"Better Waverly" Semi-Detached Townhome

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Listing Details

Sold Price
$33,500
Auction Date
Auction Time
11:00 AM
Address
946 Montpelier Street, Baltimore, MD, 21218
County
Baltimore City
Neighborhood
Better Waverly
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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C. Larry Hofmeister, Jr., Solicitor
Hofmeister & Leavers, LLC
409 Washington Avenue, Suite 210
Towson, Maryland 21204

ASSIGNEES' AUCTION
                                   
BETTER WAVERLY


SEMI-DETACHED TOWNHOME

Sale On Premises
946 MONTPELIER STREET
Off 3100 Loch Raven Road
Baltimore, Maryland 21218

TUESDAY, APRIL 13, 2010
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 Mortgage from Larry D. Rhodes, Sr., dated June 11, 1998, and recorded among the Land Records of Baltimore City, Maryland, in Liber 7434, folio 346, said Mortgage having been assigned to C. Larry Hofmeister, Jr., Craig B. Leavers and Sherry A. Ramsey, Assignees for foreclosure purposes, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Assignees 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 mortgage; lot size 24' x 95', more or less.


        The property is improved by a two story semi-detached brick townhome with open front porch.  According to public tax records, the home was constructed in 1920 and contains 1,622 square feet of living area and 698 square feet of basement space.  The home is believed to have been completely rehabilitated in 1998 and contain a living room and kitchen, on the first floor; bedroom and bath, on the second; 2 bedrooms on the third; basement; and gas forced air heat.


        BLOCK PLAT (pdf)


        TERMS OF SALE:  A $3,500 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 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 Assignees.  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 Mortgage, 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.  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 Assignees, 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 Assignees 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 Assignees, the holder of the indebtedness or Auctioneers.  Recordation costs, transfer taxes and all other costs incident to settlement, including a $300 document review fee by the Seller's attorney, to be paid by the purchaser.


        Purchasers acknowledge the IRS has a right of redemption pursuant to a Federal Tax Lien.  Purchasers agree that they are purchasing the property subject to the IRS's right of redemption and that the existence of such right shall not delay settlement.


        Time shall be of the essence for the purchaser.


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C. Larry Hofmeister, Jr., Craig B. Leavers
and Sherry A. Ramsey, Assignees