Robert B. Greenwalt, Solicitor
611 Frederick Road, Suite 201
Baltimore, MD 21228

SUBSTITUTE
TRUSTEE’S AUCTION


BEREA

BRICK TOWNHOME



Sale On Premises
3010 E. FEDERAL ST.
Off 1500 Edison Hwy.
Baltimore, MD 21213

MONDAY, MAY 22, 2006
AT 1:00 P.M.


LOCATION MAP

       Pursuant to an Order of the Circuit Court for Baltimore City passed in the matter of Robert B. Greenwalt, Substitute Trustee vs. Viola Burton, Defendant (Order for Sale of Real Property Pursuant to Deed of Trust), Case No. 24-O-05-001426, the Substitute Trustee will sell at Public Auction, the following:

       All that leasehold lot of ground and the improvements thereon, situate and lying in Baltimore City, State of Maryland and being more fully described in the Deed of Trust, dated August 4, 2004, recorded among the Land Records of Baltimore City in Book 6031, Page 186; subject to an annual $90 ground rent; lot size 19'9" x 97'8", more or less.

       The property is improved by a two story, porchfront, inside-group brick townhome, believed to contain 6 rooms (3 bedrooms), bath and basement. According to public tax records, the home was constructed in 1950, contains 1,280 square feet of living area and 640 square feet of basement space.

       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. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office. The holder of the indebtedness, if a bidder at the sale, shall not be required to post a deposit. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Baltimore City at the offices of the Substitute Trustee. 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 stated in the foreclosed Deed of Trust Note, from date of sale to date of settlement. All adjustments as of date of sale. 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 property 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 shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of sale forward. The purchaser waives and releases the Substitute Trustee, the holder of the indebtedness, 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 property, including but not limited to the environmental condition thereof. If the Substitute Trustee 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 Substitute Trustee, holder of the indebtedness or Auctioneers. Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser. Time shall be of the essence for the purchaser.

Robert B. Greenwalt, Substitute Trustee