W. Scott Tinney, Solicitor
David H. Cohen, Solicitor
COHEN AND FORMAN, LLC
334 St. Paul Place
Baltimore, MD 21202

TRUSTEES' AUCTION

WASHINGTON VILLAGE

TWO STORY TOWNHOME
Renovated in 2003

Photo of

Sale On Premises
1329 SARGEANT STREET
Off 1200 S. Carey Street
Baltimore, MD 21223

MONDAY, SEPTEMBER 25, 2006
AT 1:15 P.M.


LOCATION MAP

       By virtue of a Decree of the Circuit Court for Baltimore City passed in the matter of William V. Horsman, Jr. and Mary E. Horsman, Plaintiffs vs. Sandra Louise Ryan and Carol Marie Manchester, Defendants (Decree for Sale of Mortgaged Premises), Case No. 24-0-06-0010834, the undersigned Trustees will sell at Public Auction, on the premises, the following:

       All that fee simple lot of ground and the improvements thereon, situate and lying in Baltimore City, State of Maryland and being more fully described in the Mortgage from the above Defendants to Plaintiffs, dated April 22, 1996 and recorded among the Land Records of Baltimore City, in Liber SEB No. 5610, folio 241.

       The property is improved by a circa 1900 TWO STORY INSIDE-GROUP FORMSTONE FRONT BRICK TOWNHOME, containing a living room, dining room and kitchen, on the first floor; 2 bedrooms and bath, on the second; full basement; gas forced hot air heat (installed around 2003). After a fire in 1999, updates were made to the wiring, drywall, plumbing and trim. Lot size 12' x 60', more or less.

       TERMS OF SALE: A $2,500 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 Trustees. 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 Mortgage, from date of sale to date of settlement. All adjustments as of date of sale. Taxes 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 Trustees, 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 Trustees are 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 Trustees, the 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.

No Buyer's Premium

W. Scott Tinney and David H. Cohen,
Trustees