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Go Back FridayMarch 24, 2017 — 9:20am


Substitute Trustees’ Sale: Residential Home in "Medfield"

4435 Newport Ave., Baltimore, MD 21211

Location: To be held at The Circuit Court for Baltimore City, at the Clarence M. Mitchell Court House, 100 North Calvert Street, Court House Door, Calvert Street entrance, Baltimore, MD 21202

ALL THAT FEE-SIMPLE LOT OF GROUND AND THE IMPROVEMENTS THEREON situated in Baltimore City, MD and more fully described in the Refinance Deed of Trust.

The property and improvements will be sold in an “AS IS” condition and subject to agreements, easements, covenants, conditions, restrictions, and other matters of record affecting the same, as well as existing building and/or environmental violations, if any, and with no warranty either expressed or implied as to the description of the condition of the real property or improvements.

Summary terms of sale: A deposit of $10,500 in the form of certified check, cashier’s check or money order, at the time of sale, will be required of all purchasers other than the holder of the note secured by the Deed of Trust or its successors, assigns, or affiliates. The deposit must be increased to 10% of the purchase price within 5 business days of the sale date and said additional deposit shall be made by the purchaser by delivery of same to the Substitute Trustees named herein. The balance of the purchase price is to be paid in immediate­ly available funds, within ten (10) business days after the final ratification of sale by the Circuit Court for Baltimore City, except that if the note holder, or its successors, assigns, or affiliates is the purchaser, payment of the required deposits and purchase price shall be made by crediting the amount thereof to the indebtedness. If the purchaser is not the note holder or its successor, designee, or affiliate, and payment of the balance does not take place within ten (10) business days after the date of ratification, the deposit will be forfeited and the property will be resold at the risk and expense of the defaulting purchaser. The defaulting purchaser shall not be entitled to any surplus proceeds or profits resulting from any resale of the property. In the event the property is purchased by someone other than the note holder or its successors, assigns, or affiliates, interest shall be paid on the unpaid purchase money at the rate contained in the note from the date of sale to the date funds are received in the office of the Substitute Trustees. In the event the settlement is delayed for any reason and the property is purchased by someone other than the note holder or its successors, assigns, or affiliates, there shall be no abatement of interest caused by the delay. Taxes, water, sewer, ground rent, condominium and/or homeowners association dues/fees, if applicable, to 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, are to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. Cost of all documentary stamps, recordation taxes and transfer taxes shall be borne by the purchaser.

The property will be sold in an "AS IS" condition and without any recourse, representations or warranties, either express or implied, as to its nature, condition or description. Neither the Substitute Trustees, the secured party, the note holder nor any other party makes any warranty or representation of any kind or nature regarding the physical condition of, the description of, or title to the property. The purchaser at the foreclosure sale shall assume the risk of loss for the property immediately after the sale.

If the Substitute Trustees are unable to convey the property as described above, by reason of any defect in the title or otherwise, the purchaser's sole remedy at law or in equity shall be limited to the refund of the aforementioned deposit in the amount paid. Upon refund of the deposit to purchaser, the sale shall be void and of no effect, and the purchaser shall have no further claims against the property, the Substitute Trustees, the secured party or the note holder. The conveyance of the property by the Substitute Trustees to the purchaser at settlement shall be by Trustees' Deed without covenant, warranty or representation.

The purchaser is responsible for, and the property is sold subject to, any environmental matter or condition, whether latent or observable, if any, that may exist at or affect or relate to the property and to any governmental requirements affecting the same.

Note: The information contained herein was obtained from sources deemed to be reliable, but is offered for information purposes only. The Auctioneer, the Substitute Trustees, the note holder and the secured party 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 and investigation.

Click Here For The Full Sale Terms In PDF Format


Paul Cooper Auction Agent
410-977-4707
PLEASE NOTE
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.