Sale On Premises
3609 PULASKI HIGHWAY
Off 400 N. Conkling St.
BALTIMORE, MD 21224

TUESDAY, NOV. 10, 2009
AT 11:00 A.M.

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        Under and by virtue of the power of sale contained in a certain mortgage from The Pulaski Highway Project, LLC, Stacey Milam and Lawrence Liston Baylor, III to Nedmac, LLC, dated March 10, 2005 and recorded among the Land Records of Baltimore City in Liber 6535, Folio 1003, default having occurred under the terms thereof, and at the request of the party secured thereby having assigned the same to Richard E. Lattanzi and Kristin H. Williams, Trustees, the undersigned will sell at Public Auction, 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 above referenced Mortgage.

        The property is being sold subject to a $96 ground rent and is improved by a two story covered porchfront brick townhome believed to contain a living room, dining room and kitchen on the first floor; 3 bedrooms and bath, on the second floor; basement.  Lot size:  15' x 87'3", more or less.

        BLOCK PLAT (pdf)

        TERMS OF SALE:  A $2,500 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.  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 Substitute 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 stated in the foreclosed Mortgage, 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.  If the 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, the holder of the indebtedness or Auctioneers.  Recordation costs, transfer taxes and all other costs incident to settlement, including a $300 document review fee by the Seller’s attorney, to be paid by the purchaser.  Time shall be of the essence for the purchaser.  No Buyers Premium.

Richard E. Lattanzi,
Kristin H. Williams, Trustees