Unimproved Acreage and Lot in Rhodesdale, Maryland
Substitute Trustee’s Sale
November 20, 2013
Rhodesdale, Maryland 21659
Sale to be held at the front steps of the Circuit Court for Dorchester County 206 High Street Cambridge, Maryland 21613
No Buyer's Premium
Two Parcels to be auctioned – see legal ad for full description. Parcel One – 127.03 +/- Acres, Tax Account # 03-042529 on Maiden Forest Road – Residual agricultural lands includes many tillable acres and potential for possible development. Parcel Two – Lot # 10 off Walker’s Branch, Tax Account # 03-049914 Great Opportunity for Farmers, Homebuilders & Developers!! See also the Auction of 9 Lots that starts at 11:00 A.M.
If a purchaser purchases all of the Property, a deposit in the amount of Fifty Thousand Dollars ($50,000.00), payable by cashier’s or certified check, will be required of the purchaser at the time and place of sale. If a purchaser purchases Parcel One, a deposit in the amount of Forty-Three Thousand Dollars ($43,000.00), payable by cashier’s or certified check, will be required of the purchaser at the time and place of sale. If a purchaser purchases Parcel Two, a deposit in the amount of Seven Thousand Dollars ($7,000.00), payable by cashier’s or certified check, will be required of the purchaser at the time and place of sale. Property is sold in “As-Is, Where-Is” condition.
Manner of Sale
The Trustees may offer Parcel One and Parcel Two for sale separately and reserve the bids or the Trustees may offer all of the Property for sale as an entirety and reserve the bids. The Trustees reserve the absolute and unconditional right to offer the Property for sale in any order or manner as the Trustees deem appropriate and beneficial to the Noteholder. The manner of sale which generates the highest sale price for the Noteholder will be selected by the Trustees. The Trustees reserve the right to reject any and all bids and to withdraw the Property from sale for any reason.