00104241 —

Aug 22-9:10
Listing Began:

Description

Seller's Comments and Description:

LTX Law Group / Wittstadt et als., Trustees

1966 Greenspring Drive, Suite LL2

Lutherville-Timonium, Maryland 21093

(410) 238-2840

PUBLIC AUCTION OF

VALUABLE SHARE CERTIFICATE AND PROPRIETARY DOCUMENTS IN PRINCE

GEORGE’S COUNTY, MARYLAND, ENTITLING POSSESSION OF A COOPERATIVE UNIT

KNOWN AS

1C RIDGE ROAD

GREENBELT, MD 20770

Due to a default in the Security Agreement by and between Jennifer M. Clark and Gearoid Carroll and National City Mortgage, dated July 20, 2007, said default having not been cured, the current secured party, through their undersigned counsel will sell the Valuable Share Certificate and Proprietary Documents in Greenbelt Homes, Inc. housing cooperative (the "Cooperative") allotted to Unit 83 at public auction at the Circuit Court for Prince George's County, 14735 Main St., Upper Marlboro, MD 20772 at the front of the Main St. entrance to Duval Wing of courthouse complex

ON TUESDAY SEPTEMBER 1, 2026 at 11:30 AM

The Proprietary Documents will be sold subject to the Articles of Incorporation, by-laws, Mutual Ownership Contract and house rules and regulations of the Cooperative and subject to monthly cooperative fees in the amount of $755.35. The Proprietary Documents entitle the owner to the use and. occupancy of the cooperative unit. Transfer of the sale certificate shall be subject to the approval by the Cooperative of the purchaser as an active member Among other things, the Cooperative will require any purchaser to occupy the property. It is the obligation of the Purchaser to obtain said approval from the Cooperative. Purchaser shall be subject to use and occupancy restrictions and other provisions of the Cooperative's governing documents thereafter which require the unit to be owner occupied. The proprietary document will be sold subject to underlying liens held by Greenbelt Homes, Inc. totaling $52.35 as of July 20, 2026.

Terms of Sale: The sale of the proprietary documents will be sold "as is"and subject to conditions, restrictions, easements and agreements affecting the Proprietary Documents, if any and with no warranty of any kind. A deposit of $14,000.00 by cash or certified funds only is required at the time of auction. Balance of the purchase price to be paid in cash within thirty days. At the discretion of the secured party or its counsel, the purchaser if a corporation or LLC, must produce evidence, prior to bidding, of the legal formation of such entity. The purchaser, other than the Holder of the Note, its assigns, or designees, shall pay interest on the unpaid purchase money at the rate of 6.375% per annum from the date of foreclosure auction to the date funds are received in the office of the undersigned.

In the event settlement is delayed for any reason , including but not limited to failure to obtain approval from the Cooperative, there shall be no abatement of interest. Cost of any settlement expenses, including governmental liens and liens of the Cooperative and all other costs incident to settlement, shall be borne by the purchaser. Purchaser shall be responsible for obtaining physical possession of the unit. Purchaser assumes the risk of loss or damage to the property from the date of sale forward.

TIME IS OF THE ESSENCE. If the purchaser shall fail to comply with the terms of the sale or fails to go to settlement within thirty days, or at such time agreed upon in writing with undersigned counsel, in addition to any other available remedies, the undersigned counsel may, declare the entire deposit forfeited and resell the property at the risk and cost of the defaulting purchaser without further notice. In such event, the defaulting purchaser shall be liable for the payment of any deficiency in the purchase price, all costs and expenses of resale, reasonable attorney's fees, and all other charges due and incidental and consequential damages, and any deficiency in the underlying secured debt. The Purchaser shall not be entitled to any surplus proceeds or profits resulting from any resale of the property. If the undersigned counsel cannot convey the property herein described, the purchaser's sole remedy at law or in equity shall be the return of the deposit without interest. The sale is subject to post-sale confirmation and audit of the status of the loan with the loan servicer including, but not limited to, determination of whether the borrower entered into any repayment agreement, reinstated or paid off the loan prior to the sale. In any such event, this sale shall be null and void, and the Purchaser's sole remedy, in law or equity, shall be the return of his deposit without interest.

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 undersigned counsel.

Counsel to the Secured Party:

Mark H. Wittstadt, Esq.

Gerard F. Miles, Jr., Esq.

Cole Luthy, Esq.

Wittstadt & Wittstadt, PA d/b/a LTX Law Group

410 238 2840

Tidewater Auctions, LLC

PO Box 9, Phoenix, MD 21131

410-825-2900

www.tidewaterauctions.com

Washington Times, 8/17, 8/24, 8/31

AD#104241





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