Ronald B. Katz, Solicitor
11403 Cronridge Drive - Suite 230
Owings Mills, Md. 21117
SUBSTITUTE TRUSTEES’ SALE
2 STORY COVERED PORCHFRONT
SALE ON PREMISES
1607 JOPLIN STREET
Baltimore, MD 21224
For directions from your location, visit: maps.google.com
THURSDAY, JANUARY 26, 2012
AT 12:15 P.M.
Under and by virtue of the power of sale contained in a certain Indemnity Deed of Trust from Ridgeview Development LLC to Trustees, dated May 18, 2006 and recorded among the Land Records of Baltimore City, Md., in Liber 7838, Folio 138, the holder of the indebtedness secured thereby having appointed Ronald B. Katz and Eric A. Hartlaub 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 improved by a 2 story covered porchfront brick townhome reported to contain living room, dining room, and updated kitchen on the 1st floor; 2 bedrooms and bath on the 2nd floor. Gas hot air heat. Lot size: 14' x 100', more or less. Subject to an annual $96 ground rent.
The information pertaining to the improvements has been obtained from sources deemed reliable, but no warranty is made as to the accuracy of this information.
TERMS OF SALE: A deposit by certified check or cashier's check of $3,000 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, 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 Trustees, Noteholder or Auctioneer. Cost of all documentary stamps, transfer taxes, and all other costs incident to settlement 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.
Ronald B. Katz
Eric A. Hartlaub, Substitute Trustees
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