SOLD - FORECLOSURE AUCTION - Thursday, December 3 @ 12:00 pm - Contractor Storage Yard & Vacant R-2 Zoned Lot in Aberdeen, Maryland

SOLD - FORECLOSURE AUCTION - Thursday, December 3 @ 12:00 pm - Auction held at the Circuit Court for Harford County, at the Court House Door, 20 W. Courtland Street, Bel Air, Maryland 21014. Recently used as a contractor storage yard, this property consists of three contiguous parcels totaling 1.42 acres. According to a third-party report, 653 W. Bel Air Avenue and 1 Bouzarth Lane is a 1.03 acre commercially zoned site improved with a 1,769 SF office building, a 2,898 SF metal panel warehouse, and has a B-3, Highway Commercial District zoning. 657 W. Bel Air Avenue is a 0.39-acre vacant lot zoned R-2 residential.

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SOLD - FORECLOSURE AUCTION - Thursday, December 3 @ 12:00 pm - Auction held at the Circuit Court for Harford County, at the Court House Door, 20 W. Courtland Street, Bel Air, Maryland 21014.

Recently used as a contractor storage yard, this property consists of three contiguous parcels totaling 1.42 acres. According to a third-party report, 653 W. Bel Air Avenue and 1 Bouzarth Lane is a 1.03 acre commercially zoned site improved with a 1,769 SF office building, a 2,898 SF metal panel warehouse, and has a B-3, Highway Commercial District zoning. 657 W. Bel Air Avenue is a 0.39-acre vacant lot zoned R-2 residential. The properties are believed to be serviced by public electricity, water, and sewer.

The properties offer excellent signage and exposure opportunities for the occupant. The improvements include storage buildings and ample parking for contractor vehicles, employees, and guests.

Please refer to the Substitute Trustees' Sale of Real Property legal notice for complete terms and conditions of the auction. Please note that the aerial photography includes neighboring properties that are not included in this sale. Aerial photography is intended to give an overview of the property and its community. The property may be occupied. Please do not trespass onto the property.

 

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Location

LAW OFFICES
Shulman, Rogers, Gandal, Pordy & Ecker, P.A.
12505 Park Potomac Avenue, 6th Floor
Potomac, MD 20854
(301) 230-5241
File No.134012.00017

SUBSTITUTE TRUSTEES’ SALE
OF REAL PROPERTY
 
653 WEST BEL AIR AVENUE
657 WEST BEL AIR AVENUE
1 BOUZARTH LANE
ABERDEEN, MD 21001
(the “Property”)
 
Under a power of sale contained in a certain Indemnity Deed of Trust (the “Deed of Trust”) from Mamas Investments, LLC dated September 27, 2017 and recorded in Book 12543, Page 175 among the Land Records of Harford County, MD, default having occurred under the terms thereof, the Substitute Trustees will sell at public auction at the Circuit Court for Harford County, at the Court House Door, 20 W. Courtland Street, Bel Air, MD 21014, on 

December 3, 2020 at 12:00 p.m.

All those Fee-Simple lots of ground and the improvements thereon, if any, identified as Tax ID Nos. 02-007940, 02-013096 and 02-031338 and more fully described in the aforesaid Deed of Trust. 

The Property will be sold in "as is" condition and subject to conditions, restrictions and agreements of record affecting the same, if any, and with no warranty of any kind.  The Property will be sold subject to a prior mortgage, the amount to be announced at the time of sale if available to the Substitute Trustee.


Terms of Sale: A deposit of $5,000.00 by certified check. Balance of the purchase price to be paid in cash within ten days of final ratification of sale by the Circuit Court for Harford County. Interest to be paid on the unpaid purchase money at the rate of 4.25% from the date of sale to the date funds are received in the office of the Substitute Trustees. There will be no abatement of interest in the event additional funds are tendered before settlement or if settlement is delayed for any reason. The noteholder shall not be obligated to pay interest if it is the purchaser. TIME IS OF THE ESSENCE FOR THE PURCHASER. Adjustment of all real property taxes, including agricultural taxes, if applicable, and any and all public and/or private charges or assessments, including water/sewer charges and ground rent, to be adjusted to date of sale and thereafter assumed by purchaser. Condominium fees and/or homeowners association dues, if any, shall be assumed by the purchaser from the date of sale forward. Cost of all documentary stamps, transfer taxes and settlement expenses shall be borne by the purchaser. Purchaser shall be responsible for obtaining physical possession of the Property. Purchaser assumes the risk of loss or damage to the Property from the date of sale forward. Additional terms may be announced at the time of sale.

If the Substitute Trustees are unable to convey good and marketable title, the purchaser's sole remedy in law and equity shall be limited to a refund of the deposit without interest. If the purchaser fails to go to settlement, the deposit shall be forfeited to the Substitute Trustees for application against all expenses, attorney's fees and the full commission on the sale price of the above-scheduled foreclosure sale. In the event of default, all expenses of this sale (including attorney's fees and the full commission of this sale) shall be charged against and paid out of the forfeited deposit. The Substitute Trustees may then re-advertise and resell the Property at the risk and expense of the defaulting purchaser or may avail himself of any legal or equitable remedies against the defaulting purchaser without re-selling the Property. In the event of a resale, the defaulting purchaser shall not be entitled to receive the surplus, if any, even if such surplus results from improvements to the Property by said defaulting purchaser and the defaulting purchaser shall be liable to the Trustee and secured party for reasonable attorney's fees and expenses incurred in connection with all litigation involving the Property or the proceeds of the resale.

                                        Benjamin P. Smith,
                                        Sara A. Clasper
                                        Substitute Trustees