NOTICE OF SALE OF
IN THE GENERAL
COURT OF JUSTICE
SUPERIOR COURT DIVISION
UNDER AND BY VIRTUE of the power and authority contained in that certain Order and Judgment issued by the Superior Court Judge, filed on June 26, 2013, in the above-captioned matter and pursuant to applicable law, the undersigned Substitute Trustee will place for sale, at public auction, to the highest bidder for cash at the usual place of sale at the Wake County Courthouse, Raleigh, North Carolina, at 10:00 o’clock_AM on Thursday, the 19th of September, 2013, that certain parcel of land, including improvements thereon, situated, lying and being in the County of Wake, State of North Carolina, and being more particularly described as follows:
BEING all of Lot 16, Phase I, of Sedgefield Subdivision, as same is shown on map thereof recorded in Map Book 2001 page 231, Wake County Public Registry, reference to which is hereby made for a more particular description, and more commonly known as 420 Moultonboro Avenue, Wake Forest, NC 27587.
Address of property: 420 Moultonboro Avenue, Wake Forest, NC 27857
Parcel ID No.: 1851172185
Present Record Owner: Robert W. Nipper and Amy J. Nipper
The terms of the sale are that the real property hereinbefore described will be sold for cash to the highest bidder. The Substitute Trustee reserves the right to require a cash deposit or a certified check not to exceed the greater of five percent (5%) of the amount of the bid or Seven Hundred Fifty Dollars ($750.00). In the event that the Owner and Holder is exempt from paying the same, the successful bidder may also be required to pay revenue stamps on the Substitute Trustee’s Deed, any Land Transfer Tax, and the tax required by N.C.G.S. Section 7A-308 (a) (1).
The real property hereinabove described is being offered for sale “AS IS, WHERE IS” and will be sold subject to all superior liens, unpaid taxes, and special assessments. Other conditions will be announced at the sale. The sale will be held open for ten (10) days for upset bids as by law required.
If the Substitute Trustee is unable to convey title to this property for any reason, the sole remedy of the purchaser is the return of the deposit. Reasons of such inability to convey include, but are not limited to, the filing of a bankruptcy petition prior to the sale and reinstatement of the loan without the knowledge of the Substitute Trustee. If the validity of the sale is challenged by any party, the Substitute Trustee, in his sole discretion, if he believes the challenge to have merit, may declare the sale to be void and return the deposit. The purchaser will have no further remedy.
This the 5th day of September, 2013.
Tamara R. Cornish
Cornish Law, PLLC
19453-E West Catawba Ave.
Cornelius, NC 28031
The Wake Forest Weekly
September 5, 12, 2013
- Real Estate
- Special Publications