Details for Blanton - Default and foreclosure sale

(Published in the Daily
Star- Journal Tues.,05/28/19, Tues.,06/04/19 & Tues.,06/11/19)

NOTICE OF DEFAULT AND FORECLOSURE SALE


WHEREAS, on November 14, 2008, a certain Deed of Trust (“Reverse Mortgage”) was executed by Virginia A. Blanton, as Mortgagor, in favor of World Allied Financial Corp., as Mortgagee, and was recorded on November 21, 2008 at Book 3269 Page 180 as Document Number 332330 in the Office of the Recorder of Deeds of Johnson County, Missouri; and

WHEREAS, the Mortgage was insured by the United States Secretary of Housing and Urban Development (the Secretary) pursuant to the National Housing Act for the purpose of providing single family housing; and

WHEREAS, the Mortgage is now owned by the Secretary pursuant to an Assignment dated June 30, 2015, and recorded on July 2, 2015 at Book 3554 Page 37 as Instrument Number 384532 in the Office of the Recorder of Deeds of Johnson County, Missouri; and

WHEREAS, Mortgagor Virginia A. Blanton died on or about November 1, 2016, at which time the subject property was not the principal residence of at least one surviving borrower, thereby requiring the immediate payment in full of all sums secured by the Reverse Mortgage; and

WHEREAS, no sums due and owing under the Reverse Mortgage have been paid; and

WHEREAS, the entire amount delinquent as of May 2, 2019, was $93,394.94; and

WHEREAS, by virtue of this default, the Secretary has declared the entire amount of the indebtedness secured by the Reverse Mortgage to be immediately due and payable;

NOW THEREFORE, pursuant to the powers vested in me by the Single Family Mortgage Foreclosure Act of 1994, 12 U.S.C. §3751 et seq., by 24 CFR Part 27, subpart B, and by the Secretary’s designation of me as Foreclosure Commissioner recorded on May 31, 2018 at Book 3673 Page 33 as Instrument Number 406198 in the Office of the Recorder of Deeds of Johnson County, Missouri, notice is hereby given that, on Tuesday, June 18, 2019 at 2:00 p.m. local time, all real and personal property used at or in connection with the following described premises will be sold at public auction to the highest bidder:

ALL THAT CERTAIN PROPERTY SITUATED IN THE COUNTY OF JOHNSON, AND STATE OF MISSOURI, BEING DESCRIBED AS FOLLOWS:

LOTS 14, 15, AND 16 IN BLOCK 6 OF HIGH SCHOOL ADDITION TO THE CITY OF LEETON [Commonly known as 515 N. Lee Street, Leeton, Missouri]

The sale will be held at the east front door of the Johnson County Courthouse, 300 N. Holden Street, Warrensburg, Missouri. The Secretary of Housing and Urban Development will bid $94.187.49, plus fees and costs.

There will be no proration of taxes, rents, or other income or liabilities, except that the purchaser will pay, at or before closing, his pro rata share of any real estate taxes that have been paid by the Secretary to the date of the foreclosure sale.

When making their bids, all bidders except the Secretary must submit a deposit totaling $9,418.75 in the form of a certified check or cashier's check made out to the Secretary of HUD. Each oral bid need not be accompanied by a deposit. If the successful bid is oral, a deposit of $9,418.75 must be presented before the bidding is closed. The deposit is non-refundable. The remainder of the purchase price must be delivered within 30 days of the sale or at such other time as the Secretary may determine for good cause shown, time being of the essence. This amount, like the bid deposits, must be delivered in the form of a certified or cashier's check. If the Secretary is the high bidder, he need not pay the bid amount in cash. The successful bidder will pay all conveyancing fees, all real estate and other taxes that are due on or after the delivery of the remainder of the payment and all other costs associated with the transfer of title. At the conclusion of the sale, the deposits of the unsuccessful bidders will be returned to them.

If the high bidder is unable to close the sale within the required period, or within any extensions of time granted by the Secretary, the high bidder may be required to forfeit the cash deposit or, at the election of the Foreclosure Commissioner after consultation with the HUD Field Office representative, will be liable to HUD for any costs incurred as a result of such failure. The Commissioner may, at the direction of the HUD Field Office Representative, offer the Property to the second highest bidder for an amount equal to the highest price offered by that bidder

There is no right of redemption, or right of possession based upon a right of redemption, in the mortgagor or others subsequent to a foreclosure completed pursuant to the Act. Therefore, the Foreclosure Commissioner will issue a Deed to the purchaser(s) upon receipt of the entire purchase price in accordance with the terms of the sale as provided herein. HUD does not guarantee that the property will be vacant. The amount that must be paid if the Mortgage is to be satisfied prior to the scheduled sale is $93,394.94 as of May 2, 2019, plus all other amounts that would be due under the mortgage agreement if payments under the mortgage had not been accelerated, advertising costs and postage expenses incurred in giving notice, mileage by the most reasonable road distance for posting notices and for the Foreclosure Commissioner's attendance at the sale, reasonable and customary costs incurred for title and lien record searches, the necessary out-of-pocket costs incurred by the Foreclosure Commissioner for recording documents, a commission for the Foreclosure Commissioner, and all other costs incurred in connection with the foreclosure prior to reinstatement.

Dated: May 2, 2019

JAMES W. TIPPIN & ASSOCIATES
FORECLOSURE COMMISSIONER

/s/ Keith A. Cutler
            KEITH A. CUTLER, Partner
21 West Gregory Boulevard
Kansas City, Missouri 64114
(816) 471-8575
(816) 421-0243 - FAX

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