REAL ESTATE AUCTION
ESTATE Auction to be Held On-The-Premises of:
501 Catalpa Lane, Edgewood, Maryland 21040
Sale Date: Saturday, September 13th. 2008 @ 11 A.M.
Inspection: 1 Hour Prior to Auction ONLY
Terms of Sale
PUBLIC REAL ESTATE "ABSOLUTE" AUCTION to be SOLD at the Reserved Bid Price of $120,000 or ANY Bid Greater. To Settle the Estate of Doris Lee Rhodes, D.O.D. 3/26/07 - Harford County, .23 +/- Acres Improved by an Dwelling. TERMS OF SALE: Deposit Required $5,000 by Cash or Cashiers Check Only. 5% Buyers Premium. Balance of purchase price, to be paid at settlement by Cash or Cashier’s Check. Settlement is expected to occur no later than 30 Days from Auction Sale. Time Is Of The Essence. Purchaser will pay all costs of all documentary stamps, transfer taxes and recordation fees, Metropolitan taxes and fees, title examination and all costs incidental to settlement. Current year taxes to be adjusted to date of sale and assumed thereafter by purchaser. If the seller is unable to convey good and insurable title to the property, the purchaser's sole remedy in law or in equity shall be limited to the refund of the deposit, the sale shall be void and of no effect, and the purchaser shall have no further claim against the auctioneer or the seller. Non-compliance of settlement date, or above terms, will result in forfeiture of the deposit, and the property will be re-sold at the risk and cost of the defaulting purchaser. Although information is believed to be accurate, you are required to conduct your own Due-Diligence on this property. Broker Co-operation is encouraged and will be offered at a FLAT rate of 2.5%. Brokers MUST Register His/Her Client no later than 24 Hours prior to Auction and abide by the rules set forth by the Auctioneer on the Broker Participation Form. Broker MUST make the initial contact with the office of the Auctioneer.
