PUBLIC AUCTION

ATTENTION CONTRACTORS
2 - Baltimore City
"PRE-HAB" HOMES


Sale On Premises
TUESDAY, MARCH 28, 2006

AT 11:00 A.M. - 2807 NORFOLK AVENUE

Photo of

       "Lower Park Heights", off 3500 Reisterstown Rd. - Large 2 story covered porchfront townhome contains: living room, dining room and kitchen, on the first floor; 4 bedrooms and full bathroom, on the second floor; full basement. NOTE: The home is in need of renovation. Lot size: 21'8" x 92'6", more or less. Annual $90 ground rent. DEPOSIT: $2,000. Up and coming neighborhood one block from the Metro bus line.

       LOCATION MAP

       BLOCK PLAT

AT 11:45 A.M. - 4021 BARRINGTON ROAD

Photos of auction property
FRONT VIEW      STREET VIEW

       "Dorchester", off 3800 Garrison Blvd. - 2 story vinyl sided colonial home arranged for 2 apartments. The home contains: living room, dining room, 3 bedrooms, kitchen, summer kitchen, bathroom and enclosed front porch; separate entrance to the second floor which contains living room, dining room, 3 bedrooms, kitchen, bathroom and enclosed front porch; rear parking pad. NOTE: The home is in need of renovation. Lot size: 49' x 140', more or less. Annual $120 ground rent. DEPOSIT: $7,500. Great neighborhood - for details:
http://www.livebaltimore.com/nb/list/dorchester/

       LOCATION MAP

       BLOCK PLAT


TERMS OF SALE

       Deposits as stated above payable by certified or cashier's check will be required of the purchaser at time and place of sale. The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers. Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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. 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 assumes risk of loss from the date of sale forward. The purchaser waives and releases the Seller, 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 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 Auctioneer. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. Cost of all recordation and transfer taxes to be paid by the purchaser. TIME IS OF THE ESSENCE.

NO BUYERS PREMIUM!