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"Arlington" Two and One Half Story Porchfront Townhome


Listing Details

Sold Price
Auction Date
Auction Time
11:00 AM
3513 Hayward Avenue, Baltimore, MD, 21215
Baltimore City
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Cohen & Forman, LLC
334 St. Paul Place 21202



Sale On Premises
Baltimore, MD  21215

THURSDAY, FEB. 7, 2008
AT 11:00 A.M.

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    Under and by virtue of the power of sale contained in a certain Deed of Trust from George C. Mbagwu to Trustee, dated August 28, 2006 and recorded among the Land Record of Baltimore City, Maryland, in Liber FMC 8403 Folio 536,  the holder of the indebtedness secured thereby having appointed  Geoffrey L. Forman, David H. Cohen and W. Scott Tinney, IV as Substitute Trustees, default having occurred thereunder, the undersigned Substitute Trustees, will sell at Public Auction the following:

    All that leasehold  parcel of ground situate and lying in Baltimore City and being more fully described in the aforementioned Deed of Trust.

    The property is reported to be improved by a two and one-half story covered porchfront property containing entry foyer, living room, dining room, eat-in kitchen, 5 bedrooms, bath and basement.  Gas hot water heat.  Lot size: 25' x 123', more or less.  Subject to an annual $75.00 ground rent.

    TERMS OF SALE:  A deposit by certified check or cashier's check of $3,500 will be required of the purchaser at time and place of sale. Deposit to be increased to 10% of the purchase price within 24 hours at the offices of the Auctioneer. 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 Deed of Trust Note  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.  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 Trustee, Noteholder, or Auctioneer.  Cost of all documentary stamps, transfer taxes, and all other costs incident to settlement to be paid by the purchaser. 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.  Risk of loss on the purchaser from date of sale.

Geoffrey L. Forman, David H. Cohen & W. Scott Tinney IV, Substitute Trustees