Real Estate Auction




Sale On Premises
Off 2800 E. Fairmount Ave.
Baltimore, MD 21224

THURSDAY, MAY 26, 2005 AT 2:00 P.M.



       Ideal property for rental or rehab. - situated on brick paved street one block north of Patterson Park. Two story inside-group formstone front brick townhome, with white marble steps, contains ceramic foyer, living room, dining area, kitchen with ceramic floor and exit to a rear garden courtyard, 2 bedrooms, bath, skylight, full basement with laundry hook-up, gas forced hot air heat, gas water heater 100 amp. elec., wall-to-wall carpeting, lot size 12'2" x 64'4" m/l, in fee simple.

       TERMS OF SALE: A $5,000 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 within 24 hours at the Auctioneer's office. Balance to be paid in cash within 45 days. 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 of 12% per annum, from date of sale to date of settlement. All adjustments, including taxes, all other public charges and assessments payable on an annual basis, and 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, and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of sale forward. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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 Auctioneers. Recordation costs and transfer taxes to be paid by the purchaser. Time is of the essence.

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