Real Estate Auction

3 - BALTIMORE CITY
"PRE-HAB" PROPERTIES

(Renovation Required)

Sales On Premises
WEDNESDAY, MARCH 15, 2006

Photo of auction property At 11:00 A.M.
512 N. GLOVER ST.
"McElderry Park"

       East Baltimore, off 2600 Jefferson St. 21205 - two story brick townhome, lot size 12'5" x 65' m/l, in fee simple. 2005 taxes $512.40. Vacant.

For a neighborhood description of McElderry Park, visit:
http://www.livebaltimore.com/nb/list/McElderryPark/

LOCATION MAP

BLOCK PLAT


Photo of auction property
At 11:45 A.M.
4319 BELVIEU AVE.
"West Arlington"

       Northwest Baltimore, off 4300 Gwynn Oak Ave. 21215 - circa 1850, 2 story porchfront frame cottage, lot size 50' x 150' m/l, annual $240 ground rent. 2005 taxes $2,417.60. Vacant.

       LOCATION MAP

       BLOCK PLAT



Photo of auction property
At 12:30 P.M.
2516 HOLLINS FERRY RD.
"Mount Winans"

       Southwest Baltimore, off 2200 Patapsco Ave. 21230 - two story porchfront frame detached home, lot size 32' x 103'4" m/l, in fee simple. 2005 taxes $1,098.24. Vacant.

       For a neighborhood description of Mount Winans, visit: www.livebaltimore.com/
nb/list/MountWinans/


       LOCATION MAP

       BLOCK PLAT


      NOTE: THE HOMES ARE IN GOOD AREAS BUT NEED RENOVATION. ALL HOMES ARE SOLD FREE AND CLEAR OF LIENS.

TERMS OF SALE

       A $2,500 deposit on each property, 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.

       Broker participation is invited. BROKER REGISTRATION FORM