"Lakeland" Residential Parcel

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Listing Details

Sold Price
$71,000
Auction Date
Auction Time
2:00 PM
Address
2411 Smith Avenue, Baltimore, MD, 21227
County
Baltimore City
Neighborhood
Lakeland
Scroll down for Complete Details, including: property description and Terms of Sale.

 Holderness, Menchel & Alter, LLC, Solicitors
1029 N. Calvert Street
Baltimore, MD 21202

SUBSTITUTE TRUSTEE'S AUCTION

- LAKELAND -

2 - RESIDENTIAL LOTS

Photos of auction property
AERIAL PHOTO     LOCATION MAP


Sale On Premises

2411 SMITH AVENUE
(Corner W. Patapsco & Janice Avenues)
- And -
SOUTHEAST CORNER
LORENA & W. PATAPSCO AVENUES

Baltimore, Maryland 21227

MONDAY, JULY 21, 2008
AT 2:00 P.M.


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


        Under and by virtue of the power of sale contained in a certain Deed of Trust from Delorean, LLC to the Trustee(s) therein, dated February 28, 2007, and recorded among the Land Records of Baltimore City, Maryland, in Liber 9254, Page 0099, the holder of the indebtedness secured thereby having appointed James W. Holderness and Daniel Menchel, to act as Substitute Trustees, in place and stead of the aforementioned Trustee(s), 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, the following: 

        All those fee simple 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 Deed of Trust. 

        The properties are unimproved and comprise the following: 

        2411 Smith Avenue - Fronts approximately 240' on Smith Avenue by 112' on Janice Avenue by 244' on W. Patapsco Avenue by 43' rear, all more or less; zoning R-6, residential. 

        BLOCK PLAT (pdf)

 

TERMS OF SALE

        NOTE: Prospective purchasers are encouraged to perform their own due diligence regarding the permitted uses of the lots.        

        TERMS OF SALE: A $2,000 deposit on each lot, 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 of 24% per annum, 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 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 $295 document review fee by the Seller's attorney, to be paid by the purchaser. Time shall be of the essence for the purchaser.


No Buyer's Premium

James W. Holderness and Daniel Menchel,
Substitute Trustees