Upcoming Auctions

Summary terms of sale:  A deposit of $5,000 on each property if sold individually or $30,000 if sold as entirety will be required at time of sale, such deposit to be in the form of certified check or cashier check. The deposit must be increased to 10% of the purchase price within 2 business days in the office of the auctioneer in the form of certified check or cashiers check. The Balance of the purchase price is to be paid in cash within ten (10) business days of the final ratification of sale by the Circuit Court for Baltimore City. If payment of the balance does not take place within ten business days of ratification, in addition to any other legal or equitable remedies available to them, the Trustees may declare the entire deposit forfeited and resell the property at the risk and cost of the defaulting purchaser. 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, attorneys' fees and all other charges incurred by the Trustees. Interest to be paid on unpaid purchase money at the rate of 13% per annum from date of sale to the day the funds are received in the office of the Trustees. In the event settlement is delayed for any reason there shall be no abatement of interest caused by the delay. Taxes and water rent to be adjusted to date of sale. Condominium fees and/or Homeowners Association dues, if applicable, shall be adjusted to the date of sale and assumed thereafter by the purchaser. All other public charges and assessments payable on an annual basis, including sanitary and/or metropolitan district charges or Agricultural transfer taxes to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. Cost of all documentary stamps and transfer taxes shall be borne by the purchaser.