspire you, whether your calling is outdoor adventure, or simply living in an authentic small town.

We cherish the lifestyle that this affords us.

…. it’s the sounds of families enjoying the Virginia Creeper Trail.

…. it’s the creativity found in our downtown artisans.

…. it’s the intermingling of cultures as the hikers signal the Spring-time with their arrival on the Appalachian Trail.

…. it’s the taste of the signature beer at our local microbrewery.

…. it’s the inspiration of the Mount Rogers National Recreation Area in our back yard.

…. it’s the conversations, the sharing of stories and shaping of memories, and the smiles of a welcoming community.

The Damascus lifestyle is adventurous and creative, yet laid-back and well-paced. It’s a place where you can be super-active, or where you can reconnect with nature, rejuvenate, and find your inner peace. Most importantly, it’s a place where you can find your own path.

We cherish this lifestyle, and know you will too.

Property Borders Cherokee National Forest

Tax Map 10 Parcel 006.00  Property Taxes 180.40 yearly
BANKRUPTCY REAL ESTATE TERMS: The successful high bidder on this property will be required to sign the Real Estate Purchase Agreement immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the total sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. Bankruptcy Sale is Subject to Court / Trustee Approval. The balance is to be paid in full at deed closing within 20 (TWENTY) days, after Court / Trustee Approval. Property to be transferred with a Trustees Deed ONLY. Seller will provide Trustees Deed ONLY. Title Opinion, Title Insurance, Document Recording & ALL CLOSING COST will be the Responsibility of the Buyer. Buyer is Responsible for ALL Property Taxes (ONLY) Current, Delinquent, fees & any penalties.   No Extensions. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS” with no financing, inspection or other contingencies to sale. Auctioneer represents the seller only and does not inspect properties on Bidder’s behalf. All Measurements are from tax records and are approximate and not guaranteed. Buyer to verify ALL information to their satisfaction prior to bidding.
ONLINE Auction Terms: Thank you for participating in this Powell Auction & Realty LLC Online Auction. It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid sniping. Powell Auction & Realty LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed, after the auction has ended. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed or implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding.