Details for O'NEILL, RICHARD

STATE OF GEORGIA COUNTY OF ¬¬¬¬GWINNETT NOTICE OF DEFAULT AND FORECLOSURE SALE WHEREAS, on April 13, 2006, a certain Adjustable Rate Home Equity Conversion Security Deed was executed by Richard T. O'Neill and Mary C. O'Neill as grantor in favor of Financial Freedom Senior Funding Corporation, A Subsidiary of Indy Mac Bank as grantee and was recorded on April 22, 2005, in Deed Book 42457, Page 0099 in the Office of the Clerk of Superior Court, Gwinnett County, Georgia; and WHEREAS, the Adjustable Rate Home Equity Conversion Security Deed 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 Adjustable Rate Home Equity Conversion Security Deed is now owned by the Secretary, pursuant to an assignment recorded on April 1, 2015 and recorded in Deed Book 53461, Page 0628, in the Office of the Clerk of Superior Court, Gwinnett County, Georgia; and WHEREAS, a default has been made in the covenants and conditions of the Mortgage in that the payment, was not made and remains wholly unpaid as of the date of this notice, and no payment has been made sufficient to restore the loan to currency; and WHEREAS, the entire amount delinquent as of May 3, 2019 is $262,340.38 plus fees and costs; and WHEREAS, by virtue of this default, the Secretary has declared the entire amount of the indebtedness secured by the Adjustable Rate Home Equity Conversion Security Deed to be immediately due and payable; NOW THEREFORE, pursuant to 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 27, 2019 in Book 56616, Page 00378, notice is hereby given that on July 2, 2019 at 10:30AM local time, all real and personal property at or used in connection with the following described premises ("Property") will be sold at public auction to the highest bidder: ALL THAT TRACT OR PARCEL OF LAND LYING AND BEING IN LAND LOT 55 OF THE 7TH DISTRICT OF GINNETT COUNTY, GEORGIA, BEING LOT 8, BLOCK "A" OF OAKMONT SUBDIVISION, UNIT ONE, ACCORDING TO PLAT RECORDED IN PLAT BOOK 84, PAGE 265, LAST REVISED AT PLAT BOOK 89, PAGE 42, RECORDS OF GWINNETT COUNTY, GEORGIA, WHICH PLAT IS INCORPORATED HEREIN BY REFERENCE. Commonly known as: 1502 Oak Ivy Lane, Lawrenceville, Georgia 30043. The sale will be held at the Gwinnett County Courthouse. The Secretary of Housing and Urban Development will bid $262,340.38 plus fees & 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 prorated 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 $26,234.04 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 $26,234.04 must be presented before the bidding is closed. The deposit is nonrefundable. 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. The Secretary may grant an extension of time within which to deliver the remainder of the payment. All extensions will be for 15-day increments for a fee of $500.00, paid in advance. The extension fee shall be in the form of a certified or cashier's check made payable to the Secretary of HUD. If the high bidder closes the sale prior to the expiration of any extension period, the unused portion of the extension fee shall be applied toward the amount due. 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 mortgage 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 scheduled foreclosure sale shall be cancelled or adjourned if it is established, by documented written application of the mortgagor to the Foreclosure Commissioner not less than 3 days before the date of sale, or otherwise, that the default or defaults upon which the foreclosure is based did not exist at the time of service of this notice of default and foreclosure sale, or all amounts due under the mortgage agreement are tendered to the Foreclosure Commissioner, in the form of a certified or cashier's check payable to the Secretary of HUD, before public auction of the property is completed. The amount that must be paid if the Mortgage is to be reinstated prior to the scheduled sale is $262,340.38 plus fees and costs as of May 3, 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. Tender of payment by certified or cashier's check or application for cancellation of the foreclosure sale shall be submitted to the address of the Foreclosure Commissioner provided below. Shelton Law LLC, FORECLOSURE COMMISSIONER 3631 Chamblee Tucker Road, Suite A-283, Atlanta, GA 30341; 877-565-7708;; File no. 19HUD.00001 *THE LAW FIRM IS ACTING AS A DEBT COLLECTOR. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. Publication Dates: 6.12.19, 6.12.19, 6.26.19