"Belair-Edison" Two Story Porchfront Brick Townhome


Listing Details

Sold Price
Auction Date
Auction Time
2:30 PM
3133 Elmora Avenue, Baltimore, MD, 21213
Baltimore City
Scroll down for Complete Details, including: property description, Terms of Sale and more.

Moore, Carney, Ryan and Lattanzi, LLC
4111 E. Joppa Rd., 21236


2 Story, Porchfront

Sale On Premises
Off 2100 Belair Rd.

TUES., SEPT. 22, 2009
AT 2:30 P.M.

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        Under and by virtue of the assent to decree contained in a certain Purchase Money Mortgage from The Baylor Stallings Property Development Group, LLC, Mortgagor and Lawrence Liston Baylor, III, jointly and severally, Guarantor to Kathy Smith, Mortgagee, dated July 22, 2005, and recorded among the Land Records of Baltimore City, in Liber 6710, folio 621, default having occurred under the terms thereof, the Circuit Court of Baltimore City having appointed Richard E. Lattanzi to act as Substitute Trustee, the secured party has requested that the undersigned Substitute Trustee sell at Public Auction, on the premises, 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 Purchase Money Mortgage.

        The property is improved by a covered porchfront townhome reportedly containing a living room, dining room, kitchen and powder room, on the first floor; 4 bedrooms and bath, on the second floor; full basement; replacement windows; gas forced hot air heat. Lot size: 20' x 79', more or less.  The property is being sold subject to an annual $90 ground rent.

        BLOCK PLAT (pdf)

        TERMS OF SALE:  A $3,000 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 Substitute Trustee.  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 Purchase Money 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.  If the Substitute Trustee 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 Substitute Trustee, 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.

Richard E. Lattanzi, Substitute Trustee