"Canton - The Moorings"

This Auction has been CANCELED.

Meighan G. Burton, Solicitor
PASCALE STEVENS, LLC
2700 Lighthouse Point East Suite 500
Baltimore, MD 21224

TRUSTEES’ AUCTION

“The Moorings”
A Gated Waterfront Community

Four Story
BRICK TOWNHOME
3 Bedrooms ◆ 3.5 Baths ◆ Two-Car Garage

Sale On Premises
1256 DOCKSIDE CIRCLE
Off Lighthouse Point West (south of Boston Street)
Baltimore, MD 21224

– CANCELED –
TUESDAY, MARCH 12, 2019
AT 11:00 A.M.

      Pursuant to an Order of the Circuit Court for Baltimore City passed in the matter of Moorings at Canton Homeowners Association, Inc., Plaintiff v. Milton Tillman III, Defendant, Case No. 24-O-18001175, the undersigned Trustees will sell at Public Auction, on the premises, the following:

      All that fee simple lot of ground and the improvements thereon, situate and lying in Baltimore City, State of Maryland and being more fully described in the Deed to the above named Defendant, dated February 27, 2006 and recorded among the Land Records of Baltimore City in Liber 07513, Page 0366, the improvements thereon being known as 1256 Dockside Circle.

      The property is improved by a four story, brick, inside-group townhome, built in 2005 and comprising 2,880 square feet of living area, according to public tax records. The home is believed to contain a living room, dining room, kitchen, 3 bedrooms, 3.5 baths, two-car garage, gas forced air heat and central air conditioning. Lot size 20′ x 51′, more or less.

      NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

      The property will be sold subject to (1) a prior Purchase Money Deed of Trust, dated February 27, 2006, in the original principal amount of $650,000, with an outstanding balance of $504,102.86 as of February 1, 2019; (2) a Deed of Trust, dated August 25, 2006, in the original principal amount of $100,000; and (3) any other prior liens of record.

      TERMS OF SALE: A $10,000 deposit, payable by 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 office of the 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 of 8% per annum, from date of contract to date of settlement. If settlement is delayed for any reason, there will be no abatement of interest. All adjustments as of date of contract. Taxes, homeowners association fees and all other public charges and assessments payable on a monthly or annual basis, including sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract 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; subject to easements, agreements, restrictions or covenants of record affecting same, if any; and subject to all matters of record including, but not limited to, that certain Declaration of Covenants, Conditions and Restrictions of Moorings at Canton Homeowners Association, Inc.

      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 contract forward. The purchaser waives and releases the Trustees, 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 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 Trustees, 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.

      Authority to cancel this sale rests solely with the Trustees and/or the Auctioneer. Prospective buyers should disregard all other statements and comments made by any other person or entity regarding minimum bids, pricing and cancellations of the sale. Additional terms may be announced at the time of sale. The Trustees reserve: (1) the right to accept or reject any or all bids; (2) the right to modify or waive the requirements for bidders’ deposits and terms of sale and/or settlement; (3) the right to withdraw the Property from the sale before acceptance of the final bid; and (4) the right to cancel or postpone the sale.

No Buyer’s Premium

Kevin J. Pascale and Meighan G. Burton,
Trustees