PUBLIC AUCTION

2 - West Baltimore
INVESTMENT
TOWNHOMES


Sales On Premises
TUESDAY, AUGUST 16, 2005


AT 11:00 A.M.
2728 ELLICOTT DRIVE


"WINCHESTER"

BALTIMORE, MD 21216
Nice Homeowner Block!

LOCATION MAP

BLOCK PLAT

       Located off the 1200 block of Ashurton Street. Two story brick covered porchfront townhome contains: living room, dining room and kitchen with gas range, on the first floor; 3 bedrooms and full bathroom, on the second floor; full basement with laundry area; oil hot water heat; replacement windows. Lot size: 15' x 90', more or less. Annual $90 ground rent. Note: The home is in need of repairs.



AT 11:45 A.M.
3140 STAFFORD STREET


"GWYNNS FALLS"

BALTIMORE, MD 21229
Near St. Agnes Hospital

LOCATION MAP

BLOCK PLAT

       Located off the 400 Block of S. Caton Avenue. Two story formstone townhome contains: living room and den, on the first floor; 2 bedrooms and full bathroom, on the second floor; full basement with kitchen and laundry room; gas forced hot air heat; vinyl double glazed replacement windows. Lot size: 14' x 78', more or less. Annual $66 ground rent.


TERMS OF SALE

       Deposits payable by certified or cashier's check of $2,500 on each property will be required of the purchaser at time and place of sale. The deposits are 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 properties may be resold at the risk and expense of the defaulting 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. Taxes, ground rent 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 properties 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 assumes risk of loss from the date of sale forward. The purchaser waives and releases the Seller, 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 properties, including but not limited to the environmental condition thereof. 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. 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 Seller or Auctioneer. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. Cost of all recordation and transfer taxes to be paid by the purchaser. TIME IS OF THE ESSENCE. NO BUYERS PREMIUM!

ALL PROPERTIES WILL BE OPEN APPROXIMATELY
ONE-HALF HOUR PRIOR TO EACH AUCTION

       THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES DEEMED RELIABLE AND BELIEVED TO BE ACCURATE. HOWEVER, NO EXPRESS OR IMPLIED WARRANTY IS MADE AS TO THE ACCURACY OF THESE REPRESENTATIONS. ALL DIMENSIONS CONTAINED HEREIN ARE MORE OR LESS.