CLASSIFIEDS
00097662 —
Listing Began:
Description
Seller's Comments and Description:
FORECLOSURE SALE ADVERTISEMENT
SUBSTITUTE TRUSTEE’S SALE OF
VALUABLE COMMERCIAL REAL ESTATE
IN PRINCE GEORGE’S COUNTY, MARYLAND
PROPERTY ADDRESS:
5829, 5833, and 5837 Martin Luther King Jr. Highway
Capitol Heights, MD 20743
Under and by virtue of the power of sale contained in that certain Purchase Money Deed of Trust (“Deed of Trust”) from Jessrite Development LLC, as Grantor (“Grantor”), dated as of September 13, 2018, and recorded on September 21, 2018, among the Land Records of Prince George’s County, Maryland (“Land Records”) in Liber 41334 at Folio 556, to Ethan W. Smith, Esquire as Original Trustee (“Original Trustee”), for the benefit of Firstrust Bank (“Lender”), the undersigned SUBSTITUTE TRUSTEE, JOSEPH LECONEY, having been appointed Substitute Trustee under the Deed of Appointment of Substitute Trustees (“Deed of Appointment”), dated as of September 3, 2025, and recorded on September 19, 2025, among the Land Records in Liber 51271 at Folio 180, after the occurrence of a default under the terms thereof, pursuant to that certain Deed of Trust, will offer, at the request of the Lender, the Property (as defined herein) for sale at public auction on:
TUESDAY, NOVEMBER 18 TH , 2025 AT 11:30AM
at the Prince George’s County Circuit Courthouse, in front of the Main Street entrance to the Duval Wing of the Prince George’s County Courthouse Complex, 14735 Main Street, Upper Marlboro, MD 20772. The property which is the subject of this auction consists of all property comprising the trust estate (“Property”) under that certain Deed of Trust, including, but not limited to:
(1) certain real property located in Prince George’s County, Maryland, all as more fully described in that certain Deed of Trust, and described in Exhibit A, as follows:
BEGINNING for the same at a PK Nail in the easterly line of a 40 foot right of way known as Addison (Chapel) Road depicted upon a State Highway Plat made in 04-14-1940 recorded among the Land Records of Prince George’s County Maryland at Plat number 4168 said beginning point also being the southeast corner of Lot 1 shown upon a plat made in December 1931 recorded among the Land Records of Prince Georges County Maryland at Plat File A page 84 entitled “Gregory Heights Part of Scotts Blunder” and running thence along the north line of a 12 foot Alley binding upon the rear (south) lines of Lots 1, 2, 3 and 4 Gregory Heights
1) South 54 degrees 00 minutes 40 seconds West 219.07 feet to PK nail set in the easterly outlines of Lot 5 Gregory Heights recorded among the Land Records of Prince Georges County Maryland at Plat File A page 84 thence binding upon the common property line between Lots 4 and 5
2) North 34 degrees 16 minutes 00 seconds West 85.17 feet to a rebar set with cap in the southerly line of a Variable wide right of way formerly known as Palmer Highway – now known as Martin Luther King Hwy (MD Route 704) – depicted upon State Highways Plats made in 06-10-1961 recorded among the Land Records of Prince Georges County Maryland at Plat numbers 14129 and 14130, and running thence binding upon said Highway passing over Rebars set with cap at the northerly corner points of parts of Lots 4, 3 and 2 (at each north/south property line intersection with Martin Luther King Hwy), said property line being witnessed approximately by an existing edge of concrete walk
3) by a curve to the left of radius of 1475.39 feet the arc distance of 139.67 feet subtended by a chord bearing: North 53 degrees 20 minutes 30 seconds East 139.62 feet to a rebar set with cap, thence binding upon the State Road transition to Addison (Chapel) Road 40 foot R/W
4) North 71 degrees 37 minutes 03 seconds East 28.00 feet to a rebar set with cap;
5) South 68 degrees 39 minutes 35 seconds East 93.01 feet to the place of beginning. CONTAINING 0.3701 Acres of land more or less according to a Survey Plat and Description made in June 2018, by Survey Associates.com see drawing number 59356. The bearings herein are referred to the azimuth of Gregory Heights recorded among the Land Records of Prince Georges County Maryland at Plat File A page 84 and thought to be Magnetic 1931. LS (Seal) David M. Green Prop LS 311 Maryland.
(2) the improvements located thereon; and
(3) all other property pertaining to the foregoing, including, but not limited to, all personal property conveyed by the Deed of Trust.
Said Property shall be sold AS IS and WITH ALL FAULTS. Neither the Substitute Trustee nor the Lender, or their respective agents, successors, and assigns, make any representations or warranties with respect to the Property including, without limitation, representations or warranties as to the structural integrity, physical condition, construction, workmanship, materials, habitability, compliance with applicable zoning regulations, fitness for a particular purpose or merchantability of all or any part of such Property. In addition, the Property will be sold subject to all existing housing, building, zoning and other code violations, if any, subject to all critical area and wetland violations, if any, subject to all environmental problems and violations which may exist on or with respect to the Property, if any, and subject to all matters and restrictions of record affecting the same, if any. Without limiting the generality of the foregoing, the Property will be sold without representation or warranty as to the environmental condition of the Property or the compliance of the Property with federal, state, or local laws and regulations concerning the purchase or disposal of hazardous substances. Acceptance of the Deed to the Property shall constitute a waiver of any claims against the Substitute Trustee, the Lender under the Deed of Trust, and their respective agents, successors, and assigns, concerning the environmental condition of the Property, including, but not limited to, claims arising under the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended, and/or state or local law, ordinances or regulations. The purchaser shall be required to sign an agreement at settlement waiving any cause of action it may have against the Substitute Trustee or Lender for any condition of the Property that may not comply with any federal, state or local law, regulation or ruling including, without limitation, any laws, regulations and rulings relating to environmental contamination or hazardous wastes. The Property shall be sold subject to all recorded and unrecorded liens, ground leases, encumbrances, easements, rights of way, covenants, conditions, restrictions, and mechanics and materialmen’s liens, to the extent any of the foregoing may lawfully apply to all or a portion of the Property being sold and take priority over the liens, assignments and security interests of the Deed of Trust. The Property also shall be sold subject to all leases of spaces and other tenancies within the Property. Title to the Property shall be conveyed by a Substitute Trustee’s Deed without covenants or special warranties. 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.
Additional Terms of Sale: A deposit of $25,000.00 will be required at the time of sale, except that no deposit will be required from the Lender, such deposit to be in the form of a cashier’s check, certified bank check, or in other form acceptable to the Substitute Trustee. The balance of the purchase price is to be paid in cash within thirty (30) days of the final ratification of sale by the Circuit Court for Prince George’s County, and be delivered to the office of Counsel for the Substitute Trustee, as set forth below, in the same form as the initial deposit, TIME BEING OF THE ESSENCE. In the event the purchaser(s) fails to pay the balance of the purchase price as required, in addition to any other legal or equitable remedies available to them, the Substitute Trustee may, without further order of the court or notice to purchaser(s), declare the aforementioned deposit forfeited and resell such Property at the purchaser’s sole risk and expense. In such event, the defaulting purchaser(s) shall be liable for the payment of any deficiency in the purchase price of the second sale, all costs and expenses of both sales, reasonable attorneys’ fees, all other charges due, and incidental damages. 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 lower of six percent (6%) per annum or the maximum rate permitted by applicable law from date of sale to the date funds are received in the office of the Substitute Trustee in the event the Property is purchased by someone other than the Lender. In the event settlement is delayed for any reason, there shall be no abatement of interest. In the event any taxes or other municipal charges, including, but not limited to, sewer fees, public charges and assessments, payable on an annual basis, including sanitary charges, special paving taxes and/or metropolitan district charges, if applicable (“Municipal Charges”), owing on or with respect to the Property, have been prepaid, then such taxes or other Municipal Charges shall be adjusted at settlement between the Substitute Trustee and the purchaser(s) to the date of the sale. All taxes or other Municipal Charges owing on or with respect to the Property, whether arising prior or subsequent to the sale, shall be borne solely by the purchaser and be assumed by the purchaser effective as of the sale. Cost of all documentary stamps, transfer taxes, recordation taxes and fees and all other settlement expenses of any kind for the Property shall be borne by the purchaser.
The Substitute Trustee will not deliver possession of the Property to the successful bidder, who shall be solely responsible for obtaining physical possession of the Property. Purchaser assumes the risk of loss or damage to the purchased Property from the date of sale forward. The Substitute Trustee reserves the right to remove all or any portion of the Property from sale at any time before the sale is announced as final, to reject any and all bids, waive deposit requirements, and extend time for settlement. The Lender or any affiliate thereof may apply the outstanding principal amount of the debt under that certain Promissory Note, and all amendments thereof (“Note”) from Jessrite Development LLC to the order of Firstrust Bank, dated September 29, 2020, the payment of which is secured by the Deed of Trust, or any other debt instrument related to the Property, as a credit to its bid and will not be required to post funds for any such portion of its bid. If there is any conflict between the terms of sale announced at the public auction and the advertised terms of sale, the terms of sale announced at public auction shall govern.
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Jennifer L. Kneeland, Esq.
Watt, Tieder, Hoffar & Fitzgerald, L.L.P.
1765 Greensboro Station Place, Suite 1000
McLean, Virginia 22102
Phone: (703) 749-1026
E-mail: jkneeland@watttieder.com
Counsel for the Substitute Trustees
NOTE: The information contained herein was obtained from sources deemed to be reliable but is offered for informational purposes only. Neither the auctioneer, the Lender, the Substitute Trustee nor any of their agents or attorneys make any representations or warranties with respect to the accuracy of information.
Joseph LeConey, Substitute Trustee
Tidewater Auctions, LLC
410-825-2900
www.tidewaterauctions.com
Washington Times, 11/3, 11/10, 11/17
AD#97662