"Fallston" Attractive Residential Building Lot Comprising 2 Acres, more or less

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Listing Details

Auction Date
CANCELED

Monday,
Auction Time
11:00 AM
Address
2502 Laurel Brook Road, Harford County, MD, 21047
County
Harford County
Neighborhood
Fallston
Scroll down for Complete Details, including: property description, Terms of Sale and more.

This auction has been CANCELED.

Ronald B. Katz, Solicitor
11403 Cronridge Drive - Suite 230
Owings Mills, MD 21117

SUBSTITUTE TRUSTEES' SALE
                    
FALLSTON

ATTRACTIVE RESIDENTIAL
BUILDING LOT
COMPRISING 2 ACRES, MORE OR LESS

Sale On Premises
2502 LAUREL BROOK ROAD
Harford County, MD 21047

MONDAY, APRIL 4, 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 Anthony G. Letke and Cara Letke to Trustees, dated October 26, 2006, and recorded among the Land Records of Harford County, Md., in Liber 7212 Folio 519,  the holder of the indebtedness secured thereby having appointed Ronald B. Katz and Eric A. Hartlaub as Substitute Trustees, default having occurred thereunder, the undersigned Substitute Trustee will sell at Public Auction the following:


        All that fee simple parcel of ground situate and lying in Harford County, Maryland and being more fully described in the aforementioned Deed of Trust.


        The property comprises 2.00031 acres, more or less, fronting on Laurel Brook Road, off Old Fallston Road.


        SUBDIVISION PLAT (pdf)


        The information pertaining to the improvements and zoning has been obtained from sources deemed reliable, but no warranty is made either express or implied as to the accuracy of this information.


        According to public tax records, the property is zoned AG, agricultural with residential land use.  Prospective purchasers are encouraged to perform their own due diligence regarding the permitted uses of the property prior to the auction.


        TERMS OF SALE:  A deposit by certified check or cashier's check of $7,500.00 shall be required of the purchaser at time and place of sale. Deposit to be increased to 10% of the purchase price within 24 hours at the offices of the Auctioneer. 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 Harford County at the offices of the Substitute Trustees.  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 Deed of Trust Note 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.   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 a 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.  Cost of all documentary stamps, transfer taxes, and all other costs incident to settlement to paid by purchaser.  Time shall be of the essence for the purchaser.  Risk of loss on the purchaser from date of sale.


No Buyer's Premium


Ronald B. Katz,
Eric A. Hartlaub, Substitute Trustees