"Salisbury - Stone Gate" One Story Townhome 3 Bedrooms & 2 Baths

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Listing Details

Sold Price
$91,000
Auction Date
Auction Time
11:00 AM
Address
1001 Zircon Court, Wicomico County, MD, 21804
County
Wicomico County
Neighborhood
Salisbury
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Kristin H. Williams, Substitute Trustee
Moore, Carney, Ryan & Lattanzi, LLC
4111 E. Joppa Road, Suite 201
Baltimore, MD 21236

SUBSTITUTE TRUSTEES' AUCTION
                      
SALISBURY
"Stone Gate"

3 Bedroom ◆ 2 Bath
ONE STORY TOWNHOME

Sale On Premises
1001 ZIRCON COURT
N. Schumaker Dr. To Stonegate Dr. To Zircon Ct.
Wicomico County, MD 21804

FRIDAY, SEPTEMBER 9, 2011
AT 11:00 A.M.

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


      Under and by virtue of the power of sale contained in a certain Deed of Trust from Marnie J. Czarnecki to the Trustees therein, dated September 24, 2007, and recorded among the Land Records of Wicomico County, Maryland, in Liber MSB No. 2859, folio 409, the holder of the indebtedness secured thereby having appointed the undersigned to act as Substitute Trustees, 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 Trustees 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 Wicomico County, State of Maryland and being more fully described in the above-referenced Deed of Trust; lot size 55' x 95', more or less.


      The property is improved by a one story siding end-of-group home, with covered front porch, believed to contain a living room, dining room, kitchen, 3 bedrooms and 2 baths; electric heat pump and central air conditioning.  According to public tax records, the home was constructed in 2003 and contains 1,274 square feet of living area.


      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 by 12 noon on Monday, September 12, 2011, 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 Wicomico County at the offices of the Substitute Trustees.  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 Note executed in connection with the foreclosed Deed of Trust, from date of sale to date of settlement.  All adjustments, including homeowners association fees, 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;  subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to the Declaration and Bylaws of the Stone Gate Homeowners Association, 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 Trustees, 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 Trustees are 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 Trustees, Noteholder or Auctioneer.  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.  No Buyer's Premium.


      Authority to cancel this sale rests solely with the Substitute Trustees 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 Trustees reserve: (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.


Richard E. Lattanzi, Lisa M. L. Eisemann,
and Kristin H. Williams, Substitute Trustees