"Bayview" - Near Johns Hopkins Bayview Medical Center
Two Story Covered Porchfront Townhome

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Listing Details

Sold Price
$77,000
Auction Date
Auction Time
11:00 AM
Address
326 Folcroft Street, Baltimore, MD, 21224
County
Baltimore City
Neighborhood
Bayview
Scroll down for Complete Details, including: property description and Terms of Sale.

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


SUBSTITUTE TRUSTEES’ SALE
                    
BAYVIEW


2 STORY COVERED PORCHFRONT
BRICK
TOWNHOME

 SALE ON PREMISES
326 FOLCROFT ST.  21224

MONDAY, MAY 13,  2013
AT 11:00 A.M.


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

 


        Under and by virtue of the power of sale contained in a certain Indemnity Deed of Trust from Lance S. Deutch to Trustees, dated December 20, 2006 and recorded among the Land Records of Baltimore City,  Md. in Liber 8838 Folio 640, as amended by a Supplemental Indemnity Deed of Trust from Lance S. Deutch to Trustees, dated August 30, 2007, and recorded among the Land Records of Baltimore City, Maryland, in Liber 9905, folio 622,  the holder of the indebtedness secured thereby having appointed Ronald B. Katz and Eric A. Hartlaub 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, Maryland and being more fully described in the aforementioned Supplemental Deed of Trust  recorded at Liber 9905, folio 622.


        The property is improved by a 2 story covered porchfront brick townhome containing living room (20' x 20') and dining room (16' x 19') on the first floor; 3 bedrooms and bath on the second floor. Full basement with country kitchen and bath.  Gas heat.  Lot size: 15' x 105', more or less. 


        BLOCK PLAT (pdf)


        NOTE: The property is in very close proximity to Johns Hopkins Bayview Medical Center.


        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 $7,500 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 Trustee, Note holder, or Auctioneer.  Cost of all documentary stamps, 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.


Ronald B. Katz
Eric A. Hartlaub, Substitute Trustees