ABSOLUTE AUCTION SALE
To The Highest Bidders


3 - BRICK RENTAL HOMES

Sales On Respective Premises
MONDAY, JUNE 20, 2005

AT THE FOLLOWING TIMES


AT 11:00 A.M.
2403 DRUID HILL AVENUE

"Penn North"

Baltimore, MD 21217



LOCATION MAP

      Located near Druid Hill Park in the Penn North neighborhood and improved by a 2 story brick townhome containing 6 rooms and bath with gas hot air heat and rented for $375.00 monthly. Lot: 13' x 75'. In Fee Simple.


AT 11:45 A.M.
423 E. CHASE STREET

"Johnston Square"

Baltimore, MD 21202



LOCATION MAP

      Located near an expanding rehab area in the Johnston Square neighborhood and improved by a 3 story brick townhome rented for $315 monthly. Lot: 16' x 75'. In Fee Simple.


AT 12:15 P.M.
813 N. PATTERSON PARK AVENUE

"Milton/Montford"

Baltimore, MD 21205



LOCATION MAP

      Located in the Milton/Montford neighborhood and improved by a 2 story brick townhome containing 6 rooms and bath with gas hot water heat and rented for $575 monthly. Lot: 13'11" x 75'. In Fee Simple.

      Note: The information pertaining to the improvements has been obtained from sources deemed reliable, but no warranty is made either express or implied as to the accuracy of this information. All dimensions are "more or less".

       TERMS OF SALE: A deposit by certified check or cashier's check of $1,500 on each property will be required of the purchaser at time and place of sale. The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers. Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will 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 of 12% per annum, from date of sale to date of settlement. All adjustments as of 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. The property will be sold in an "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein. If the seller 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. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Laws. Cost of all documentary stamps and transfer taxes to be paid by the purchaser. TIME IS OF THE ESSENCE.

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