REAL ESTATE 8-6-2011

PUBLIC AUCTION OF REAL ESTATE

LOCATION:  117 Pinewater Drive, Harbeson, Delaware

2 Bedroom, 1 ½ Bath, Living Room/Kitchen Combo, Laundry Room, Screen Porch, Sleeping Quarters Upstairs, Central Air, Electric Heat, 60 ft Dock Overlooking Herring Creek

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 By Order of the Court of Chancery, dated June 14, 2011, at the Petition of the Petitioner in the above referenced matter, the following real property will be sold by the Trustee appointed by the Court:

 PROPERTY IDENTIFICATION: 117 Pinewater Drive, Harbeson, (Lewes) Delaware; Sussex County Tax Map Parcel No.: 2-34-17, 12-13.00.  Said real property is situated in the Angola area and immediately adjacent to Pinewater Farms.  Said real property contains approximately Fifty-Three One Hundreds (53/100 or .53) acres of land, more or less.  The property is improved by a single family dwelling.  A full metes and bounds legal description may be obtained by contacting the Trustee identified below; by visiting Reagan-WatsonAuctions.com; or by obtaining the last deed of record recorded at Book 1194, Page 192 with the Sussex County Recorder of Deeds.  The sale is subject to all easements and restrictions of record.

 SPECIAL NOTATIONS:  The subject property is land fronting on the Hopkins Prong of Herring Creek, a tributary of the Rehoboth Bay.  The property is landlocked but accessible by and through easement(s) of record.  No representations are made with regard to the nature and completeness of the easements.  Said real property is also subject to a Delaware Department of Natural Resources Subaqueous Lands Lease for the purpose of maintaining a pier into Hopkins Prong.  Said Lease by its terms expires in April 2019 and can be viewed at Deed Book 2711, Page 006, in the Sussex County Recorder of Deeds Office.

 DATE AND TIME:   SATURDAY, AUGUST 6, 2011: 12:00 PM NOON

 AUCTION TO BE HELD AT PROPERTY LOCATION:  117 Pinewater Drive, Harbeson, Delaware.

 AUCTIONEER:  Reagan-Watson Auctions

                             22350 Sussex Highway

                             Seaford, Delaware  19973

                             302.628.7653

 

COURT APPOINTED TRUSTEE:  Dean A. Campbell, Esquire

                                                          401 North Bedford Street

                                                          P.O. Box 568

                                                          Georgetown, Delaware   19947

                                                          302.854.9750

TERMS OF SALE:  $10,000.00 non-refundable deposit on the day of sale with cash or certified funds payable to Law Office of Dean A. Campbell, LLC, the balance to be paid on or before September 6, 2011, with cash or certified funds.  Trustee shall prepare and deliver deed.  Purchaser shall pay the Delaware 1 ½% State Realty Transfer Tax and the 1 ½% Sussex County Transfer Tax.  Purchaser shall be responsible for all other closing costs and fees.  Faillure to follow the above terms could result in a forfeiture of the deposit.  This property is being sold “AS IS and WHEREIS” with no express or implied warranties or disclosures.  Announcements made the day of sale take precedent over printed material.  Sale is subject to confirmation by the Court of Chancery of the State of Delaware.  In the event the sale is not confirmed, all purchase funds, including the deposit, will be refunded to the buyer.

 NOTATION:  The total acreage is believed to be in the approximate size of .53 acres as based on the last deed of record and Sussex County Tax Maps.  No survey has been conducted an any representations as to accrual acreage should be verified.

NOTICE TO CREDITORS:  Any person or entity having a claim against either the real property, the Petitioner, Janet Pierce, or Respondents, Gerry M. Hammond, Theresa D. Hammond, Teena H. Benton, or Billy A. Hammond, must present their claim in writing to the Trustee or file same with the Court of Chancery, Sussex County, before September 20, 2011 or such claim will be deemed to have been abandoned.