"Aberdeen - Swan Meadows"

Stark and Keenan, P.A., Solicitors
30 Office Street
Bel Air, MD 21014

SUBSTITUTE TRUSTEES’ AUCTION

“Swan Meadows”

SEMI-DETACHED RANCHER
3 Bedrooms/2 Baths

Sale On Premises
66 SWAN STREET
Aberdeen, Harford County, MD 21001

THURSDAY, APRIL 15, 2021
AT 2:00 P.M.

      Under and by virtue of the power of sale contained in a certain Purchase Money Deed of Trust from Bay Management, Inc. to the Trustees therein, dated June 1, 2006, and recorded among the Land Records of Harford County, Maryland, in Book J.J.R. No. 6829, Page 630, the holder of the indebtedness secured thereby having appointed the undersigned to act as Substitute Trustees, in place and stead of the aforementioned Trustees, by instrument duly executed, acknowledged and recorded among the Land Records aforesaid, default having occurred under the terms thereof and at the request of the party secured thereby (in the Circuit Court for Harford County, Case No. C-12-CV-19-000451), the undersigned Substitute Trustees will sell at Public Auction, on the premises, the following:

     All that fee simple lot of ground and the improvements thereon, situate and lying in the Second Election District of Harford County, Maryland and being more fully described as follows:

      BEING KNOWN AND DESIGNATED as Lot No. 188, as shown on a plat entitled, “Final Plat 1, Swan Meadows Subdivision,” recorded among the Plat Records of Harford County in Plat Book C.G.H. No. 72, Page 83, subject to the Easements, Restrictions, Reservations, Conditions and Limitations as shown on said plat and on a prior plat recorded at Plat Book G.R.G. No. 11, Page 107, and subject to the Declaration of Restrictions, “Swan Meadows,” dated March 7, 1997 and recorded in the aforesaid Land Records in Book C.G.H. No. 2493, Page 307. The property being known as 66 Swan Street, City of Aberdeen.

      The property is improved by a one-story, vinyl sided, semi-detached, ranch home, built in 1941 and renovated in 2005, containing 840 square feet of living area. The house is believed to contain a living room, eat-in kitchen, 3 bedrooms, 2 baths, gas forced air heat and central air conditioning. Lot size 48′ x 104′, more or less. Plat
The property appears to be occupied by a tenant, the Substitute Trustees have no knowledge of any lease of the property nor the terms thereof.

      NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the zoning and permitted uses of the property.

      TERMS OF SALE: A $5,000 deposit, payable by certified check or cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s Office. The holder of the indebtedness, if a bidder at the sale, shall not be required to post a deposit. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Harford County at the offices of the Substitute Trustees. If payment of the balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the purchaser. Interest to be charged on the unpaid purchase money, at the rate stated in the foreclosed Purchase Money Deed of Trust, from date of contract to date of settlement. If settlement is delayed for any reason, there will be no abatement of interest. All adjustments as of date of contract. Taxes and all other public charges and assessments payable on a monthly or annual basis, including sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract and assumed thereafter by the purchaser. The property will be sold in “AS IS” condition, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to all plats, easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of contract forward. The purchaser waives and releases the Substitute Trustees, the holder of the indebtedness, the Auctioneers, and 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 the condition of the property, including but not limited to the environmental condition thereof. If the Substitute 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. Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Substitute Trustees, the holder of the indebtedness or Auctioneers. Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser. Time shall be of the essence for the purchaser.

       Authority to cancel this sale rests solely with the Substitute Trustees and/or the Auctioneer. Prospective buyers should disregard all other statements and comments made by any other person or entity regarding minimum bids, pricing and cancellations of the sale. Additional terms may be announced at the time of sale. The Substitute Trustees reserves: (1) the right to accept or reject any or all bids; (2) the right to modify or waive the requirements for bidders’ deposits and terms of sale and/or settlement; (3) the right to withdraw the Property from the sale before acceptance of the final bid; and (4) the right to cancel or postpone the sale.

No Buyer’s Premium

Elizabeth H. Thompson
David S. Lynch, Substitute Trustees