"Nottingham"

Freestanding Brick Commercial Building
Known as "Manila Seafood & Market"
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Listing Details

Sold Price
$217,000
Auction Date
Auction Time
11:15 AM
Auction Note
Sale To Be Held: Main Entrance - Courthouse Steps, Circuit Court for Baltimore County, 401 Bosley Ave., Towson, MD 21204
Address
8836 Belair Road, Nottingham, MD, 21236
County
Baltimore County
Neighborhood
Nottingham
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Jordan M. Spivok, Solicitor
Protas, Spivok & Collins, LLC
4330 East West Highway, Suite 900
Bethesda, Maryland 20814

SUBSTITUTE TRUSTEES' SALE

NOTTINGHAM

Freestanding Brick
COMMERCIAL BUILDING
Known as "Manila Seafood & Market"

8836 BELAIR ROAD
1/4 Mile South of E. Joppa & Ebenezer Roads
Baltimore County, MD 21236

Sale to be Held
Main Entrance - Courthouse Steps
Circuit Court for Baltimore County
401 Bosley Ave., Towson, MD 21204
Get directions from Google Maps

THURSDAY, SEPTEMBER 24, 2015
AT 11:15 A.M.

    Under and by virtue of the power of sale contained in a certain Credit Line Deed of Trust from Irene I. Yao (a/k/a Irene Yao-Regino) and Jose A. Regino to the Trustees therein, dated December 24, 2012, and recorded among the Land Records of Baltimore County, Maryland on December 28, 2012 in Book 032978, Page 053, the holder of the indebtedness secured thereby having appointed Jordan M. Spivok and Philip J. Collins to act as Substitute Trustees, in place and stead of the aforementioned Trustees, by instrument duly executed, acknowledged and recorded among the Land Records aforesaid, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Substitute Trustees will sell at Public Auction, at the Courthouse, the following:

    All that fee simple lot of ground and the improvements thereon, situate and lying in Baltimore County, State of Maryland, and being more fully described in the above referenced Credit Line Deed of Trust; lot size 0.42 acre, more or less.

    The property is improved by a one and one-half story brick freestanding building with detached garage. According to public tax records the building was constructed in 1938, contains 1,511 square feet of gross building area and 1,056 square feet of basement space. The property features a curb cut on Belair Road, and surface parking for approximately 11 vehicles, and is believed to be arranged as a restaurant and grocery store. Building is believed to be zoned BL, business local.

    NOTE:  The information contained herein and available on the Auctioneer's web site has been obtained from sources deemed reliable and is believed to be substantially accurate, but is offered for informational purposes only.  However, the Auctioneers, the Substitute Trustees, and the party secured by the Deed of Trust do not make any representations or warranties with respect to the accuracy of the information contained herein or in any of the information and materials made available to prospective purchasers and no express or implied warranties or representations may be inferred.  All dimensions, square footage, acreage and other measurements, if any, are approximate.  Building area shown is gross building area and approximate.

    TERMS OF SALE:  A $20,000 deposit, payable by cashier's check, will be required of the purchaser at time and place of sale.  The deposit shall be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers.  The holder of the indebtedness, if a bidder at the sale, shall not be required to post a deposit. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Baltimore County at the offices of the Substitute Trustees.  If payment of the balance does not take place within the specified time, the deposit shall be forfeited, or the property may be resold at the risk and expense of the purchaser.  Interest to be charged on the unpaid purchase money, at the rate stated in the noted executed in conjunction with the foreclosed Deed of Trust, from date of sale to date of settlement.  All adjustments as of date of sale. Taxes and all other public charges and assessments payable on an annual basis, including sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser.  The property will be sold in "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to the existing zoning, easements, agreements, restrictions or covenants of record affecting same, if any.  All dimensions contained herein are more or less.  Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of sale forward.  The purchaser waives and releases the Substitute Trustees, the holder of the indebtedness, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. 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 this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Substitute Trustees, the holder of the indebtedness or Auctioneers.  Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser. Time shall be of the essence for the purchaser.  No Buyer's Premium.

    Authority to cancel this sale rests solely with the Substitute Trustees and/or the Auctioneer. Prospective buyers should disregard all other statements and comments made by any other person or entity regarding minimum bids, pricing and cancellations of the sale. Additional terms may be announced at the time of sale. The Substitute Trustees reserve: (1) the right to accept or reject any or all bids; (2) the right to modify or waive the requirements for bidders' deposits and terms of sale and/or settlement; (3) the right to withdraw the Property from the sale before acceptance of the final bid; and (4) the right to cancel or postpone the sale.

Jordan M. Spivok and Philip J. Collins,
Substitute Trustees