Fisher & Winner, LLP, Attorneys
315 N. Charles Street
Baltimore, MD 21201

GUARDIAN'S AUCTION

MOUNT CLARE

THREE STORY
BRICK TOWNHOME




Sale On Premises
340 S. CALHOUN STREET
Off 1400 McHenry Street
Baltimore, MD 21223

WEDNESDAY, JANUARY 18, 2006
AT 12:30 P.M.


LOCATION:

340 S. Calhoun Street is situated in the Mt. Clare neighborhood of southwest Baltimore, near the B & O Railroad Museum. Due to the expansion of the University of Maryland Downtown Campus, neighborhood homes are in demand for rehabilitation.

http://www.livebaltimore.com/nb/list/mtclare/

LOCATION MAP

SITE:

Rectangular lot - 12' x 60' m/l

BLOCK PLAT

HOME:

Three story inside-group brick townhome features replacement windows and basement with front exterior exit. The home is believed to contain a living room, dining room, kitchen, 4 bedrooms and bath. The property appears to have been previously renovated, but may have been vandalized.

ZONING:

R6, residential

TAXES:

2005 real property taxes $1,098.00

TITLE:

Subject to an annual $66.00 ground rent. Deed Book 6810, Page 1083. The property is sold free and clear of liens.

TERMS OF SALE:

A $2,000 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, ground rent, 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.

NO BUYER'S PREMIUM.

Louis I. Kaplan and Charles S. Winner,
Guardians of the Property of Gary McCoy