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SUBSTITUTE TRUSTEES' SALE: VALUABLE FEE SIMPLE REAL PROPERTY CONSISTING OF 10 PARTIALLY FINISHED RESIDENTIAL BUILDING LOTS AND RELATED H.O.A. AREAS IN "PARKVILLE"
KNOWN AS LOTS 2 THROUGH 11, INCLUSIVE, OLD HARFORD RIDGE (9000, 9002, 9004, 9005, 9006, 9007, 9008, 9009, 9010 & 9011 HOUR GLASS COURT) PLUS .0141 ACRE H.O.A. MAINTENANCE AREA AND 1.0589 ACRE H.O.A. MAINTENANCE PARCEL A.
Sale Price: $760,000
The land described in the Deed of Trust contains approximately 4.4865 acres, more or less, and is unimproved. The land consists of ten (10) partially finished, residential building lots and other parcels subject to future conveyance to a homeowners association to be formed, and a forest conservation easement to be granted to Baltimore County, as more particularly shown on the plat entitled "Subdivision Plat Old Harford Ridge," recorded among the Plat Records of Baltimore County in Plat Book SM No. 78, Page 276. The Trust Property is subject to an approved final development plan entitled "Final Development Plan Old Harford Ridge," copies of which may be publicly inspected at the Baltimore County Zoning Review Office, 111 West Chesapeake Avenue, Room 111, Towson, Maryland 21204. The Trust Property is also subject to a record plat entitled "Subdivision Plat Old Harford Ridge," recorded among the Plat Records of Baltimore County in Plat Book SM No. 78, Page 276.
Summary terms of sale: This advertisement, as amended or supplemented by any oral announcements during the conduct of the sale, constitutes the Substitute Trustees' entire terms upon which the Trust Property or any part thereof shall be offered for sale, sold or purchased. The Substitute Trustees reserve the unqualified right to withdraw the Trust Property at any time before the sale. If the Substitute Trustees determine that a final bid is not commensurate with the value of the Trust Property which is the subject of the bid, they may reject the bid and withdraw the Trust Property, which is the subject of the bid, from sale. The highest bidder acknowledged by the Substitute Trustees shall be the purchaser. If any dispute arises among the bidders, the Substitute Trustees shall have the sole and final discretion either to determine the successful bidder or to reoffer and resell the Trust Property. Prior to the commencement of the foreclosure sale, a cashier's check or certified check of One Hundred Thousand and 00/100 Dollars ($100,000.00) payable to the Substitute Trustees shall be required from each bidder, other than a bidder on behalf of the party secured by the Deed of Trust or its agents, assigns, or wholly-owned subsidiaries. All deposits will be returned immediately after the sale except the deposit of the successful bidder of the Property. The deposit of the successful bidder will be applied to the purchase price at settlement. The Substitute Trustees shall also require execution of a Memorandum of Sale immediately upon completion of the sale. The balance of the purchase price, together with interest on such balance at a rate of twelve percent (12%) per annum, from the date of sale, must be paid in cash or immediate funds wire transfer on the date of settlement. In the event that settlement is delayed for any reason, there shall be no abatement of interest.
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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. Propsective purchasers are urged to make their own inspection.
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