"Harwood" Partially Renovated Two Story Detached Home

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Listing Details

Sold Price
$30,000
Auction Date
Auction Time
2:00 PM
Address
418 E. 26th Street, Baltimore, MD, 21218
County
Baltimore City
Neighborhood
Harwood
Scroll down for Complete Details, including: property description and Terms of Sale.

Geoffrey L. Forman, Solicitor
Cohen & Forman, LLC
334 St. Paul Place, 21202

TRUSTEES' SALE
                    
HARWOOD


Partially Renovated
DETACHED HOME

Sale On Premises
418 E. 26TH STREET
Off 2500 Blk. Barclay St.
BALTO., MD 21218


TUESDAY, APRIL 14, 2009
AT 2:00 P.M.

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        Under and by virtue of the power of sale contained in a certain Deed of Trust from Yacov Zilberstein and Benjamin Zajdel, Guarantor to Geoffrey L. Forman, David H. Cohen and W. Scott Tinney, IV, Trustees, dated October 5, 2007, and recorded among the Land Records of Baltimore City, Maryland, in Liber 10043, Page 553, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Trustees will sell at Public Auction, on the premises, the following:

        All that leasehold 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 detached home reportedly in the process of renovation.  The home contains a living room, dining room and kitchen, on the first floor; 3 bedrooms and bath, on the second floor; full basement.  The home has been mostly gutted, framed, with some electrical, plumbing and drywall work completed.  Lot size: 25' x 63'9", more or less. Subject to an annual $45 ground rent.

        BLOCK PLAT (pdf)

        TERMS OF SALE:  A $2,500 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 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, 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 and assumes the risk of loss or damage to the property from the date of sale forward.  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, 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.


Geoffrey L. Forman, David H. Cohen,
W. Scott Tinney, IV, Trustees