"Mt. Airy" 1.959 Acre Residential Lot

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Listing Details

Sold Price
$50,000
Auction Date
Auction Time
11:00 AM
Address
13744 Jacobs Road, Frederick County, MD, 21771
County
Frederick County
Neighborhood
Mount Airy
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Richard G. Solomon, Solicitor
3280 Urbana Pike - Suite 105
Ijamsville, Maryland  21754


SUBSTITUTE TRUSTEE'S SALE
                        
MOUNT AIRY

"Hawthorne Property"

4 - RESIDENTIAL LOTS

Sale On Premises
13718, 13724, 13738
& 13744 JACOBS ROAD

1.5 Miles W. Of Main St.,
At the End of Prospect Rd.
Frederick Co., MD 21771


MONDAY, FEBRUARY 9, 2009
AT 11:00 A.M.


For directions from your location, visit: MapQuest


        Under and by virtue of the power of sale contained in a certain Deed of Trust from Vance Merson to Charles W. Schroyer, Trustee, dated May 5, 2005, and recorded among the Land Records of Frederick County, in Liber 5311, folio 0005, the holder of the indebtedness secured thereby having appointed Richard G. Solomon to act as Substitute Trustee, 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 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 Frederick County, State of Maryland, and being more fully described in the above referenced Deed of Trust.

        The Hawthorne Property subdivision is located on the north side of Jacobs Rd., across the street from Halane St. (1 block west of the intersection of Prospect Rd., Old Annapolis Rd. and Jacobs Rd.) 13718 Jacobs Rd. (Lot 1) - residential building lot comprising 1.771 acres, more or less. 13724 Jacobs Rd. (Lot 2) - residential panhandle building lot comprising 1.501 acres, more or less. 13738 Jacobs Rd. (Lot 3) - residential building lot comprising 2.240 acres, more or less. 13744 Jacobs Rd. (Lot 4) - pie-shaped residential building lot comprising 1.959 acres, more or less.

        SUBDIVISION PLAT (pdf)

        TERMS OF SALE:  A $10,000 deposit on each lot, or $40,000, if sold as an entirety, 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 Frederick 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 Deed of Trust, 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. Recordation costs, transfer taxes and all other costs incident to settlement, including a $295 document review fee by the Seller’s attorney, to be paid by the purchaser. Time shall be of the essence for the purchaser.  No Buyer's Premium!


Richard G. Solomon, Substitute Trustee