Robert S. Glushakow, Solicitor
Nolan, Plumhoff & Williams, Chartered
502 Washington Avenue - Suite 700
Towson, Maryland 21204
(410) 823-7800

MORTGAGE ASSIGNEE'S SALE
Resale at the Risk and Expense of
the Defaulting Contract Purchaser


GUILFORD

11 Bedroom4½ Bath
BRICK COLONIAL HOME
Situated on 0.9 Acre ±

Subdivision Potential

FRONT VIEW     VIEW FROM CORNER

Sale On Premises
3901 ST. PAUL STREET
Corner E. 39th Street
Baltimore, Maryland 21218

FRIDAY, MARCH 17, 2006
AT 11:00 A.M.
(Inspection 10:00 A.M.)


LOCATION MAP

BLOCK PLAT

       Under and by virtue of the power of sale contained in a certain Mortgage dated August 10,1999 from Stephen D. Jones, Terry L. Trusty and Ellen D. Trusty and recorded among the Land Records of Baltimore City at Liber FMC No. 9044, folio 454, with the said Terry L. Trusty and Ellen D. Trusty having been released from the mortgage pursuant to an instrument recorded among the land records of Baltimore City at Liber No. 6796, folio 67, and said mortgage having been assigned for foreclosure to Robert A. Meier, Jr, Assignee, the holder of the Mortgage Note having declared a default under the terms under the Mortgage, and at the request of the holder of the Mortgage Note, the undersigned Mortgage Assignee in the proceedings captioned as Robert A. Meier, Jr., Mortgage Assignee vs. Stephen D. Jones, Circuit Court for Baltimore City, Case No. 24-O-05-002333 will sell at Public Auction, on the premises, the following:

       All those three fee simple lots of ground and the Improvements located thereon, situate and lying in Baltimore City, Maryland State of Maryland, and being more fully described in the Mortgage recorded among the Land Records of Baltimore City at Liber FMC No. 9044, folio 454, which description is incorporated by reference herein.

       The property fronts approximately 250' along St. Paul Street by 157' along E. 39th Street, comprising approximately 0.90 acre; dimensions, square footage and acreage contained within this advertisement are more or less. The site is located in an R-1, residential zoning district and may be suitable for additional building lots or subdivision. Prospective purchasers are encouraged to perform their own due diligence regarding the permitted uses of the property, including the ability of the property to be further developed or subdivided. All matters of zoning, land use, building permits, future rights of way for public utilities, covenants and restrictions are the purchaser's responsibility to determine. Neither the Mortgage Assignee, the mortgage noteholder, the solicitors nor the auctioneers make any representations, express or implied, regarding the possible development potential of the property.

       The improvements are believed to comprise a STATELY, TWO AND ONE-HALF STORY BRICK COLONIAL HOME, circa 1913. The home is believed to contain approximately 6,600 square feet of living area and 2,100 square feet of basement space. The dwelling is constructed on a brick and stone basement foundation, has a slate roof, covered porch, 3 patios, 6 wood burning fireplaces, 2 gas fireplaces and an oversized two-car garage. Interior finishes are plaster walls, hardwood floors and original millwork and trim. The first floor contains an entry hall, living room, dining room, kitchen, sun room, family room and half-bath; 7 bedrooms and 3 baths, on the second floor; bedroom, den and bath, on the third floor; unfinished basement with laundry; oil hot water heat. The home has been vacant and requires updating.

       The property, which is improved by a dwelling, will be sold in AS-IS, WHERE-IS condition and subject to conditions, restrictions, and agreements of record affecting the same, with no warranty of any kind, express or implied. There exists a first lien mortgage and claim held by Damascus Community Bank, the mortgage noteholder in these proceedings, and the proceedings giving rise to the sale is subject to the aforementioned lien and claim held by Damascus Community Bank.

       This sale is being conducted at the risk and expense of the defaulting contract purchaser.

TERMS OF SALE

       A $25,000.00 deposit, payable by certified check or cashier's check will be required of the purchaser at time and place of sale. The deposit is to be increased to ten percent (10%) of the purchase price within twenty-four (24) hours at the office of the auctioneers. No deposit will be required of the mortgage noteholder if the property is purchased by the mortgage noteholder . 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. TIME IS OF THE ESSENCE FOR THE PURCHASER. If payment of the balance does not take place within the specified time, the deposit shall be forfeited, the property will be resold at the risk and expense of the defaulting purchaser, and the defaulting purchaser shall be required to pay a reasonable fee of not less than $750.00 as a payment for fees and costs associated with the procedures giving rise to the re-sale of the property. The mortgage noteholder shall be entitled to all excess proceeds under a resale of the property. Interest to be charged on the unpaid purchase money at the rate of 8.50 % per annum from date of sale to date of settlement. All adjustments as of date of sale. Taxes and all other public charges and assessments for the current year, 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. All costs incident to the settlement shall be paid by the purchaser with all costs of documentary stamps, transfer taxes and recording charges to be paid by the purchaser. The Mortgage Assignee and the mortgage noteholder shall pay no costs of any kind for closing the transaction. The sale shall be subject to a first lien mortgage and claim held by Damascus Community Bank on the property described in said mortgage with an amount owing of approximate $762,941.81. The exact amount due thereon will be announced at the time of sale. It is an express term of the sale and a condition to settlement that the first lien mortgage and claim be paid in full at settlement in the amount announced. Mortgage Assignee shall have no duty to execute or deliver a deed unless and until same is paid. The property will be sold in "AS IS WHERE-IS" condition, without express or implied warranty as to the nature, condition and/or description of the improvements, the ability of the property to be further developed or subdivided, the existence or non-existence of lead paint or any existent or latent environmental condition affecting the property and the improvements. The sale shall be subject to any housing code violations, easements, agreements, tenancies, restrictions and/or or covenants of record affecting same, if any. Conveyance shall be by Assignee's deed without covenant or warranty, express or implied. The purchaser shall be responsible for complying with the registration of the property, if applicable. If settlement is delayed for any reason, there will be no abatement of interest. This Advertisement may be amended or supplemented by oral announcements during the conduct of the sale, and any such announcements shall constitute further terms or conditions upon which the above described property will be offered for sale. The Mortgage Assignee may reject and withdraw a bid by a prospective bidding purchaser at sale, if the Mortgage Assignee determines that any bid so offered is not commensurate with the value of the property being foreclosed upon. The highest bidder acknowledged by the Mortgage Assignee shall be the Purchaser, and in the event of any dispute among the bidders, the Mortgage Assignee shall have the sole and absolute final discretion to determine the successful bidder or to resell the property. Purchaser shall be responsible for obtaining physical possession of the property, and the risk of loss shall be assumed by the purchaser from the date of sale. If the Mortgage Assignee is unable to convey good and marketable fee simple 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 Mortgage Assignee, the Mortgage Noteholder, the Solicitors or Auctioneer. The right to postpone, set over, or cancel the sale prior to the scheduled sale is reserved by the Mortgage Assignee. Any such postponement, setting over, or cancellation will be announced on the scheduled date of sale.

Robert A. Meier, Jr., Mortgage Assignee
Damascus Center, Suite 46
Post Office Box 370
Damascus, Maryland 20872
(301) 253-3911

No Buyer's Premium