MDDC News Logo
Follow Us

0012283462

0012283462

Washington Post (The), Dec 10, 2019

BROCK & SCOTT, PLLC 484 VIKING DRIVE, SUITE 203 VIRGINIA BEACH, VA 23452 SUBSTITUTE TRUSTEES' SALE OF  VALUABLE FEE SIMPLE PROPERTY KNOWN AS: 433 Christopher Ave Apt T3, Gaithersburg, Maryland 20879 Under and by virtue of the power of sale contained in a certain Deed of Trust to Andrew N. Lock And William T. Morrison, Trustee(s), dated November 9, 2012, and recorded among the Land Records of MONTGOMERY COUNTY,  MARYLAND in Liber 45409, Folio 124,  the holder of the indebtedness secured by this Deed of Trust having appointed the  undersigned Substitute Trustee(s), by instrument duly recorded among the aforesaid Land Records, default having occurred under the terms thereof, and at the  request of the party secured thereby, the undersigned   Substitute Trustee(s) will offer for sale at public auction at The Circuit Court for Montgomery County, at the Court House Door, 50 Maryland Avenue, Rockville, Maryland 20850, on:       December 11, 2019 at 11:15AM ALL THAT FEE SIMPLE LOT OF GROUND and improvements thereon situated in MONTGOMERY COUNTY, MD and described as follows: Unit Numbered 87 in a Horizontal Property Regime known as "THE HYDE PARK CONDOMINIUM- PHASE II-B", established by a Condominium Declaration dated July 29, 1975 (erroneously referred to as July 20, 1975) in Liber 4671 at folio 166 as amended by an amendment dated August 6, 1975, and recorded August 7, 1975 in liber 4573 at folio 594, and shown on a plat of condominium subdivision entitled "THE HYDE PARK CONDOMINIUM - PHASE II-B" recorded in Plat Book 16 at Plats 1585 through 1590, inclusive, among the Land Records of Montgomery County, Maryland, together with the facilities and other appurtenances to said Unit, which unit and appurtenances have been more specifically defined in the Declaration aforesaid, and including the fee in an undivided interest in the common elements of said Regime appurtenant to said units as such interest is set forth and defined in said Declaration as the same may be lawfully revised or amended from time to time. The property will be sold in an "AS IS WHERE IS" condition without either express or implied warranty or representation, including but not limited to the description, fitness for a particular purpose or use, structural integrity, physical condition, construction, extent of construction, workmanship, materials, liability, zoning, subdivision, environmental condition, merchantability, compliance with building or housing codes or other laws, ordinances or regulations, or other similar matters, and subject to easements, agreements and restrictions of record which affect the same, if any. The property will be sold subject to all conditions liens, restrictions and agreements of record affecting same including any condominium and HOA assessments pursuant to Md Real Property Article 11-110. TERMS OF SALE: A deposit of $9,500.00 payable in a certified check or by a cashier's check will be required from purchaser at time of sale, balance in immediately available funds upon final ratification of sale by the Circuit Court of MONTGOMERY COUNTY, MARYLAND interest to be paid at the rate of 3.75% on unpaid purchase money from date of sale to date of settlement. The secured party herein, if a bidder, shall not be required to post a deposit. Third party purchaser (excluding the secured party) will be required to complete full settlement of the purchase of the property within TEN (10) CALENDAR DAYS of the ratification of the sale by the Circuit Court otherwise the purchaser's deposit shall be forfeited and the property will be resold at the risk and expense, of the defaulting  purchaser. All other public charges and private charges or assessments, including water/sewer charges, ground rent, taxes if any, to be adjusted to date of sale. Cost of all documentary stamps and transfer taxes and all other costs incident to the settlement shall be borne by the purchaser. If applicable, condominium and/or homeowner association dues and assessments will be adjusted to date of sale. If the sale is rescinded or not ratified for any reason, including post sale lender audit, or the Substitute Trustees are unable to convey marketable title or a resale is to take place for any reason, the purchaser(s) sole remedy in law or equity shall be limited to the refund of the aforementioned deposit.  The purchaser   waives all rights and claims against the Substitute Trustees whether known or unknown.   These  provisions   shall  survive  settlement   Upon  refund  of the deposit,  this sale shall be void  and of no effect,  and the purchaser   shall have  no further  claim  against  the Substitute Trustees.   The  sale is subject  to post-sale  review  of the status  of the loan and that if any agreement  to cancel  the sale was  entered  into by the lender  and borrower   prior  to the sale then the sale is void  and the purchaser's   deposit  shall be refunded   without  interest.  Additional   terms and conditions, if applicable, may be announced at the time and date of sale.  File No. (19-10455 FC01) Thomas W. Hodge, Christine N. Johnson, Brennan Ferguson,  Jeana McMurray, Robert M. Oliveri, Melissa Alcocer, Substitute Trustees Mid-Atlantic Auctioneers, LLC 305 West Chesapeake Ave., Ste. 105 Towson, MD 21204 www.mid-atlanticauctioneers.com 410.825.2900 November 26, December 3, 10,  2019                                                       12283462
© Jan 18, 2020, MDDC Press