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SUBSTITUTE TRUSTEES' SALE: 4 UNIMPROVED LOTS In The Subdivision "CLIFFTON ON THE POTOMAC" IN NEWBURG
12016, 12026, 12030 & 12037 LAKESIDE CT., 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 THOSE FEE-SIMPLE LOTS OF GROUND situated in Charles County, MD and described as Tax ID Nos. 05-021782, 05-017386, 05-021812 and 05-021839 and more fully described in the aforesaid Deed of Trust and Assignment of Rents and Security Agreement.
12016 Lakeside Ct. (Tax ID Nos. 05-021782) is approx. 0.31 acre. 12026 Lakeside Ct. (Tax ID Nos. 05-017386) is approx. 0.50 acre. 12030 Lakeside Ct. (Tax ID Nos. 05-021812) is approx. 1.24 acres. 12037 Lakeside Ct. (Tax ID Nos. 05-021839) is approx. 0.41 acre.
12016 Lakeside Ct. (Tax ID Nos. 05-021782) is approx. 0.31 acre. 12026 Lakeside Ct. (Tax ID Nos. 05-017386) is approx. 0.50 acre. 12030 Lakeside Ct. (Tax ID Nos. 05-021812) is approx. 1.24 acres. 12037 Lakeside Ct. (Tax ID Nos. 05-021839) is approx. 0.41 acre.
Summary terms of sale: A deposit of $100,000 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 Deed of Trust and Assignment of Rents and Security Agreement 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 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 pursuant to the Deed of Trust and Assignment of Rents and Security Agreement note from date of sale to the date funds are received in the office of the Substitute Trustees. In the event the settlement is delayed for any reason and the property is purchased by someone other than the note 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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