David V. Diggs, Solicitor
Kahn, Smith & Collins, P.A.
201 N. Charles Street - 10th Floor
Baltimore, MD 21201

TRUSTEE'S AUCTION

NORTHWOOD AREA

PORCHFRONT TOWNHOME

Photos of auction property
FRONT VIEW      STREET SCENE

Sale On Premises
1510 E. COLD SPRING LANE
Off 4400 Loch Raven Boulevard
Baltimore, MD 21218

THURSDAY, MAY 10, 2007
AT 11:00 A.M.


LOCATION MAP

       Pursuant to an Order of the Circuit Court for Baltimore City, passed in the matter of Henry Jefferson, Jr. v. Brenda Jefferson (Judgement of Absolute Divorce), Case No. 24-D-06-000428DA, the undersigned Trustee 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 Assignment, dated July 22, 1980 and recorded among the Land Records of Baltimore City in Liber 3935, folio 599; subject to an annual $96 ground rent; lot size 20' x 143'1", more or less.

       The property is improved by a two-story open porchfront inside-group brick townhome, containing a living room with coat closet, dining room and kitchen, on the first floor; 3 bedrooms and full tile bath, on the second floor; full basement with knotty pine club room, laundry room and outside exit; oil forced hot air heat; 100-amp. electric; 40 gallon gas water heater; hardwood floors; rear deck and fenced rear yard. The home needs updating and cosmetic repairs.

       TERMS OF SALE: A $7,500 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. 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 Trustee. 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 12% per annum, from date of sale to date of settlement. All adjustments as of date of sale. 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 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 Trustee, 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 Trustee 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 Trustee 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 Buyers Premium

David V. Diggs, Trustee