Cohen and Forman, LLC, Solicitors
334 St. Paul Place
Baltimore, MD 21202

SUBSTITUTE TRUSTEES' AUCTION

Patterson Park Historic District

TWO STORY TOWNHOME



Sale On Premises
142 N. LUZERNE AVENUE
Off 2500 E. Fayette Street
Baltimore, Maryland 21224

TUESDAY, JANUARY 30, 2007
AT 10:00 A.M.


LOCATION MAP

       Under and by virtue of the power of sale contained in the certain Deed of Trust from the James Dale, Grantor to the Trustee therein, dated October 24, 2003 and recorded among the Land Records of Baltimore City, Maryland, in Liber 4756, page 378, the holder of the indebtedness secured thereby having appointed David H. Cohen and W. Scott Tinney to act as Substitute Trustees, in place and stead of the aforementioned Trustee, by instruments duly executed, acknowledged and recorded among the Land Records aforesaid, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Substitute 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 above-referenced Deed of Trust.

       The improvements are believed to comprise a two story inside-group brick townhome, believed to contain a living room, dining room, kitchen, 3 bedrooms, bath, basement and gas heat.

       TERMS OF SALE: A $3,000 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 Cohen and Forman, LLC. 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 Note executed in connection with the above-referenced foreclosed Deed of Trust or the Mortgage rate, 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 or Substitute 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 or Substitute 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 or Substitute Trustees, the holder of the indebtedness or Auctioneers. Recordation costs, transfer taxes and all other costs incidental to settlement, including a $250 document review fee to Cohen and Forman, LLC, to be paid by the purchaser. Time shall be of the essence for the purchaser. No buyer's premium.

David H. Cohen and W. Scott Tinney,
Trustees or Substitute Trustees


Go To: 10:30 A.M. - 1243 E. Lanvale Street