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Real Estate Auction
Previous Page Listing ID#: 33279
Previous Page Listing ID#: 33279
| Auction Location |
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Cumberland, MD 21502 |
| Auction Dates and Times |
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Monday Feb 13, 2017 Completed |
| Auction Type |
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 Live Auction
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| Company Information |
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Tidewater Auctions, LLC Website: tidewaterauctions.com GoToAuction.com ID#: 2968 View company information and listings |
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| Listing Terms and Conditions |
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A deposit of $12,000.00 will be required of the purchaser, other than the Holder of the Note or its assigns, at the time of sale, such deposit to be in cash or certified check, or other form acceptable to the Substitute Trustees, in their sole discretion. Balance of the purchase price is to be paid in cash within ten (10) days of the final ratification of sale by the Circuit Court for Allegany County. If payment of the balance does not take place within ten (10) days of ratification, the deposit may be forfeited and property may be resold at the risk and expense of the defaulting purchaser. The defaulting purchaser shall not be entitled to any surplus proceeds or profits resulting from any resale of the property. Interest to be paid on unpaid purchase money at the rate pursuant to the deed of trust note from date of sale to date funds are received in the office of the Substitute Trustees in the event the property is purchased by someone rather than the note holder.
In the event settlement is delayed for any reason , including, but not limited to, exceptions to the sale, bankruptcy filings by interested parties, or court administration of the foreclosure, there shall be no abatement of interest. Taxes, ground rent, water, condominium fees and/or homeowner association dues, all public charges, assessments payable on an annual basis, including sanitary and/or metropolitan district charges and front foot benefit charges, if applicable, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. Cost of all documentary stamps, transfer taxes and settlement expenses shall be borne by the purchaser. Purchaser shall be responsible for obtaining physical possession of the property. Purchaser assumes the risk of loss or damage to the property from the date of sale forward. 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 void and of no effect, and the purchaser shall have no further claims against the Substitute Trustees. 0
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| Listing Information |
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Hofmeister, Breza & Leavers Executive Plaza III 11350 McCormick Road, Suite 1300 Hunt Valley, Maryland 21031
SUBSTITUTE TRUSTEES’ SALE OF VALUABLE FEE SIMPLE DWELLING
268 W. Mechanic Street, Frostburg, MD 21532
Under and by virtue of the power of sale contained in a certain Deed of Trust from Richard W. Friend, Jr. and Shannon Burnside, dated April 28, 2007, and recorded in Liber 1381, folio 524 among the Land Records of Allegany County, Maryland and re-recorded in Liber 1879, folio 502, default having occurred under the terms thereof, and at the request of the parties secured thereby, the undersigned Substitute Trustees will offer for sale at public auction at the Circuit Court for Allegany County, Courthouse Door, Cumberland, MD on
Monday, February 13, 2017 AT 3:00 PM
The property is believed to be improved by a detached single family style dwelling believed to contain three bedrooms, two full baths, a three-car garage, and a deck. The property address is 268 W. Mechanic Street, Frostburg, MD 21532.
Said property is in fee simple and is sold in an “as is condition” and subject to all covenants, conditions, liens, restrictions, easements, rights-of-way as may affect same, if any, and with no warranty of any kind.
Terms of Sale: A deposit of $12,000.00 will be required of the purchaser, other than the Holder of the Note or its assigns, at the time of sale, such deposit to be in cash or certified check, or other form acceptable to the Substitute Trustees, in their sole discretion. Balance of the purchase price is to be paid in cash within ten (10) days of the final ratification of sale by the Circuit Court for Allegany County. If payment of the balance does not take place within ten (10) days of ratification, the deposit may be forfeited and property may be resold at the risk and expense of the defaulting purchaser. The defaulting purchaser shall not be entitled to any surplus proceeds or profits resulting from any resale of the property. Interest to be paid on unpaid purchase money at the rate pursuant to the deed of trust note from date of sale to date funds are received in the office of the Substitute Trustees in the event the property is purchased by someone rather than the note holder.
NOTE: The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. Neither the auctioneer, the beneficiary of the Deed of Trust, the Substitute Trustee nor his agents or attorneys make any representations or warranties with respect to the accuracy of information.
PROSPECTIVE PURCHASERS ARE URGED TO PERFORM THEIR OWN DUE DILIGENCE WITH RESPECT TO THE PROPERTY PRIOR TO THE FORECLOSURE AUCTION. For additional information, please contact the Substitute Trustees.
Stephanie H. Hurley, Kaitlin R. Zarro and Scott M. Breza, Substitute Trustees
Tidewater Auctions, LLC 410-825-2900 www.tidewaterauctions.com
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