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Go Back WednesdayMarch 1, 2017 — 10:05am


Substitute Trustees’ Sale: 2-Story Brick Townhouse in “Druid Heights”

511 Cumberland St., Baltimore, MD 21217

Location: To be held at The Front Of The Baltimore City Courthouse located at 100 N. Calvert Street (Courthouse West – Calvert Street entrance), Baltimore, MD

ALL THAT LEASEHOLD LOT OF GROUND AND THE IMPROVEMENTS THEREON situated in Baltimore City, MD and more fully described in the Deed of Trust.   Tax ID #14-05-0298-028.  Subject to the payment of an annual ground rent of $70.00, payable half-yearly on the 15th days of March and September in each and every year.  

The property is believed to be improved by a 2 story brick townhouse, with 3 bedrooms/2 baths and finished basement with rec room.

The property will be sold in an “AS IS” condition without either express or implied warranty or representation, including but not limited to the description, fitness for a particular purpose or use, structural integrity, physical condition, availability of utilities, flood hazard, lead paint violations, construction, extent of construction, workmanship, materials, liability, zoning, subdivision, environmental condition, merchantability, compliance with building or housing codes or other laws, ordinances or regulations or other similar matters, and subject to easements, agreements and restrictions of record, and to any rights of tenants or other parties or persons in possession which affect the same, if any.

Summary terms of sale: A deposit of $3,500.00 payable in cash, certified check or by a cashier's check will be required from purchaser at time of sale, balance in cash upon final ratification of sale by the Circuit Court of BALTIMORE CITY, interest to be paid at the rate of 7.5% on unpaid purchase money from date of sale to date funds are received in the office of the SUBSTITUTE TRUSTEE(S). The secured party herein, if the purchaser, shall not be required to post a deposit or pay interest. The purchaser will be required to complete settlement of the purchase within TEN (10) DAYS of the ratification of the sale by the Court. In the event that the purchaser fails to go to settlement as required, the aforementioned deposit shall be forfeited and the property will be resold at the risk and expense of the purchaser.  Taxes, ground rent and water rent, if any, to be adjusted to date of sale.  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, recordation and transfer taxes shall be borne by the purchaser.  Physical possession of the property shall be the responsibility of the purchaser.  If the SUBSTITUTE TRUSTEE(S) 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 aforementioned deposit.  Upon refund of the deposit, this sale shall be void and of no effect, and the purchaser shall have no further claim against the SUBSTITUTE TRUSTEE(S).

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 Deed of Trust 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.

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.