COHN, GOLDBERG & DEUTSCH, LLC
ATTORNEYS AT LAW
600 BALTIMORE AVENUE
SUITE 208
TOWSON, MARYLAND 21204

SUBSTITUTE TRUSTEES' SALE

BARCLAY

THREE STORY TOWNHOME

Photos of auction property
FRONT VIEW      AERIAL PHOTO

Known As
2232 GUILFORD AVE.
Off 300 E. 22nd St.
Baltimore, MD 21218

Sale On Premises
MONDAY, AUGUST 14, 2006
AT 10:30 A.M.


LOCATION MAP

       Under and by virtue of the power of sale contained in a certain Deed of Trust from Gregory R. Bolden to the Trustee(s) therein, dated June 21, 1999, and recorded among the Land Records of Baltimore City, Maryland, in Liber 8594, Page 274, the holder of the indebtedness secured thereby having appointed Edward S. Cohn, Stephen N. Goldberg, Richard E. Solomon and Richard J. Rogers to act as Substitute Trustees, in place and stead of the aforementioned Trustee(s), by instrument duly executed, acknowledged and recorded among the Land Records aforesaid, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Substitute Trustees will sell at Public Auction, on the premises, 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 above-referenced Deed of Trust; subject to an annual $90 ground rent; lot size 14' x 79', more or less.

       The improvements are believed to comprise a three story end-of-group formstone front brick townhome, containing a living room, dining room and kitchen, on the first floor; 3 bedrooms and bath on the second floor; 3 bedrooms on the third floor; basement.

       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.

       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 of the purchase price to be paid in cash within ten days of final ratification of sale by the Circuit Court for Baltimore City. Interest to be paid on the unpaid purchase money at the note rate from the date of sale to the date funds are received in the office of the Substitute Trustees. In the event settlement is delayed for any reason, there shall be no abatement of interest. Real estate taxes to be adjusted as of the date of sale. All other public charges or assessments, including water/sewer charges, ground rent, condo/HOA dues, whether incurred prior to or after the sale, and all other costs incident to settlement to be paid by the purchaser. Cost of all documentary stamps, transfer taxes and settlement expenses shall be borne by the purchaser. Purchaser shall be responsible for obtaining physical possession of the property. Purchaser assumes the risk of loss or damage to the property from the date of sale forward. Purchaser agrees to pay to the Sellers' attorneys at settlement, a fee of $295.00 for review of the settlement documents, and an additional fee of $295.00 for review of any motion which may be subsequently filed with the Court to substitute a purchaser herein.

       If the purchaser shall fail to comply with the terms of the sale or fails to go to settlement within ten days of ratification of the sale, the Substitute Trustees may, in addition to any other available legal remedies, declare the entire deposit forfeited and resell the property at the risk and cost of the defaulting purchaser. In such event, the defaulting purchaser shall be liable for the payment of any deficiency in the purchase price, all costs and expenses of resale, reasonable attorney's fees, and all other charges due and incidental and consequential damages. The purchaser shall not be entitled to any surplus proceeds or profits resulting from any resale of the property. If the Substitute Trustees cannot convey insurable title, the purchaser's sole remedy at law or in equity shall be the return of the deposit. The sale is subject to post-sale confirmation and audit of the status of the loan with the loan servicer including, but not limited to, determination of whether the borrower entered into any repayment agreement, reinstated or paid off the loan prior to the sale. In any such event, this sale shall be null and void, and the Purchaser's sole remedy, in law or equity, shall be the return of his deposit without interest.

Edward S. Cohn, Stephen N. Goldberg, Richard E. Solomon, and Richard J. Rogers,
Substitute Trustees

No Buyer's Premium

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