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"Nabbs Creek - Lombardee Beach" Vinyl Sided Rancher


Listing Details

Sold Price
Auction Date
Auction Time
2:30 PM
123 William Chambers Jr. Drive, Anne Arundel County, MD, 21060
Anne Arundel County
Nabbs Creek, Lombardee Beach,
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Additional Photos

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Karen M. Authement, Solicitor
1040 N. Calvert St., 21202

"Lombardee Beach"

3 Bedrooms  Carport

Sale On Premises
Off 900 Nabbs Creek Road
Anne Arundel Co., MD 21060

AT 2:30 P.M.

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      Under and by virtue of the power of sale contained in a certain mortgage from Benjamin Allen Barker and Sandra Marie Barker to John Andrew Ridge, Sr. and Karen Marie Ridge, dated June 9, 2005 and recorded among the Land Records of Anne Arundel County in Liber 16505, Folio 607, default having occurred under the terms thereof, and at the request of the party secured thereby having assigned the same to Karen M. Authement, Assignee, the undersigned will sell at Public Auction, the following:

      All that fee simple lot of ground and the improvements thereon, situate and lying in Anne Arundel County, State of Maryland, and being more fully described in the above referenced Mortgage.

      The property is improved by a vinyl sided rancher just one block from Nabbs Creek and Stoney Creek.  The home reportedly contains 3 bedrooms and comprises 1,104 square feet, more or less.

      TERMS OF SALE:  A $10,000 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 Anne Arundel County at the offices of the Assignee.  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 foreclosed mortgage, 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 Assignee, 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 Assignee 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 Assignee, 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.  No Buyers Premium.

Karen M. Authement, Assignee