Two Story Home

Listing Details

Sold Price
Auction Date
Auction Time
9:05 AM
Auction Note
Sale To Be Held At Courthouse Door: ST. PAUL STREET ENTRANCE, Circuit Court for Baltimore City, Clarence M. Mitchell, Jr., Courthouse
4120 Moravia Road, Baltimore, MD, 21206
Baltimore City
Additional Documents
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David H. Cohen, Solicitor
Cohen and Forman, LLC
334 St. Paul Place
Baltimore, MD 21202


Known As
Baltimore City, MD 21206

Sale To Be Held At Courthouse Door
Circuit Court for Baltimore City
Clarence M. Mitchell, Jr., Courthouse
Between Fayette & Lexington Streets
Get directions with Google Maps

FRIDAY, MARCH 27, 2015
AT 9:05 A.M.

    Under and by virtue of the power of sale contained in a certain Purchase Money Deed of Trust, Assignment of Rents and Security Agreement (the "Deed of Trust") from 4120 Moravia Road Land Trust LLC and 4507 Schley Avenue Land Trust and Andrew Osazuwa, Trustee of 4507 Schley Avenue Land Trust to Robert Martinez, Trustee, dated April 1, 2011, and recorded among the Land Records of Baltimore City, Maryland, in Liber 12565, Page 181, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Trustee will sell at Public Auction, at the Courthouse Door, the following:

    All that fee simple lot of ground and the improvements thereon, situate and lying in Baltimore City, State of Maryland and being more fully described in the above-referenced Deed of Trust; lot size 48' x 74'5", more or less.

    The improvements are believed comprise a two story covered porchfront masonry detached home, containing a living room, dining room, kitchen, 3 bedrooms, bath and unfinished basement.

    TERMS OF SALE:  A $12,000 deposit, payable by certified check or cashier's check, will be required of the purchaser at time and place of sale.  The deposit shall be increased to 10% of the purchase price by 12:00 Noon, Monday, March 30, at the Auctioneer's Office.  The holder of the indebtedness, if a bidder at the sale, shall not be required to post a deposit. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Baltimore City at the offices of Cohen and Forman, LLC.  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 stated in the Note executed in connection with the  foreclosed Deed of Trust, from date of sale to date of settlement.  If settlement is delayed for any reason, there will be no abatement of interest.  All adjustments as of date of sale.  Taxes 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.  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 Trustee, the holder of the indebtedness, 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 Trustee 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 Trustee, 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.

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Robert Martinez, Trustee