"White Marsh - Darryl Gardens" 2 - Residential Home Sites

16068_ranelagh_lots_6_18_gismap.jpg

Listing Details

Sold Price
$42,000
Auction Date
Auction Time
2:10 PM
Auction Note
Sale To Be Held - Courthouse Door, CIRCUIT COURT FOR BALTIMORE COUNTY, 401 Bosley Avenue, Towson, MD 21204
Address
Lots 6 & 18, Ranelagh Road, Baltimore County, MD, 21162
County
Baltimore County
Neighborhood
White Marsh, Darryl Gardens
Scroll down for Complete Details, including: property description and Terms of Sale.

Bowie & Jensen, LLC, Solicitors
29 West Susquehanna Ave. - Ste. 600
Baltimore, MD 21204

SUBSTITUTE TRUSTEE'S SALE
                            
WHITE MARSH
"Darryl Gardens"

2 - RESIDENTIAL
HOME SITES

Known As
LOTS 6 & 18
RANELAGH ROAD
(a/k/a Gunpowder Road)
At The End of Ranelagh Rd.
Baltimore County, MD 21162

Sale To Be Held - Courthouse Door
CIRCUIT COURT FOR BALTIMORE COUNTY
401 Bosley Avenue, Towson, MD 21204
For directions, see maps.google.com

MONDAY, DECEMBER 16, 2013
AT 2:10 P.M.


      Under and by virtue of the power of sale contained in a certain Deed of Trust from Sierra Homes, Inc. to Lawrence W. Williams, Trustee, dated June 20, 2007 and recorded among the Land Records of Baltimore County, in Liber 25871, folio 734, the holder of the indebtedness secured thereby having appointed Mark T. Jensen 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, the following:


      All those fee simple lots of ground and the improvements thereon, situate and lying in Baltimore County, State of Maryland, and being known and designated as Lots Numbered Six (6) in Block "M" in Darryl Gardens No. 2 (Tax ID 11-1116060551);  and Eighteen (18) in Block "D" in Darryl Gardens No. 2 (Tax ID 11-1116060698), recorded in Plat Book CHK 13, Page 150 and being more fully described in the above referenced Deed of Trust.


      Each lot is an unimproved residential lot.  Lot 6 comprises 35,721 square feet or 0.82 acre, and Lot 18 comprises 40,000 square feet or 0.92 acre, all more or less.  Reportedly, public water and sewer are available to the sites.   The properties are believed to be zoned D.R. 2.


      SUBDIVISION PLAT (pdf)

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


      TERMS OF SALE:  A $5,000 deposit for each lot, 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 Baltimore 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 of 7.75% per annum, 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 properties 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 properties, 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.  Recordation costs, transfer taxes, agricultural transfer taxes and all other costs incident to settlement, to be paid by the purchaser.  Time shall be of the essence for the purchaser.  No Buyer's Premium!


      Authority to cancel this sale rests solely with the Substitute Trustee and/or the Auctioneer. Prospective buyers should disregard all other statements and comments made by any other person or entity regarding minimum bids, pricing and cancellations of the sale. Additional terms may be announced at the time of sale. The Substitute Trustee reserves: (1) the right to accept or reject any or all bids; (2) the right to modify or waive the requirements for bidders' deposits and terms of sale and/or settlement; (3) the right to withdraw the Property from the sale before acceptance of the final bid; and (4) the right to cancel or postpone the sale.


Mark T. Jensen, Substitute Trustee