SUBSTITUTE TRUSTEES' SALE
Of Valuable

IMPROVED RESIDENTIAL
REAL ESTATE

Known as:

13435 IDLEWILD DRIVE

BOWIE, MARYLAND 20715
 

Under and by virtue of the power of sale contained in certain Deed of Trust, from Tamara Johnson in favor of Paul Gorgei, dated June 28, 2006, being recorded among the Land Records of Prince George's County, MD in Liber 25935 at Folio 659, default having occurred under the terms there under and at the request of the party secured thereby, the undersigned Substitute Trustees will offer for sale at Public Auction at the Courthouse for the Circuit Court Prince George's County, 14735 Main Street, specifically at the secured entrance of the parking garage that is immediately next to the Bourne Wing/Commissioner's entrance, designated by the presence of the picnic table, Upper Marlboro, MD on
 

MONDAY, JANUARY 7, 2008
AT 11:00 A.M.
 

          ALL THAT PROPERTY SITUATE IN PRINCE GEORGE'S COUNTY, MARYLAND THAT IS TO SAY:
 

LOT NUMBERED THREE (3) IN BLOCK NUMBERED TWO HUNDRED THIRTY-FIVE (235) IN THE SUBDIVISION KNOWN AS "IDLEWILD AT BELAIR", SECTION 78, AS PER PLAT THEREOF DULY RECORDED AMONG THE LAND RECORDS OF PRINCE GEORGE'S COUNTY, MARYLAND IN PLAT BOOK WWW58 AT PLAT 5.

PARCEL #1694116.

COMMONLY KNOWN AS: 13435 IDLEWILD DRIVE, BOWIE, MD 20715.

SUBJECT TO EASEMENTS, RESTRICTIONS AND RESERVATIONS OF RECORD.
 

The property is improved with a four bedroom with 2.5 baths and an attached two (2) car garage residence.
 

The property will be offered for sale in “AS IS” condition subject to all covenants, easements, rights of ways, restrictions, and agreements of record affecting same, if any, and further subject to Prince George's County Building and Zoning Codes and Critical Areas Regulations, and without any warranty, expressed or implied, as to the condition or description of the property or its improvements.
 

TERMS OF SALE: The property will be sold at the discretion of the Substitute Trustees at the end of all bidding. This advertisement, as amended or supplemented by any oral announcements during the conduct of the sale, constitutes the Substitute Trustees' entire statement relative to the premises described herein and the terms and conditions upon which such premises shall be offered for sale, sold, or purchased. The property is being sold subject to an existing first mortgage in favor of America's Wholesale Lender in the principal amount of $275,000.00, which the successful bidder will pay in full at settlement. A deposit of $30,000.00 in Cash, Certified Check, or Cashier’s Check from a responsible banking institution will be required of the purchaser(s) at the time and place of Auction. Should the secured party be the successful purchaser, the secured party and its successors or assigns shall be excused from the aforementioned deposit requirement. The balance of the purchase money, together with interest at the rate of 24% per annum is to be paid in cash, certified check, or cashier’s check within 10 days after Final Ratification of Sale by the Circuit Court for Prince George's County, MD, unless said period is extended by the Substitute Trustees, TIME BEING OF THE ESSENCE.  Should the purchaser(s) default, in addition to any other remedies available at law or in equity, the Substitute Trustees, at their election, may declare the deposit forfeited and resell the property at the risk and expense of the defaulting purchaser(s). In such event, the defaulting purchaser shall be liable for the payment of any deficiency in the purchase price, all costs and expenses of both sales, reasonable attorneys’ fees, all other charges due, and incidental damages.  Adjustments on all taxes, public charges, and special or regular assessments, if any, which are due and payable on an annual basis will be made as of the date of Auction and thereafter assumed by the purchaser(s).  Title examination, title insurance, land survey, conveyancing, State stamps, transfer taxes and all other costs of incident to the settlement of whatsoever kind or amount shall be paid by the purchaser(s). If the Substitute Trustees are unable to convey good and marketable title to the property, the sole remedy of the purchaser(s) shall be limited to the refund of the deposit of the purchaser(s). Upon refund of the deposit, the sale shall be void and of no effect and the purchaser(s) shall have no further claim against the Substitute Trustees, their agents, successors, or assigns.
 

The information contained herein was obtained from sources deemed to be reliable, but is offered for information purposes only. The Trustee does not make any representations or warranties with respect to the accuracy of this information.
 

Steven B. Preller and Diana L. Klein
Substitute Trustees

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