Monday, May 24. 2021 The Board Room in the Country Administration Building located at 122 East Main St. Bedford, VA 24523
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DATE: Monday, May 24. 2021


SITE: The Board Room in the Country Administration Building located at 122 East Main St. Bedford, VA 24523

SALES MANAGER: George McDaniel (434) 546-9235

Terms and Conditions

GENERAL TERMS OF SALE: All sales are subject to confirmation by the Circuit Court of the
County of Bedford. The Special Commissioner of Sale has the right to reject any bids determined
to be unreasonable in relation to the estimated value of the Property. All properties are sold in
gross and not by the acre. Properties are offered for sale as-is, with all faults and without any
warranty, either expressed or implied. Properties are conveyed by Special Warranty Deed, subject
to any easements, covenants, agreements, restrictions, reservations, and any and all rights of record
which may affect the property. Subsequent taxes will be prorated from the auction date of May 24,
2021, and the highest bidder will be responsible for taxes from that date forward. Any unsold
property will be offered for sale again at the next auction, whenever that may be.

Persons are encouraged to make a visual inspection of the property within the limits of the law and
to obtain an independent title search prior to bidding on any of the properties. Bidders are strongly
encouraged to make their own inspection to determine the suitableness of the property and it is
assumed that all bidders will perform due diligence prior to the day of the auction. Any costs
incurred by the bidder to inspect the property are at the expense of the bidder and are nonrefundable.
It is not guaranteed that the property has a right-of-way or that it is not landlocked.
The information shown, including maps, is derived from public records that are constantly
undergoing change and do not replace a site survey or inspection. There is no warranty as to the
accuracy of the visual maps, nor is the information contained therein a legal representation of any
of the features of the property which it depicts.

There will be a 10% buyer’s premium added to the final bid to determine the “final contract
price”. The buyer’s premium is due upon the close of the auction and will be in addition to
the required deposit amount.
Please consider the buyer’s premium when placing bids.

Deposits shall not exceed Twenty Thousand Dollars ($20,000.00). Bids which are less than One
Thousand Dollars ($1,000.00) shall be paid in full at the time of the auction. Such sum shall be
held by the Special Commissioner and credited towards the purchase price following confirmation
of the sale.

The balance of the purchase price shall be deposited by the highest bidder with the Special
Commissioner within fifteen (15) days of confirmation of the sale by the Court. Recording costs
for deed recordation will be the responsibility of the successful bidder and will be due with the
balance of the purchase price within fifteen (15) days of confirmation of sale by the Court.

The sale of property to the highest bidder is not contingent upon obtaining financing. Financing,
if needed, is the sole responsibility of the high bidder. By bidding, parties are entering into a legally
binding contract, waive all rescission rights, and understand that their bid is immediately binding,
irrevocable, and enforceable. Additionally, by bidding, parties are representing that they have read,
and agree to be bound by, all terms and conditions for this sale. Failure to complete the property
purchase will result in forfeiture of any funds paid and may subject the highest bidder to additional
damages, which may include expenses and any deficit upon resale.

Terms applicable to In-Person Bidders ONLY: The highest bidder shall make a deposit in the
amount of twenty-five percent (25%) or One Thousand Dollars ($1,000.00), whichever is higher
on the day of the auction, along with their buyer’s premium payment. All payments must be made
in the form of personal check, traveler’s check, cashier’s check or money order. No cash will be

Terms applicable to Online Bidders ONLY: All interested parties must register and be approved
by the Auctioneer. Registration and bidding are free of charge and are done through the
Auctioneer’s website www.countsauction.com. If any interested bidders are unable to attend for
in-person bidding and wish to bid on property, but do not have access to the internet, please contact
George McDaniel, at (434) 525-2991 for assistance. The highest bidder will receive their purchase
contract and balance due via email following the close of the auction. The contract shall
immediately be executed and returned to TACS. The bid deposit (25% or $1,000, whichever is
greater) and the 10% buyer’s premium
must be received in full within five (5) business days
following the auction closing (no later than June 1, 2021, at 12:00pm EST). Time is of the
essence. All payments must be made in the form of certified funds, cashier’s check, money order
or wire transfer. Cash and personal checks will not be accepted. Checks and money orders shall
be made payable to Bedford County and forwarded to TACS, at the address shown below. Wire
transfer instructions will be provided to the highest bidder upon request.

Please be advised that in order to qualify as a bidder at this auction, you may not owe delinquent
taxes to the County of Bedford and you may not be a Defendant in any pending delinquent tax
matter. Questions concerning the registration and bidding process should be directed to the
Auctioneer online at www.countsauction.com, by email to GMcDaniel@countsauction.com or by
phone to George McDaniel, at (434) 525-2991. Questions concerning the property subject to sale
should be directed to TACS online at www.taxva.com, by email to taxsales@taxva.com, by phone
to (804) 893-5176, or by writing to the address below.

Jeffrey A. Scharf, Esq.
Re: Bedford County Auction
Taxing Authority Consulting Services, PC
P.O. Box 31800
Henrico, Virginia 23294-1800