The property located at 424 Magazine Street in Pulaski, Virginia will be sold at a trustee’s sale following a Deed of Trust executed on November 22, 2022. The original principal amount for the deed was $85,858.00, and the transaction is recorded as Instrument Number 202204337 in the land records of Pulaski County.
The sale is part of a legal process to recover the outstanding debt associated with the property. As stipulated in the deed, the property will be sold to the highest bidder, with the auction scheduled to occur at a specified location in Pulaski.
Details of the Sale
As per the trustee’s announcement, the sale is expected to attract various bidders interested in acquiring the property. The auction will be conducted in accordance with local laws governing property sales. Interested parties are encouraged to perform due diligence prior to the sale, including examining the property and reviewing the terms of the deed.
Potential bidders must be prepared to fulfill any financial obligations immediately following the auction. The trustee will provide all necessary information regarding the conditions of the sale, including payment methods and any required deposits.
Implications for the Local Market
This trustee sale may have broader implications for the local real estate market in Pulaski. Property sales of this nature typically signal shifts in ownership and can influence property values in the surrounding area. Local real estate experts suggest that such sales often attract both investors and first-time buyers looking for opportunities.
As the auction date approaches, it will be essential to monitor the level of interest and participation from potential buyers. The outcome of this sale could provide insights into the current trends within the Pulaski housing market and its overall economic environment.
For those interested in this property or the auction process, further information will be available through local real estate listings and the Pulaski County land records office.
