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TRUSTEES' SALE: UNIMPROVED PARCEL OF LAND COMPRISING APPROXIMATELY 65 ACRES IN "NEWBURG"
9675 Cliffton Dr., Newburg, MD 20664
Auction to be held at: The Circuit Court for Charles Co., at the New Court House Entrance, Parking Lot Side of Building, La Plata, MD.
ALL THAT FEE-SIMPLE LOT OF GROUND situated in Charles County, MD and described as Tax ID No. 05-022266 and more fully described in an Indemnity Mortgage dated June 30, 2005 and recorded in Liber 5335, folio 319 among the Land Records of Charles County, MD.
9675 Cliffton Dr. (Tax ID Nos. 05-022266) is approx. 65 acres.
9675 Cliffton Dr. (Tax ID Nos. 05-022266) is approx. 65 acres.
Summary terms of sale: A deposit of $49,000 in the form of certified check or cashier's check, at the time of sale will be required of all purchasers other than the holder of the Indemnity Mortgage or an affiliate. The deposit must be increased to 10% of the purchase price within 24 hours at the office of the auctioneer. The balance of the purchase price is to be paid in immediately available funds, within fifteen (15) days after the final ratification of sale by the Circuit Court for Charles County. If payment of the balance does not take place within fifteen (15) days after ratification, the deposit will be forfeited and the property will be resold at the risk and expense of the defaulting purchaser. The defaulting purchaser shall not be entitled to any surplus proceeds or profits resulting from any resale of the property. In the event the property is purchased by someone other than the mortgage holder or an affiliate, interest shall be paid on the unpaid purchase money at the rate of 6.50% per annum from date of sale to the date funds are received in the office of the Trustee. In the event the settlement is delayed for any reason and the property is purchased by someone other than the mortgage holder or an affiliate, there shall be no abatement of interest caused by the delay. Taxes, water, sewer, ground rent, condominium fees, and/or homeowners association dues, if applicable, to be paid current and assumed thereafter by the purchaser. All other public charges and assessments payable on an annual basis, including sanitary and/or metropolitan district charges are to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. Cost of all documentary stamps, recordation taxes and transfer taxes shall be borne by the purchaser. Purchaser agrees to pay $500.00 at settlement to the Seller's attorney for review of the settlement documents and an additional fee of $750.00 for review of any motion which may be subsequently filed with the Court to substitute a purchaser herein.
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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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