Arthur L. Drager, Attorney
Law Offices of Arthur L. Drager, LLC
The Equitable Building- Suite 620
10 N. Calvert St. 21202




Photo of

Sale On Premises
Howard County, Md. 21075

MONDAY, JULY 10, 2006
AT 11:00 A.M.

       Two story townhome containing living room, dining room, kitchen and powder room on the 1st floor; 3 bedrooms and bath on the 2nd floor. Basement. Heat pump/central air conditioning. In Fee Simple. Legal Unit # 7-03. Current monthly condo fees (obtained from sources deemed reliable, but not warranted) are $87.00 monthly. Home is in very poor condition.

       Directions: Washington Blvd. (U.S. Rte. 1) to Montgomery Rd. Proceed 4/10 miles to Steepridge Dr. Left to Chipwood Ct. Right to Critter Ct.    LOCATION MAP

       TERMS OF SALE: A deposit by certified check or cashier's check of $10,000 will be required of the purchaser at time and place of sale. The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers. Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will 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 of 12% per annum, from date of sale to date of settlement. All adjustments as of date of sale. All other public charges and assessments payable on an annual basis including sanitary and/or metropolitan district charges to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. The property will be sold subject to Condominium Declaration and By-Laws of "Montgomery Woods Condominium". The purchaser waives the right of recession as provided under Maryland Law. The property will be sold in an "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein. If the Seller 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. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Laws. Cost of all documentary stamps, transfer taxes and other costs incident to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE.

Arthur L. Drager, Atty. In Fact for Florence E. Wagner