"Glenham/Belford" One Story Brick and Masonry Office Building

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Listing Details

Sold Price
$250,000
Auction Date
Auction Time
12:00 PM
Address
5810 Belair Road, Baltimore, MD, 21206
County
Baltimore City
Neighborhood
Glenham/Belford
Scroll down for Complete Details, including: property description and Terms of Sale.

Rogers, Moore & Rogers, LLP, Solicitors
6 S. Calvert Street
Baltimore, Maryland 21202


SUBSTITUTE TRUSTEES' SALE
                                   
GLENHAM/BELFORD


One Story Brick and Masonry
OFFICE BUILDING

Sale On Premises
5810 BELAIR ROAD
(North of White Avenue)
Baltimore, MD 21206


THURSDAY, SEPTEMBER 10,  2009
AT 12:00 NOON

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


        Under and by virtue of the power of sale contained in a certain Deed of Trust from Signature Management & Realty, LLC  to Trustees, dated March 17, 2007, and recorded among the Land Records of Baltimore City, Md., in Liber 9260 Folio 459,  the holder of the indebtedness secured thereby having appointed William C. Rogers, Jr. and W. Charles Rogers, III, as Substitute Trustees, default having occurred thereunder, the undersigned Substitute Trustees will sell at Public Auction the following:


        All that fee simple parcel of ground situate and lying in Baltimore City, and being more fully described in the aforementioned Deed of Trust.


        The property is improved by a one story brick and masonry office building containing reception area, conference room, offices, kitchenette, storage area, and 2 restrooms.  Gas hot air heat and central air.  Lot size: 31' x 100', more or less.  Zoned B-1.


        BLOCK PLAT (pdf)


        The information pertaining to the improvements has been obtained from sources deemed reliable, but no warranty is being made either express or implied as to the accuracy of this information.


        TERMS OF SALE: A deposit by certified check or cashier's check of $20,000 will be required of the purchaser at time and place of sale. Deposit to be increased to 10% of the purchase price within 24 hours at the offices of the Auctioneer. 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 Deed of Trust Note 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. 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, Noteholder, or Auctioneer. Cost of all documentary stamps and transfer taxes, and all other costs incident to settlement, to be paid by the purchaser. Time shall be of the essence for the purchaser. Risk of loss on the purchaser from date of sale.


William C. Rogers, Jr.
W. Charles Rogers, III, Substitute Trustees