"South Baltimore - Federal Hill Area" Desirable Three Story Shell Townhome


Listing Details

Sold Price
Auction Date
Auction Time
2:00 PM
1218 William Street, Baltimore, MD, 21230
Baltimore City
Federal Hill Area
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Geoffrey L. Forman, Solicitor
Cohen & Forman, LLC
334 St. Paul Pl., 21202

"Federal Hill Area"

Desirable, 3 Story

Sale On Premises
Off 200 E. Ostend St.
Balto., MD 21230

TUES., APRIL 21, 2009
AT 2:00 P.M.

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        Under and by virtue of the power of sale contained in a certain mortgage from Panayotis Chrisopoulos and Maria Chrisopoulos to Gunner Bay, LLC,  dated July 10, 2003 and recorded among the Land Records of Baltimore City in Liber FMC 4862, Folio 3089, a Deed of Trust Note dated May 15, 2004 recorded among the Land Records of Baltimore City in Liber FMC 5514, Folio 275 and an Allonges to the Deed of Trusts and Notes filed among the Land Records of Baltimore City in Liber FMC 9034, Folio 170 and FMC 9034, Folio 173, default having occurred under the terms thereof, and at the request of the party secured thereby, having assigned the same to Geoffrey L. Forman, Assignee, the undersigned will sell at Public Auction, 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 Mortgage.  The property is being sold subject to an annual $180 ground rent (payable on the 10th days of January and July in each and every year).

        The property is improved by a 3 story townhome believed to contain 8 rooms (5 bedrooms and bath); basement.  The home reportedly is in need of renovation.  Lot size:  14' x 83', more or less.  BLOCK PLAT (pdf)

        TERMS OF SALE:  A $15,000 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 Assignee.  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 Mortgage, 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 Assignee, 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 Assignee is 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 Assignee, 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, Assignee