Bidding Terms & Conditions of Foreclosure Real Estate AuctionAuction Type & AuthorityThis is a foreclosure real estate auction conducted pursuant to the Notice of Substitute Trustee’s Sale for the property located at 385 Wildcat Hollow, New Tazewell, TN 37825.The sale will be conducted Wednesday Dec 17th at 10:00am at the usual and customary location at the Claiborne County Courthouse, Tazewell, Tennessee.The auction will be conducted by Clarence A. Wilbon, Substitute Trustee, by and through his agent, JD’s Realty & Auction, LLC.Live and online bidding will be available for this auction.Property DescriptionBEING Lot No. 856 of Lone Mountain Shores Subdivision, Phase VIII, as shown by plat on file in the Register of Deeds’ Office of Claiborne County, Tennessee, in Plat Cabinet 3, Slide 299.Tax Parcel No. 3-138D-B-138C-56.00.Full legal description is contained in the Notice of Substitute Trustee’s Sale.InspectionThe property is sold in AS-IS, WHERE-IS condition with no warranties expressed or implied. Buyers are encouraged to perform their own due diligence prior to bidding.Terms of SaleThe property will be sold to the highest bidder for cash.On auction day, the successful bidder must deliver a non-refundable deposit of $25,000 in the form of a cashier’s check or wire transfer.A 10% Buyer’s Premium will be added to the final bid price to determine the Total Sales Price.The balance of the Total Sales Price must be paid in full within 24 hours of the auction’s conclusion. If the highest bidder cannot comply, the next highest bidder, at their highest bid, may be deemed the successful bidder.The property is sold free from all legal, equitable, and statutory rights of redemption, exemptions of homestead, rights by virtue of marriage, and all other exemptions of every kind, all of which have been expressly waived in the Deed of Trust.The sale is subject to confirmation by the lender or trustee and may be rescinded at any time.Title & LiensThe title is believed to be good, but will be conveyed only as Substitute Trustee. The sale is subject to:All matters shown on any recorded platAny unpaid taxes and assessments (plus penalties, interest, and costs)Any restrictive covenants, easements, or set-back linesAny matters that an accurate survey might discloseAny prior liens or other encumbrances of record.Other lienholders or interested parties include: Bank of America, N.A.Adjournment RightsThe Substitute Trustee reserves the right to adjourn the day of sale to another day, time, and place certain without further publication, upon announcement at the time and place of sale.Buyer’s ResponsibilityBy bidding, the bidder acknowledges they have read and understood all sale terms and the published Notice of Substitute Trustee’s Sale.Jurisdiction & VenueThis sale and any disputes shall be governed by the laws of the State of Tennessee, with venue in Claiborne County.