"Upper Marlboro - Little Washington"

Cape Cod Style Home
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Listing Details

Sold Price
$86,000
Auction Date
Auction Time
11:00 AM
Auction Note
Sale to Be Held: Main Door - County Courthouse, Circuit Court for Prince George's County, 14735 Main St, Upper Marlboro, MD 20772
Address
9106 Lincoln Avenue, Upper Marlboro, MD, 20774
County
Prince George's County
Neighborhood
Upper Marlboro, Little Washington
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

ASSIGNEE'S AUCTION

UPPER MARLBORO

"Little Washington"

CAPE COD-STYLE HOME

Known As
9106 LINCOLN AVENUE
Prince George's County, MD 20774

Sale to Be Held:
Main Door - County Courthouse
Circuit Court for Prince George's County
14735 Main St, Upper Marlboro, MD 20772
Get directions from Google Maps

TUESDAY, JULY 19, 2016
AT 11:00 A.M.

    Under and by virtue of the power of sale contained in a certain Open-End Mortgage and Security Agreement - Adjustable Rate Mortgage from William O. Young, dated June 26, 2007, and recorded among the Land Records of Prince George's County, Maryland, in Liber 28359, folio 007, said Mortgage having been assigned to Jordan M. Spivok for foreclosure purposes, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Mortgage Assignee 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 Prince George's County, State of Maryland and being more fully described in the above-referenced mortgage.

    The improvements are believed to comprise a one and one-half story formstone and siding home, with covered front porch and fenced yard.  According to published tax records the home was built in 1948, contains approximately 1,278 square feet of living area and full bathroom; lot size 0.50 acre, more or less.

    TERMS OF SALE:  A $10,000 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 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 Prince George's County at the offices of the undersigned Assignee.  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 foreclosed Mortgage (or modification thereof), from date of contract to date of settlement.  If settlement is delayed for any reason, there will be no abatement of interest.  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 Assignee, 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 Assignee is 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 Assignee, 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.

    Authority to cancel this sale rests solely with the Assignee 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 Assignee reserves: (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.

No Buyer's Premium

Jordan M. Spivok, Assignee