Substitute Trustees' Sale - Real Estate - Residential

SUBSTITUTE TRUSTEES' SALE OF VALUABLE RESIDENTIAL REAL ESTATE commonly known as 15 S. Higgins Street, Easton, Talbot County, Maryland.  The Substitute Trustees will sell at public auction, at the Talbot County Circuit Courthouse door, 11 N. Washington Street, Easton, Maryland on January 7, 2022 at 1:00 P.M.



commonly known as 15 S. Higgins Street, Easton, Talbot County, Maryland


             Under and by virtue of the power and authority contained in a Purchase Money Deed of Trust from Mario Romeo Tomas-Mejia dated May 18, 2009 and recorded at Liber 1697, folio 339 in the Talbot County Land Records and assigned to REBCO, LLC, by an Assignment dated July 5, 2015 and recorded among said Land Records in Liber 2277, folio 231, default having occurred under the terms thereof, the holder of the indebtedness secured by the Purchase Money Deed of Trust having appointed Alexis E. Kramer and William C. Chapman as Substitute Trustees by instrument duly executed, acknowledged and recorded among the Land Records of Talbot County, the undersigned Substitute Trustees, will sell at public auction, at the Talbot County Circuit Courthouse door, 11 N. Washington Street, Easton, Maryland on:


January 7, 2022 at 1:00 p.m.


            ALL that lot or parcel of land situate in the Town of Easton, Talbot County, Maryland, fronting on Higgins Street containing 4,268.54 square feet and more particularly shown upon a Plat entitled, “MAP SHOWING WALKER TRACT LOT NO. 15 S. HIGGINS ST. SURVEYED FOR GLENN A. S. AND CHRISTINE STARTT IN THE TOWN OF EASTON, MARYLAND”, made by Kastenhuber and Anderson in August 1964 and recorded among the Plat Records of Talbot County in Liber JTB No. 18, folio 80. 

            TERMS OF SALE:  A cash deposit or certified funds of $20,000.00 shall be paid at the time and place of sale, balance in cash at settlement, which shall be 20 days after final ratification of the sale by the Circuit Court for Talbot County, unless said period is extended by the Substitute Trustees for good cause shown; time being of the essence; interest at the rate of 6.75% per annum shall be paid on the unpaid purchase price from date of sale to date of settlement. Purchaser shall be responsible for obtaining physical possession of the property.  Purchaser assumes the risk of  loss or damage to the property from the date of sale forward.  If the Substitute Trustees are unable to convey good and merchantable title, purchaser’s sole remedy shall be limited to a refund of the deposit and cancellation of the sale.  In the event the purchaser fails to go to settlement as required, the property will be resold at purchaser’s risk and expense.  Purchaser consents to the personal jurisdiction of the Maryland Courts.  The property is sold in an "AS IS" condition and subject to covenants, conditions, declarations, restrictions, by-laws and plats, and utility agreements of record, if any, affecting the property.


            Taxes shall be prorated as of the date of sale and assumed thereafter by the purchaser.  All other outstanding public charges or public assessments, including but not limited to water, rent, front foot benefit, condominium fees, sewer, sanitary and/or City, County or Town charges, as well as any tax sale amounts, costs and/or attorney’s fees, shall be paid by purchaser whether incurred prior to or after the sale.  All quantities of land are "more or less," without survey or warranty.  Information contained herein is believed accurate but is without warranty.  Costs of all recording fees, transfer taxes, agricultural taxes/fees, document preparation and title examination and insurance shall be borne by purchaser, i.e., contrary to those provisions of the Maryland law which would, in the absence of this stipulation, require that recording and transfer taxes be divided equally between the seller and the buyer.  Purchaser agrees to pay a reasonable fee for any other services rendered by seller’s attorney at the request of purchaser or due to purchaser’s failure to comply with the terms of the sale.           

            The Substitute Trustees reserve the right (i) to waive or modify the deposit requirement; (ii)  to approve the creditworthiness of any bidder or final purchaser; (iii) to withdraw all or part of the property from sale at any time prior to the termination of bidding; (iv) to keep the bidding open any length of time; (v) to reject any or all bids; and (vi) to postpone the sale, all as the Substitute Trustees may determine in their sole discretion.


                                                            Alexis E. Kramer

                                                            William C. Chapman

                                                            Substitute Trustees



                                                            A. Curtis Andrew, Auctioneer

                                                            A. Curtis Andrew Auction, Inc.

                                                            (410) 754-8826



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