Judicial Sale of Real Property "Tax Sale"
Terms of Sale:
All parcels are subject to redemption or prior sale and may be withdrawn from sale for those or other reasons satisfactory to the Special Commissioner. The terms of sale are cash, bank check or certified funds--no personal or business checks will be accepted. An earnest money deposit is required at the time of sale of not less than 25% of the sales price or $500 for unimproved lots and $1,000 for improved lots with structures, whichever is greater. The balance is due in cash within 10 days. Such certified funds or bank checks should be made payable to: "Sands Anderson PC." A bidder's premium of 5% will be added to the successful bid to determine the sale price. Bidders may request a refund of excess earnest money deposits paid on the date of the sale. Taxes will be paid through the date of sale; purchasers are responsible for taxes thereafter. Purchasers assume the risk of loss from the time the bid is accepted by the Special Commissioner. Each sale is subject to confirmation by the Court. The Special Commissioner will record the deed for each parcel promptly after the date of court confirmation and payment of remaining purchase price. All announcements on the date of sale take precedence over these Terms of Sale.
Prospective purchasers are urged to examine the title, location, condition, and desirability of the properties available to their own satisfaction prior to the sale. All properties are sold AS IS, WHERE IS. Bidders should perform such independent investigation and/or inspection with respect to the property as they deem necessary or appropriate. Title reports are available for review in court files. Inspection of properties is done at buyer's risk. The City of Roanoke makes no guarantee, expressed or implied, relative to title, location or condition of the properties for sale. ALL SALES ARE FINAL. The City of Roanoke and the Special Commissioner specifically disclaim any warranty, express or implied, including but not limited to the warranty of merchantability, the warranty of fitness for a particular purpose, and the warranties contained in Va. Code Ann. § 55-70.1 (1950, as amended). The Special Commissioner and the City of Roanoke makes no representation as to any environmental conditions on or at the property. Possession of the properties will be delivered upon confirmation of the sale by the court and payment of the remaining purchase price, but purchasers will be responsible for obtaining lawful possession of any properties in the lawful possession of third parties.
The Property is sold in gross and not by the acre and is sold free of all claims of any creditor, person, or entity, including those claims of beneficiaries under any deed of trust or mortgage, as provided by Va. Code Ann. § 58.1-3967 (1950, as amended), but subject to all objections, rights, reservations, leases, covenants, conditions, restrictions, easements, encroachments, overlaps, overhangs, deficiency in quantity, all questions of boundaries, location and acreage which a current and accurate survey would disclose, roadways, unrecorded easements, and any other matter, recorded or unrecorded, as may lawfully affect the property or which would be disclosed by an inspection and accurate survey of the premises. No warranty is made as to the insurability of title.
Bidder Qualification Program All bids will be reviewed by City Departments and final approval is subject to both city review regarding Bidder Qualification and court review. The City of Roanoke encourages all bidders to ensure that any properties they own or have ownership interest in, prior to the sale, have all outstanding taxes and fees paid in full and any code violations (zoning, building, etc.) remedied. Any prospective bidder with weed abatement or demolition abatements, inoperable vehicle violations; vacant, derelict or board up house violations, court citing violations, other code violations, and delinquent taxes, will be excluded from being the successful bidder on tax delinquent properties. Bidder information listed on the Tax Sale Bidder Qualification Form will be checked after the sale and if it is found after the sale that the successful bidder has code violations or delinquent taxes, then the sale will be offered to the next highest bidder. Successful bidders must list all property that they own or have an ownership interest in for purposes of determining if there are any delinquent taxes or code violations by completing the Bidder Qualification Form in its entirety.
Successful bidders or successful purchasers must complete the Bidder Qualification Forms in its entirety. Use of this form requires the free .
Successful purchasers will receive a Quitclaim Deed issued by the Special Commissioner upon the approval of the court. All recordation costs and grantor's tax are at the expense of the Purchaser and must be paid in the settlement price. Persons intending to acquire more than one parcel should be prepared to tender separate checks for each purchase.
These terms are subject to change and any changes will be posted on this website to the extent practicable. The Special Commissioner may announce additional terms and conditions at the sale. The Special Commissioner may modify or waive the terms of the sale for one party, but not for another, at the reasonable discretion of the Special Commissioner. All properties are subject to being withdrawn from the sale at the discretion of the Special Commissioner.
The term "cash" as used in the terms of the sale refers to cash or its equivalent payable in U.S. Dollars, including: cash; wired funds (credited to the Trustee's trust account prior to the banking day on which such funds are due); certified check; checks issued by the Commonwealth of Virginia or a political subdivision of the Commonwealth of Virginia; cashier's check, or teller's check with equivalent funds availability in conformity with the federal Expedited Funds Availability Act, 12 U.S.C. § 4001, et seq.; checks issued by a financial institution, the accounts of which are insured by an agency of the federal or state government, which checks are drawn on a financial institution located within the Fifth Federal Reserve District, the accounts of which are insured by an agency of the federal or state government; drafts issued by a state chartered or federally chartered credit union, which drafts are drawn on the United States Central Credit Union; checks issued by an insurance company licensed and regulated by the State Corporation Commission, which checks are drawn on a financial institution located within the Fifth Federal Reserve District, the accounts of which are insured by an agency of the federal government; or checks issued by a state or federal savings and loan association or savings bank operating in the Commonwealth, which checks are drawn on the Federal Home Loan Bank of Atlanta.
Lead Paint: Structure(s) was/were built prior to 1978 may contain lead paint. Inspection may be performed at bidder's option prior to sale day. Prior to signing the memorandum of sale, bidders must execute a lead paint disclosure and agree to waive the ten (10) days right to inspection after the sale. Property will be sold "AS IS, WHERE IS".
The City of Roanoke makes no representation regarding the environmental condition(s) of the property and all property is sold "as is."
For all other questions, contact
Billings and Collections at 540-853-2880