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The Buying & Selling Marketplace
* 804-232-3300

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Online Only Auction Starts: Wednesday, Jan 19 @ 12:00PM (Start) Auction Ends:
Thursday, Jan 20 @ 6:30PM (End) For more information contact Ernie Rogers at
804.334.4558
* Wednesday, Jan 19 @ 12:00PM EST (Start)
* Thursday, Jan 20 @ 6:30PM EST (End)
* Add to Calendar

DetailsDocumentsTerms

Property 1: Single Family Home located at 420 Chalybeate Ave, Iron Gate, VA24448

Property 2: Single Family Home located at 329 Roxbury St, Clifton Forge, VA
24422

Property 3: Apartment Building and Single Family Home located at 4825 Nicelytown
Rd, Clifton Forge, VA 24422

Property 4: Single Family Home Located at 224 Alleghany St, Clifton Forge, VA
24422

Property 5: Single Family Home Located at 643 Jefferson Ave, Clifton Forge, VA
24422

Property 6: Residentially Zoned Lot Located at 4101 Forty Two Rd, Clifton Forge,
VA 24422

DETAILS

Property 1: Single Family Home located at 420 Chalybeate Ave, Iron Gate, VA24448

Property 2: Single Family Home located at 329 Roxbury St, Clifton Forge, VA
24422

Property 3: Apartment Building and Single Family Home located at 4825 Nicelytown
Rd, Clifton Forge, VA 24422

Property 4: Single Family Home Located at 224 Alleghany St, Clifton Forge, VA
24422

Property 5: Single Family Home Located at 643 Jefferson Ave, Clifton Forge, VA
24422

Property 6: Residentially Zoned Lot Located at 4101 Forty Two Rd, Clifton Forge,
VA 24422

BID PACKAGE 1.19.21

FLYER FOR CLIFTON FORGE

BID PACKAGE 1.19.21

FLYER FOR CLIFTON FORGE

BID PACKAGE 1.19

FLYER FOR CLIFTON FORGE

BID PACKAGE 1.19

FLYER FOR CLIFTON FORGE

BID PACKAGE 1.19

FLYER FOR CLIFTON FORGE

3600 Deepwater Terminal Road

Richmond, VA 23234 804-486-4555 VAAF 16

Terms and Conditions

Thank you for your interest in the sale of this property. If you should have
any questions or need additional information, please contact Ernie Rogers at
804-334-4558.

Terms: All bidders must register to bid online by registering
at Motleys.com. Bidders may execute bids either at Motleys.com or by downloading
the Motleys App at either the Apple App Store or at Google Play. Bidding will
open approximately (3) hours prior to the end of the sale. A TEN PERCENT (10%)
buyer's premium (THE MINIMUM BUYER’S PREMIUM IS $2,500 for properties selling
for less than $25,000) will be added to the final bid and will become a part of
the purchase price. As an example, if you bid $100,000 for a property the
contract sale price will be $110,000. The property is sold in “AS-IS” condition,
and is not contingent upon buyer's financing, condition of property, appraisal,
inspection, etc. Buyers shall rely on their own information, judgment, and
inspection of the property. Title will convey via Marketable Deed from all
owners of record and free and clear of all liens. The property taxes will be
prorated to the date of closing. The closing will take place within 60 days of
the sale unless specified otherwise or as soon thereafter as necessary to
correct any defects in title. Time is of the essence with respect to all
closings. If you are NOT prepared to make the required Earnest Money Deposit,
execute the required documents, and close within the timeframe stated, please do
not bid. Day of sale announcements take precedence over any previously printed
material, or any other oral statements made. The sale is subject to owner
confirmation.

Bidder Verification: The identity of all bidders will be and must be verified.
Bidding rights are provisional, and if complete verification is not possible,
Motleys may reject the registration, and bidding activity may be terminated. You
will need a verifiable address, a verifiable phone number, and a verifiable
email address. Contact the sale coordinator Ernie Rogers (804) 334-4558
immediately after registering to provide verifiable information needed for you
to be approved to bid.

Earnest Money Deposit: At the close of the sale, and seller confirmation, the
successful bidder will be emailed or given the contract package to execute and
return to Motleys. The winning bidder will be required to submit an earnest
money deposit totaling $5,000.00 by 5:00 PM the day after the sale. The deposit
must be in the form of a wire transfer, cash, cashier's check, or certified
check (from a US bank), made payable to Motleys Asset Disposition Group. In
certain cases, the remaining balance of the 10% buyer’s premium is due within
three business days of the sale if it is not fulfilled with the
initial $5,000.00 deposit. The entirety of the remaining balance is due at
closing. Purchaser shall be responsible for all wire transfer fees or cashier’s
check fees. If the successful bidder does not execute and return the contract
with earnest money deposit by 5 PM the day after the sale, the Buyer will be
considered in default and subject to legal action. This is a legally binding
contract.

*Please bring a check/checkbook to the sale event. All winning bidders will be
requested to pay an initial $1,000 deposit to Motleys Asset Disposition Group.*

Administrative Fee: In the event a winning bidder fails to submit the signed
contract and the initial earnest money deposit of $5,000 as provided in the
pre-stipulated Terms and Conditions, the winning bidder will be charged an
administrative fee of $10,000.00 on the credit card provided at registration.
Additional default remedies are reserved by Motleys Auctions, Inc./Motleys Asset
Disposition Group and the Seller as provided in the Terms & Conditions and the
Contract for Purchase. All administrative fees are nonrefundable.

Due Diligence: Any reliance on the content of information provided shall be
solely at the recipient’s risk. All information is believed to be correct but is
not guaranteed. Bidders must conduct and rely solely upon their own
investigations and inspections. The property is being sold “AS-IS” with all
faults.

Default: If the closing does not occur for any reason whatsoever, other than
solely due to the fault of the Seller, Seller shall retain the earnest money
deposit as a measure of liquidated damages. This provision shall in no way
affect the right of Seller and Motleys Auctions, Inc./Motleys Asset Disposition
Group to rely upon and to exercise any other legal remedies or recourse
available to them, including without limitation seeking specific performance or
monetary damages, in the event the closing contemplated herein does not occur
due to default by Purchaser. Purchaser further agrees to pay all attorney fees,
court costs and other costs of collection/enforcement incurred by Motleys and
Seller due to a default by Purchaser. The sale is subject to cancellation,
additions, deletions, pre-sale, or postponement.

Broker Co-op: Motleys will pay up to a TWO PERCENT (2%) Broker Participation
Fee (based on highest offer and not including applicable buyer’s premium) to the
broker representing the winning participant on the real property. All broker
participation forms must be submitted to Motleys 24-hours prior to the sale.

Closing: TIME IS OF THE ESSENCE WITH RESPECT TO ALL CLOSINGS!

The successful buyer must sign all documents and contracts in the time
referenced in the contract and will be required to make an appointment with the
closing agent to pay the balance of the purchase price and receive the deed to
the property. All closings must occur within 60 days, unless otherwise specified
in the Purchase Agreement. Buyer acknowledges and agrees that time is of the
essence. Said premises are to be conveyed by Marketable Deed from all owners of
record and free and clear of all liens. If you are the successful participant,
you will be required to sign a purchase and sale agreement or similar agreement
or document and other necessary documents in the form established by Motleys.
The terms of the Purchase Contract are expressly non-negotiable, and the
Purchase Contract must be signed in the name of the successful participant and,
except as may specifically be permitted by the terms of the Purchase Contract or
expressly agreed upon in writing by the Seller or Motleys in their sole
discretion, may not be assigned to any other person or party. The Purchase
Contract and such other documents will set forth the specific terms and
conditions of the sale, including the time by which the successful participant’s
purchase of the property must be completed.

Copies of some or all these documents are available on Motleys website or may be
obtained from Motleys, and it is your responsibility to obtain, read, and
understand the provisions of any such documents before making offers at this
sale.

Closing Costs: The deed shall be prepared and acknowledged by Seller at the
Seller’s expense and recorded at the expense of the Buyer. The buyer shall pay
all title searches, title insurance charges, survey expenses, usual conveyance
expenses, and recordation taxes, including the Grantor’s and Grantee’s Tax. Real
estate taxes, rents, water, and sewer charges, if any, will be prorated as of
the date of closing. Successful purchasers must pay all wire transfer fees. Sale
of the property is not contingent upon the buyer obtaining financing.

Offers: All Offers are open to the public without regard to race, color, sex,
religion, or national origin. As used in these conditions of sale, the term “the
final offer” means the highest offer acknowledged by the party conducting the
sale, and the term “purchase price” means the sum of the final offer. The
highest offering acknowledged by the party conducting the sale at the end of the
sale shall be the buyer of that real property. The party conducting the sale has
the right to reject any offer or raise any offer which is not commensurate with
the value of the property being offered. The party conducting the sale may
advance the offering at his absolute discretion and, in the event of any dispute
between registered participants, may determine the successful participant or
re-offer and resell the property in dispute. Should there be any dispute after
the sale, the record of final sale shall be conclusive.

Offer Intervals: To be determined by the party conducting the Sale.

Extended Offering Time - Online Participation, When Available: Notwithstanding
the scheduled closing time for this sale, if an offer is made at any time during
the final five (5) minutes of the scheduled offering time, the offering time
will automatically be extended. Subsequent and additional extensions shall be
applied to all offers placed during any such extension period until an extension
period has expired without additional offers being placed, at which time the
offering time, as extended, shall be closed.

Offer Execution: Offers which are submitted to Motleys in writing or otherwise
left with Motleys prior to a sale (Order Offerings) for execution at or below a
specified price shall be entertained and executed by Motleys for the convenience
of participants. Motleys shall not be responsible for failing to execute such
offers or for errors relating to the execution of such offers.

Conditions of Default: If successful participant defaults in making settlement,
the deposit paid by that defaulting successful participant shall be forfeited,
and the property purchased by such defaulting successful participant may either
be resold at the risk and expense of such party or Seller may accept the next
highest available offer at the sale. Such defaulting successful participant
shall be liable personally for any deficiency resulting from the resale of the
property it purchased at a lower price as well as for all costs, expenses, and
attorneys’ fees in connection with such resale. The forfeiture of such deposit
shall not limit any rights or remedies of Seller with respect to any such
default.

Controlling Law: The respective rights and obligations of the parties with
respect to the Conditions of Sale and the conduct of the sale shall be governed
and interpreted by the laws of the Commonwealth of Virginia. By making an offer
at the sale, whether present in person or by agent, written offer, telephone,
online or other means, the participant shall be deemed to have consented to the
jurisdiction of the state and federal courts of the Commonwealth of Virginia.

Inspection: All property is being sold “WHERE-IS, AS-IS,” “WITH ALL FAULTS,”
with no representations or warranties of any sort except the general warranty to
be included in the deed to the real property. Descriptions are provided as a
service to customers only and do not constitute a warranty, either expressed or
implied. Motleys denies all responsibility for physical condition. All buyers
are responsible for prior inspection of properties on which they make an offer,
and by making an offer(s) are deemed to have so inspected the property to their
satisfaction. Placing an offer, whether in person, or by agent, or other means,
constitutes an agreement by participant to these conditions of sale. Motleys and
their agents and subagents assume no liability for errors or omissions in this
or any other property listing or advertising or promotional/publicity statements
and materials. Although information has been obtained from sources deemed
reliable, Motleys makes no guarantee as to the accuracy of the information
herein contained or in any other property listing or advertising or
promotional/publicity statements and materials.

Release: The successful participant must agree to release any and all claims or
causes of action it may have against beneficiary and Motleys (or the employees
or agents of either of them) relating in any way to (a) the sale, (b) the
property offered for sale, (c) any condition or aspect of such property that may
not be in compliance with any federal, state, or local law, regulation, or
ruling including, without limitation, any laws, regulations, and rulings
relating to environmental contamination or hazardous waste, and/or (d) any
documents, reports, complications, financial statements, projections, surveys,
or any other documents delivered to such successful participant by Motleys,
and/or the beneficiary, or the agents or employees of either of them
(collectively, the “Accommodation Documents”). The successful participant must
acknowledge and agree that the beneficiary, Motleys, and the agents or employees
of any of them have not made and do not make and have disclaimed any and all
representations or warranties regarding the truth, accuracy, or completeness of
any of the documents provided the successful participant relating to the
property purchased or the sources thereof and that such documents were provided
solely as an accommodation to such successful participant.

Agency Disclosure: In all transactions, Motleys is acting as an agent for the
Seller, not as a Buyer’s Agent. Motleys reserves the right to remove or cancel
the bids and or bidding rights and privileges of any party, deemed not to be in
the best interest of the Seller, at any time. Motleys reserves the right to bid
on behalf of the Seller.

Governmental Authorizations: The successful participant for the real property
will be responsible for obtaining, at its expense, the approval for any license,
privilege, permit, or right necessary to improve, renovate, and/or develop the
real property, or to construct, improve, and/or alter any improvements on the
real property, and such successful participant will be responsible for the
fulfillment of any conditions imposed or required for such approvals. The sale
will be final whether any such approvals are obtained of any necessary or
desirable licenses, permits, privileges, or rights.

Megan’s Law Disclosure: Interested parties should exercise whatever due
diligence they deem necessary with respect to information on registered sexual
offenders who might live near a property being offered for sale. Such
information may be obtained by contacting your local police department or the
Department of State Police.

Online Offers: Motleys is not responsible for failing to execute offers due to
participants’ technological difficulties.

Technical Issues: Neither the company providing the software, nor Motleys shall
be held responsible for a missed bid or the failure of the software to function
properly for any reason. In the unfortunate event of a Distributed Denial of
Service [DDOS] attack or server attack/shut down, Motleys reserves the right,
but is not required, to extend bidding time. To minimize the chance of being
affected by internet or software issues, please use the “Max Bid” feature.
Please contact Tim Shelton/Bid Wrangler @ 844-296-8727 if you need assistance
with the online bidding platform.

By bidding at this sale, the Buyer hereby acknowledges receipt of and agrees to
all these Terms and Conditions. I hereby acknowledge receipt and agree to these
terms:

Signature______________________________________________ Date___________________

TERMS

3600 Deepwater Terminal Road

Richmond, VA 23234 804-486-4555 VAAF 16

Terms and Conditions

Thank you for your interest in the sale of this property. If you should have
any questions or need additional information, please contact Ernie Rogers at
804-334-4558.

*Please bring a check/checkbook to the sale event. All winning bidders will be
requested to pay an initial $1,000 deposit to Motleys Asset Disposition Group.*

Closing: TIME IS OF THE ESSENCE WITH RESPECT TO ALL CLOSINGS!

Offer Intervals: To be determined by the party conducting the Sale.

Online Offers: Motleys is not responsible for failing to execute offers due to
participants’ technological difficulties.

By bidding at this sale, the Buyer hereby acknowledges receipt of and agrees to
all these Terms and Conditions. I hereby acknowledge receipt and agree to these
terms:

Signature______________________________________________ Date___________________

Established in 1967, Motleys has transformed from an auction company into an
Asset Disposition Group servicing the Mid-Atlantic region. Motleys offers an
array of sales, appraisal and acquisition services for a variety of assets.

--------------------------------------------------------------------------------

Motleys is proud to support:

Motleys Asset Disposition Group
Corporate Headquarters
3600 Deepwater Terminal Rd.
Richmond, VA 23234
ph: (804) 232-3300
fax: (804) 232-3301
info@motleys.com

--------------------------------------------------------------------------------

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