Go Back WednesdayMarch 1, 2017 — 10:30am
Substitute Trustee’s Sale: 2-Story End-Of-Group Townhouse in "Madison-Eastend"
744 N. Linwood Ave., Baltimore, MD 21205
Location: On the Premises
Sale to be held on the premises
ALL THAT LEASEHOLD 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 #07-17-1628-030. The property will be sold subject to an annual ground rent of $96, payable on the 18th day of May and November in each and every year.
The property will be sold in an "as is" condition and subject to conditions, restrictions and agreements of record affecting the same, if any and with no warranty of any kind.
Summary terms of sale: A deposit of $4,000 by cash or certified check. 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 of the purchase price to be paid in cash within ten days of final ratification of sale by the Circuit Court for Baltimore City. Interest to be paid on the unpaid purchase money at the rate pursuant to the Deed of Trust Note from the date of sale to the date funds are received in the office of the Substitute Trustee. If the purchaser fails to go to settlement within ten days of the ratification, the deposit shall be forfeited to the Substitute Trustee and all of the expenses of this sale (including attorney fees and full commission on the gross sale price of the sale) shall be charged against and paid out of the forfeited deposit. Purchaser(s) acknowledge the obligation to settle within ten days of ratification of the foreclosure sale. In the event that settlement does not occur within ten days, the purchaser(s) shall be in default. Upon such default, the Substitute Trustee shall file a Motion and Order to resell the property at the risk and expense of the defaulting purchaser(s). Purchaser(s) hereby consent to entry of such resale order without further notice. The defaulting purchaser(s) shall not be entitled to any surplus proceeds or profits resulting from any resale of the property. In the event settlement is delayed for any reason, including, but not limited to, exceptions to the sale, bankruptcy filings by interested parties, court administration of the foreclosure or unknown title defects, there shall be no abatement of interest. Taxes, ground rent, water, condominium fees and/or homeowners association dues and all public charges including electrical, sanitation and/or metropolitan district charges, if applicable, are to be adjusted for the current year to the date of sale and assumed thereafter by the purchaser. Cost of all documentary stamps, transfer taxes and settlement expenses shall be borne by the purchaser. 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 Trustee is unable to convey good and marketable title, the purchaser’s sole remedy in law and equity shall be limited to a refund of the deposit.
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.