Foreclosure of 1,502+/-Acres and 54 Lots Near the Albemarle Sound at Hertford, NC

Mar 14, 2013, 09:38 ET from Iron Horse Auction Company, Inc.

ROCKINGHAM, N.C., March 14, 2013 /PRNewswire/ -- It was announced today that 1,502+/- Acres with over 2 miles of frontage on the Perquimans River, which empties into the Albemarle Sound, will be sold at auction. The auction includes 54 Lots located in Albemarle Plantation. The properties are being sold by Iron Horse Auction Company, Inc. at the direction of Aucry LLC, Substitute Trustee.

The 1,502+/-Acres includes 414.3+/-Acres of Prime Eastern North Carolina Farm Land with the balance in beautiful forest land. Minzes Creek flows through a portion of the property. The 54 lots are fully developed and ready for new home construction.

The Auction will be conducted at the Perquimans County Court House in Hertford, NC on March 26th at 10:00 am. Anyone wishing to inspect the properties can attend the Open House Inspections on March 16th & 17th from 10am to 4pm.

Thomas McInnis, Nationally Recognized Real Estate Auction Expert and Partner at Iron Horse Auction Company states, " This foreclosure auction brings to the market a fabulous offering with extensive waterfront and beautiful developed lots located in Albemarle Plantation. As we near the end of the great recession, this will prove to be one of the last, best buying opportunities in Mid Atlantic Coastal Real Estate."

For further information, go to or call:

For interviews, contact:
Thomas McInnis at 910-997-1555
Iron Horse Auction Company, Inc.
174 Airport Road
Rockingham, NC 28379

Gary Davis
Aucry LLC, Substitute Trustee

SOURCE Iron Horse Auction Company, Inc.