"Clarksville" 4.08 Acre Residential Lot

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Listing Details

Sold Price
$60,000
Auction Date
Auction Time
11:00 AM
Address
North Hopkins Way, Howard County, MD, 21029
County
Howard County
Neighborhood
Clarksville
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Richard G. Solomon, Solicitor
401 N. Washington St. - Ste. 950
Rockville, MD 20850

SUBSTITUTE TRUSTEE'S SALE
                        
CLARKSVILLE

RESIDENTIAL LOT
4.08 Acres  Zoned RR-DEO

Known As
NORTH HOPKINS WAY
Tax Map 41, Parcel 42, PAR 2
Tax Acct. #05-437237

Sale To Be Held
END OF HOPKINS WAY
Off 11400 Old Hopkins Rd.
HOWARD CO., MD 21029

WEDNESDAY, MARCH 5, 2008
AT 11:00 A.M.

For directions from your location, visit: maps.live.com

            Under and by virtue of the power of sale contained in a certain Deed of Trust from Dr. Bradley S. Daines to Carol A. Schroyer, Trustee, dated March 11, 2003, and recorded among the Land Records of Howard County, in Liber 6979, folio 116, the holder of the indebtedness secured thereby having appointed Richard G. Solomon to act as Substitute Trustee, in place and stead of Roger J. Pedersen, Substitute Trustee and 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 Trustee 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 Howard County, State of Maryland, and being more fully described in the above referenced Deed of Trust.

            The subject property comprises an unimproved residential parcel comprising 4.08 acres, zoned RR-DEO (Rural Conservation, Density Exchange Option).  The property is identified in Tax Map 41, Grid 10, Parcel 42, as Lot 2 (PAR 2). The property is situated adjacent to the east of 7357 Hopkins Way.  

DEED MOSAIC PLAT (pdf)

For zoning information, see Howard County Planning and Zoning Web Site.

            TERMS OF SALE:  A $25,000 deposit, payable by certified check or cashier's check, will be required of the purchaser at time and place of sale.  The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers.  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 Howard County at the offices of the Substitute Trustee.  If payment of the balance does not take place within the specified time, the deposit will 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 foreclosed 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.  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 Trustee, 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 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 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 recordation and transfer taxes to be paid by the purchaser.  Time shall be of the essence for the purchaser.

Richard G. Solomon, Substitute Trustee

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