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The sale is subject to post-sale confirmation that the borrower did not file for protection under the U.S. Bankruptcy Code prior to the sale, as well as to post-sale confirmation and audit of the status of the loan with the loan servicer including, but not limited to, determination of whether the borrower entered into any repayment agreement, reinstated or paid off the loan prior to the sale. In any such event, this sale shall be null and void, and the Purchaser's sole remedy, in law or equity, shall the return of his deposit without interest. All costs of conveyance, including examination of title, recording charges, etc. shall be borne by the purchaser with the exception of Grantor's tax. Purchaser assumes liability for payment of all taxes, ground rent, water rent, condominium fees and/or homeowner association dues, all public charges/assessments payable on an annual basis, including sanitary and/or metropolitan district charges, if applicable, from the date of sale. All risk of loss shall be on the successful bidder at the time such bid is accepted and the contract of sale executed. Neither the Substitute Trustee, nor any other party, guarantees or covenants to deliver or obtain possession of the premises for any purchaser.
The Substitute Trustee reserves the right to reject all bids, extend the time to receive bids, withdraw the property from sale, waive or modify the deposit requirement, and/or extend the period of time for settlement. Should the Substitute Trustee be unable, for any reason, in its sole discretion, to convey marketable title, the successful bidder's sole remedy in law or equity shall be the return of his deposit. Upon refund of the deposit, the sale shall be void and of no effect.
Written notice of this Substitute Trustee's sale, as required by Section 55-59.1 of the 1950 Code of Virginia, as amended, has been sent to the property owners as their addresses appear in the records of the noteholder, and to all parties prescribed therein.
Additional terms of sale will be announced at the sale.
EQUITY TRUSTEES, LLC 3977 Chain Bridge Rd., Suite 1 Fairfax. VA 22030 (703) 548-4600 ■ FOR INFORMATION CONTACT: Bierman, Geesing & Ward, LLC, attorneys for Equity Trustees, LLC 4520 East West Highway, Suite 200 Bethesda, MO 20814 (301) 961-6555
2/15/07, 2/22/07
1535090
85.3%