Go Back FridayMarch 3, 2017 — 12:00pm
Receiver’s Sale: 6,500 +/- SQ. FT. Building on a 0.76 +/- Acre Lot Near Johns Hopkins Hospital on the Corner of Orleans Street
249 Aisquith St., Baltimore, MD 21202
Lot size was obtained from public tax records and is more or less. Property is believed to be zoned R-8 (General Residential). The property will require renovations. The property is in fee-simple.
Important: The property will be sold subject to Vacant House Notices (“VHN”) by the City of Baltimore. The purchaser shall be required to rehabilitate the property according to the Order(s) under that VHN.
ALL BIDDERS MUST APPLY TO PRE-QUALIFY by February 20, 2017. Bidders who are not pre-qualified SHALL NOT be allowed to participate in the auction – NO EXCEPTIONS. CLICK HERE FOR THE BIDDER APPLICATION INSTRUCTIONS
5% Buyers Premium Added To The Hammer Price
Summary terms of sale: A $20,000 deposit, payable by certified check or cashier's check (NO CASH), will be required of the purchaser at time and place of sale. The deposit must be increased to 10% of the purchase price within 2 business days after the sale at the office of the auctioneer in the same form as the original deposit. Balance to be paid in cash at settlement, which shall take place within ten (10) days following final ratification of the sale by the District Court of Maryland for Baltimore City at a location designated by the Receiver. If payment of the balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the purchaser. Interest to be charged on the unpaid purchase money, at the rate of 10% per annum, from date of sale to date of settlement. All adjustments as of date of sale. Taxes ground rent, and all other public charges and assessments payable on an annual basis, including sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. The property will be sold in "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions or covenants of record affecting same, if any, as well as existing zoning. The fee simple title stated on the property is as determined from sources deemed to be reliable, and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Any ground rent determined to be on the property, including the redemption thereof, is the sole responsibility of the purchaser, irrespective of whether that ground rent is stated within the advertisement or contract of sale. Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of sale forward. The purchaser waives and releases the Receiver, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. If the Receiver is unable to convey good and marketable title, the purchaser's sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Receiver, the holder of the indebtedness or Auctioneers. Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser. Time shall be of the essence for the purchaser.
Due to the nature of the Receivership action and the Order of the District Court of Maryland for Baltimore City, Purchaser shall not assign this Contract without prior, written permission of the Receiver, which may be withheld in Receiver's sole and absolute discretion.
The information contained herein was obtained from sources deemed reliable, but is offered for informational purposes only. The Auctioneer, the Sellers, and their respective agents and representatives do not make any representations or warranties with respect to the accuracy of the information contained herein. Prospective purchasers are urged to make their own inspection.