• Alba Law Group, P.A. 11350 M...

Alba Law Group, P.A.

11350 McCormick Road

Executive Plaza III, Suite 200

Hunt Valley, MD 21031

(443) 541-8600

SUBSTITUTED TRUSTEES’ SALE OF

REAL PROPERTY

KNOWN AS NO. 1725 BEDFORD STREET

CUMBERLAND, MD 21502

CASE NUMBER 01-C-17-045927
Under and by virtue of the power of sale contained in a Deed of Trust from David M. Armbruster, recorded among the Land Records of Allegany County in Liber 1053, folio 731, and re-recorded in Liber 1124, folio 161, and Declaration of Substitution of Trustees recorded among the aforementioned Land Records substituting Mark S. Devan, Thomas P. Dore, Brian McNair, and Angela Nasuta as Substituted Trustees, the Substituted Trustees will offer for sale at public auction,  at the Courthouse Door, 30 Washington Street, Cumberland, Maryland, 21502 on Friday, December 15, 2017 at 12:00 PM:
All that lot of ground and the improvements thereon situate in Allegany County, State of Maryland, as described in the Deed of Trust recorded among the Land Records of Allegany County, in Liber 1053, folio 731, and re-recorded in Liber 1124, folio 161, also being further described in a Deed recorded among the Land Records of Allegany County in Liber 672, folio 576.  The improvements thereon consist of a dwelling.
The property will be sold in “AS IS” condition, subject to any existing building violations, restrictions and agreements of record. The purchaser assumes all risks of loss for the property as of the date of sale.  Neither the Substituted Trustees nor their respective agents, successors or assigns make any representations or warranties, either expressed or implied with respect to the property.  The Substituted Trustees shall convey insurable title.
TERMS OF THE SALE:   A deposit in a form acceptable to the Substituted Trustee in the amount of $5,000.00 will be required of the purchaser, other than the Holder of the Note or its assigns, at the time and place of sale.  Any amount tendered at sale in excess of the required deposit will be refunded and not applied to the purchase price.  Unless the purchaser is the Holder of the Note or its assigns, the balance of the purchase price shall be paid immediately with available funds within ten (10) days of the final ratification of the sale by the Circuit Court for Allegany County.  Time is of the essence.  The purchaser, other than the Holder of the Note or its assigns, shall pay interest at the rate of 6.62500% per annum on the unpaid portion of the purchase price from the date of sale to date of settlement.  Real property taxes and assessments shall be adjusted to the date of sale and assumed thereafter by the purchaser.  Ground rent, water and/or sewer charges public or private, if any, shall be adjusted to the date of sale and assumed thereafter by the purchaser.  Cost of all documentary stamps and transfer taxes shall be paid by the purchaser.  Purchaser shall have the responsibility of obtaining possession of the property. 
In the event settlement is delayed for any reason , there shall be no abatement of interest.  If the purchaser defaults, the entire deposit is forfeited.  The Substituted Trustees shall resell the property at the risk and expense of the defaulting purchaser.  The defaulting purchaser shall be liable for the payment of any deficiency in the purchase price, all costs and expenses of both sales, attorney fees, all other charges due, and incidental and consequential damages.  Defaulting purchaser also agrees to pay the Substituted Trustees’ attorney a fee of $350.00 in connection with the filing of a motion to resell.
In the event the Substituted Trustees do not convey title for any reason, purchaser’s sole remedy is return of the deposit. The Purchaser shall have no further recourse against the Mortgagor, the Mortgagee or the Mortgagee's attorney.  The Substituted Trustees shall have the right to terminate this contract in the event the Holder or its Servicer has entered into any agreement with, or accepted funds from, the mortgagor.  Upon termination of the contract, Purchaser’s sole remedy shall be return of the deposit.

 Mark S. Devan, Thomas P. Dore, Brian McNair,
and Angela Nasuta, Substituted Trustees

Tidewater Auctions, LLC

(410) 825-2900

www.tidewaterauctions.com

Cumberland Times-News, 11/30, 12/7, 12/14
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PostedNovember 30, 2017