One House At A Time, Inc., Receiver
3553 Chestnut Ave., Suite 2N
Baltimore, MD 21211

RECEIVER'S AUCTIONS
To The Highest Bidders

3 - BALTIMORE CITY HOMES
REQUIRING RENOVATION

See Pre-Qualification Requirements Below

Sales On Respective Premises
MONDAY, JULY 30, 2007
At the Following Times

LOCATION MAP (for all properties)

       Pursuant to the Orders Appointing a Receiver to Sell a Vacant Building, of the District Court of Maryland for Baltimore City, passed in the matter of Mayor and City Council of Baltimore acting by and through the Baltimore City Department of Housing and Community Development, Petitioner v. the following Respondents, as per the case numbers stated below, the undersigned Receiver will sell at public auction on the premises, all those leasehold and fee simple lots of ground and the improvements thereon, situate and lying in Baltimore City, State of Maryland and being more fully described in the Deeds referenced as noted.


AT 10:00 A.M.
Two Story Townhome

2607 BARCLAY STREET
Off 400 E. Lorraine Avenue
"Harwood" 21218
Photos of auction property
FRONT VIEW      AERIAL VIEW

       Respondent - Gatehouse Management, Inc., et. al; Case No. 29434-06; Deed Liber SEB 5695, folio 255; lot size 12' x 76', more or less; subject to an annual $90 ground rent (may be less); the improvements are believed to comprise a two story porchfront brick end-of-group townhome.


CANCELED
AT 10:45 A.M.

2320 CALLOW AVENUE
Off 800 Druid Park Lake Drive
"Reservoir Hill" 21217

       Respondent - Moses O. Fadiran; Case No. 09850-06; Deed Liber SEB 5622, folio 0374; lot size 17' x 120', more or less; in fee simple; the improvements are believed to comprise a three story brick inside-group townhome.


AT 11:10 A.M.
Two Story Townhome

1106 CLENDENIN STREET
Off 2200 Madison Avenue
"Reservoir Hill" 21217
Photos of auction property
FRONT VIEW      AERIAL VIEW

       Respondent - Group One Financial Holdings, LLC; Case No. 11039-07; Deed Liber FMC 6938, folio 564; lot size 13' x 75', more or less; subject to an annual $75 ground rent; believed to comprise a two story brick inside-group townhome with basement.


CANCELED
AT 11:35 A.M.
514 N. PACA STREET
Off 500 W. Franklin Street
"Seton Hill" 21201

       Respondent - Paul E. Kardulis, Jr.; Case No. 2958-07; Deed Liber FMC 8239, folio 376; lot size 22' x 60', more or less; in fee simple; the improvements are believed to comprise a 2½ story brick townhome. The property is located adjacent to St. Mary's Seminary Chapel and Mother Seton House; both are National Historic Landmarks.


       IMPORTANT - THE PROPERTIES ARE BEING SOLD SUBJECT TO VACANT HOUSE NOTICES ("VHN") BY THE CITY OF BALTIMORE. THE PURCHASER SHALL BE REQUIRED TO REHABILITATE EACH PROPERTY ACCORDING TO THE ORDER(S) UNDER THAT VHN.

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 at settlement, which shall take place within ten (10) business days following final ratification of the sale by the District Court of Maryland for Baltimore City at a location designated by the Receiver. 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 8% 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 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 Receiver, 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 Receiver 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 Receiver, 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.

       Due to the nature of the Receivership action and the Order of the District Court of Maryland for Baltimore City, Purchaser shall not assign this Contract without prior, written permission of the Receiver, which may be withheld in Receiver's sole and absolute discretion.

       PROSPECTIVE PURCHASERS MUST PRE-QUALIFY TO BID AT LEAST FIVE BUSINESS DAYS PRIOR TO THE SCHEDULED AUCTION SALE. NO bidders who are not pre-qualified shall be allowed to participate in this auction; NO EXCEPTIONS.

Deadline: Mon., July 23, 2007
Mailed to:
One House At A Time, Inc.
3553 Chestnut Ave., Suite 2N
Baltimore, MD 21211
(Only original applications will be accepted; NO FAXED COPIES!)
APPLICATION FORM (pdf)
(Requires Acrobat Reader to view)
Click Logo to get Adobe Acrobat Reader

       NOTE: If you have pre-qualified for other One House At A Time, Inc. Receiver's Auctions, please call 410-467-1826 and state your intention to bid. You may not be required to complete another form.

One House At A Time, Inc., Receiver

No Buyer's Premium