"Pen Lucy" Two Story Townhome

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Listing Details

Sold Price
$20,000
Auction Date
Auction Time
11:00 AM
Address
627 Dumbarton Avenue, Baltimore, Maryland, 21218
County
Baltimore City
Neighborhood
Penn Lucy
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David H. Cohen, Solicitor
Cohen and Forman, LLC
334 St. Paul Place
Baltimore, MD 21202


SUBSTITUTE
TRUSTEES' AUCTION

                                            
PENN LUCY

End-of-Group
TWO STORY TOWNHOME
 

 627 DUMBARTON AVE.
Off 3900 Old York Rd.
Baltimore, MD 21218


Sale To Be Held
CLARENCE M. MITCHELL, JR.
COURTHOUSE

- St. Paul Street Entrance -
Between Fayette & Lexington Sts.
Baltimore, MD 21202


MONDAY, DECEMBER 22, 2008
AT 11:00 A.M.

 

     Under and by virtue of the power of sale contained in a certain Deed of Trust from Penny L. McCrimmon to the Trustee therein, dated August 30, 2007, and recorded among the Land Records of Baltimore City, Maryland, in Liber 9983, Page 617, the holder of the indebtedness secured thereby having appointed David H. Cohen and W. Scott Tinney to act as Substitute Trustees, 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 Trustees will sell at Public Auction, at the St. Paul Street entrance of the Baltimore City Circuit Court, Clarence M. Mitchell, Jr. Courthouse, 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; subject to the payment of an annual $120 ground rent, payable half-yearly on the 9th day of May and November in each and every year.

     The improvements are believed to comprise a two story, porchfront, brick end-of-group townhome, containing a living room, dining room, kitchen, 3 bedrooms, bath and basement.  Published tax records indicate the home was built in 1918 and contains 1,260 square feet of living area and 630 square feet of basement space.  Lot size 20' x 100'.  Dimensions and square footage contained within this advertisement are more or less.

     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 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 Noted executed in connection with the foreclosed Deed of Trust, 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.  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

                                                    
                                                                       David H. Cohen, W. Scott Tinney, 
                                                                       Substitute Trustees