On-Site Real Estate Auction

4 - BALTIMORE CITY
INVESTMENT PROPERTIES


Sales On Respective Premises
WEDNESDAY, AUGUST 16, 2006

Photo of auction property At 10:30 A.M.
406 N. CLINTON ST.

"Highlandtown"

       Off 3300 Pulaski Hwy. 21224 - Two story townhome, 5 rooms (2 bedrooms), 1.5 baths and basement, lot 15'10" x 70' m/l, annual $240 ground rent. Needs renovation. Deposit: 3,500.



Photo of auction property At 11:00 A.M.
624 N. KENWOOD AVE.

"McElderry Park"

       Between 2700 blks of E. Monument St. And McElderry St. 21205 - Two story brick townhome, 6 rooms (3 bedrooms), 1.5 baths and basement, lot 13'6" x 68' m/l, annual $60 ground rent. Needs renovation. Deposit: $3,500.



Photo of auction property At 11:30 A.M.
516 S. MADEIRA ST.

"Canton"

       Off 2200 Fleet St. 21231 - Two story formstone front townhome, 5 rooms (2 bedrooms), bath and basement, lot 12' x 50' m/l, annual $240 ground rent. Needs total rehabilitation. Deposit: $7,500.



Photo of auction property AT 12 Noon
228 N. LINWOOD AVE.

"McElderry Park"

       Two story brick inside-group townhome, 6 rooms (3 bedrooms), bath, basement; gas forced hot air heat; lot size 14' x 70' m/l; in fee simple. Needs updating. Deposit $7,500.



LOCATION MAPS & DIRECTIONS (for all properties)


TERMS OF SALE

       Deposits, as stated above, payable by certified check or cashier's check, are 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. *Ground rent to be created by a lease for 99 years, redeemable at 6%, renewable forever. Time is of the essence. 5% buyer's premium.