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Go Back WednesdayFebruary 22, 2017 — 12:00pm


Substitute Trustees’ Sale: 1-Story Retail Building Containing Approximately 2,100 +/- SF of Rentable Area in “Glen Burnie”

7998 Crain Highway South, Glen Burnie, MD 21061

Location: On the Premises

Sale to be held on the premises

CLICK HERE TO VIEW INFORMATION PACKAGE

All that tract or parcel of land situate, lying and being in Anne Arundel County, Maryland, with all improvements thereon, if any, and more particularly described as follows (collectively, the “Property”):

BEGINNING FOR THE SAME at a point on the northwest side of Crain Highway, 150' wide, where it is intersected by the North 57 degrees 31' West 250.80 foot line of the land conveyed by Robert E. Kindred, Trustee, to Linton A. Pumphrey and Emma W. Pumphrey, his wife, by Deed dated December 31, 1945, and recorded among the Land Records of Anne Arundel County, Maryland in Liber J.H.H. No. 348, folio 182; thence leaving said point of beginning, and leaving said road and running with and binding along a part of said line with bearings referred to the magnetic meridian as established by Edward Hall, III in 1965, North 55 degrees 29’ 20" West 228.23 feet to a point at the end of the South 15 degrees 34' West 695.60 foot line of the land conveyed by Rose Justus, widow to Linton B. Pumphrey and Ilse M. Pumphrey, his wife, by Deed dated March 1, 1950 and recorded among the Land Records in Liber  J.H.H. 562, folio 325; thence leaving the first mentioned line and running for a new line of division, South 33 degrees 48' 40" West 95.78 feet to a point in the South 58 degrees 32' East 280.41 foot line of the land conveyed by Linton A. Pumphrey and Emma W. Pumphrey, his wife, by Deed dated July 21, 1959 and recorded among the aforesaid land records in Liber 1314, folio 239; thence running with and binding along a part of said line, with bearings corrected for magnetic variation, South 57 degrees 02' 20" East 212.08 feet to a point on the northwest side of Crain Highway; thence running with and binding along said highway, 91.29 feet northeasterly along the arc of a curve deflecting to the right having a radius of 5804.58 feet to the place of beginning. Containing in all 0.47 acres of land, more or less; together with the use of a fifteen foot right-of-way described as follows:

BEGINNING FOR THE SAME at a point on the northwest side of Crain Highway 150' wide where it is intersected by the North 57 degrees 31' West 250.80 footline of the conveyance to Linton A. Pumphrey and Emma W. Pumphrey, his wife, or as from Robert E. Kindred, Trustee, recorded among the Land Records of Anne Arundel County in Liber J.H.H. No. 348, folio 182, thence from said point of beginning so fixed, and running with and binding on the northwest side of said highway along a curve bearing to the right having a radius of 5804.58 feet a distance of 10.18 feet; thence leaving said road and running through a part of the land conveyed to Linton B. Pumphrey and Ilse M. Pumphrey by deed dated March 21, 1950 and recorded among the Land Records of Anne Arundel County in Liber 562, folio 325, parallel to and 10.0 feet from the South 57 degrees 31' East 250.80 foot line of said deed, North 55 degrees 29' 20" West 233.21 feet to a point in the South 15 degrees 34' West 694.60 foot line of said deed; thence running with part of said line, South 17 degrees 31' 50" West 10.45 feet to the end thereof; thence South 33 degrees 48' 40" West 5.00 feet to a point; thence running parallel to and 5.0 feet from the North 57 degrees 31' West 250.80 foot line of the land conveyed to Linton A. Pumphrey and Emma W. Pumphrey, his wife, South 55 degrees 29' 20" East 227.33 feet to intersect the northwest side of Crain Highway.

SAVING AND EXCEPTING THEREFROM so much of the above described property that was conveyed from Linton B. Pumphrey and Mary Mae Pumphrey Ridge and Emma Rose Pumphrey Adams, to The State of Maryland to the use of The State Department of Highway Administration of the Department of Transportation by Deed dated September 17, 1986 and recorded among the Land Records of Anne Arundel County in Liber 4178, folio 401.

BEING THE SAME PROPERTY as described in a Deed dated August 20, 1997 and  recorded among the Land Records of Anne Arundel County in Book 8034, Page 376.

Tax ID No. 04-000-90050913

The improvements more commonly known as 7998 Crain Highway South, Glen Burnie, MD 21061.          

The Property is believed to be improved by a 1-story retail building that contains approximately 2,100 +/- square feet of rentable area located at 7998 Crain Highway South, Glen Burnie, Maryland 21061. The Property is believed to be currently leased by the Redolent Radish restaurant. The Tax Identification Number of the Property is 04-000-90050913.

Summary terms of sale: The Property will not be sold subject to any leases.  A deposit of Fifteen Thousand Dollars ($15,000.00) for the Property, payable in cash, certified check or other form acceptable to the Substitute Trustees, will be required of the purchaser(s) at the time and place of sale. The successful bidder will be required to increase the deposit to ten percent (10%) of the bid amount within five (5) business days of the date of sale by delivering certified funds to the Substitute Trustees in an amount sufficient to bring the total deposit to ten percent (10%) of the bid amount.  The balance of the purchase price shall be due at settlement in cash or by certified check together with interest on the unpaid balance of the purchase price at the rate of seven percent (7%) per annum from the date of sale to and including the date of settlement, which settlement shall occur within twenty (20) days following the final ratification of sale by the Circuit Court for Anne Arundel County, Maryland, unless said period is extended by the Substitute Trustees for good cause shown. Time is of the essence. If ratification or settlement is delayed for any reason there shall be no abatement of interest.  In the event the beneficiary under the Deed of Trust, or an affiliate thereof, is the successful bidder at the sale, such party will not be required to make a deposit, pay a buyer’s premium or to pay interest on the unpaid purchase money. 

Taxes, water and all other municipal charges and liens owed against the Property that are not otherwise extinguished as a matter of law as a result of the foreclosure sale shall be the responsibility of the purchaser and shall be paid by the purchaser at settlement.  At settlement, the purchaser shall provide all additional information and documentation reasonably requested by the Substitute Trustees and/or the Noteholder in order to comply with all applicable anti-money laundering, anti-terrorism or other applicable laws or regulations. The Substitute Trustees reserve the right to reject any and all bids, and to extend the time for settlement, at their discretion. 

The Property will be sold in an “AS IS” condition and without any warranties or representations, either express or implied, as to the nature, condition or description of the improvements.  In addition, the Property will also be sold subject to all existing housing, building and zoning code violations, subject to all critical area and wetland violations, subject to all environmental problems and violations which may exist on or with respect to the Property, and subject to all matters and restrictions of record affecting the same, if any.  The purchaser at the foreclosure sale shall assume the risk of loss for the above-referenced Property immediately after the sale takes place.  It shall be the purchaser’s responsibility to obtain possession of the Property following ratification of the sale by the Circuit Court for Anne Arundel County, Maryland and conveyance of the Property by the Substitute Trustees to the purchaser.  The Property will be sold subject to all senior liens and encumbrances that are not extinguished by operation of law or by the foreclosure sale of the Property and subject to all easements, conditions, restrictions, rights of redemption, covenants, such state of facts that an accurate survey or physical inspection of the Property might disclose, and agreements of record affecting the Property.

The purchaser shall pay at settlement all state and local transfer taxes, documentary stamps, recordation taxes and fees, title examination costs, attorneys’ fees, conveyance fees and all other incidental settlement costs.  As indicated above, the purchaser shall settle and comply with the sale terms within twenty (20) days following final ratification of sale by the Circuit Court for Anne Arundel County, Maryland, unless said period is extended by the Substitute Trustees for good cause shown.  Time is of the essence. If ratification or settlement is delayed for any reason there shall be no abatement of interest. Settlement shall be held at the offices of Gebhardt & Smith LLP, One South Street, Suite 2200, Baltimore, Maryland 21202. 

In the event the purchaser fails to go to settlement as required, in addition to any other legal or equitable remedies available to the Substitute Trustees, the Substitute Trustees may, subject to further order of the court, resell the Property and retain and apply the aforementioned deposit to any deficiency in the purchase price sustained by the Substitute Trustees and/or the Noteholder, all costs and expenses of both sales, reasonable attorneys' fees, and any other damages sustained by the Substitute Trustees and/or the Noteholder as a result of the Purchaser’s default, including, without limitation, all incidental damages.  In the event a resale of the Property results in a sale in excess of the amount originally bid by the defaulting purchaser, the defaulting purchaser waives any and all claims, rights and interest to any such excess amount and shall not be entitled to any distribution whatsoever from the resale proceeds. The parties’ respective rights and obligations regarding the terms of sale and the conduct of the sale shall be governed by and interpreted according to the laws of the State of Maryland.

If the Substitute Trustees are unable to convey the Property as described above, the purchaser’s sole remedy at law or in equity shall be limited to the refund of the aforementioned deposit, without interest thereon.  Upon refund of the deposit to the purchaser, the sale shall be void and of no effect, and the purchaser shall have no further claim against the Substitute Trustees or the Noteholder.

The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only.  The Auctioneer, the Noteholder and the Substitute Trustees do not make any representations or warranties with respect to the accuracy of this information.

Click Here For The Full Sale Terms In PDF Format


Paul Cooper Auction Agent
410-977-4707
PLEASE 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.