Huesman, Jones and Miles, LLC
11350 McCormick Road, EP I, Suite 407
Hunt Valley, MD 21031
SUBSTITUTE TRUSTEE’S AUCTION
_________________________
REISTERSTOWN
2 - COMMERCIAL LOTS
Total 0.95± Acre ? Zoned BM
To Be Sold As An Entirety
Known As
108 WESTMINSTER PIKE
a/k/a 104-108 Westminster Pike
Baltimore County, MD 21136
Sale On Premises
TUESDAY, SEPTEMBER 19, 2023
AT 11:00 A.M.
Under and by virtue of the power of sale contained in a certain Deed of Trust, Security Agreement and Assignment of Contracts, Leases and Rents from Pedro Rodriguez to the Trustees therein, dated November 17, 2020 and recorded among the Land Records of Baltimore County, MD, in Book 43881, Page 58 (the “Deed of Trust”), the holder of the indebtedness secured thereby having appointed the undersigned to act as Substitute Trustee, 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 Baltimore County, Civil No. C-03-CV-23-002743), the undersigned Substitute Trustee will sell at Public Auction, on the premises, the following:
All those fee simple lots of ground and the improvements thereon, situate and lying in Baltimore County, State of Maryland and being more fully described in the above-referenced Deed of Trust.
The property is comprised of two lots with separate tax bills. 104 Westminster Pike (Tax Account No. 200006395), is unimproved and comprises 0.50 acre. The adjacent 108 Westminster Pike (Tax Account No. 200005394), comprises 0.45 acre, is improved by a frame two story home in poor condition, and is gravel paved. The parcels front a total of approximately 140' along the north side of Westminster Pike (MD-140), with depths of approximately 264', comprising a total of 0.95 acre of land. Both parcels appear to be located in a BM, Business Major zoning district, with a small portion in the rear located in a DR 3.5, residential district. Public utilities are believed to be available. The site adjoins a Sherwin Williams paint store and is just west of a St. John’s Properties office complex.
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.
TERMS OF SALE: A $25,000 deposit, payable by 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 Baltimore County at the offices of the Substitute Trustee. 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 Note executed in connection with the foreclosed 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 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 Trustee, 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 Trustee 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 Substitute Trustee, 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 Trustee 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 Trustee 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 Buyers Premium
Gerard F. Miles, Substitute Trustee
