"Sandtown/Winchester" Two Story Storefront Business Property

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Listing Details

Sold Price
$75,000
Auction Date
Auction Time
12:00 PM
Address
1557 N. Fulton Avenue, Baltimore, MD, 21217
County
Baltimore City
Neighborhood
Sandtown/Winchester
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

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 Ronald B. Katz, Solicitor
11403 Cronridge Drive - Suite 230
Owings Mills, Md. 21117


SUBSTITUTE TRUSTEE’S SALE
                                            
SANDTOWN/WINCHESTER


TWO STORY STOREFRONT
BUSINESS PROPERTY

 Sale On Premises
1557 N. FULTON AVE.
Baltimore, MD 21217

THURSDAY, MAY 8, 2008
AT 12:00 NOON


For directions from your location, visit: MapQuest


        Under and by virtue of the power of sale contained in a certain Deed of Trust from C’s Affordable Furniture, Inc. to Trustees, dated August 27, 2007 and recorded among the Land Record of Baltimore City, Md., in Liber 9900, Folio 505,  the holder of the indebtedness secured thereby having appointed Ronald B. Katz, as Substitute Trustee, default having occurred thereunder, the undersigned Substitute Trustee, 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 2 story storefront business property with barbershop on the 1st floor and beauty shop on the second floor.  Lot size: 19' x 75',  more less.  Zoned B-1-2.

        BLOCK PLAT (pdf)

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

        TERMS OF SALE:  A deposit by certified check or cashier's check of 5,000  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 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 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 Trustee 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 Substitute Trustee, Noteholder or Auctioneer.  Cost of all documentary stamps, transfer taxes, and all other costs incidental 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.


Ronald B. Katz, Substitute Trustee