Home & 3.13 Acres

Terms

BY VIRTUE OF A DECREE AND ORDER OF SALE OF THE WARREN CIRCUIT COURT, the Master Commissioner working in conjunction with Joe B. Houchens Real Estate and Auction Company, will sell at public auction the real property in the following action on Saturday, September 23, 2017, about the hour of 10:00 a.m.  on-site at 3487 Woodburn Allen Springs Rd., Woodburn, KY 42170, The property shall be sold to collect the amounts hereinafter set forth, together with interest and the costs of the action, and upon the following terms and conditions (unless otherwise stated).

(A) There will be a seven percent (7%) buyer’s premium added to successful bid to determine sale price of real estate.  The purchasers will be required to pay ten percent (10%) down the day of sale and post bond on the remainder with the balance due in thirty (30) days.  Pursuant to KRS 426.705 the bond shall bear interest at the rate the Judgment bears, until paid in full.  The Master Commissioner will retain a lien on the property sold to secure the sale price.  If the purchaser elects to post bond, he/she will be required to provide sufficient surety thereon at the sale.  Please contact the Master Commissioner’s Office prior to the sale with questions regarding approved surety at 270-842-0614.  Occasionally, additional announcements are published on our webpage at www.warrencountymastercommissioner.com. (B) The property is sold subject to the following: a. State, county, city, and school taxes payable for the entire year of 2017 and all taxes due thereafter. b. Easements, restrictions, and covenants of record. c. Assessments for public improvements levied against the property. d. Any facts which an inspection or accurate survey of the property may disclose. C. The property shall otherwise be sold free and clear of any and all right, title, and interest of all parties to this action and of their liens and encumbrances thereon except such right of redemption as may exist in favor of the United States of America or the defendants.  D. For a more particular description of these properties, reference is made to the file on record at the Warren Circuit Clerk’s Office on the first floor of the Justice Center.

CITIZENS FIRST BANK vs. JOE A. CHAPMAN, et al. pending in the Judgment and Order of Sale in Warren Circuit Court, Div I, 17-CI-333, to collect $1,019,740.77, interest at a rate of 4.95% per annum until paid, to collect $137,380.90, interest at a rate of 5.75% per annum until paid, to collect $100,415.27, interest at a rate of 5.75% per annum until paid in addition to attorney fees and costs.

SALE NO. 1 - 3793 Woodburn Allen Springs Rd., Map Code: 045A-08 Containing 64 +/- acres

SALE NO. 2 - 3487 Woodburn Allen Springs Rd., Map Code: 045A-06B and Lot No. 2 of the J.G. Chapman Property, containing 0.25 acres, Map Code: 045A-07 Totaling 2.8 +/- acres

SALE NO. 3 - Being Lot No. 1 of the J.G. Chapman Property, containing 1.84 acres and Lot 6 of J.G. Chapman Property, containing 16.306 acres, Map Code: 045A-07 Totaling 18.146 +/- acres

SALE NO. 4 - Being Lot 4 of the Minor Subdivision Plat for J.G. Chapman, Map Code: 045A-06-003 Containing 1 acre

SALE NO. 5 - Being Lots 3 and 5 of the Minor Subdivision Plat for J.G. Chapman, Map Code: 045A-06-003 Containing 2.04 acres

SALE NO. 6 - 3100 Cedar Bluff Rd. N, Map Code: 033A-45-001 Containing 3.13 acres

Scott A. Bachert - Attorney for Citizens First Bank

David F. Broderick – Master Commissioner