Master Commissioner Auction
Approximately 140 Acres with Modular Home
July 19, 2021 -12:00 noon
1286 Cripple Creek Road, Williamsburg, KY
Auction conducted at Whitley County Courthouse, Williamsburg, KY
This auction is being conducted in cooperation with Whitley County Master Commissioner.
DIRECTIONS: From Interstate 75 Exit 15 in Williamsburg, KY, follow Hwy 25W north 1.4 miles and turn right onto Hwy 836 / Cripple Creek Road. Proceed 1.3 miles to property on left. Auction signs are posted.
- Approximately 140 acres selling by boundary deed description improved by a Champion modular home. The property has not been surveyed and the actual acreage may vary greatly.
- A short drive from Williamsburg, Ky, Corbin, Ky, Interstate 75, University of Cumberlands and Laurel River Lake
- Cleared fields and wooded land
- House plan calls for approximately 2280 square feet of living space.
TERMS OF SALE
1. The above property is indivisible and shall be sold as a whole to produce the sum of money so ordered to be made.
2. On the date of sale, the purchaser shall either pay full cash or may pay ten percent (10%) down with the balance in thirty (30) days. If the purchase price is not paid in full, the successful bidder shall execute a bond at the time of sale with sufficient surety approved by the master commissioner prior to the sale to secure the unpaid balance of the purchase price. Pursuant to KRS 426.705 the bond shall bear interest at the rate the judgment bears, from 2 the date of sale until paid. Signatures of principal and surety on the bond shall have the effect of a Judgment. In the event the Plaintiff or its representative is the purchaser for a sum equal to or less than its judgment granted against the Defendants, then, and in that event, they shall only be required to pay costs and expenses of the sale and no payment shall be required and no bond shall be executed by them.
3. The risk of loss for the subject property shall pass to the purchaser on the date of sale. Possession of the premises shall pass to the purchaser upon payment of the purchase price and delivery of deed.
4. The purchaser shall be required to assume and pay all taxes or assessments upon the property for the current tax year (not yet due and payable), and all subsequent years. All taxes or assessments upon the property for prior years shall be paid from the sale proceeds if properly claimed in writing and filed of record by the purchaser prior to payment of the purchase price.
5. The property shall be sold subject to the following: a. Easements, restrictions and stipulations of record; b. Assessments for public improvements levied against the following real estate; c. Any facts which an inspection and accurate survey of the following described real estate may disclose.
6. If the property does not bring two-thirds of its appraised value, a six (6) month right of redemption will exist pursuant to KRS 426.530 (revised July 15, 2014).
7. This property is sold subject to the right of redemption, if applicable, provided in 28 USCA Sec. 2410.
This property will be selling in its "AS IS" condition.