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Substitute Trustees' Sale: 22,500 +/- Sq. Ft. Office/Warehouse Building In The Bynum Run Business Center In Forest Hill
350 Granary Rd., Forest Hill, MD 21050
Sale to be held on the premises
ALL OF THAT property and any improvements thereon, being situate in Harford County, Maryland (the "Property"), as follows:
ALL that lot or parcel of land situate and lying in the THIRD ELECTION DISTRICT of Harford County and being known and designated as Lot No. 6D as shown on that plat entitled "Revised Final Plat - Parcel "A", Bynum Run Business Center" which plat is recorded among the Land Records of Harford County in Liber C.G.H. No. 104, folio 70.
The improvements being known as 350 Granary Road.
BEING that same and all the land described in and conveyed by a Deed dated November 29, 2001 from Bynum Run, LLC unto JLT Properties, LLC and recorded among the Land Records of Harford County in Liber C.G.H. No. 3783, folio 0322.
The Property is believed to be improved by a building constructed in 2004, containing 9,000 +/- sq./ft. of office space within a two-story section of the building, and containing an additional 13,500 +/- sq./ft. of warehouse space within a connected one-story section of the building. The ceiling height for the warehouse section is 16' and the warehouse contains five (5) drive-in loading doors. The Property is situated on 1.3 acres and is currently configured for 39 parking spaces, plus an area for truck parking on the westerly side of the building. The Property is located within a GI (General Industrial) zoning district. The tax account number for the Property is 03-355373.
ALL that lot or parcel of land situate and lying in the THIRD ELECTION DISTRICT of Harford County and being known and designated as Lot No. 6D as shown on that plat entitled "Revised Final Plat - Parcel "A", Bynum Run Business Center" which plat is recorded among the Land Records of Harford County in Liber C.G.H. No. 104, folio 70.
The improvements being known as 350 Granary Road.
BEING that same and all the land described in and conveyed by a Deed dated November 29, 2001 from Bynum Run, LLC unto JLT Properties, LLC and recorded among the Land Records of Harford County in Liber C.G.H. No. 3783, folio 0322.
The Property is believed to be improved by a building constructed in 2004, containing 9,000 +/- sq./ft. of office space within a two-story section of the building, and containing an additional 13,500 +/- sq./ft. of warehouse space within a connected one-story section of the building. The ceiling height for the warehouse section is 16' and the warehouse contains five (5) drive-in loading doors. The Property is situated on 1.3 acres and is currently configured for 39 parking spaces, plus an area for truck parking on the westerly side of the building. The Property is located within a GI (General Industrial) zoning district. The tax account number for the Property is 03-355373.
Summary terms of sale: A deposit in the amount of One Hundred Thousand Dollars ($100,000.00), payable in cash, certified check or other form acceptable to the Trustees, will be required of the purchaser at the time and place of the sale of the Property. The balance of the purchase price shall be due in cash or by certified check with interest on the unpaid balance of the purchase price at the rate of ten percent (10%) per annum from the date of sale to and including the date of settlement. In the event the Noteholder, its servicer, affiliate, or designee, or an assignee of any of them, is the successful bidder at the sale, such party will not be required to make a deposit or to pay interest on the unpaid purchase money. Taxes, water rent and all other municipal charges and liens owed against the Property shall be the responsibility of the purchaser and shall be paid by the purchaser at settlement. In addition, all other charges, expenses and liens owed against the Property (if any) including, without limitation, any condominium fees and expenses and public charges and assessments owed against the Property and payable on a periodic basis, such as sanitary and/or metropolitan district charges shall also be the responsibility of the purchaser and shall be paid by the purchaser at settlement. In the event taxes or other municipal charges owing on or with respect to the Property have been prepaid they shall be adjusted at settlement between the Trustees and the purchaser to the date of the foreclosure sale. The cost of all documentary stamps, recordation taxes, document preparation and transfer taxes is to be paid by the purchaser. The Trustees reserve the right to reject any and all bids, and to extend the time for settlement, if applicable.
The Property will be sold in an "AS IS" condition and without any warranties or representations, either express or implied, as to the nature, condition or description of the improvements. In addition, the Property will also be sold subject to all existing housing, building and zoning code violations, subject to all critical area and wetland violations, subject to all environmental problems and violations which may exist on or with respect to the Property, and subject to all matters and restrictions of record affecting the same (if any). The purchaser at the foreclosure sale shall assume the risk of loss for the above-referenced Property immediately after the sale takes place. It shall be the purchaser's responsibility to obtain possession of the Property following ratification of the sale by the Circuit Court for Harford County, Maryland.
The Property will be sold subject to all easements, conditions, liens, taxes, restrictions, rights of redemption, covenants, encumbrances, and agreements of record, and such state of facts that an accurate survey or physical inspection of the Property might disclose (if any) that are not otherwise extinguished by operation of law.
The purchaser shall pay all state and local transfer taxes, recordation taxes and fees, title examination costs, attorneys' fees, conveyance fees and all other incidental settlement costs. The purchaser shall settle and comply with the sale terms within twenty (20) days following the final ratification of sale by the Circuit Court for Harford County, Maryland, unless said period is extended by the Trustees for good cause shown. Time is of the essence. Unless the Trustees otherwise agree, settlement shall be held at the offices of Rosenberg | Martin | Greenberg, LLP, 25 South Charles Street, Suite 2115, Baltimore, Maryland 21201.
In the event the purchaser fails to go to settlement as required, in addition to any other legal or equitable remedies available to them, the Trustees may, without further order of the court, declare the aforementioned deposit forfeited and resell the Property at the purchaser's risk and expense. In such event, the defaulting purchaser shall be liable for the payment of any deficiency in the purchase price, all costs and expenses of both sales, reasonable attorneys' fees, all other charges due, and incidental damages. In the event a resale of the Property results in a sale in excess of the amount originally bid by the defaulting purchaser, the defaulting purchaser waives any and all claims, rights and interest to any such excess amount and shall not be entitled to any distribution whatsoever from the resale proceeds. The parties' respective rights and obligations regarding the terms of sale and the conduct of the sale shall be governed by and interpreted according to the laws of the State of Maryland.
If the Trustees are unable to convey the Property as described above, the purchaser's sole remedy at law or in equity shall be limited to the refund of the aforementioned deposit, without interest thereon. Upon refund of the deposit to the purchaser, the sale shall be void and of no effect, and the purchaser shall have no further claim against the Trustees or the Noteholder.
The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. The Auctioneer, the Noteholder and the Trustees do not make any representations or warranties with respect to the accuracy of this information.
The Property will be sold in an "AS IS" condition and without any warranties or representations, either express or implied, as to the nature, condition or description of the improvements. In addition, the Property will also be sold subject to all existing housing, building and zoning code violations, subject to all critical area and wetland violations, subject to all environmental problems and violations which may exist on or with respect to the Property, and subject to all matters and restrictions of record affecting the same (if any). The purchaser at the foreclosure sale shall assume the risk of loss for the above-referenced Property immediately after the sale takes place. It shall be the purchaser's responsibility to obtain possession of the Property following ratification of the sale by the Circuit Court for Harford County, Maryland.
The Property will be sold subject to all easements, conditions, liens, taxes, restrictions, rights of redemption, covenants, encumbrances, and agreements of record, and such state of facts that an accurate survey or physical inspection of the Property might disclose (if any) that are not otherwise extinguished by operation of law.
The purchaser shall pay all state and local transfer taxes, recordation taxes and fees, title examination costs, attorneys' fees, conveyance fees and all other incidental settlement costs. The purchaser shall settle and comply with the sale terms within twenty (20) days following the final ratification of sale by the Circuit Court for Harford County, Maryland, unless said period is extended by the Trustees for good cause shown. Time is of the essence. Unless the Trustees otherwise agree, settlement shall be held at the offices of Rosenberg | Martin | Greenberg, LLP, 25 South Charles Street, Suite 2115, Baltimore, Maryland 21201.
In the event the purchaser fails to go to settlement as required, in addition to any other legal or equitable remedies available to them, the Trustees may, without further order of the court, declare the aforementioned deposit forfeited and resell the Property at the purchaser's risk and expense. In such event, the defaulting purchaser shall be liable for the payment of any deficiency in the purchase price, all costs and expenses of both sales, reasonable attorneys' fees, all other charges due, and incidental damages. In the event a resale of the Property results in a sale in excess of the amount originally bid by the defaulting purchaser, the defaulting purchaser waives any and all claims, rights and interest to any such excess amount and shall not be entitled to any distribution whatsoever from the resale proceeds. The parties' respective rights and obligations regarding the terms of sale and the conduct of the sale shall be governed by and interpreted according to the laws of the State of Maryland.
If the Trustees are unable to convey the Property as described above, the purchaser's sole remedy at law or in equity shall be limited to the refund of the aforementioned deposit, without interest thereon. Upon refund of the deposit to the purchaser, the sale shall be void and of no effect, and the purchaser shall have no further claim against the Trustees or the Noteholder.
The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. The Auctioneer, the Noteholder and the Trustees do not make any representations or warranties with respect to the accuracy of this information.
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Note: The information contained herein was obtained from sources deemed reliable, but is offered for informational purposes only. The Auctioneer, the Sellers, and their respective agents and representatives do not make any representations or warranties with respect to the accuracy of the information contained herein. Prospective purchasers are urged to make their own inspection.
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