"Forest Heights" Commercial Building


Listing Details

Sold Price
Auction Date
Auction Time
11:00 AM
5605 Livingston Road, Prince George's County, MD 20745, Sale To Be Held: Courthouse Steps, Circuit Court for Prince George's County
Sale To Be Held: Courthouse Steps
Oxon Hill, Forest Heights,
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Cohen and Forman, Solicitors
334 St. Paul Place
Baltimore, MD 21202



Known As
Oxon Hill, MD 20745
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Sale to Be Held
Circuit Court for Prince George's County
14735 Main Street

Upper Marlboro, MD 20772
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AT 11:00 A.M.

        Under and by virtue of the power of sale contained in a certain Deed of Trust from Disabled Workers of America to the Trustee therein, dated January 12, 2006, and recorded among the Land Records of Prince George's County, in Liber 24504, Page 73, the holder of the indebtedness secured thereby having appointed David H. Cohen and W. Scott Tinney to act as Substitute Trustees, in place and stead of the aforementioned Trustee, 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 as noted above, 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 Deed of Trust.

        According to public tax records, the property is improved by a one story commercial building, constructed in 1958 and containing 1,204 square feet of gross building area; lot size 0.20 acre; full value assessment $435,300.  The property is located in a CO, Commercial-Office zoning district.

        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.

        The property will be sold subject to a prior Deed of Trust, dated January 12, 2006, in the original principal amount of $110,000.  The amount due thereon will be announced at time of sale.

        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 Prince George's 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 sale to date of settlement.  If settlement is delayed for any reason, there will be no abatement of interest.  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.  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, including a $300 document review fee by the Seller's attorney, to be paid by the purchaser.  Time shall be of the essence for the purchaser.

No Buyers Premium

David H. Cohen, W. Scott Tinney,
Substitute Trustees