Law Offices of
Richard B. Stofberg, LLC
Sun Life Building, Suite 318
20 S. Charles Street
Baltimore, MD 21201

GUARDIAN'S AUCTION
- MD Eastern Shore -


OCEAN PINES

3 BEDROOM RANCHER

REMAINING HOUSEHOLD
FURNITURE & EFFECTS


Photos of auction property
FRONT VIEW      YARD      SHED

Sale On Premises
142 WINDJAMMER ROAD
Berlin, Worcester County, MD 21811

THURSDAY, JUNE 8, 2006AT 12 NOON

LOCATION:

Ocean Pines is situated on Maryland's Lower Eastern Shore, along the west side of Assawoman Bay and about five miles west of Ocean City. Community amenities include golf, racquet sports, yacht club and marina, dining facilities, social events, beach club and neighborhood shopping. Some amenities require separate membership. Conveniently located at MD Routes 90 and 589, Ocean Pines is less than three hours drive from Baltimore, Washington or Annapolis.

Photo of

Ocean Pines Community Association link:
http://www.oceanpines.org/

LOCATION MAP & DIRECTIONS

HOUSE:

One story vinyl siding rancher, constructed in 1995, has composition shingle roof, double hung windows, screened porch, 2 decks and 3-car driveway. Home contains a living room with fireplace, dining room, kitchen with appliances, 3 bedrooms, 2 baths and laundry room.

Mechanical/Utilities - electric forced hot air heat, central air conditioning; gas, electricity, public water and sanitary sewer are believed to be in the property.

Interior Photos:
Photos of auction property
KITCHEN     BEDROOM PHOTO #1     BEDROOM PHOTO #2
OFFICE/BEDROOM PHOTO #1      PHOTO #2

SITE:

Fenced, rectangular lot, near golf course, comprises 0.22 acre, more or less.

TAX MAP

TAXES:

Approximately $1,311 in 2005

HOA:

The property is subject to the Declaration and Bylaws of the Ocean Pines Association, Inc., a homeowner's association. A resale package will be provided to prospective purchasers and will be available for inspection at the auction. The HOA fee is currently $575 per year.

INSPECTION:

From 11:00 a.m. on day of sale.

TERMS OF SALE:

A $15,000 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. Balance to be paid in cash within 45 days. 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 of 12% per annum, from date of sale to date of settlement. All adjustments, including taxes, homeowners association fees, all other public charges and assessments payable on an annual basis, and 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, and subject to easements, agreements, restrictions or covenants of record affecting same, if any, including the Declaration and Bylaws of the Ocean Pines Association, Inc. (and/or any other applicable homeowner's association). The purchaser waives the right of rescission as provided under the Maryland Homeowner's Association Act. Purchaser assumes the risk of loss from the date of sale forward. If the Seller 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 Seller or Auctioneers. Recordation costs and transfer taxes to be paid by the purchaser. Time is of the essence.

NO BUYER'S PREMIUM.

Broker Participation is invited.
BROKER REGISTRATION FORM


Personal Property

       Remaining personal property, including living room, dining room, kitchen and bedroom furniture, and decorations will be sold after the Real Estate AS AN ENTIRETY ONLY - NO DETAIL SALE. Terms: Cash or approved check. Immediate removal required pursuant to pre-sale announcement.

Auction by order of:
Richard B. Stofberg, Guardian of the
Property of Amy Margaret Schmand