Email: info@ajbillig.com
6500 Falls Road, Baltimore, MD 21209
Sale to Be Held COURTHOUSE STEPS Circuit Court for Baltimore City 111 N. Calvert Street, Baltimore, MD 21202
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A $3,000 deposit for each property or $30,000 if sold as an entirety, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s Office. No Buyer’s Premium. For complete Terms Of Sale, see the bottom of this page.
Cohen & Forman, LLC
30 E. Padonia Road – Suite 500
Timonium, MD 21093
SUBSTITUTE TRUSTEES’ AUCTION
9 – EAST BALTIMORE
BRICK TOWNHOMES
To Be Offered Individually & As An Entirety
Sale to Be Held
COURTHOUSE STEPS
Circuit Court for Baltimore City
111 N. Calvert Street, Baltimore, MD 21202
THURSDAY, NOVEMBER 3, 2022
AT 10:00 A.M.
Under and by virtue of the power of sale contained in a certain Indemnity Deed of Trust from 8617 West Fort Foote, LLC to the Trustees therein, dated June 19, 2019, and recorded among the Land Records of Baltimore City, in Book MB 21542, Page 77 (the “Deed of Trust”), the holder of the indebtedness secured thereby having appointed the undersigned to act as Substitute Trustees, in place and stead of the aforementioned Trustees, by instrument duly executed, acknowledged and recorded among the Land Records aforesaid, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Substitute Trustees will sell at Public Auction, at the Circuit Court for Baltimore City, the following:
All those leasehold and fee simple lots of ground and the improvements thereon, situate and lying in Baltimore City, State of Maryland and being more fully described in the above-referenced Deed of Trust, comprising the following properties:
| Address Neighborhood |
Lot Size
Ground Rent or |
Improvements |
| 420 N. Belnord Avenue Baltimore, MD 21224 “McElderry Park” |
12’6″ x 65′ Plat In fee simple |
Two story inside-group formstone front brick townhome, 3 bedrooms and bath |
| 721 N. Belnord Avenue Baltimore, MD 21205 “Madison-Eastend” |
12’3″ x 65′ Plat In fee simple |
Two story inside-group brick townhome, 3 bedrooms and bath |
| 605 N. East Avenue Baltimore, MD 21205 “Ellwood Park-Monument” |
16’4″ x 70′ Plat $96 ground rent due 4/30 & 10/30 |
Two story porchfront, inside-group brick townhome, 2 bedrooms and bath |
| 3301 Elmora Avenue Baltimore, MD 21213 “Four by Four” |
17′ x 79′ Plat $96 ground rent due 4/9 & 10/9 |
Two story porchfront, end-of-group, brick townhome, 3 bedrooms and bath |
| 702 N. Lakewood Avenue Baltimore, MD 21205 “Madison-Eastend” |
13’4″ x 70′ Plat $96 ground rent due 3/1 & 9/1 |
Two story inside-group, formstone front brick townhome, 2-3 bedrooms and bath |
| 3403 Lyndale Avenue Baltimore, MD 21213 “Four by Four” |
16′ x 79′ Plat In fee simple |
Two story porchfront, inside-group brick townhome, 3 bedrooms and bath |
| 3409 Lyndale Avenue Baltimore, MD 21213 “Four by Four” |
16′ x 79′ Plat $96 ground rent due 4/17 & 10/17 |
Two story porchfront, inside-group brick townhome, 3 bedrooms and bath |
| 3908 Mount Pleasant Avenue Baltimore, MD 21224 “Baltimore Highlands” |
12’8″ x 69′ Plat In fee simple |
Two story inside-group, formstone front brick townhome, 2 bedrooms and bath |
| 514 N. Rose Street Baltimore, MD 21205 “McElderry Park” |
12′ x 61′ Plat In fee simple |
Two story porchfront, inside-group, formstone front brick townhome, 2-3 bedrooms and bath |
Ground rents shown are annual with semi-annual payments due as noted.
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.
MANNER OF SALE: Each property will be offered individually and the high bid reserved. Then all ten properties will be offered as an entirety. The sale will be made in the manner producing the greater amount.
TERMS OF SALE: A $3,000 deposit for each property or $30,000 if sold as an entirety, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, 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 Trustees. If payment of the additional deposit or 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 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, ground rent 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; 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 contract forward. The purchaser waives and releases the Substitute 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 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, 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
W. Scott Tinney, Geoffrey L. Forman,
Substitute Trustees
