VALUABLE LEASEHOLD BANK FORECLOSURE
Listing ID#: 58265

Sale Location

BALTIMORE, MD 21216
Sale Dates and TimesSALE IS COMPLETED
Thursday Jan 18, 2018 Completed
Sale Type
 Live Auction 
Company Information
Jonathan Melnick Auctioneers and E.T. Newell

Contact: Marie Patterson
Phone: 4103665555
Email: Marie@melnicknewell.com

GoToAuction.com ID#: 3607
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Listing Terms and Conditions
SEE BELOW
File Attachments
Broker Registration
Listing Information

 

   CIPRIANI & WERNER, P.C.

                                                                     EXECUTIVE PLAZA III, SUITE 302

11350 McCORMICK ROAD

HUNT VALLEY, MD 21031

 

MORTGAGE ASSIGNEE’S SALE OF

VALUABLE LEASEHOLD PROPERTY

 

 (Known As)

3507 SPRINGDALE AVENUE

BALTIMORE, MD 21216

 

Under and by virtue of a decree and/or power of sale contained in a certain Purchase Money/Mortgage from 1213 McAdoo, LLC dated March 9, 2015 and recorded among the land records of Baltimore City, Maryland at Liber 17019, page 475, the holder of the indebtedness secured by said Mortgage having  assigned  the Mortgage to Paul J. Cohen for the purpose of foreclosure, default having occurred under the terms the undersigned Mortgage, and at the request of the party served thereby, the Mortgage Assignee will offer for sale at public auction on the premises on:

THURSDAY • JANUARY 18th, 2018 • 12:00 PM

ALL THAT LEASEHOLD LOT OF GROUND AND THE IMPROVEMENTS thereon situate and lying in Baltimore City, Maryland and more fully described in the aforesaid Mortgage, a copy of which may be obtained from the Mortgage Assignee.

 

The Property will be sold subject to the payment of a Ground Rent of $120.00 paid semi-annually on the 27th days of April and October in each and every year.

 

The Property is believed to be improved by a 3 level Federal style home that contains 2 renovated apartments.  The Lower unit is believed to have 2 bedrooms and 1 bath. The Upper unit is believed to have 2 bedrooms and 2 baths. The Units are believed to have a new HVAC systems, new water heaters, new cabinets and granite.

 

TERMS OF SALE:  A deposit of $10,000.00 in cash or certified funds will be required of the purchaser(s) at time and place of Auction Sale. Balance due in cash or certified funds within twenty (20) days following final ratification of the sale by the Circuit Court for Baltimore City, Maryland. Interest to be paid on the unpaid purchase price at the rate of 25% per annum from day of Auction Sale to date of settlement. Time shall be of the essence with respect to settlement by the purchaser(s). The Mortgage Assignee reserves the right, in his sole discretion, to reject any and all bids or withdraw the Property from sale at any time before or at the Auction. The party secured herein, if a bidder, shall not be required to post a deposit or pay interest. In the event the purchaser(s) fails to go to settlement as required, the deposit shall be forfeited and the Property resold at the risk and expense of the defaulting purchaser. If the Mortgage Assignee is unable to convey title, the purchaser's sole remedy in law and in equity shall be limited to a refund of the deposit and the sale shall be considered null and void and of no effect. Taxes, ground rent, water rent and all other public charges and assessments, payable on an annual basis, including special paving taxes and/or metropolitan district charges, shall be adjusted to date of auction sale and assumed thereafter by the purchaser. Cost of all documentary stamps, transfer taxes, document preparation, title insurance, survey costs and all other settlement expenses incidental to the conveyance of the Property shall be borne by the purchaser. The Property will be sold in an "AS IS" condition, without any warranties or representations either express or implied as to the nature, condition or description of the improvements thereon and subject to all easements, conditions, restrictions, rights of redemption, covenants, encumbrances, 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. Purchaser shall be responsible for obtaining physical possession of the Property. Buyer agrees to the leasehold purchase subject to the ground rent with no adjustment in the purchase price. In addition, the Property will be sold subject to all existing housing, building and zoning code violations, and 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 Auction Sale takes place. The Purchaser will hold harmless and indemnify the Auctioneer as well as the Mortgage Assignee and all employees and agents of the foregoing against any and all claims and/or actions arising out of Auctioneer’s participation in the auction from date of sale to date of settlement, including without limitation, expenses, judgments, fines, settlements and other amounts actually and reasonably incurred in connection with any liability, suit, action, loss or damage as a result of Auctioneer’s participation in the auction.  Purchaser acknowledges the requirements of MD Code, Real Property, § 14-126.1, et. seq.  Internet-based Foreclosed Property Registry, which requires that this property be registered with the MD Foreclosed Property Registry.  The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. The Mortgage Assignee, Auctioneer and Secured Party do not make any representations or warranties with respect to the accuracy of this information.

 

Paul J. Cohen, Mortgage Assignee

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VALUABLE LEASEHOLD BANK FORECLOSURE

Jonathan Melnick Auctioneers and E.T. Newell

Jonathan Melnick Auctioneers and E.T. Newell


Contact: Marie Patterson
Phone: 4103665555
Sale Location
3507 SPRINGDALE AVENUE
BALTIMORE, MD 21216
Sale Dates and Times
Thursday Jan 18, 2018 Completed
Sale Terms and Conditions
SEE BELOW
Listing Details

 

   CIPRIANI & WERNER, P.C.

                                                                     EXECUTIVE PLAZA III, SUITE 302

11350 McCORMICK ROAD

HUNT VALLEY, MD 21031

 

MORTGAGE ASSIGNEE’S SALE OF

VALUABLE LEASEHOLD PROPERTY

 

 (Known As)

3507 SPRINGDALE AVENUE

BALTIMORE, MD 21216

 

Under and by virtue of a decree and/or power of sale contained in a certain Purchase Money/Mortgage from 1213 McAdoo, LLC dated March 9, 2015 and recorded among the land records of Baltimore City, Maryland at Liber 17019, page 475, the holder of the indebtedness secured by said Mortgage having  assigned  the Mortgage to Paul J. Cohen for the purpose of foreclosure, default having occurred under the terms the undersigned Mortgage, and at the request of the party served thereby, the Mortgage Assignee will offer for sale at public auction on the premises on:

THURSDAY • JANUARY 18th, 2018 • 12:00 PM

ALL THAT LEASEHOLD LOT OF GROUND AND THE IMPROVEMENTS thereon situate and lying in Baltimore City, Maryland and more fully described in the aforesaid Mortgage, a copy of which may be obtained from the Mortgage Assignee.

 

The Property will be sold subject to the payment of a Ground Rent of $120.00 paid semi-annually on the 27th days of April and October in each and every year.

 

The Property is believed to be improved by a 3 level Federal style home that contains 2 renovated apartments.  The Lower unit is believed to have 2 bedrooms and 1 bath. The Upper unit is believed to have 2 bedrooms and 2 baths. The Units are believed to have a new HVAC systems, new water heaters, new cabinets and granite.

 

TERMS OF SALE:  A deposit of $10,000.00 in cash or certified funds will be required of the purchaser(s) at time and place of Auction Sale. Balance due in cash or certified funds within twenty (20) days following final ratification of the sale by the Circuit Court for Baltimore City, Maryland. Interest to be paid on the unpaid purchase price at the rate of 25% per annum from day of Auction Sale to date of settlement. Time shall be of the essence with respect to settlement by the purchaser(s). The Mortgage Assignee reserves the right, in his sole discretion, to reject any and all bids or withdraw the Property from sale at any time before or at the Auction. The party secured herein, if a bidder, shall not be required to post a deposit or pay interest. In the event the purchaser(s) fails to go to settlement as required, the deposit shall be forfeited and the Property resold at the risk and expense of the defaulting purchaser. If the Mortgage Assignee is unable to convey title, the purchaser's sole remedy in law and in equity shall be limited to a refund of the deposit and the sale shall be considered null and void and of no effect. Taxes, ground rent, water rent and all other public charges and assessments, payable on an annual basis, including special paving taxes and/or metropolitan district charges, shall be adjusted to date of auction sale and assumed thereafter by the purchaser. Cost of all documentary stamps, transfer taxes, document preparation, title insurance, survey costs and all other settlement expenses incidental to the conveyance of the Property shall be borne by the purchaser. The Property will be sold in an "AS IS" condition, without any warranties or representations either express or implied as to the nature, condition or description of the improvements thereon and subject to all easements, conditions, restrictions, rights of redemption, covenants, encumbrances, 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. Purchaser shall be responsible for obtaining physical possession of the Property. Buyer agrees to the leasehold purchase subject to the ground rent with no adjustment in the purchase price. In addition, the Property will be sold subject to all existing housing, building and zoning code violations, and 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 Auction Sale takes place. The Purchaser will hold harmless and indemnify the Auctioneer as well as the Mortgage Assignee and all employees and agents of the foregoing against any and all claims and/or actions arising out of Auctioneer’s participation in the auction from date of sale to date of settlement, including without limitation, expenses, judgments, fines, settlements and other amounts actually and reasonably incurred in connection with any liability, suit, action, loss or damage as a result of Auctioneer’s participation in the auction.  Purchaser acknowledges the requirements of MD Code, Real Property, § 14-126.1, et. seq.  Internet-based Foreclosed Property Registry, which requires that this property be registered with the MD Foreclosed Property Registry.  The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. The Mortgage Assignee, Auctioneer and Secured Party do not make any representations or warranties with respect to the accuracy of this information.

 

Paul J. Cohen, Mortgage Assignee

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VALUABLE LEASEHOLD BANK FORECLOSURE
 Live Auction
 
Sale Date(s)
Mon, January 1 - Thu, January 18
Auction Location

BALTIMORE, MD 21216
Company
Jonathan Melnick Auctioneers and E.T. Newell

Contact: Marie Patterson
Phone: 4103665555
Email: Marie@melnicknewell.com

 

   CIPRIANI & WERNER, P.C.

                                                                     EXECUTIVE PLAZA III, SUITE 302

11350 McCORMICK ROAD

HUNT VALLEY, MD 21031

 

MORTGAGE ASSIGNEE’S SALE OF

VALUABLE LEASEHOLD PROPERTY

 

 (Known As)

3507 SPRINGDALE AVENUE

BALTIMORE, MD 21216

 

Under and by virtue of a decree and/or power of sale contained in a certain Purchase Money/Mortgage from 1213 McAdoo, LLC dated March 9, 2015 and recorded among the land records of Baltimore City, Maryland at Liber 17019, page 475, the holder of the indebtedness secured by said Mortgage having  assigned  the Mortgage to Paul J. Cohen for the purpose of foreclosure, default having occurred under the terms the undersigned Mortgage, and at the request of the party served thereby, the Mortgage Assignee will offer for sale at public auction on the premises on:

THURSDAY • JANUARY 18th, 2018 • 12:00 PM

ALL THAT LEASEHOLD LOT OF GROUND AND THE IMPROVEMENTS thereon situate and lying in Baltimore City, Maryland and more fully described in the aforesaid Mortgage, a copy of which may be obtained from the Mortgage Assignee.

 

The Property will be sold subject to the payment of a Ground Rent of $120.00 paid semi-annually on the 27th days of April and October in each and every year.

 

The Property is believed to be improved by a 3 level Federal style home that contains 2 renovated apartments.  The Lower unit is believed to have 2 bedrooms and 1 bath. The Upper unit is believed to have 2 bedrooms and 2 baths. The Units are believed to have a new HVAC systems, new water heaters, new cabinets and granite.

 

TERMS OF SALE:  A deposit of $10,000.00 in cash or certified funds will be required of the purchaser(s) at time and place of Auction Sale. Balance due in cash or certified funds within twenty (20) days following final ratification of the sale by the Circuit Court for Baltimore City, Maryland. Interest to be paid on the unpaid purchase price at the rate of 25% per annum from day of Auction Sale to date of settlement. Time shall be of the essence with respect to settlement by the purchaser(s). The Mortgage Assignee reserves the right, in his sole discretion, to reject any and all bids or withdraw the Property from sale at any time before or at the Auction. The party secured herein, if a bidder, shall not be required to post a deposit or pay interest. In the event the purchaser(s) fails to go to settlement as required, the deposit shall be forfeited and the Property resold at the risk and expense of the defaulting purchaser. If the Mortgage Assignee is unable to convey title, the purchaser's sole remedy in law and in equity shall be limited to a refund of the deposit and the sale shall be considered null and void and of no effect. Taxes, ground rent, water rent and all other public charges and assessments, payable on an annual basis, including special paving taxes and/or metropolitan district charges, shall be adjusted to date of auction sale and assumed thereafter by the purchaser. Cost of all documentary stamps, transfer taxes, document preparation, title insurance, survey costs and all other settlement expenses incidental to the conveyance of the Property shall be borne by the purchaser. The Property will be sold in an "AS IS" condition, without any warranties or representations either express or implied as to the nature, condition or description of the improvements thereon and subject to all easements, conditions, restrictions, rights of redemption, covenants, encumbrances, 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. Purchaser shall be responsible for obtaining physical possession of the Property. Buyer agrees to the leasehold purchase subject to the ground rent with no adjustment in the purchase price. In addition, the Property will be sold subject to all existing housing, building and zoning code violations, and 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 Auction Sale takes place. The Purchaser will hold harmless and indemnify the Auctioneer as well as the Mortgage Assignee and all employees and agents of the foregoing against any and all claims and/or actions arising out of Auctioneer’s participation in the auction from date of sale to date of settlement, including without limitation, expenses, judgments, fines, settlements and other amounts actually and reasonably incurred in connection with any liability, suit, action, loss or damage as a result of Auctioneer’s participation in the auction.  Purchaser acknowledges the requirements of MD Code, Real Property, § 14-126.1, et. seq.  Internet-based Foreclosed Property Registry, which requires that this property be registered with the MD Foreclosed Property Registry.  The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. The Mortgage Assignee, Auctioneer and Secured Party do not make any representations or warranties with respect to the accuracy of this information.

 

Paul J. Cohen, Mortgage Assignee