"Aberdeen"

Two Story Home
Arranged for 5 Apartment Units
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Listing Details

Sold Price
$170,000
Auction Date
Auction Time
11:00 AM
Address
136 S. Parke Street, Aberdeen, MD, 21001
County
Harford County
Neighborhood
Aberdeen
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Ronald B. Katz, P.A.
11403 Cronridge Drive, Suite 230
Owings Mills, MD 21117-2219

SUBSTITUTE TRUSTEES' AUCTION

ABERDEEN

TWO STORY HOME
Arranged for
5 Apartment Units

Sale On Premises
136 S. PARKE STREET
Corner Market Street
Harford County, MD 21001

WEDNESDAY, OCTOBER 19, 2016
AT 11:00 A.M.

    Under and by virtue of the power of sale contained in a certain Money Loaned Deed of Trust (the "Deed of Trust") from Philip F. Perreault to the Trustees therein, dated January 10, 2008, and recorded among the Land Records of Harford County, Maryland, in Liber JJR 7672, Page 127, the holder of the indebtedness secured thereby having appointed the undersigned 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, on the premises, the following:

    All that fee simple lot of ground and the improvements thereon, situate and lying in Harford County, State of Maryland and being more fully described in the above-referenced Deed of Trust;  lot size 65' x 180', more or less.

    The property is improved by a two story aluminum sided home, constructed in 1919, containing 2,957 square feet of living area and 1,579 square feet of basement space, according to published tax records.  The home is believed to contain one efficiency apartment unit, three one-bedroom apartments and one two-bedroom unit, each with separate entrance; gas hot water heat; three-car detached garage.

    NOTE:  The information contained herein has been obtained from sources deemed reliable and is believed to be accurate.  However, no express or implied warranty is made or may be inferred from any such representation.  Dimensions, square footage and acreage contained herein are more or less.  Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

    TERMS OF SALE:  A $10,000 deposit, payable by certified check or 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 Auctioneer's Office.  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 Harford 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 and 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 Note executed in connection with the foreclosed Deed of Trust, from date of contract to date of settlement. All adjustments as of date of contract.  Taxes and all other public charges and assessments payable on a monthly or annual basis, including sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract 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 easements, agreements, restrictions or covenants of record affecting same, if any.  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 contract 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

Ronald B. Katz and Eric A. Hartlaub,
Substitute Trustees