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ONLINE REAL ESTATE AUCTIONS
MONDAY, AUGUST 22, 2022
TUESDAY AUGUST 23, 2022
At the Following Times
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 permitted uses of the property.
Anne Arundel County is home to Maryland’s capital, Annapolis. With almost 54,000 businesses, the county is a major hub of commerce and development with a steady population increase over the last decade. According the Anne Arundel County government website, “Over 570,000 residents call Anne Arundel County home due to the area’s superior quality of life on the Chesapeake Bay, a rich heritage, and proximity to Baltimore and Washington, D.C. The county boasts diverse communities, numerous attractions, educational and employment opportunities and several amenities.
With over 533 miles of coastline, Anne Arundel County is known for boating, fishing, crabbing, water skiing, sailing and swimming. For nature lovers, there are two State parks, four regional parks, 95 community and neighborhood parks, 119 school recreation parks, two sports complexes, and 34 special use areas, including an ice rink, aquatic center, recreation center and boat ramps. The County also offers numerous greenways, including the Anne Arundel County Trails that is an extensive network of recreation and transportation trails that include the B&A Trail, BWI Trail, Broadneck Peninsula Trail, and WB&A Trail, enjoyed by hundreds of walkers, runners, bicyclists and equestrians.”
For more information about the area, please visit:
Anne Arundel County – www.aacounty.org
SUMMARY TERMS OF SALE:
Please see the contracts of sale for complete terms.
A $3,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 P.M. on the day of auction, at the Auctioneer’s office. Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or 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 of 12% per annum, from date of contract to date of settlement. All adjustments, including taxes, all other public charges and assessments payable on a monthly or annual basis, and 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, and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of contract forward. If the Seller is 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 Seller or Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser except where otherwise mandated by local, State or Federal law. Time is of the essence. A 5% or $1,500 buyer’s premium, whichever is greater, will be added to the final bid price.