CLASSIFIEDS
00090897 —
Listing Began:
Description
Seller's Comments and Description:
Law Office of Matthew S. Evans
113 Cathedral Street
Annapolis, MD 21401
(410) 626-6009
SUBSTITUTE TRUSTEES’ SALE OF
VALUABLE FEE SIMPLE
COMMERCIAL CONDOMINIUM UNITS
3060 Mitchellville Road,
Unit 213 and Unit 215,
Bowie, MD 20716
Under and by virtue of the power of a Declaration of Easements and Covenants (“Declaration”) applicable to North Oak Professional Condominium Association, Inc. (“Lienholder”), and recorded among the Land Records of Prince George’s County, Maryland in Liber 7160, Folio 526, of which The Neville V. McKenn Irrevocable Trust (“Lienor”) is obligated to pay their duly levied Condominium assessments to North Oak Professional Condominium Association, Inc. (“Lienholder”), and said Declaration secured by a Statement of Condominium Lien, dated June 7, 2021, and recorded among the Land Records of Prince George’s County, Maryland in Book 45694, Page 94, and said Declaration further secured by a Statement of Condominium Lien, dated September 21, 2021, and recorded among the Land Records of Prince George’s County, Maryland in Book 46218, Page 33, and default having occurred under the terms thereof, and at the request of the party secured thereby, the undersigned Substitute Trustees will offer for sale at public auction in front of the entrance to the Duval Wing of the Prince George`s County Courthouse Complex, 14735 Main Street, Upper Marlboro, Maryland, 20772 on:
Tuesday, March 18th, 2025
at
11:30AM
all that lot of ground and the improvements thereon SITUATED IN Prince George’s County, Maryland.
The property is believed to be improved by two commercial condominium units. The property address is 3060 Mitchellville Road, Unit 213 and Unit 215, Bowie, MD 20716.
Said property is in fee simple and is sold in an “as is condition” and subject to all covenants, conditions, liens, restrictions, easements, rights-of-way as may affect same, if any, and with no warranty of any kind.
Terms of Sale: A deposit of $10,000.00 will be required of the purchaser, other than the Holder of the Note or its assigns, at the time of sale, such deposit to be in cash or certified check, or other form acceptable to the Substitute Trustee, in his sole discretion. Balance of the purchase price is to be paid in cash within ten (10) days of the final ratification of sale by the Circuit Court for Prince George’s County. If payment of the balance does not take place within ten (10) days of ratification, the deposit may be forfeited and property may be resold at the risk and expense of the defaulting purchaser. The defaulting purchaser shall not be entitled to any surplus proceeds or profits resulting from any resale of the property. Interest to be paid on unpaid purchase money at the rate pursuant to the deed of trust note from date of sale to date funds are received in the office of the Substitute Trustee in the event the property is purchased by someone rather than the note holder. In the event settlement is delayed for any reason, including, but not limited to, exceptions to the sale, bankruptcy filings by interested parties, or court administration of the foreclosure, there shall be no abatement of interest. Taxes, ground rent, water, condominium fees and/or homeowner association dues, all public charges, assessments payable on an annual basis, including sanitary and/or metropolitan district charges and front foot benefit charges, if applicable, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. 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. 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 void and of no effect, and the purchaser shall have no further claims against the Substitute Trustee.
NOTE: The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. Neither the auctioneer, the beneficiary of the Deed of Trust, the Substitute Trustee nor his agents or attorneys make any representations or warranties with respect to the accuracy of information.
PROSPECTIVE PURCHASERS ARE URGED TO PERFORM THEIR OWN DUE DILIGENCE WITH RESPECT TO THE PROPERTY PRIOR TO THE FORECLOSURE AUCTION. For additional information, please contact the Substitute Trustees.
North Oak Professional Condominium Association, Inc., Lienholder
Tidewater Auctions, LLC
305 West Chesapeake Avenue, Suite 105,
Towson, Maryland 21204
410-825-2900
Washington Times,3/3, 3/10 & 3/17
Ad#90897