Single-Family Home located in Potomac Hills Subdivision of McLean, VA! 

This auction will be held on August 23rd on the Fairfax County Circuit Courthouse steps - 4110 Chain Bridge Rd, Fairfax, VA 22030. 

Property Overview:

• PARID #0311 09 0194
• Tax Assessed: $959,920
• Potomac Hills Subdivision 
• 0.27 Acres 
• Zoned R-3

Building Overview:

• Two-story brick split level 
• 1,851 SqFt
• Built in 1961
• 3 BR / 3 BA
• 2 fireplaces 
• 1 car garage 
• Central AC 
• Schools: 
  • Chesterbrook Elementary School
  • Longfellow Middle School
  • McLean High School

TERMS OF SALE:

A deposit in the amount of $50,000.00 shall be required of the purchaser at the time and place of sale. Deposits must be payable in cash, certified check, or other form acceptable to the Trustee. The deposit must be increased to ten percent (10%) of the amount of the successful bidder’s bid within five (5) business days after the sale and delivered to the office of the Trustee in the same form as the initial deposit. There will be a 5% buyer’s premium which shall be compensation for the auctioneer, Walker Commercial Services, Inc. (the “Auctioneer”).  The buyer’s premium will be payable by the purchaser in addition to the bid amount and any other charges that are the responsibility of the purchaser under the terms of sale. The balance of the purchase price shall be due in cash or by certified check with interest on the unpaid balance of the purchase price at the rate of five percent (5%) per annum from the date of sale to and including the date of settlement. In the event that the Holder, an affiliate, or servicer thereof, or an assignee of any of them, is the successful bidder at the sale, such party will not be required to make a deposit or to pay interest on the unpaid purchase money. The Property will be sold subject to a Deed of Trust dated February 26, 2013, securing the original principal amount of Five Hundred Four Thousand Dollars ($504,000.00) recorded among the Land Records as instrument number 2013009883.007 (the “Senior Trust”). The amount secured by the Senior Trust, if available to the Trustee, will be announced at the time and place of sale. Taxes, water rent, and all other municipal charges and liens owed against the Property shall be the responsibility of the purchaser and shall be paid by the purchaser at settlement. In addition, all other charges, expenses and liens owed against the Property including, but not limited to, all condominium fees, home owners association fees and expenses and public charges and assessments owed against the Property and payable on an annual basis, such as sanitary and/or metropolitan district charges, if any, shall also be the responsibility of the purchaser and shall be paid by the purchaser at settlement. The cost of all documentary stamps, recordation taxes, document preparation and transfer taxes are to be paid by the purchaser. The Trustee reserves the right to reject any and all bids, and to extend the time for settlement, if applicable. 

            The Property will be sold in an “AS IS” condition and without any warranties or representations, either express or implied, as to the nature, condition, or description of the improvements. In addition, the Property will also be sold subject to all existing housing, building, and zoning code violations, subject to all critical area and wetland violations, subject to all environmental problems and violations which may exist on or with respect to the Property, and subject to all matters and restrictions of record affecting the same, if any. The purchaser at the foreclosure sale shall assume the risk of loss for the above-referenced Property immediately after the sale takes place. It shall be the purchaser’s responsibility to obtain possession of the Property.

            The Property will be sold subject to all existing written leases with tenants, easements, conditions, liens, obligations of record, restrictions, rights of redemption, covenants, encumbrances, such state of facts that an accurate survey or physical inspection of the Property might disclose, and agreements of record affecting the same, if any, not otherwise extinguished by operation of law.

            The purchaser shall pay all state and local transfer taxes, recordation taxes and fees, title examination costs, attorneys’ fees, conveyance fees and all other incidental settlement costs. The purchaser shall settle and comply with the sale terms within thirty (30) days following the sale, unless said period is extended by the Trustee for good cause shown. Time is of the essence. Settlement shall be held at the offices of Rosenberg Martin Greenberg, LLP, 25 S. Charles Street, Suite 2115, Baltimore, Maryland 21201, or such other location agreed to by the Trustee.

            In the event the purchaser fails to go to settlement as required, in addition to any other legal or equitable remedies available to them, the Trustee may declare the aforementioned deposit forfeited and resell the Property at the purchaser’s risk and expense. In such an event, the defaulting purchaser shall be liable for the payment of any deficiency in the purchase price, all costs and expenses of both sales, reasonable attorneys’ fees, all other charges due, and incidental damages. In the event a resale of the Property results in a sale in excess of the amount originally bid by the defaulting purchaser, the defaulting purchaser waives any and all claims, rights and interest to any such excess amount and shall not be entitled to any distribution whatsoever from the resale proceeds. The parties’ respective rights and obligations regarding the terms of sale and the conduct of the sale shall be governed by and interpreted according to the laws of the Commonwealth of Virginia.

            If the Trustee is unable to convey the Property as described above, the purchaser’s sole remedy at law or in equity shall be limited to the refund of the aforementioned deposit, without interest thereon. Upon refund of the deposit to the purchaser, the sale shall be void and of no effect, and the purchaser shall have no further claim against the Trustee or the Holder.

            The information contained herein was obtained from sources deemed to be reliable but is offered for informational purposes only. The Trustee may, by announcement at the sale, modify any of the terms hereof. Neither the Holder nor the Trustee make any representations or warranties with respect to the accuracy of this information. Further terms and conditions regarding the conduct of the auction itself may be found at the website of the Auctioneer at www.walkercommercialservices.com. For further information, call Joshua D. Bradley, Esq. at (410) 727-6671, counsel for the Holder.

REO Solutions, L.L.C., Trustee