"Haywood Heights - Liberty Road Corridor"

Geoffrey L. Forman, Solicitor
Cohen & Forman, LLC
334 St. Paul Place
Baltimore, MD 21202

TRUSTEES’ AUCTION

“Haywood Heights”

CAPE COD HOME

Sale On Premises
3606 KELOX ROAD
Off 6000 Liberty Road
Baltimore County, MD 21207

TUESDAY, FEBRUARY 20, 2018
AT 2:00 P.M.

    Under and by virtue of the power of sale contained in a certain Money Loaned Deed of Trust and Assignment of Rents (the “Deed of Trust”) from Marc G. Wright to the undersigned Trustees, dated May 17, 2010, and recorded among the Land Records of Baltimore County, Maryland, in Liber 29486, folio 164, default having occurred under the terms thereof and at the request of the party secured thereby, 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 County, State of Maryland and being more fully described in the above-referenced Deed of Trust; lot size 61′ x 149′, more or less.

    The property is improved by a one and one-half story vinyl sided home.  According to published tax records, the home was built in 1923, contains 1,668 square feet of living area and 888 square feet of basement space.  The home is believed to contain a living room, dining room, kitchen, 3-4 bedrooms, bath and fireplace.

    TERMS OF SALE:  A $7,500 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 County at the Trustees’ office.  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 Note executed in connection with the foreclosed Deed of Trust, from date of sale to date of settlement.  If settlement is delayed for any reason, there will be no abatement of interest.  All adjustments as of date of sale.  Taxes 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 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.  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.

No Buyer’s Premium

Geoffrey L. Forman and/or David H. Cohen and/or
W. Scott Tinney, IV, Trustees