"Belair Edison" Two Story Porchfront Brick Townhome

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Listing Details

Sold Price
$85,000
Auction Date
Auction Time
10:00 AM
Address
3563 Elmley Avenue, Baltimore, MD, 21213
County
Baltimore City
Neighborhood
Belair Edison
Scroll down for Complete Details, including: property description and Terms of Sale.

Law Office of Bryan M. Tillman, LLC, Solicitor
744 Dulaney Valley Road - Suite 5
Towson, MD 21204

SUBSTITUTE TRUSTEE'S AUCTION
                             
BELAIR EDISON

Two Story, Porchfront
BRICK TOWNHOME

Sale On Premises
3563 ELMLEY AVENUE
Off 3600 Erdman Avenue
Baltimore, MD 21213

FRIDAY, MAY 10, 2013
AT 10:00 A.M.

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


      Under and by virtue of the power of sale contained in a certain Deed of Trust from Thomas Dixon to the Trustee therein, dated September 5, 2008, and recorded among the Land Records of Baltimore City, in Liber 10994, Page 187, the holder of the indebtedness secured thereby having appointed Bryan M. Tillman to act as Substitute Trustee, in place and stead of the aforementioned Trustee, 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 Trustee will sell at Public Auction, on the premises, the following:


      All that 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; lot size 15'9" x 100', more or less.


      The property is improved by a two story covered porchfront inside-group brick townhome.  According to public tax records the home was constructed in 1941 and contains 1,200 square feet of living area and 600 square feet of basement space.  The home is believed to contain a living room, dining room, kitchen, 3 bedrooms, full bath, basement with recreation room, laundry room and half-bath, insulated windows and doors, gas heat, rear patio and fenced rear yard.


      BLOCK PLAT (pdf)


      TERMS OF SALE:  A $5,000 deposit, 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 by 12:00 Noon on Monday, May 13 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 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 foreclosed Deed of Trust Note, 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, excluding taxes which shall be adjusted as of July 1, 2012.  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 Trustee, 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 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, the holder of the indebtedness or Auctioneers.  Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser.  Time shall be of the essence for the purchaser.


No Buyer's Premium


Bryan M. Tillman, Substitute Trustee