NOTICE OF FORECLOSURE SALE
CASE No. 15 SP 2001
Under and by virtue of the power of sale contained in a certain Deed of Trust executed by Angela Ausburn (PRESENT RECORD OWNERS: Angela Ausburn), to Thurman E. Burnette, Trustee, dated February 17, 1995 and recorded in Book 6441, Page 132, Wake County Registry, North Carolina; default having been made in the payment of the Note thereby secured by the said Deed of Trust and the undersigned, Richard R. Foust, Esq., having been substituted as Trustee in said Deed of Trust by an instrument duly recorded in the office of the Register of Deeds of Wake County, North Carolina, and the holder of the Note evidencing said indebtedness having directed that the Deed of Trust be foreclosed, the undersigned Substitute Trustee will offer for sale at the Wake County Courthouse, in the city of Raleigh, North Carolina at 12:30 PM on Tuesday, October 27, 2015, and will sell to the highest bidder for cash the following real estate situated in the County of Wake, North Carolina, and being more particularly described as follows:
BEING ALL OF LOT 39 OF HOLLY LAKES SUBDIVISION, AS SHOWN ON MAP OF SAME DULY RECORDED IN BOOK OF MAPS 1994, PAGE 821, WAKE COUNTY REGISTRY.
COMMONLY KNOWN AS 426 FOWLKES STREET, WENDELL, NC 27591
Should the property be purchased by a third party, that person must pay the tax of Forty-Five cents ($0.45) per One Hundred Dollars ($100.00) required by NCGS 7A-308 (a)(1).
The property to be offered pursuant to this notice of sale is being offered for sale, transfer, and conveyance “AS IS, WHERE IS”. Neither the Trustee nor the holder of the Note secured by the Deed of Trust/security agreement, or both, being foreclosed, nor the officers, directors, attorneys, employees, agents or authorized representatives of either the Trustee or the holder of the Note make any representation of warranty relating to the title or any physical, environmental, health or safety conditions existing in, on, at or relating to the property being offered for sale, and any and all responsibilities or liabilities arising out of or in any way relating to any such condition expressly are disclaimed. Also, this property is being sold subject to all taxes, special assessments, and prior liens or encumbrances of record any recorded releases.
That an order for possession of the property may be issued pursuant to G.S. 45-21.29 in favor of the purchaser and against the party or parties in possession by the clerk of superior court of the county in which the property is sold.
Any person who occupies the property pursuant to a rental agreement entered into or renewed on or after October 1, 2007, may, after receiving the notice of sale, terminate the rental agreement upon 10 days’ written notice to the landlord. Upon termination of a rental agreement, the tenant is liable for rent due under the rental agreement prorated to the effective date of the termination.
A cash deposit (no personal checks) of five percent (5%) of the purchase price, or seven hundred fifty dollars ($750.00), whichever is greater, will be required at the time of the sale.
This the 13th day of July, 2015.
Richard R. Foust
The Wake Forest Weekly
Oct. 15, 22, 2015
- State News Today