Real Estate Auction

2 - SOUTHWEST BALTIMORE
TOWNHOUSE SHELLS


Sale On Premises
WEDNESDAY, FEBRUARY 28, 2007
At The Following Times

LOCATION MAP (for both properties)


AT 10:30 A.M.
1537 COLE STREET
"Mt. Clare" 21223
Photo of

       Off 400 S. Gilmor Street - Two story brick townhome, believed to contain a living room, kitchen, 2 bedrooms and bath; lot 12' x 60' m/l; annual $48 ground rent.


AT 11:00 A.M.
1613 W. PRATT STREET
"Union Square Historic District" 21223
Photos of auction property
CURRENT PHOTO      PHOTO FROM 2001

       Off 300 S. Mount Street - two story storefront building, zoned R-8, residential; lot 15' x 68' m/l; annual $45 ground rent.


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 within 45 days. 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, including taxes, ground rent, all other public charges and assessments payable on an annual basis, and 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, and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of sale forward. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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 Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. Time is of the essence.

No Buyer's Premium