LAW OFFICES
Shulman Rogers, P.A.
12505 Park Potomac Avenue,
6th Floor
Potomac, MD 20854
(301) 230-5241
File No. 131638.00040
SUBSTITUTE TRUSTEE’S
SALE
OF IMPROVED REAL PROPERTY
2609 Garrett Avenue
Baltimore, MD 21218
(the “Property”)
Under a power of sale
contained in a certain Commercial Deed of Trust, Security Agreement
and Fixture Filing (the “Deed of Trust”) from Yaran Y.S. L.L.C.,
to Crown Title Corporation, trustee, dated October 28, 2022, and
recorded in Book 25322, and Page 490, among the Land Records of
Baltimore City, Maryland, default having occurred under the terms
thereof, the Substitute Trustee (“Trustee”) will sell at public
auction at the Baltimore City Courthouse located at 100 N. Calvert
Street (Courthouse West), Baltimore, MD 21202, on
May
17, 2024 at 2:10 PM
All that Fee-Simple lot
of ground and the improvements thereon, if any, identified as Tax ID
No. 09-16-4114E-005 and more fully described in the aforesaid Deed of
Trust.
The Property and
improvements, if any, thereupon will be sold in “as is” condition
and subject to conditions, restrictions, and agreements of record
affecting the same, if any, and with no warranty of any kind.
Terms of Sale: A deposit
of $7,000.00 by certified check. Balance of the purchase price to be
paid in cash within ten days of final ratification of sale by the
Circuit Court for Baltimore City. Interest to be paid on the unpaid
purchase money at the rate of 10.75% from the date of sale to the
date funds are received in the office of the Trustee. There will be
no abatement of interest in the event additional funds are tendered
before settlement or if settlement is delayed for any reason. The
noteholder shall not be obligated to pay interest if it is the
purchaser. TIME IS OF THE ESSENCE FOR THE PURCHASER. Adjustment of
all real property taxes, including agricultural taxes, if applicable,
and any and all public and/or private charges or assessments,
including water/sewer charges and ground rent, to be adjusted to the
date of the sale and thereafter assumed by the purchaser. Condominium
fees and/or homeowners association dues, if any, shall be assumed by
the purchaser from the date of the sale forward. Costs of all
documentary stamps, transfer and recordation taxes, and settlement
expenses shall be borne by the purchaser. Purchaser shall be
responsible for obtaining physical possession of the Property.
Purchaser assumes the risk of loss or damage to the Property from the
date of sale forward. Additional terms may be announced at the time
of sale.
If the Trustee is unable
to convey good and marketable title, the purchaser’s sole remedy in
law and equity shall be limited to a refund of the deposit without
interest. If the purchaser fails to go to settlement, the deposit
shall be forfeited to the Trustee for application against all
expenses, attorneys’ fees and the full commission on the sale price
of the above-scheduled foreclosure sale. In the event of default, all
expenses of this sale (including attorneys’ fees and the full
commission of this sale) shall be charged against and paid out of the
forfeited deposit. Any remaining deposit shall be applied to the loan
secured by the Deed of Trust. The Trustee may then re-advertise and
resell the Property at the risk and expense of the defaulting
purchaser or may avail himself of any legal or equitable remedies
against the defaulting purchaser without re-selling the Property. In
the event of a resale, the defaulting purchaser shall not be entitled
to receive the surplus, if any, even if such surplus results from
improvements to the Property by said defaulting purchaser and the
defaulting purchaser shall be liable to the Trustee and secured party
for reasonable attorneys’ fees and expenses incurred in connection
with all litigation involving the Property or the proceeds of the
resale.
Benjamin P.
Smith,
Substitute
Trustee
HARVEY WEST AUCTIONEERS,
LLC.
300 E. JOPPA ROAD
HAMPTON PLAZA-SUITE 1103
BALTIMORE, MD 21286
www.hwestauctions.com
410-769-9797
Ad to appear in the Daily
Record – 5/1, 5/8, & 5/15