TRUSTEES' SALE: SUBSTANTIALLY COMPLETED HOME, PARTIALLY COMPLETED HOME AND 15 RESIDENTIAL LOTS In The Subdivision "CLIFFTON ON THE POTOMAC"
AND 2 PARCELS OF LAND TOTALING APPROXIMATELY 45.32 ACRES
SITUATED ON RIVERVIEW DR., POTOMAC VIEW DR. & SPRINGHILL NEWTOWN RD., NEWBURG, MD 20664
March 25th @ 12:00PM to be held at The Circuit Court for Charles Co., at the New Court House Entrance, Parking Lot Side of Building, La Plata, MD. 12114 Riverview Dr. (Tax ID #05-019222), Lot size approx. 0.48 acre. The property is believed to be a partially completed 2-story home.
12115 Riverview Dr. (Tax ID #05-019435), Lot size approx. 0.36 acre.
12118 Riverview Dr. (Tax ID #05-012732), Lot size approx. 0.53 acre.
12119 Riverview Dr. (Tax ID #05-019419), Lot size approx. 0.34 acre.
12120 Riverview Dr. (Tax ID #05-014786), Lot size approx. 0.52 acre.
12123 Riverview Dr. (Tax ID #05-019389), Lot size approx. 0.34 acre.
12124 Riverview Dr. (Tax ID #05-019257), Lot size approx. 0.41 acre.
12125 Riverview Dr. (Tax ID #05-019362), Lot size approx. 0.34 acre.
12126 Riverview Dr. (Tax ID #05-019265), Lot size approx. 0.41acre.
12127 Riverview Dr. (Tax ID #05-011213), Lot size approx. 0.34 acre.
12128 Riverview Dr. (Tax ID #05-016428), Lot size approx. 0.36 acre. The property is believed to be a substantially completed one story home.
12160 Potomac View Dr. (Tax ID #05-012554), Lot size approx. 0.36 acre.
12170 Potomac View Dr. (Tax ID #05-025397), Lot size approx. 0.35 acre.
12190 Potomac View Dr. (Tax ID #05-011876), Lot size approx. 0.34 acre.
12240 Potomac View Dr. (Tax ID #05-022002), Lot size approx. 0.36 acre.
12255 Potomac View Dr. (Tax ID #05-020999), Lot size approx. 0.59 acre.
12265 Potomac View Dr. (Tax ID #05-007682), Lot size approx. 0.62 acre.
10430 Springhill Newtown Rd. (Tax ID #01-028316), Lot size approx. 5.13 acres.
Parcel 273, Springhill Newtown Rd. (Tax ID #01-028324), Lot size approx. 40.19 acres.
Manner of offering: It is anticipated that the manner of offering will be as follows:
First offering: The properties on Riverview Dr. and Potomac View Dr. will be offered individually. Deposit required of $35,000 on each of the improved properties (12114 & 12128 Riverview Dr.) and $20,000 on each of the residential lots.
Second offering: The properties on Riverview Dr. and Potomac View Dr will then be offered as entirety. Deposit required of $370,000.
Third offering: The properties on Springhill Newtown Rd. will be offered as an entirety. Deposit required of $110,000.
Fourth offering: All the property will be offered as an entirety. Deposit required of $480,000.
Summary terms of sale: The deposits as stated above will be required of all purchasers at the time of sale in the form of certified check or cashier's check other than the holder of the Indemnity Deed of Trust, Assignment of Rents and Security Agreement or an affiliate. The deposit(s) 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.
Contact Agent:
Debbie Morgan
410-828-4838
dmorgan@alexcooper.com