NOTICE OF FORECLOSURE SALE

19 SP 55

NORTH CAROLINA, WILKES COUNTY

Under and by virtue of a Power of Sale contained in that certain Deed of Trust executed by Billy Howard Ferguson a/k/a Billy H. Ferguson and Patsy D. Ferguson to Ronald S. Shoemaker, Trustee(s), which was dated December 13, 1996 and recorded on December 18, 1996 in Book 0769 at Page 0043, Wilkes County Registry, North Carolina.

Default having been made of the note thereby secured by the said Deed of Trust and the undersigned, Trustee Services of Carolina, LLC, having been substituted as Trustee in said Deed of Trust, and the holder of the note evidencing said default having directed that the Deed of Trust be foreclosed, the undersigned Substitute Trustee will offer for sale at the courthouse door of the county courthouse where the property is located, or the usual and customary location at the county courthouse for conducting the sale on October 10, 2019 at 10:00 a.m., and will sell to the highest bidder for cash the following described property situated in Wilkes County, North Carolina, to wit:

BEGINNING on a white oak and running North 84° West 286 feet to an iron stake in Arvil Johnson’s line; then South 2° West with Arvil Johnson’s line 200 feet to an iron stake; then South 66° East 145 feet to a white pine; then South 19° East 187 feet to a maple; then North 88° East 220 feet to the center of Pumpkin Creek public road; then North 11° West with center of Pumpkin Creek Road 190 feet; then North 4° East with Pumpkin Creek Road 100 feet; then North 34° East 60 feet and 7 inches to the center of Pumpkin Creek Road; then North 65° West 132 feet and 9 inches to a white oak, the beginning corner, containing 2.3 acres, more or less.

See Book 530, Page 258 of the Wilkes County Registry.

Save and except any releases, deeds of release or prior conveyances of record.

Said property is commonly known as 228 Pumpkin Creek Road, Boomer, N.C. 28606.

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.  Following the expiration of the statutory upset bid period, all the remaining amounts are immediately due and owing. THIRD PARTY PURCHASERS MUST PAY THE EXCISE TAX AND THE RECORDING COSTS FOR THEIR DEED.

Said property to be offered pursuant to this Notice of Sale is being offered for sale, transfer and conveyance “AS IS WHERE IS.”  There are no representations 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. This sale is made subject to all prior liens, unpaid taxes, any unpaid land transfer taxes, special assessments, easements, rights of way, deeds of release, and any other encumbrances or exceptions of record. To the best of the knowledge and belief of the undersigned, the current owner(s) of the property is/are All Lawful Heirs of Billie Ferguson.

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 by providing written notice of termination to the landlord, to be effective on a date stated in the notice that is at least 10 days, but no more than 90 days, after the sale date contained in the notice of sale, provided that the mortgagor has not cured the default at the time the tenant provides the notice of termination [NCGS § 45-21.16A(b)(2)]. 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.

If the 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 confirmation of the sale and reinstatement of the loan without the knowledge of the trustee. If the validity of the sale is challenged by any party, the trustee, in their sole discretion, if they believe the challenge to have merit, may request the court to declare the sale to be void and return the deposit.  The purchaser will have no further remedy.

Trustee Services of

Carolina, LLC

Substitute Trustee

Brock & Scott, PLLC

Attorneys for Trustee Services of Carolina, LLC

5431 Oleander Drive

Suite 200

Wilmington, N.C. 28403

PHONE: (910) 392-4988

FAX: (910) 392-8587

File No.: 19-00642-FC01

10-1-2t(T)

Recommended for you