Dennis C. McCoy, Attorney
220 Prince George Street
Annapolis, MD 21401

ABSOLUTE
ESTATE AUCTION

To The Highest Bidder - Regardless of Price!

EAST BALTIMORE
Near Butcher's Hill

TOWNHOUSE SHELL



Sale On Premises
2319 E. FAYETTE STREET
Corner N. Bradford Street
Baltimore, MD 21224

WEDNESDAY, JANUARY 25, 2006
AT 11:00 A.M.


LOCATION:

2319 E. Fayette Street is situated in rapidly redeveloping East Baltimore, one block north of Patterson Park, within walking distance of Fells Point and Canton. The "Patterson Park/Highlandtown" neighborhood listing in the National Register of Historic Places provides an opportunity for historic tax credits.

For a neighborhood description, visit:
http://www.livebaltimore.com/nb/list/pattpk/

LOCATION MAP

SITE:

Rectangular, corner lot - 13' x 75', more or less

BLOCK PLAT

BUILDING:

Two story brick end-of-group building, appears to have been a storefront, possibly converted to a townhome - boarded. Potential parking area in rear.

ZONING:

R8, residential

TAXES:

2005 real property taxes - $561.20

TITLE:

In fee simple. The property will be sold free and clear of liens. Deed Book 630, Page 3.

TERMS OF SALE:

A $3,000 deposit, payable by certified check or cashier's check, will be required of the purchaser at time and place of sale. It the purchase price exceeds $30,000, 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.

NO BUYER'S PREMIUM.

Broker Participation is invited, see our:
BROKER REGISTRATION FORM

Sale by order of:

Philomena Goray, Remainderman and Personal Representative of
The Estates of Angelo Russo and John Russo

Frederick Adams and Joyce Dachille, Personal Representatives of
The Estate of Rose Adams

Joseph Russo, Jr., Personal Representative of
The Estate of Joseph Russo, Sr.