410 546 2425

35640 Woodyard Road, Willards, Maryland

Email:  ruth@prauctions.com


JOHN B. ROBINS, IV, ESQUIRE

ROBINS & ROBINS, P.A.

128 East Main Street

Salisbury, Maryland 2l801

 

ASSIGNEE’S SALE OF RESIDENTIAL REAL ESTATE

27905 OCEAN GATEWAY, SALISBURY, MD 21801

 

Pursuant to power of sale contained in a Mortgage filed for foreclosure in Case No. 22-C-16-001631 in the Circuit Court for Wicomico County, Maryland, the undersigned Assignee will offer the following described real estate for sale to the highest bidder at public auction to be held at front steps of the Wicomico County Circuit Courthouse, North Division Street Entrance, 101 North Division Street, Salisbury, Maryland, on

                       

TUESDAY, JANUARY 24, 2017, at the HOUR OF 10:00 A.M.

 

ALL that lot, tract or parcel of land situate, lying and being in the Salisbury Election District of Wicomico County, State of Maryland, between Salisbury and Mardela on U.S. Route 50 (now known as Ocean Gateway), located about 3300 feet Southeast of the Rockawalkin Road which is described as follows: Beginning at a cement post set in the Southwesterly side or right-of-way line of said U.S. Route 50, at a point distant 52 feet in a straight line along said side of said road Northwest from a culvert pipe, it being the Northeast corner of the land of James S. Adkins; (1) thence South 8 degrees 18 minutes West, binding along the Easterly outline of land of James S. Adkins, a distance of 591 feet to an iron pipe set in the center line of a 6 foot ditch; (2) thence by and with said line of said ditch North 81 degrees East 259 feet; (3) thence by and with said line of said ditch North 64 degrees East 198 feet; (4) thence North 48 degrees 55 minutes East 107 feet to a cement post set in said Southwesterly right-of-way line of U.S. Route 50; (5) thence by and with said side of said right-of-way line a distance of 581.83 feet in a curved line to the place of beginning, containing 3.95 acres of land, more or less, and being the same property shown on property survey for Philip P. Schilser and Etta L. Schilser dated May 17, 1961, prepared by G. F. Schafer, Surveyor, which said Plat is duly recorded among the Land Records of Wicomico County, Maryland, in Liber J.W.T.S. No. 524, Folio 24.

 

IMPROVEMENTS:  The property is improved by a residential dwelling known as 27905 Ocean Gateway, Salisbury, MD 21801 and is identified by tax account number 09-028196.  

 

TERMS OF SALE:   The property will be sold to the highest bidder at public auction.  The purchaser will be required to tender on account of the purchase price at the time and place of sale cash, certified funds, or check acceptable to the undersigned, in the amount of Ten Thousand Dollars ($10,000.00).  If the party secured by the Mortgage is the successful bidder, no deposit will be required, and the cash deposit or price shall be credited against the obligation.  The deferred portion of the purchase price shall be evidenced by the Promissory Note of the Buyer, bearing no interest provided settlement is made and the full price tendered on or before fifteen days after the date of ratification of the sale by the Circuit Court for Wicomico County, Maryland; otherwise the deferred portion of the purchase price shall bear interest from the date of sale at the rate of six percentum (6%) per annum.  Neither the Assignee nor the auctioneer make any representation or warranty concerning the property or the improvements, the same being sold “as is”; and, if for any reason the Assignee is unable to deliver good and marketable title, subject only to easements, rights of way and residential use restrictions of record, the sole and exclusive remedy of the Buyer shall be a refund of the deposit money.  Neither Assignee, auctioneer or note holder are aware of any violation of any federal, state or municipal environmental law or regulation; however, in the event any such violations exist, they are not responsible for same.  All settlement costs, including, but not limited to, document preparation, recordation and transfer taxes, including agricultural transfer tax, if any, recording costs, and title examination, if any, shall be the obligation of the Buyer.  State, County, and municipal property taxes and assessments, shall be adjusted as of the date of sale.   Buyer shall be entitled to possession upon final settlement and payment of the purchase price in full, which shall occur not later than fifteen days after final ratification of the sale by the Circuit Court for Wicomico County, Maryland, time being of the essence. 

 

                                                                              John B. Robins, IV, Assignee

                                                                              410-749-3791