ON-SITE SUBSTITUTE TRUSTEES' SALE. ON-SITE AUCTION BEGINS 5/1/2024 at 12:20 PM. ON-SITE AUCTION WILL BE HELD AT THE PROPERTY LOCATION. THE LEASEHOLD INTEREST IN ALL OF THAT real property being situate in Baltimore City, Maryland, and the improvements thereon (collectively, the “Property”), being more particularly described in the Deed of Trust, and generally known 2610 Park Heights Terrace, Baltimore, Maryland 21215 and subject to the payment of an annual rent of $90.00 payable on the 28th days of February and August in each and every year. TERMS OF SALE: A deposit in the amount of Seven Thousand Five Hundred Dollars ($7,500.00), payable in cash, certified check, or other form acceptable to the Substitute Trustees, in his sole and absolute discretion, will be required of the purchaser(s) at the time and place of sale. The deposit must be increased to 10% of the purchase price within two (2) business days, and delivered to the office of the auctioneer in the same form as the initial deposit. The balance of the purchase price shall be due in cash or by certified check with interest on the unpaid balance of the purchase price at the rate of ten percent (10%) per annum from the date of sale to and including the date of settlement. In the event the Noteholder, or an affiliate thereof, is the successful bidder at the sale, such party will not be required to make a deposit or to pay interest on the unpaid purchase money. Taxes, water charges, ground rent, if any, and all other municipal charges and liens owed, adjusted as of the date of sale, against the Property shall be the sole responsibility of the purchaser(s) and shall be paid for by the purchaser(s) at settlement. The Substitute Trustees reserve the right to reject any and all bids, and to extend the time for settlement, if applicable. The Property will be sold in an "AS IS" condition and without any warranties or representations, either express or implied, as to the nature, condition or description of the improvements. In addition, the Property will also be sold subject to all existing housing, building and zoning code violations, subject to all critical area and wetland violations, subject to all environmental problems and violations which may exist on or with respect to the Property, and subject to all matters and restrictions of record affecting the same, if any. The purchaser(s) at the foreclosure sale shall assume the risk of loss for the above-referenced Property immediately after the sale takes place. It shall be the purchaser(s)’ responsibility to obtain possession of the Property following ratification of the sale by the Circuit Court for Baltimore City, Maryland. The Property will be sold subject to all of the following that are not extinguished as a matter of law by the foreclosure sale: all easements, conditions, liens, restrictions, rights of redemption, covenants, encumbrances, ground rents, ground leases, such state of facts that an accurate survey or physical inspection of the Property might disclose, and agreements of record affecting the same, if any. The purchaser(s) shall pay all documentary stamps, state and local transfer taxes, recordation taxes and fees, title examination costs, attorneys’ fees, conveyance fees and all other incidental settlement costs. The purchaser(s) shall settle and comply with the sale terms within twenty (20) days following the final ratification of sale by the Circuit Court for Baltimore City, Maryland, unless said period is extended by the Substitute Trustees for good cause shown. Time is of the essence.

Listing courtesy of BRIGHT / Ashland Auction Group LLC

Last checked: Checking… • Last updated Apr 24, 2024 • Source: BRIGHT

MLS# MDBA2122876 — Report a problem