** NOTICE OF SALE **
Real property will be sold for cash (meaning currency of the United States of America, Cashier’s Check(s) from a bank with a branch in Anchorage, Alaska, or Post Office money order), to the highest bidder, in the main lobby of the Nesbett Memorial Courthouse, 825 West Fourth Avenue, Anchorage, Alaska, on August 4, 2016, at 11:00 a.m. Proceeds will be applied to costs, expenses and attorney's fees incurred in the foreclosure and to satisfy amounts due under the Deed of Trust naming Martin Dennis Victor, III, Trustor. Equivest Mortgage Income Trust, Inc., is the current Beneficiary. The undersigned is trustee with power of sale under the Deed of Trust.
The Deed of Trust was recorded February 3, 2009, R/N 2009-006203-0, records of the Anchoage Recording District. The Notice of Default and Sale was recorded May 3, 2016, R/N 2016-017403-0, and should be consulted for important details regarding bidding rules and procedures well prior to the day of the sale. The real property covered by the Deed of Trust and to be sold is described as:
Lot 12, BLOCK 38-B, THIRD ADDITION TO THE TOWNSITE OF ANCHORAGE, according to the official plat thereof filed under Plat Number C-26, records of the records of the Anchorage Recording District, Third Judicial District, State of Alaska.
Street addr: 1563 Latouche Street, Anchorage, AK 99501
The amount owed under the note secured by the Deed of Trust is (as of April 27, 2016):
20,278.46 interest, 7.75%, from 07/16/2014 thru 04/27/2016 (650 days)
0.00 late charges
1,250.00 foreclosure fees to date
783.00 foreclosure costs to date
0.00 advances by beneficiary
$ 169,242.23 total amount currently due (as of 04/27/16)
The amount due will increase hereafter by the amount of interest incurred at 7.75% per annum after 04/27/2016 (currently $31.198 per diem), and by future foreclosure fees and/or foreclosure costs, and by any sums properly advanced or expended under the terms of the Deed of Trust with interest as therein provided.
Beneficiary will have the right to bid by offset without cash in an amount not greater than the balance owed on the obligation at the time of sale including all sums expended by beneficiary and trustee under the deed of trust, with interest thereon. Except for said offset bid(s), no one will be permitted to bid until the person conducting the sale for the trustee has verified that the prospective bidder has "cash" funds (as defined above) equal to their bid amount, on hand at the time of the sale.
Direct inquiries to the Law Office of James H. McCollum, LLC, 400 L Street, Suite 100, Anchorage, Alaska 99501, ph: 907-770-7773.
FIDELITY TITLE AGENCY OF ALASKA, LLC
By:/s/ Leslie Plikat
Its: C. O. O.
Pub: 5/22/2016 through 6/18/2016