A&M Auctioneers and Appraisers, LLC.Local Fax:(410) 835-0370
ONLINE BIDDING POWERED BY:
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Under a power of sale contained in a certain Indemnity Deed of Trust from James E. Ferrier, Jr., dated February 28, 2008 and recorded among the Land Records for Talbot County in Liber 1610, folio 413, default having occurred under the terms thereof and at the request of the parties secured thereby (Civil Case No. 20-C-13-008497), the undersigned Successor Trustees will offer for sale at public auction at the Talbot County Circuit Court House, 11 North Washington Street, Easton, Maryland on:
ALL that lot or ground situate in Talbot County, Maryland in the Subdivision known as “Colonial Heights” in the Northerly limits of the Town of Easton, and identified as Lot No. 23 on the Plat entitled “Colonial Heights”, made by R.H. Blain on December 4, 1923 and recorded among the Land Records of Talbot County at Liber 197, folio 46, which said lot fronts eighty-one and three-tenths (81.3) feet on the westerly side of St. Aubins Terrace. The Property is improved by a 1,050 square foot, more or less, one and one-half story masonry building. The interior is believed to include a garage/warehouse area and an office.
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.
Waivers: The purchaser waives and releases the Successor Trustees, the Lender, the Auctioneer and each of 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 (1) any environmental condition, problem or violation affecting all or any portion of the Property, (2) any structural or other defects relating to any improvements on the Property (if any), and/or (3) any existing or future housing, building and/or zoning code problems or violations.
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 $7,500.00 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 6.50% 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.
Adam M. Lynn
Ryan D. Showalter,
Successor Trustees
Miles & Stockbridge, P.C.
101 Bay Street, Suite 2
Easton, MD 21601
410-820-0257
For More Information, Contact:
P. Douglas Marshall, Auctioneer
410-749-8092
www.MarshallAuctions.com