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SUBSTITUTE TRUSTEE'S SALE: VALUABLE UNDEVELOPED 5.49 +/- ACRE PROPERTY LOT IN "UNION BRIDGE"
Situated on Bark Hill Rd., Union Bridge, MD 21791
Auction to be held at: The steps of the Courthouse of the Circuit Court for Carroll County, 55 North Court Street, Westminster, Maryland 21157
ALL that 5.49 acres of land, more or less, more particularly described in a Deed of Off-Conveyance dated April 20, 2006 and recorded among the Land Records of Carroll County, Maryland in Liber 4837, folio 299, less the acreage released pursuant to and described in a Partial Release recorded among the Land Records of Carroll County, Maryland, in Liber 5740 page 0068.
Summary terms of sale: A deposit of Ten Thousand Dollars ($10,000.00), payable in cash or certified check, will be required of the Purchaser(s) at the time and place of sale. The balance of the purchase price shall be due upon settlement, which shall occur within twenty (20) days following the final ratification of the sale by the Circuit Court for Carroll County, Maryland; however, the Substitute Trustee reserves the right to extend the time for settlement. Time is of the essence. The Substitute Trustee reserves the right to reject any and all bids.
Interest shall be paid by the Purchaser(s) on the unpaid purchase money at the rate of 6 percent (6%) per annum from the date of sale to the date of settlement. In the event the Lender or an affiliate of the Lender is the successful bidder at the sale, the Lender or the affiliate of the Lender will not be required to make a deposit or to pay interest on the unpaid purchase money. Taxes (including, without limitation, any taxes due and owing as a result of any tax sale(s), personal property taxes or otherwise), water rent, and all municipal charges and liens owed against the Property shall be the responsibility of the Purchaser(s) and shall be paid by the Purchaser(s) at settlement. In addition, all other charges, expenses and liens owed against the Property including, but not limited to, all public charges and assessments owed against the Property and payable on an annual basis, such as sanitary and/or metropolitan district charges, if any, shall also be the responsibility of the Purchaser(s) and shall be paid by the Purchaser(s) at settlement. The cost of all documentary stamps, recordation taxes, document preparation and transfer taxes shall also be paid by the Purchaser(s).
Interest shall be paid by the Purchaser(s) on the unpaid purchase money at the rate of 6 percent (6%) per annum from the date of sale to the date of settlement. In the event the Lender or an affiliate of the Lender is the successful bidder at the sale, the Lender or the affiliate of the Lender will not be required to make a deposit or to pay interest on the unpaid purchase money. Taxes (including, without limitation, any taxes due and owing as a result of any tax sale(s), personal property taxes or otherwise), water rent, and all municipal charges and liens owed against the Property shall be the responsibility of the Purchaser(s) and shall be paid by the Purchaser(s) at settlement. In addition, all other charges, expenses and liens owed against the Property including, but not limited to, all public charges and assessments owed against the Property and payable on an annual basis, such as sanitary and/or metropolitan district charges, if any, shall also be the responsibility of the Purchaser(s) and shall be paid by the Purchaser(s) at settlement. The cost of all documentary stamps, recordation taxes, document preparation and transfer taxes shall also be paid by the Purchaser(s).
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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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