"Ellicott City" 5 Acre± Residential Parcel

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Listing Details

Sold Price
$190,000
Auction Date
Auction Time
2:00 PM
Address
Parcel 634, Grid 10, Tax Map 31 - Bonnie Branch Road, Howard County, MD, 21043
County
Howard County
Neighborhood
Ellicott City
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Robert B. Greenwalt, Solicitor
611 Frederick Road - Suite 201
Baltimore, MD 21228


MORTGAGEE'S AUCTION
                            
ELLICOTT CITY


5 ACRE±
RESIDENTIAL PARCEL
Zoned R20, Single Family

Sale On Premises
Parcel 634, Grid 10, Tax Map 31
BONNIE BRANCH ROAD
(Situated on Wharff Lane, off Ilchester Road)
Howard County, MD 21043

TUESDAY, MAY 19, 2009
AT 2:00 P.M.

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


        Under and by virtue of the power of sale contained in a certain Purchase Mortgage from Ronald B. Wildman to the Mortgagee therein, dated April 25, 2003, and recorded among the Land Records of Howard County, Maryland, in Liber 07120, folio 491, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Attorney for Mortgagee will sell at Public Auction, on the premises, the following:

        All that fee simple lot of ground, situate and lying in Howard County, State of Maryland and being more fully described in the above-referenced mortgage.

        METES AND BOUNDS DESCRIPTION (pdf)

        The property is believed be unimproved and situated adjacent to 4769 Bonnie Branch Road and 4765 Bonnie Branch Road.  Access is on Wharff Lane, enter from Ilchester Road.  Public water and sewer are in the area.  Public tax records indicate that the parcel is zoned R20, which permits single family residential lots of a minimum size of 20,000 square feet.  Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the site.

        TERMS OF SALE:  A $20,000 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 Howard County at the offices of the Attorney for Mortgagee.  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 foreclosed Mortgage, 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 Attorney for Mortgagee, 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 Attorney for Mortgagee 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 Attorney for Mortgagee, 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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Robert B. Greenwalt, Attorney for Mortgagee