410 546 2425

35640 Woodyard Road, Willards, Maryland

Email:  ruth@prauctions.com


OPEN INSPECTIONS:  THURSDAYS, FEBRUARY 23 & MARCH 2 FROM 4:00 PM TO 5:30 PM

JOSEPH E. MOORE

CHRISTOPHER T. WOODLEY

ASSIGNEES

WILLIAMS, MOORE, SHOCKLEY & HARRISON, L.L.P.

3509 Coastal Highway

Ocean City, Maryland 21842

 

ASSIGNEES’ SALE OF VALUABLE

IMPROVED RESIDENTIAL PROPERTY KNOWN AS

613 HOLIDAY DRIVE, POCOMOKE CITY,

WORCESTER COUNTY, MARYLAND 21851


 

Under and by virtue of the Power of Sale contained in a certain Mortgage dated August 17, 2001, and recorded among the Land Records of Worcester County, Maryland, in Liber S.V.H. No. 3111, folio  040, et seq., the Assignees having been appointed by instrument duly recorded among the Land Records, for purposes of foreclosure, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Assignees will sell the following described property at public auction, to be held at:

 

THE FRONT DOOR OF THE COURTHOUSE

CIRCUIT COURT FOR WORCESTER COUNTY

1 WEST MARKET STREET

SNOW HILL, MARYLAND 21863

ON FRIDAY, MARCH 3, 2017

AT 10:00 A.M.

 

ALL that lot or parcel of land situate, lying and being in the First Election District of Worcester County, Maryland, and within the corporate limits of Pocomoke City, designated and distinguished as Lot No. Four (4) in Block 3, as shown on a plat designated and distinguished as “Map of Holiday Manor, Pocomoke City, Maryland”, surveyed and platted December 3, 1958, by G. Oliver Morrell, Registered Land Surveyor.

 

The property is located at 613 Holiday Drive, Pocomoke City, Maryland, contains approximately 8,400 square feet of land, and is improved by a residence containing approximately 1,632 square feet.  Reference to the site is made for a more complete description.

 

TERMS OF SALE: A deposit of Five Thousand Five Hundred Dollars ($5,500.00) will be required of the purchaser in the form of cash, certified or cashier’s check at the time and place of sale, or other form of security, at the sole discretion of the Assignees; the balance to be secured to the satisfaction of the Assignees and represented by a Promissory Note, conditioned upon the conveyance of good and marketable title.  The balance in cash will be due at settlement which shall be within fifteen (15) days after final ratification of sale by the Circuit Court of Worcester County unless said period is extended by the Assignees, their successors or assigns for good cause shown, time being of the essence.  Interest at the rate of 7.75% per annum shall be paid on unpaid purchase money from date of sale to the date the funds are received in the office of the Assignees, if the property is purchased by an entity other than the noteholder. Time is of the essence for the Purchaser.  The property will be sold subject to all conditions, liens, restrictions, and agreements of record affecting same, if any. Taxes, water charges, sanitary commission charges, assessments and liens or encumbrances for sewer, water, drainage, or other public improvements completed or commenced on or prior to the date of sale or subsequent thereto, if any, are to be adjusted and apportioned as of the date of sale and are to be assumed and paid thereafter by purchaser, whether assessments have been levied or not as of date of settlement.  If applicable, the property is sold subject to the imposition of the Agricultural Transfer Tax set forth in the Maryland Code and which shall be Purchaser’s sole responsibility.  Cost of all documentary stamps, transfer taxes, document preparation and title insurance shall be borne by the Purchaser.  If Purchaser fails to pay the balance of the purchase price following ratification of the sale, the deposit shall be forfeited and the property resold at the risk and cost of the defaulting purchaser.  If the Assignees are unable to convey good and marketable title to the property, the purchaser’s sole remedy at law or in equity shall be limited to the refund of the deposit to the purchaser.  Upon refund of the deposit, this sale shall be void and of no effect, and the purchaser shall have no further claim against the Assignees.  The improvements are being sold in an “AS IS” condition, with no warranties expressed or implied, with Purchaser responsible for any and all housing or zoning code violations.  The risk of loss passes at date of sale. The purchaser shall be responsible for obtaining physical possession of the property.

 

The Assignees reserve the right to reject any and all bids in their sole discretion.

 

For information, please contact the undersigned at (410) 289-3553.

 

                                                                        Joseph E. Moore

                                                                        Christopher T. Woodley

                                                                        Assignees

                                                                        3509 Coastal Highway

                                                                        Ocean City, Maryland 21842

 

                                                                        Pete Richardson Auction Sales

                                                                        prauctions.com

                                                                      
  410-546-2425