Auction Details

Auction Dates

Starts: Thu, Feb 28, 2019 3:05PM

Description

ASSIGNEE’S SALE OF VALUABLE RESIDENTIAL REAL PROPERTY

519 Pitts Creek Ln., Pocomoke, MD 21851-3129

Under a power of sale contained in a certain Purchase Money Mortgage from James Mills, dated September 30, 2002 and recorded among the Land Records of Worcester County, Maryland, in Liber S.V.H. No. 3444, Folio 267, et seq. (the “Mortgage”), default having occurred under the terms thereof, the undersigned Assignee will offer for sale at public auction to the highest bidder on the Court house steps of the Circuit Court for Worcester County, Maryland, 1 W. Market Street, Snow Hill, MD 21863.

On Thursday, February 28, 2019

AT 3:05 p.m.

ALL THAT FEE-SIMPLE LOT OF GROUND AND ANY IMPROVEMENTS THEREON situated in Pocomoke, Worcester County, Maryland, and more particularly described in the aforesaid Purchase Money Mortgage. The property is categorized by SDAT as residential, having the premises address of 519 Pitts Creek Ln., Pocomoke, MD; MDAT Account No. 01-012703, Tax Map 0099, Parcel 0110, said to contain 1.02 Acres, more or less, more particularly described in a deed dated September 30, 2002 and recorded among said Land Records in Liber S.V.H. No. 3444, Folio 267.

Together with the building(s) and improvement(s) thereon, if any, and the rights, alleys, ways, waters, privileges and appurtenances and advantages thereto belonging, or in anyway appertaining.

Terms & Conditions

TERMS OF SALE: A deposit of $10,000.00, in the form of cash, certified or cashier’s check or any other form acceptable to Assignee in his sole discretion shall be paid at the time and place of sale, except that the Note holder will not be required to post a deposit. The balance shall be due by cashier’s or certified check within ten (l0) days following final ratification of sale by the Circuit Court for Worcester County, Maryland, unless said period is extended by the undersigned, for good cause shown, time being of the essence for the purchaser. Interest at the rate of 6% per annum shall be paid on the unpaid purchase money from the date of sale to the date the funds are actually received by Assignee and shall be secured to the satisfaction of the Assignee. In the event settlement is delayed for any reason, there shall be no abatement of interest caused by the delay.

The property will be sold free and clear of all mortgages and/or liens, but subject to all other conditions, restrictions and agreements of record affecting same, if any, as well as governmental ordinances, rules and regulations, and subject further to any matters which would be revealed by an accurate survey of the properties. The property may be occupied at the time of sale by one or more persons or tenants and is being sold subject to the leasehold or other occupancy interests of any such persons. The property will be sold in an “as is” condition and without any warranties of any kind, either express or implied, as to the nature, conditions or description of the improvements, acreage, or the environmental status of the land or its improvements; and subject to all easements, conditions, existing housing, health department, or zoning code violations, matters and restrictions of record affecting same, if any. Purchaser(s) at the foreclosure sale shall assume the risk of loss for the property after the date and time of auction sale, and shall be responsible for obtaining physical possession thereof.

The purchaser(s) shall execute the purchaser’s affidavit required by law and comply with these Terms of Sale within the time aforesaid, time being of the essence for the purchaser; otherwise, the Assignee will, at his option, declare the entire deposit forfeited as full and liquidated damages or resell the property at purchaser’s risk and expense, in which event, purchaser(s) shall be liable for the payment of any deficiency in the purchase price, all costs and expenses of the resale, reasonable attorney’s fees, all other charges due and incidental damages, but shall not be entitled to any surplus proceeds resulting from such resale. If Assignee is unable to deliver merchantable legal title to the property or if the sale is not ratified, purchaser(s) sole remedy shall be return of the deposit; and upon the return of the same, the sale shall be void and purchaser(s) shall have no further claim against Assignee or the Mortgage holder.

All taxes and public charges and assessments to be adjusted to the date of auction sale and assumed thereafter by purchaser(s). All cost of title examination, documentary stamps, agricultural and other transfer taxes and title papers to be at expense of purchaser(s).

Assignee reserves the right to withdraw the property, to reject any and all bids, to extend the settlement date and to approve the credit worthiness of any purchaser. If the holder of the Purchase Money Mortgage is the successful purchaser, it is exempt from the Terms of Sale as set forth herein and shall be permitted to bid at the sale.

Additional terms to be announced at the time of sale. Further information concerning the property may be obtained by contacting the Assignee or Marshall Real Estate Auctions (File #3219 and Case Number: C-23-CV-18-000377).
TERMS OF SALE: A deposit of $10,000.00, in the form of cash, certified or cashier’s check or any other form acceptable to Assignee in his sole discretion shall be paid at the time and place of sale, except that the Note holder will not be required to post a deposit. The balance shall be due by cashier’s or certified check within ten (l0) days following final ratification of sale by the Circuit Court for Worcester County, Maryland, unless said period is extended by the undersigned, for good cause shown, time being of the essence for the purchaser. Interest at the rate of 6% per annum shall be paid on the unpaid purchase money from the date of sale to the date the funds are actually received by Assignee and shall be secured to the satisfaction of the Assignee. In the event settlement is delayed for any reason, there shall be no abatement of interest caused by the delay.

The property will be sold free and clear of all mortgages and/or liens, but subject to all other conditions, restrictions and agreements of record affecting same, if any, as well as governmental ordinances, rules and regulations, and subject further to any matters which would be revealed by an accurate survey of the properties. The property may be occupied at the time of sale by one or more persons or tenants and is being sold subject to the leasehold or other occupancy interests of any such persons. The property will be sold in an “as is” condition and without any warranties of any kind, either express or implied, as to the nature, conditions or description of the improvements, acreage, or the environmental status of the land or its improvements; and subject to all easements, conditions, existing housing, health department, or zoning code violations, matters and restrictions of record affecting same, if any. Purchaser(s) at the foreclosure sale shall assume the risk of loss for the property after the date and time of auction sale, and shall be responsible for obtaining physical possession thereof.

The purchaser(s) shall execute the purchaser’s affidavit required by law and comply with these Terms of Sale within the time aforesaid, time being of the essence for the purchaser; otherwise, the Assignee will, at his option, declare the entire deposit forfeited as full and liquidated damages or resell the property at purchaser’s risk and expense, in which event, purchaser(s) shall be liable for the payment of any deficiency in the purchase price, all costs and expenses of the resale, reasonable attorney’s fees, all other charges due and incidental damages, but shall not be entitled to any surplus proceeds resulting from such resale. If Assignee is unable to deliver merchantable legal title to the property or if the sale is not ratified, purchaser(s) sole remedy shall be return of the deposit; and upon the return of the same, the sale shall be void and purchaser(s) shall have no further claim against Assignee or the Mortgage holder.

All taxes and public charges and assessments to be adjusted to the date of auction sale and assumed thereafter by purchaser(s). All cost of title examination, documentary stamps, agricultural and other transfer taxes and title papers to be at expense of purchaser(s).

Assignee reserves the right to withdraw the property, to reject any and all bids, to extend the settlement date and to approve the credit worthiness of any purchaser. If the holder of the Purchase Money Mortgage is the successful purchaser, it is exempt from the Terms of Sale as set forth herein and shall be permitted to bid at the sale.

Additional terms to be announced at the time of sale. Further information concerning the property may be obtained by contacting the Assignee or Marshall Real Estate Auctions (File #3219 and Case Number: C-23-CV-18-000377).
 

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