"Poppleton" 2 - Three Story Brick Townhomes

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Listing Details

Sold Price
$100,000
Auction Date
Auction Time
11:30 AM
Address
21 & 23 N. Fremont Avenue, Baltimore, Maryland, 21201
County
Baltimore City
Neighborhood
Poppleton
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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 David H. Cohen, Solicitor
Cohen and Forman, LLC
334 St. Paul Place
Baltimore, MD 21202

SUBSTITUTE TRUSTEES' AUCTION

                                   
WEST BALTIMORE
"Poppleton"



2 - THREE STORY
BRICK TOWNHOMES

 Sale On Premises
21 & 23 N. FREMONT AVENUE
Off 700 W. Fairmount Avenue
Baltimore City, MD 21201

MONDAY, APRIL 27, 2009
AT 11:30 A.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 Veritas/FBN, LLC to the Trustee therein, dated November 17, 2006, and recorded among the Land Records of Baltimore City, in Liber FMC 8766, Page 380, 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, on the premises, the following:

    
All those leasehold lots 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.  Each property has a lot size of 13'9" x 67', more or less, Block Plat (pdf); and is subject to an annual $35 ground rent.

    
Each property is believed to comprise a THREE STORY INSIDE-GROUP BRICK TOWNHOME.  The properties are believed to be located in a B-2-3, community commercial zoning district.

    
TERMS OF SALE:  A $2,500 DEPOSIT ON EACH PROPERTY, 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 Note 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 properties 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 properties 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