David H. Cohen, Solicitor
Cohen & Forman, LLC
334 St. Paul Place
Baltimore, MD 21202
- Downtown Baltimore -
240 S. PRESIDENT STREET
“Scarlett Place Condominium”
Baltimore, MD 21202
Sale to Be Held
Circuit Court for Baltimore City
St. Paul Street Entrance
Between Lexington & Fayette Sts. 21202
Directions from maps.google.com
THURSDAY, JUNE 19, 2014
AT 9:30 A.M.
Under and by virtue of the power of sale contained in a certain Mortgage from Budreaux & Sammy, LLC, dated July 7, 2007, and recorded among the Land Records of Baltimore City, Maryland, in Liber 9672, folio 409, said Mortgage having been assigned to the undersigned for foreclosure purposes, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Assignees will sell at Public Auction, at the Courthouse as noted above, the following:
All that fee simple condominium unit and the improvements thereon, situate and lying in Baltimore City, State of Maryland and being more fully described in the above-referenced mortgage.
Situated in the Scarlett Place Condominium Parking Garage, the unit is identified as Baltimore City Tax Account Number 0303051404-278. According to public tax records, the unit comprises 180 square feet. The unit is known as parking space no. 302 and is believed to be located on level 2.
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 Assignees’ office. 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. If settlement is delayed for any reason, there will be no abatement of interest. All adjustments as of date of sale. Taxes, condominium fees 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, including the Declaration and Bylaws of Scarlett Place Condominium. 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 Assignees, 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 Assignees 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 Assignees, the holder of the indebtedness or Auctioneers. Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser. Time shall be of the essence for the purchaser.
No Buyers Premium
David H. Cohen, W. Scott Tinney, Assignees