"Glen" Two Story Porchfront Cape Cod Home

14698_glen3404_front2.jpg

Listing Details

Sold Price
$41,000
Auction Date
Auction Time
12:00 PM
Address
3404 Glen Avenue, Baltimore, MD, 21215
County
Baltimore City
Neighborhood
Glen
Scroll down for Complete Details, including: property description and Terms of Sale.

Craig M. Schwartz, Esquire
Freeman, Wolfe & Greenbaum, P.A.
409 Washington Ave., 21204

SUBSTITUTE TRUSTEES' SALE
           
GLEN

2 Story, Porchfront
CAPE COD HOME

Sale On Premises
3404 GLEN AVENUE
Off 5900 Park Heights Ave.
Baltimore, MD 21215

TUESDAY, AUGUST 23, 2011
AT 12:00 NOON

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 MWE, LLC to Hugh W. Mohler and Mark A. Semanie, Trustees, dated August 22, 2005, and recorded among the Land Records of Baltimore City, in Liber 6820, folio 692, the holder of the indebtedness secured thereby having appointed Craig M. Schwartz and Matthew D. Royack to act as Substitute Trustees, in place and stead of the aforementioned Trustees, 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 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.

 

      The property is improved by a two story covered porchfront detached home that has been gutted, framed and in the process of renovation.  Reportedly the home is arranged for 3 bedrooms and 2 baths and partial rough-in of electric, plumbing and HVAC has been completed.


      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 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 stated in the foreclosed 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 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 $300 document review fee by the Seller's attorney, to be paid by the purchaser.  Time shall be of the essence for the purchaser.  No Buyers Premium.


Craig M. Schwartz and
Matthew D. Royack, Substitute Trustees