Date: 09/25/2017

Time: 12:00PM

Location: Online Bidding Only

Online Only Bankruptcy Real Estate Auction

BIDDING BEGINS: Monday, September 18^th at 9:00AM
BIDDING ENDS: Monday, September 25^th at 12:00PM

3 Properties to be Sold

Located in Cocke County, TN – Wise County, VA – Dickenson County, VA

Warren Street – Newport, TN 37821

Sold by the order of the United States Bankruptcy Court for the Eastern District of Tennessee at Greeneville – Case # 2:17-bk-50287-MPP

Cocke County, TN

Lynnwood Park Subdivision – Lot 39

Lot Size: 1.14 acres

Tax Appraisal: $22,400.00

Total Taxes: $144.88

Parcel/Tax ID: 065i b 028.00

Located across the street from Big Pigeon Church

230 Railroad Avenue – Big Stone Gap, VA

Sold by the order of the United States Bankruptcy Court for the Eastern District of Tennessee at Greeneville – Case # 2:17-bk-51888-MPP

Wise County, VA

3 Bedrooms & 1 Bathroom

Approx. 1124 SF

In need of repairs

Tax Appraisal: $36,800.00

Parcel/Tax ID: R000696

283 Cranberry Drive – Clinchco, VA 24226

Sold by the order of the United States Bankruptcy Court for the Eastern District of Tennessee at Greeneville – Case # 2:17-bk-50045-MPP

Dickenson County, VA

Approx. 36.60 acres

Tax Appraisal: $40,800.00

Parcel/Tax ID: 175C-792A, 175C-792B and 175C-792C

Tax Account #: 1826986-1

Map ID: 19654

BANKRUPTCY REAL ESTATE 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. 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. Buyer is responsible for any and all liens.  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. Buyer to verify ALL information to their satisfaction prior to bidding.

ONLINE REAL ESTATE TERMS: Thank you for participating in a Powell Auction & Realty, LLC Online Auction. It is important that you familiarize yourself with the Terms and Conditions of the Sale. If you do not agree with any of the terms and conditions stated, PLEASE DO NOT BID or you will be bound by those Terms and Conditions. Good luck and good bidding. Auctioneer/Employees without notice may withdraw, extend or rearrange any property, and or item at their sole discretion at any time and will not be liable for any computer, internet or website malfunctions. If bids are placed within the last minute, bidding will automatically extend to prevent bid sniping.Payment must be made within 24 Hours after being contacted by Powell Auction & Realty, LLC. Powell Auction & Realty, LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed after the auction has ended. 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 information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding.

 TNFL735