"Carrollton Ridge" 7 - Two Story Brick Townhomes

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Listing Details

Sold Price
$25,000
Auction Date
Auction Time
2:00 PM
Address
404, 406, 407, 408, 409, 415, 416 S. Payson Street, Baltimore, MD, 21223
County
Baltimore City
Neighborhood
Carrollton Ridge
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Rogers, Moore & Rogers, LLP, Solicitors
6 S. Calvert Street
Baltimore, Maryland 21202

TRUSTEES' SALE 
                                       
CARROLLTON RIDGE


7 - TWO STORY BRICK
TOWNHOMES

Sales On Respective Premises
404, 406, 407, 408, 409, 415, 416
S. PAYSON STREET
(Off 1934 Wilkens Ave.)
Baltimore, MD 21223

THURSDAY, AUGUST 19, 2010
AT 2:00 P.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 Tri-Churches Housing, Inc., dated October 19, 2007, and recorded among the Land Records of Baltimore City in Liber 10261 Folio 477, to William C. Rogers, Jr. and W. Charles Rogers. III, Trustees, default having occurred thereunder, the undersigned Trustees will sell at Public Auction the following:


        All those leasehold and fee simple parcels of ground situate and lying in Baltimore City, and being more fully described in the aforementioned Deed of Trust.


        404 S. Payson St. -  Lot size: 12' x 72', Annual $42 Ground Rent

        406 S. Payson St. -  Lot size: 12' x 72', In Fee Simple

        407 S. Payson St. -  Lot size: 12'6" x 70', Annual $43.75 Ground Rent

        408 S. Payson St. -  Lot size: 12' x 72',  In Fee Simple

        409 S. Payson St. -  Lot size: 12'6" x 70',  Annual $43.75 Ground Rent

        415 S. Payson St. -  Lot size: 12'6" x 70', Annual $43.75 Ground Rent

        416 S. Payson St. -  Lot size: 12' x72',  In Fee Simple


        BLOCK PLAT (pdf)


        The properties are in need of total renovation.  The properties will be offered individually, and the bids reserved; they will then be offered as an entirety, and sold in the manner producing the greater amount.


        TERMS OF SALE:  A deposit by certified check or cashier's check of $2,000 on each property will be required of the purchaser at time and place of sale. (If sold as an entirety, a deposit of $14,000 will be required.)  Deposits 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 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.  In the event of default, the defaulting purchaser shall be liable for any deficiency in the purchase price, all costs and expenses of sale, reasonable attorney's fees, and all other charges due and incidental and consequential damages.  The purchaser shall not be entitled to any surplus proceeds, or profits, resulting from any resale of the property. 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, ground rent,  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 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 Trustees, Noteholder, or Auctioneer.  Cost of all documentary stamps and transfer taxes 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.


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William C. Rogers, Jr.
W. Charles Rogers, III, Trustees