"Cockeysville" Well Located Commercial Parcel


Listing Details

Sold Price
Auction Date
Auction Time
11:00 AM
49 Scott Adam Road, Baltimore County, MD, 21030
Baltimore County
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Ronald B. Katz, Solicitor
11403 Cronridge Drive - Suite 230
Owings Mills, MD 21117




Sale On Premises
(Off York Road)
Baltimore County, MD 21030

MONDAY, JULY 12, 2010
AT 11:00 A.M.

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        Under and by virtue of the power of sale contained in a certain Deed of Trust from 49 Sar L.L.C. to Trustees, dated June 1, 2006, and recorded among the Land Records of Baltimore County, Md., in Liber 26350 Folio 456,  the holder of the indebtedness secured thereby having appointed Ronald B. Katz, as Substitute Trustee, default having occurred thereunder, the undersigned Substitute Trustee will sell at Public Auction the following:

        All that fee simple parcel of ground situate and lying in Baltimore County, Maryland and being more fully described in the aforementioned Deed of Trust.

        The property comprises 0.94-acre, more or less, and is located on the south side of Scott Adam Road, approximately 525 feet east of York Road and opposite Baltimore County Fireman Association Building located at 52 Scott Adam Road.  The parcel is heavily wooded.  The property is in very close proximity to shopping centers, automotive and office buildings.


        TERMS OF SALE:  A deposit by certified check or cashier's check of $3,500 shall  be required of the purchaser at time and place of sale. Deposit to be increased to 10% of the purchase price within 24 hours at the offices of the Auctioneer. 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  Trustee.  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 Deed of Trust Note 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 easements, agreements, restrictions or covenants of record affecting same, if any.   If the  Substitute Trustee  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 a 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  Trustee, Noteholder, or Auctioneer.  Cost of all documentary stamps, transfer taxes, and all other costs incident to settlement to paid by purchaser.  Time shall be of the essence for the purchaser.  Risk of loss on the purchaser from date of sale.

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Ronald B. Katz, Substitute  Trustee