Circuit Court/Sheriff sale-Estate of Lenville Byrd 9 parcels

by Ayers Auction & Realty

Circuit Court/Sheriff sale Byrd Estate 10 Day Raise Period in effect

Huntsville, TN

Notes

We had no raises on the property as of 4 PM Monday March 10th, so therefore property will sale to the 2 original bidders from the auction sale.

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That First National Bank is the lawful Assignee of Rice Oil Company, Inc, of a judgment entered in the above case#14622 against Lenville R. Byrd, that First National Bank became the lawful Assignee by instrument recorded on March 23rd, 2011 in Misc. book 177, page 589 Register's office Scott County, TN.  That Lenville R. Byrd is deceased having expired intestate on January 21,2012; that subsequent to the entry of the original judgment, an Agreed Order of Sale was filed in court on December 14th, 2010 which provided for the sale of certain properties to satisfy the Judgment and that said agreed Sale never occured due to vafious Foreclosure proceedings; that the Judgement remains unpaid and First National Bank is the senior lien holder against Lenville R. Byrd and/ or his Estate; that the following properties have been identified as unencumbered except for various Tax Liens, all of which are subordinate to the Judgment Lien of First National Bank:

a. Map 041, Parcel 045.00- 5 acres on Grape Rough Rd tax appraisal $33,900.00

b. Map 085L, group A, Parcel 011.01- Commercial lot on Hwy 63 in Huntsville tax appraisal $40,000.00

c. Map 085L, Group A, Parcel 012.00- Commercail lot on Hwy 63 in Huntsville tax appraisal $41,200.00 

d. Map 106, Parcel 020.03- 38.87 acres on Racetrack Drive tax appraisal $87,500.00

e. Map 107, Parcel 053.00- 40.51 acres on Owens Rd tax appraisal $90,700, Tommy Thompson has mineral rights

f. Map 107, Parcel 054.01- 6.03 acres on Owens Rd tax appraisal $31,200.00

g. Map 107, Parcel 054.03- 12.45 acres on Owens Rd tax appraisal $35,100.00

h. Map 107, Parcel 096.00- 1,176 sq ft home built in 1992 central heat & air on 1.33 acres tax appraisal $75,500.00 home address is 7022 Baker Hwy in Pioneer, TN, home actually fronts on Racetrack Dr.

i. Map 107, Parcel 096.01- .67 acre on Racetrack Dr tax appraisal 

that the Estate is currently being administered in the Probate Court for Scott County, Tennessee (File No. 2012-PR-7); that the sale should be conducted by the Sheriff of Scott County with the assistance of Ayers Auction & Real Estate and charge a 10% Buyers Premium and that the property be sold individually and then offered as a whole in order to secure the best price and that the property bbe sold subject the State of Tennessee's and the United States of America's right of redemption.

 

Terms: 10% Down day of sale balance upon closing in 30 days.



A 10% Buyers Premium



Circuit court rules apply



Property to be sold individually and then offered as a whole



Sold subject to the State of Tennessee's and the United States of America's right of redemption, if applicable;



Auction being conducted for the Scott County Sheriff and will be held at the Scott County Justice Center.



Buyer to pay all taxes current



10 day raise period



2 year redemption period

Conducted By

Ayers Auction & Realty

LaFollette Office: (423) 562-4941

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