Join Our Mailing List

Go Back ThursdayJanuary 26, 2017 — 2:00pm

Substitute Trustees’ Sale: 2-Story End-Of-Group Townhouse in "Brooklyn"

427 Maude Ave., Baltimore, MD 21225

Location: On the Premises

Sale to be held on the premises

ALL THAT FEE-SIMPLE LOT OF GROUND AND THE IMPROVEMENTS THEREON, if any, situated in Baltimore City, MD and more fully described in the Purchase Money Deed of Trust.  Tax ID No. 25-06-7067-027.

The property is believed to be improved by a 2-story end of group townhouse containing 3 bedrooms, 1 bath and a full unfinished basement.

The property and improvements, if any, will be sold in an “AS IS, WHERE IS” condition and subject to all conditions, restrictions, existing building and/or environmental violations, covenants, agreements, whether or not of record, affecting or benefitting the same, if any, and with no warranty either expressed or implied as to the description of the condition of the property or improvements.

Summary terms of sale: A deposit of $5,000 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 Deed of Trust or its affiliate. The deposit(s) must be increased to 10% of the purchase price within 2 business days, and delivered to the office of the auctioneer in the same form as the initial deposit.  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 (10) business days 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.  Interest to be paid on unpaid purchase money at the rate of 6.375% per annum from date of sale to the date funds are received in the office of the Substitute Trustees, in the event the property is purchased by someone other than the note holder. In the event the settlement is delayed for any reason and the property is purchased by someone other than the note holder, there shall be no abatement of interest caused by the delay. Taxes, water rent, ground rent, condominium fees, and/or homeowners association dues, 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 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.

If the Substitute Trustees are 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, the sale shall be void and of no effect, and the purchaser shall have no further claim against the Substitute Trustees. The purchaser at the foreclosure sale shall assume the risk of loss for the property immediately after the sale.

Click Here For The Full Sale Terms In PDF Format

Paul Cooper Auction Agent
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.