A&M Auctioneers and Appraisers, LLC.Local Fax:(410) 835-0370
ONLINE BIDDING POWERED BY:
SUCCESSOR TRUSTEES’
SALE OF VALUABLE
FEE SIMPLE PROPERTY
IMPROVED BY PREMISES KNOWN AS
10806 LONGWOODS RD.
EASTON, MD 21601
_____________________________
Under a power of sale contained in a certain Deed of Trust from John A. General dated August 16, 2004 and recorded among the Land Records for Talbot County in Liber 1271, folio 248, default having occurred under the terms thereof and at the request of the parties secured thereby (Civil Case No. 20-C-12-008179), the undersigned Successor Trustees will offer for sale at public auction at the Talbot County Circuit Court, Court House, 11 North Washington Street, Easton, Maryland 21601 on:
APRIL 26, 2013 AT 11:30 A.M.
ALL THAT FEE-SIMPLE LOT OF GROUND CONTAINING 3.76 ACRES OF LAND, MORE OR LESS, AND THE IMPROVEMENTS THEREON situated in Talbot County, Maryland and more fully described in the aforesaid Deed of Trust. The Property is improved by a dwelling, with approximately 2,266 square feet of interior space and containing 3 bedrooms and 2 bathrooms.
The property will be sold in “as is” condition and subject to conditions, restrictions, easements, encumbrances and agreements of record affecting the subject property, if any, and with no warranty of any kind.
Terms of Sale: A deposit in the form of cashier’s or certified check, or in such other form as the Successor Trustees may determine, at their sole discretion, for $20,000.00 at the time of sale. If the noteholder is the successful bidder, the deposit requirement is waived. The balance of the purchase price is to be paid within fifteen (15) days of the final ratification of the sale by the Circuit Court for Talbot County, Maryland. TIME IS OF THE ESSENCE FOR THE PURCHASER. Interest is to be paid on the unpaid purchase price at the rate of 6.5% per annum from the date of sale to the date the funds are received in the office of the Successor Trustees, if the property is purchased by an entity other than the noteholder. There will be no abatement of interest due from the purchaser in the event settlement is delayed for any reason. Adjustment of current year real property taxes and other public and/or private charges or assessments, including water/sewer charges, will be made as of the date of sale and thereafter assumed by the purchaser. All other public and/or private charges or assessments, including water/sewer charges, incurred after the sale, and all other costs incidental to settlement to be paid by the purchaser. Cost of all documentary stamps, transfer taxes, and all settlement charges shall be borne by the purchaser. If the Successor 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 to the purchaser. Upon refund of the deposit, the sale shall be void and of no effect, and the purchaser shall have no further claim against the Successor Trustees. If purchaser defaults under these terms, the deposit shall be forfeited. The Successor Trustees may then resell the property at the risk and cost of the defaulting purchaser. The defaulting purchaser shall not be entitled to any surplus proceeds resulting from said resale even if such surplus results from improvements to the property by said defaulting purchaser. Purchaser shall be responsible for obtaining physical possession of the property. The purchaser at the foreclosure sale shall assume the risk of loss or damage to the property from the date of sale. The information contained herein was obtained from sources deemed to be reliable but is offered for informational purposes only. The Successor Trustees, Auctioneer and the secured party do not make any representations or warranties with respect to the accuracy of this information.
Douglas S. Walker
Ryan D. Showalter
Successor Trustees
MILES & STOCKBRIDGE P.C.
101 Bay Street, Suite 2
Easton, Maryland 21601
410-820-0264