"Sykesville" 6-Bedroom Home on 5.86 Acres

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Listing Details

Sold Price
$525,000
Auction Date
Auction Time
3:00 PM
Address
12635 Emory Farm Lane, Howard County, MD, 21784
County
Howard County
Neighborhood
Sykesville
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 Avenue - Suite 201
Baltimore, MD 21228


MORTGAGEE'S AUCTION
                       
SYKESVILLE


RECENTLY RENOVATED
6 BEDROOM HOME

On 5.86 Acres±

Sale On Premises
12635 EMORY FARM LANE
Off Route 32, Howard County, MD 21784

MONDAY, AUGUST 4, 2008
AT 3:00 P.M.


        Under and by virtue of the power of sale contained in certain Mortgages from Chun K. Kim and Meng O. Kim to Virgil L. Lough and Idoline L. Lough, dated December 8, 2000, and recorded among the Land Records of Howard County, in Liber 5310, folio 681 and dated December 6, 2005 and recorded aforesaid in Liber 9709, folio 108, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Attorney for Mortgage will sell at Public Auction, on the premises, the following:

        All those fee simple lots of ground and the improvements thereon, 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 improved by a brick and siding rancher, with newly constructed two story addition.  The home is believed to contain a living room, dining room, updated kitchen, family room, 4 bedroom and 4 baths on the first floor; 2 bedrooms and 2 baths on the second floor; basement with outside exit; electric heat pump and central air conditioning; well and septic; stone fireplace;  hardwood floors; sun room; sun deck; and gazebo.  Prior promotional advertising stated that the home contains 5,536 square feet of living area.

        TERMS OF SALE:  A $25,000 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 Named In Mortgage.  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 higher rate stated in the foreclosed Mortgages, 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 Attorney Named In Mortgage, 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 Named In Mortgage 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 Named In Mortgage, 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 Mortgage