ABSOLUTE REAL ESTATE AUCTIONS
- To The Highest Bidders as Noted Below -

Sales on Respective Premises
THURSDAY, JUNE 17, 2010
At the Following Times:

AT 1:05 P.M. 712 N. PORT STREET "Milton - Montford" - 21205           Absolute to the Highest Bidder over $5,000 - Off 2400 E. Madison Street - Two story brick inside-group townhome is believed to contain 6 rooms (3 bedrooms), bath and basement. Lot size: 12'4" x 65', more or less. Annual $120 ground rent. Needs renovation.         BLOCK PLAT (pdf)
For directions from your location, visit: maps.google.com

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Terms of Sale:

        Deposit of $2,500 for each property, and $7,500 on 5018 Edmondson Avenue, payable by certified or cashier's check, will be required of the purchaser at time and place of sale.  The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers.  Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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.  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 assumes risk of loss from the date of sale forward.  The purchaser waives and releases the Seller,  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 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 Auctioneer. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE.

NO BUYERS PREMIUM!

Broker participation is invited.
BROKER REGISTRATION FORM (pdf)

FINANCING:

Call for pre-qualification:

Mr. Craig Kessler
Equity Mortgage
2 Park Center Court - Suite 200
Owings Mills, Maryland  21117
410-654-3900 direct
410-581-5814 fax
ckessler@equitymortgagelending.com