"Darley Park" Commercial Building (Sale price includes prior indebtedness)

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Listing Details

Sold Price
$34,300
Auction Date
Auction Time
10:45 AM
Address
2217 Harford Road, Baltimore, MD, 21218
County
Baltimore City
Neighborhood
Darley Park
Scroll down for Complete Details, including: property description and Terms of Sale.

David H. Cohen, Solicitor
Cohen and Forman, LLC
334 St. Paul Street
Baltimore, MD 21202


SUBSTITUTE TRUSTEES' SALE

6 - COMMERCIAL AND
RESIDENTIAL PROPERTIES


Sales On Respective Premises
WEDNESDAY, JUNE 17, 2009
At the Following Times


        Under and by virtue of the power of sale contained in a certain Deed of Trust from Garth Naar, Financial Freedom Investments, LLC and Cheryl Moo-Young to the Trustee therein, dated February 13, 2008, and recorded among the Land Records of Baltimore City, in Liber FMC 10638, Page 765, 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 Trustees, by instrument 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:

        All those fee simple and leasehold lots 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, comprising the following properties:

AT 10:45 A.M.
Commercial Building

2217 HARFORD ROAD
Off 1500 Cliftview Avenue
"DARLEY PARK" 21218

 
        Two story brick in-line storefront building. According to public tax records, the building was constructed in 1920 and contains 1,260 square feet of building area and 630 square feet of basement space; lot size 14' x 68'7", more or less; zoned B-3-2, community commercial district. In fee simple. The property will be sold to a prior mortgage in the original principal amount of $30,000, as of February 16, 2000. Deposit $2,500.

        BLOCK PLAT (pdf)

For directions from your location, visit: maps.google.com


 

TERMS OF SALE

        Deposits, as stated above, 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 Trustees.  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 foreclosed Deed of Trust, from date of sale to date of settlement.  If settlement is delayed for any reason, there will be no abatement of interest.  All adjustments as of date of sale.  Taxes, ground rents 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 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 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 Substitute 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.


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