USAA vs Peacock Filing Notices: Public and Legal Updates
If you’re curious about the legal proceedings involving USAA Federal Savings Bank and Michael Quincy Peacock, let me break it down for you. Here’s the scoop: A certain piece of land in Aiken County, South Carolina, measuring about 2.04 net acres, is up for sale. The property, located at 1580 Hatchaway Bridge Road, Aiken, SC 29801, will go to the highest bidder on April 7, 2025, at 11:00 AM.
This land was previously owned by Michael Quincy Peacock, who acquired it through a deed dated June 4, 2019. If you’re thinking of bidding, keep in mind that the successful bidder (other than the Plaintiff) will need to deposit five percent of the bid immediately after the auction, in certified funds or its equivalent. This amount shows good faith and will go towards the purchase price if everything goes smoothly.
If the highest bidder fails to complete the transaction within 20 days, the property may go back up for sale on similar terms. It’s also worth noting that the successful bidder will be required to pay interest on the balance of the bid until the full amount is settled.
Remember, this sale is contingent upon various factors like existing taxes, easements, and restrictions. It’s a good idea to do an independent title examination of the property before making any decisions, as there’s no warranty provided.
To ensure a valid sale, either Plaintiff’s attorney or their bidding agent must be present at the auction and submit the authorized bid. If this requirement isn’t met, the sale will be void, and the property will be advertised again at a later date.
Take note of the important dates: March 21, 28, and April 4, 2025, when attorney Scott and Corley, P.A., representing the Plaintiff, will oversee the proceedings. And always remember to consult legal counsel or review state laws if you have any doubts. Good luck to all potential bidders!
