"Edgemere" Residential Lot

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Listing Details

Sold Price
$55,000
Auction Date
Auction Time
10:00 AM
Address
3105 Lynch Road, Baltimore County, MD, 21219
County
Baltimore County
Neighborhood
Edgemere
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Paul J. Cohen, Solicitor
100 Owings Court - Suite 3
Reisterstown, MD 21136

SUBSTITUTE TRUSTEE'S AUCTION
                      
EDGEMERE


RESIDENTIAL LOT

Known As
3105 LYNCH ROAD
Off North Point Road
Baltimore County, MD 21219
Directions to the property

Sale to Be Held On Courthouse Steps
Circuit Court for Baltimore County
BOSLEY AVENUE ENTRANCE
401 Bosley Avenue, Towson, MD 21204
Directions to the courthouse

TUESDAY, JANUARY 19, 2010
AT 10:00 A.M.


        Under and by virtue of the power of sale contained in a certain Deed of Trust from James L. Gay, Jr. and Carol L. Gay to the Trustees therein, dated March 3, 1987, and recorded among the Land Records of Baltimore County, in Liber 7434, Page 658, the holder of the indebtedness secured thereby having appointed Paul J. Cohen to act as Substitute Trustee, in place and stead of the aforementioned Trustees, 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, as the Circuit Court for Baltimore County, the following:


        All those fee simple lots of ground and the improvements thereon, situate and lying in Baltimore County, State of Maryland and being more fully described in the above-referenced Deed of Trust, saving and excepting therefrom those portions of the property conveyed as 3103 and 3107 Lynch Road. The residual property, comprising 3105 Lynch Road, is also known as Lot No. 2, on the Plat entitled "Final Subdivision Plat, Resubdivision of Lots No. 39 through 45, Block E", said plat being recorded in Plat Book 78, Page 420, among the Land Records of Baltimore County, Maryland.


        The site appears to be a rectangular configuration, fronting approximately 62.3' by a depth of 150', comprising 9,345 square feet or 0.214 acre. The property is believed to be unimproved, located in a DR 5.5, residential zoning district and served by public water and sewer.


        SUBDIVISION PLAT (pdf)


        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.


        TERMS OF SALE:  A $5,000 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 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 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 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, 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.


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Paul J. Cohen, Substitute Trustee