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Auction Information
Auctioneer Jonathan Melnick Auctioneers and E.T. Newell 410-366-5555
Auction Date May 02 Auction
Location
14735 Main Street
Upper Marlboro, MD
Time 12:00PM
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AuctionZip Auctioneer ID# 6762

Law Offices

GOOZMAN, BERNSTEIN & MARKUSKI

9101 Cherry Lane, Suite 207

Laurel, Maryland20708

(301) 953-7480

(410) 792-0075

 

SUBSTITUTE TRUSTEES' SALE

Case No. CAEF17-40902

 

Of Valuable Improved Real Estate

located in Prince George’s County, MD at:

 

 1800 Metzerott Road

Unit # 403

Adelphi, Maryland 20783

 

Under and by virtue of a Power Of Sale contained in a certain Deed Of Trust from Margie L. Thomas to Ronda McDowell and Steve Anderson, Trustees, dated April 13, 2007, and duly recorded among the Land Records of Prince George’s County, Maryland, in Liber 27782, at Folio 481, docketed for foreclosure in Civil No. CAEF17-40902 , the holder of the indebtedness secured by the Deed Of Trust having appointed Martin L. Goozman and Jeffrey W. Bernstein as Substitute Trustees by instrument duly executed, acknowledged and recorded among the Land Records of the said County, default having occurred under the terms thereof and at the request of the holder of the Note secured thereby, the undersigned Substitute Trustees will offer for sale at public auction at the Circuit Court for Prince George’s County, at the Court House Door, 14735 Main St, Upper Marlboro, MD 20772 on:

 

WEDNESDAY • MAY 2, 2018 • 12:00 PM (NOON)

 

all that Property described in the said Deed Of Trust as follows:

 

UNIT NO 403 IN BUILDING NO FIVE (5), IN A CONDOMINIUM KNOWN AS “PRESIDENTIAL PARK II CONDOMINIUM”, AS ESTABLISHED BY A CONDOMINIUM DECLARATION RECORDED IN LIBER 5636 AT FOLIO 277 AND AS SHOWN ON THE CONDOMINIUM PLAT RECORDED IN PLAT BOOK NLP 115 AT PLATS 57 THROUGH 59, BOTH INCLUSIVE, ALL AMONG THE LAND RECORDS OF PRINCE GEORGE’S COUNTY, MARYLAND.

 

BEING THE SAME PROPERTY CONVEYED BY DEED DATED AUGUST 2, 1984 AND RECORDED IN LIBER 5992 AT FOLIO 264 AMONG THE AFORESAID LAND RECORDS.

 

Parcel Identifier:                                 17-1946508

 

The property is believed to be improved by a 610 ± square foot residential condominium.

 

The Property will be sold in "AS-IS" condition, subject to all conditions, restrictions, easements, covenants, rights-of-way and agreements of record affecting the Property, and subject to whatever an accurate survey or inspection of the Property would disclose, without any express or implied warranty of any kind.

 

A deposit of $5,000.00 cash, certified or cashier's check, payable to the undersigned Trustees, shall be required at the time and place of sale.  The balance of the purchase price shall bear interest at the rate of 4.25% per annum from the date of sale to the date of delivery of payment to the Substitute Trustees.  No deposit shall be required of the noteholder where the noteholder bids on the Property at sale and payment of the purchase price by the noteholder shall be made by crediting the purchase price against the foreclosure costs and expenses and the indebtedness secured by said Deed Of Trust.  In the event that settlement is delayed for any reason, including, but not limited to, exceptions to the sale, bankruptcy filings by interested parties, court administration of the foreclosure sale or unknown title defects, there shall be no abatement of interest.

 

Adjustment of all taxes, public charges and special or regular assessments, annual front foot benefit charges and deferred connection fees, if any, shall be made as of the date of sale and thereafter assumed by the purchaser.  Condominium fees and/or homeowner's association fees, if any, shall be assumed by the purchaser from the date of sale.  Title examination, conveyancing, transfer taxes, recordation tax and all other costs of conveyance and settlement shall be paid by the purchaser.

 

The Property is sold subject to the right of any persons in possession of all or any part of the Property under recorded or unrecorded leases or rights of occupancy, if any.  Purchaser shall be responsible for obtaining possession of the Property.

 

Compliance with the terms of sale shall be made and the balance of the purchase price shall be paid within twenty (20) days after final ratification of the sale by the Circuit Court for Prince George’s County, Maryland, unless said time is extended by the undersigned Trustees in their sole and absolute discretion for good cause shown, time being of the essence; otherwise the deposit shall be forfeited and the Property will be resold at the risk and expense of the defaulting purchaser.  In the event of resale, the defaulting purchaser shall not be entitled to any benefit, surplus proceeds or profits resulting from such resale.

 

The Trustees and Auctioneers are not liable, individually or otherwise, for any reason.  If title to the Property is not or cannot be transferred consistent with the terms hereof for any reason, the Trustees' liability is limited, at its sole discretion, to return any deposit, without interest, thereby rescinding the sale, and there is no other right or remedy against the Trustees at law or in equity.

 

Martin L. Goozman and

Jeffrey W. Bernstein

Substitute Trustees

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