Online Only Cleveland, VA Bankruptcy Real Estate Auction

Date: 02/27/2017

Time: 12 NOON

Location: ONLINE BIDDING ONLY - 144 Sutherland Drive - Cleveland, VA 24225

Office: Knoxville

Agent: Kenny Phillips

144 Sutherland Drive
Cleveland, VA 24225

Monday, February 27th at 12 NOON


Sold by the order of the United States Bankruptcy Court for the Eastern District of Tennessee at Greeneville – Case #: 2:16-bk-50843-MPP

BIDDING STARTS: Saturday, February 25th

BIDDING ENDS: Monday, February 27th at 12 NOON

Basement Ranch Style Home

3 bedrooms & 1 bath

Central Heat & Air

 Corner Lot

Oak flooring

Unfinished basement

Updated vinyl windows

Wheelchair ramp

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 Approval.  The balance is to be paid in full at deed closing within 20 (TWENTY) days, after Court Approval. DAVID HUTTON, ATTY to conduct the closing. 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 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. Tennessee Residential Property Exemption and Lead-based paint inspection waiver will be a part of the sales contract. Lead-based paint inspection period begins February 13th, 2017.