Go Back WednesdayFebruary 22, 2017 — 2:00pm
Substitute Trustees' Sale: 2-Story Home in Baltimore County
7217 Orth Rd., Baltimore, MD 21219
Location: To be held at The Circuit Court for Baltimore County, at the Court House Door, 401 Bosley Avenue (Main Entrance Facing Patriot Plaza), Towson, MD 21204
ALL THAT FEE-SIMPLE LOT OF GROUND AND THE IMPROVEMENTS THEREON situated in Baltimore County, MD and more fully described in the Deeds of Trust. Tax ID #15-1501020160.
The property is believed to be improved by a 2-story home containing 9 rooms (4 bedrooms), with a 2-car attached garage.
The property will be sold in an “AS IS” condition and subject to agreements, easements, covenants, conditions, restrictions, and other matters of record affecting the same, as well as existing building and/or environmental violations, if any, and with no warranty either expressed or implied as to the description of the condition of the property.
Summary terms of sale: A deposit of $7,000 in the form of certified check, cashier’s check or money order, at the time of sale will be required of all purchasers other than the holder of the Deed of Trust. The deposit must be increased to 10% of the purchase price within 2 business days after the sale, and delivered to the office of the auctioneer in the same form as the initial deposit. Balance of the purchase price is to be paid in cash within ten (10) business days of the final ratification of sale by the Circuit Court for Baltimore County. Interest to be paid on unpaid purchase money at the rate of 8% per annum from date of sale to the date funds are received in the office of the Substitute Trustees, in the event the property is purchased by someone other than the note holder. In the event the settlement is delayed for any reason and the property is purchased by someone other than the note holder, there shall be no abatement of interest caused by the delay. Taxes, water rent, ground rent, condominium fees, and/or homeowners association dues, if applicable, to be adjusted to the date of sale and assumed thereafter by the purchaser. All other public charges and assessments payable on an annual basis, including sanitary and/or metropolitan district charges to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. Cost of all documentary stamps and transfer taxes shall be borne by the purchaser. The purchaser at the foreclosure sale shall assume the risk of loss for the property immediately after the sale.
If the Substitute Trustees are unable to convey good and marketable title, the purchaser's sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit, the sale shall be void and of no effect, and the purchaser shall have no further claim against the Substitute Trustees.
If the purchaser fails to go to settlement, the deposit shall be forfeited, to the Substitute Trustees for application against all expenses, attorney’s fees and the full commission on the sale price of the above-scheduled foreclosure sale. In the event of default, all expenses of this sale (including attorney’s fees and the full commission on the gross sale price of this sale) shall be charged against and paid out of the forfeited deposit. The Substitute Trustees may then re-advertise and resell the property at the risk and expense of the defaulting purchaser or may avail themselves of any legal or equitable remedies against the defaulting purchaser without reselling the property. In the event of a resale, the defaulting purchaser shall not be entitled to receive the surplus, if any, even if such surplus results from improvements to the property by said defaulting purchaser and the defaulting purchaser shall be liable to the Substitute Trustees and secured party for reasonable attorney’s fees and expenses incurred in connection with all litigation involving the Property or the proceeds of the resale.
Note: The information contained herein was obtained from sources deemed to be reliable, but is offered for information purposes only. The Auctioneer, the Substitute Trustees, the note holder and the secured party 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.
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.