NOW IN 10 DAY UPSET BID PERIOD
Properties are Subject to 10 Day Upset Bid process per North Carolina Statute
Upset bids must be 5% or greater with 5% deposit placed at Clerk of Court
Upset bids must be placed in person at:
Clerk of Superior Court
Wayne County Courthouse
224 E Walnut st
Room 330 (3rd Floor)
Special Proceedings
Goldsboro,NC 27530
919-722-6100
INSPECTION
At Buyers Leisure & Liability
Do Not Disturb Crops or Tenants
PROPERTY DESCRIPTION
In the matter of B&B Partnership (File 24-SP-17)
*These tracts were bid individually in the live auction and can be upset bid individually.
THE UPSET BID PERIODS FOR THESE TRACTS ARE STILL ACTIVE.
TRACT 4:
16.17 +/- Acres (referred to as White Oaks Farm) with any improvements (Except phase converter and VFD drive) located at Benton Pond Rd, Fremont, NC 27830; PIN 3624044595 more adequately described in Deed Book 1359, Page 820 of the Wayne County Registry.
CURRENT BID: $4,000.00
NEXT BID TO UPSET: $4,750.00 or greater amount
UPSET BID PERIOD ENDS: August 5, 2024 at 5 PM
TRACT 5:
226.08 +/- Acres (Maps out as 247.8 +/- Acres per Wayne GIS - referred to as Benton Farm) with any improvements (Except floating pump in Benton Pond) located at Benton Pond Rd, Fremont, NC 27830; PIN 3614749901 more adequately described in Deed Book 1362, Page 337 of the Wayne County Registry. (This property contains 51.5 +/- Acres on the north side of Benton Pond Road and 196.3 +/- Acres on the south side of Benton Pond Road with a conservation easement.)
CURRENT BID: $346,500.00
NEXT BID TO UPSET: $363,825.00 or greater amount
UPSET BID PERIOD ENDS: August 1, 2024 at 5 PM
TRACT 6:
3.85 +/- Acres (referred to as Legacy Biogas) with any improvements located at 396 Benton Pond Rd, Fremont, NC 27830; PIN 3614858210 more adequately described in Deed Book 3332, Page 661 of the Wayne County Registry.
CURRENT BID: $15,000.00
NEXT BID TO UPSET: $15,750.00 or greater amount
UPSET BID PERIOD ENDS: August 1, 2024 at 5 PM
In the matter of Legacy Farms, Inc. (File 24-SP-16)
*These tracts were bid combined in the live auction and can only be upset bid in combination.
THE UPSET BID PERIOD FOR THIS MATTER HAS ENDED.
TRACT 1:
213 +/- Acres (referred to as Hooks Farm) with any improvements (except for the tower irrigation units) located at 1810 E NC 222 HWY, Fremont, NC 27830; PIN 3624087180 more adequately described in Deed Book 3204, Page 162 of the Wayne County Registry.
TRACT 3:
69 +/- Acres (referred to as Dudley Farm) with any improvements located at Camp Trailee Rd, Goldsboro, NC 28333; PIN 2596853466 more adequately described in Deed Book 3179, Page 608 of the Wayne County Registry.
TRACT 7:
299 +/- Acres (referred to as Youse Farm) with any improvements located at 2450 Antioch Rd, Fremont, NC 27830; PIN 3624305728 more adequately described in Deed Book 3083, Page 789 of the Wayne County Registry.
WINNING BID: $3,150,000.00
Chris Crawford
919.935.1974
ccrawford@ironhorseauction.com
All items in this auction are selling “AS-IS, WHERE IS” with all faults, if any. Iron Horse Auction Company, Inc. makes no representations or warranties, expressed or implied, concerning the items being sold. Descriptions of the items are believed to be correct, but are not guaranteed. It is the Buyer’s responsibility to conduct any inspections prior to the auction. All due diligence periods end the date the auction is scheduled to end and prior to the end of the auction. It is possible that the property being sold is subject to local, state and federal regulatory authorities and it is the Buyer’s responsibility to ascertain if they are subject to regulation and permitting. Iron Horse Auction Company, Inc. has attempted to find or locate all information deemed material facts. Ultimately, it is the Buyer’s responsibility to inspect all aspects of the items before placing a bid. No sale shall be invalidated by the Buyer as a result of he/she not conducting their own inspection prior to placing a bid or doing due diligence. It is automatically acknowledged by placing a bid that you have personally inspected the property, hired an agent to inspect the property, or waived your right to inspect the property.
1. Agency:
Iron Horse Auction Company, Inc. are acting as agents of the Foreclosure Trustee and
at no time acting on behalf of the Buyer.
2. 10 Day Upset Bid Period in effect at end of the auction. Upset bids require a 5% raise
of bid and a 5% deposit. Upset bids must be registered in person at the Wayne County
Clerk of Court, 224 E Walnut St #230, Goldsboro, NC 27530
3. Property Information & Inspection:
Property inspection at buyer leisure and liability. Do not disturb crops or tenants.
Iron Horse Auction Company, Inc. is not responsible for any missing or incorrect listing
information. Iron Horse Auction Company, Inc. has attempted to provide accurate
descriptions. However, it is the bidders responsibility to conduct any inspections to determine the condition and feasibility of the bidder’s intended use. Descriptions that are provided by Iron Horse Auction Company, Inc. are provided in good faith and are responsible matters of opinion. It is automatically acknowledged by registering that you have either personally inspected the property, hire an agent to inspect the property or wave your
right to inspect the property. By placing a bid, this creates a legal obligation to purchase the property at the high bid price plus any additional fees included in closing the real
property transaction.
4. Trustee’s Discretion:
The Trustee has full discretion to modify the date and time, order, and details of the
auction for any reason included in the Notice of Sale or Foreclosure Statute,
including but not limited to emergencies, and convenience of the Trustee.
5. Payment Terms:
A deposit of Five Percent (5%) of the final bid will be required for the buyer of each
parcel on the sale day and this deposit shall be made payable to the Wayne County
Clerk of Court to be held by the courts. If a deposit if forfeited, the deposit shall be
administered under applicable law as determined by Wayne County Clerk of Court.
Closing will be as specified by the Trustee. This auction is a Cash Transaction not
contingent on or subject to financing, appraisal, survey or inspections of any kind, as
agreed to by Bidder and or Buyers at registration prior to bidding and specified in the
Auction Terms and Conditions on the event page of each specific auction.
6. Auction Administrative Fee
In the event a winning bidder fails to make the deposit as provided in the Notice of Sale,
the property may be resold, and the bidder will be charged an Administrative Fee by the
Auctioneer. Additional default remedies are reserved by Iron Horse Auction Company
and the Trustee as provided in the Auction Terms and Conditions and Notice of Sale of
Real Property and ALL Administrative Fees are nonrefundable.
7. Closing:
Unless the Trustee agrees otherwise, property is to be closed within 30 days after the
auction upset bidding ends or upon delivery of the Trustees deed, whichever is sooner.
8. Closing Costs:
Buyers closing cost can include new boundary survey, title search fees, title insurance
premiums, recording fee of documents, Ad Valorem taxes and any other fees required for
closing. Seller’s closing cost is limited to revenue stamps and the cost of deed preparation.
9. Property Condition:
All property in this auction is selling AS IS, WHERE IS with all Faults, if any. The
Trustee or Iron Horse Auction Company, Inc. makes no representations or warranties,
expressed or implied, concerning the property. Descriptions of the property are believed
to be correct, but are not guaranteed. It is the Buyer’s responsibility to conduct any
inspections prior to the auction. All due diligence periods end the date the auction is
schedule to end. Crop allotments, mineral rights, timbers rights, water rights, if any will
transfer with the deed. It is possible that the property being sold is subject to restrictive
covenants and homeowner’s association rules, regulations and dues, if any. Iron Horse
Auction Company, Inc. has attempted to find or locate all information deemed material
facts. Ultimately, it is the Buyer’s responsibility to inspect all aspects of the property
before placing a bid. No sale shall be invalidated by the Buyer as a result of the
HE/SHE not conducting their own inspection prior to placing a bid. It is automatically
acknowledged by placing a bid that you have either personally inspected the property,
hire an agent to inspect the property or waive your right to inspect the property.
10. Legal Interpretations:
This document shall be interpreted by the laws of the State of North Carolina.
11. Disputes:
Any and all causes of action resulting from this auction shall be heard in the General
Court of Justice of Wayne County, North Carolina as the sole and exclusive venue.
12. Title/Deed:
Title will be delivered by Trustees Deed without warranty.
13. Possession:
Not given until Closing.
14. Crop Leases:
Buyers must allow for crops to be removed by current tenants. Wayne County annual
crop leases expire December 1.
15. Real Estate Taxes and Closing Cost:
The sale is subject to taxes and assessments. The purchaser will pay all other closing
costs associated with the purchaser’s side of the sale, including local and state
recording fees, excepting the excise stamp tax to be paid by the Trustee/Seller.
16. Easements:
Subject to any and all easements recorded or unrecorded.
17. Zoning:
This property is subject to all state and local zoning ordinances.
18. Acreage & Aerial Photos:
Parcel dimensions and acreages are based on legal descriptions. Aerial photos are for
illustration purposes only and not surveyed boundary lines.
19. Age Requirement:
All bidders must be eighteen (18) years of age or older.