Moore, Carney, Ryan and Lattanzi, LLC
4111 E. Joppa Rd., 21236
SUBSTITUTE TRUSTEES' SALES
Sales On Premises
WED., FEBRUARY 23, 2011
AT 1:00 P.M.
4353 NICHOLAS AVENUE
Baltimore, MD 21206
AT 2:15 P.M.
4 CHARDON COURT - #D
Baltimore County, MD 21136
Under and by virtue of the power of sale contained in a certain Deed of Trust from Howard Snyder to William C. Tarpenning and Dorothy Lobdell, Trustees, dated January 26, 2007, and recorded among the Land Records of Baltimore County, in Liber S.M. 25158, folio 566, and a certain Deed of Trust recorded among the Land Records of Baltimore City, in Liber FMC. 891, folio 72, the holders of the indebtedness secured thereby having appointed Richard E. Lattanzi, Lisa M.L. Eisemann and/or Kristin H. Williams 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 those fee simple lots of ground and the improvements thereon, situate and lying in Baltimore County and Baltimore City, State of Maryland, and being more fully described in the above referenced Deeds of Trust.
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Deposits as stated above, payable by certified check or cashier's check, will be required of the purchasers at time and place of sale. The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers. 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 Baltimore 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 of 6.625% per annum, 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 properties will be sold in "AS IS" condition, without express or implied warranty as to the existing zoning and the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchasers shall be responsible for obtaining physical possession of the properties and assumes the risk of loss or damage to the properties from the date of sale forward. The purchasers waive and release the Substitute Trustees, the holder of the indebtedness, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchasers and/or their successors and assigns may now have or may have in the future relating to the condition of the properties, including but not limited to the environmental condition thereof. If the Substitute Trustees are unable to convey good and marketable title, the purchasers' sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit the 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 purchasers. 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 Properties 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,
Kristin H. Williams, Substitute Trustees