"North Potomac - Potomac Ridge" Two Story Townhome Price includes prior mortgage


Listing Details

Sold Price
Auction Date
Auction Time
2:30 PM
13811 Grey Colt Drive, Montgomery County, MD, 20878
Montgomery County
North Potomac
Scroll down for Complete Details, including: property description, additional photos, Terms of Sale and more.

Additional Photos

Use Mobile?

Robert B. Greenwalt, Solicitor
611 Frederick Road - Suite 201
Baltimore, MD 21228


"Potomac Ridge"


Sale On Premises
Montgomery County, MD 20878

AT 2:30 P.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 Rudolph J. Saucillo to the Trustees therein, dated May 22, 1989 and recorded among the Land Records of Montgomery County, Maryland, in Liber 8836, folio 149, the holder of the indebtedness secured thereby having appointed Brett A. Solomon and Robert B. Greenwalt to act as Substitute Trustees, 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 Trustees will sell at Public Auction, on the premises, the following:

        All that fee simple lot of ground situate and lying in Montgomery County, State of Maryland and being more fully described in the above-captioned Deed of Trust.

        The improvements are believed to comprise a two story inside-group townhome.  According to public tax records, the home was constructed in 1985, contains 1,386 square feet of living area  plus 693 square feet of basement space including a basement garage and 2.5 baths.  Neighborhood homes typically have three or four bedrooms. 

        The property will be sold subject to a prior Deed of Trust, dated October 5, 1992, with an estimated balance of $83,500.  The amount due thereon will be announced at time of sale.

        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 Montgomery 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 Note executed in connection with the foreclosed Deed of Trust, from date of sale to date of settlement.  All adjustments as of date of sale.  Taxes, condominium fees 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 the Declaration and Bylaws of Willow Cove Manor Condo;  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 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, 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

Robert B. Greenwalt, Substitute Trustee