Important Update(s)
Howard County

EFFECTIVE 07/06/2021 Sales will now take place at the new Courthouse located at 9250 Judicial Way formerly known as Bendix Road

Washington D.C.

PLEASE NOTE: In the event that the office building at 5335 Wisconsin Ave is closed, all scheduled Washington, DC sales will take place at the front entrance door of the Chevy Chase Pavilion

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Auction Details

Legal Address: 615 KENNEDY STREET NW WASHINGTON DC 20011

Property Geocode:

Sale Date: 2024-11-12

Sale Time: 2:05 PM

Online Views: 8

Publication

Pardo & Drazin, LLC

Russell S. Drazin, Attorney

4400 Jenifer Street, NW, Suite 2

Washington, DC 20015

202-223-7900

SUBSTITUTE TRUSTEE’S SALE

OF REAL PROPERTY

615 Kennedy Street, NW

Washington, DC 20011

Lot 0075 in Square 3207

Under a power of sale contained in a Deed of Trust (the “Deed of Trust”) dated July 30, 2021 and recorded on August 6, 2021 as Instrument No. 2021106096 from 615 KENNEDY ST NW, LLC (“Borrower”), a Maryland limited liability company, as grantor, to DANIEL  HUERTAS (“Original Trustee”), as trustee, for the benefit of WCP FUND I LLC (“Original Lender”), a  Delaware limited liability company, as beneficiary, securing a Commercial Deed of Trust Note (as modified) dated July 30, 2021 in the principal amount of $2,495,000.00 made by Borrower, as maker, payable to the order of Original Lender, as payee, default having occurred under the terms thereof, and pursuant to a Deed of Appointment of Substitute Trustee removing Original Trustee as trustee under the Deed of Trust and appointing RUSSELL S. DRAZIN (“Substitute Trustee”) as substitute trustee under the Deed of Trust, and following the mailing and recordation of an Affidavit of Non-Residential Mortgage Foreclosure and a Notice of Foreclosure Sale of Real Property or Condominium Unit, at the request of the current noteholder, Substitute Trustee will sell at public auction at the office of Harvey West Auctioneers, Inc., 5335 Wisconsin Avenue, NW, Suite 440, Washington, DC 20015, on

NOVEMBER 12, 2024 AT 2:05 PM

ALL THAT LOT OF GROUND AND THE IMPROVEMENTS THEREON (if any) situated in the City of Washington, District of Columbia, known as 615 Kennedy Street, NW, Washington, DC 20011 (Lot 0075 in Square 3207), and more fully described in the Deed of Trust.

The property will be sold in an “AS IS” condition, with no warranty of any kind, and subject to conditions, restrictions, agreements, liens, and encumbrances of record affecting the same – except those encumbrances of record that are extinguished by operation of District of Columbia law by virtue of the foreclosure of the Deed of Trust.

Purchaser will take title to the property subject to all taxes, water and sewer charges, and other utility charges, if any. Purchaser assumes the risk of loss or damage to the property from the date of sale forward. Purchaser shall be responsible for obtaining physical possession of the property.

TERMS OF SALE: A deposit of $300,000.00 by cashier’s check will be required of purchaser at the time and place of sale. Purchaser shall settle within thirty (30) days of sale. TIME SHALL BE OF THE ESSENCE WITH RESPECT TO SETTLEMENT BY PURCHASER. Balance of the purchase price to be paid in cash or certified funds at settlement. Interest to be paid on the unpaid purchase money from the date of sale to the date of settlement at the applicable interest rate set forth in the debt instrument secured by the Deed of Trust. Purchaser shall be responsible for payment of all settlement costs.

The noteholder and its affiliates, if a bidder, shall not be required to post a deposit or to pay interest.

In the event that purchaser does not settle as required for any reason, purchaser shall be in default. Upon such default, the deposit shall be forfeited to Substitute Trustee and all of the expenses of this sale (including legal fees and costs, and full commission on the gross sale price) shall be charged against and paid out of the forfeited deposit. Substitute Trustee may resell the property at the risk and expense of the defaulting purchaser. The defaulting purchaser shall not be entitled to any surplus proceeds or profits resulting from any resale of the property. Defaulting purchaser shall be liable to Substitute Trustee for legal fees and costs incurred by Substitute Trustee in connection with such default.

If Substitute Trustee is unable to settle as set forth herein, purchaser’s sole remedy at 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 whatsoever.

Substitute Trustee reserves the right, in Substitute Trustee’s sole discretion, to reject any and all bids, to withdraw the property from sale at any time before or at the auction, to extend the time to receive bids, to waive or modify the deposit requirement, to waive or modify the requirement that interest be paid on the unpaid purchase money, and/or to extend the period of time for settlement.

Additional terms may be announced at the sale. The successful bidder will be required to execute and deliver to Substitute Trustee a memorandum or contract of the sale at the conclusion of bidding.

Russell S. Drazin, Substitute Trustee

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Oct. 29, oct. 31, nov. 4, nov. 6, & nov. 8, 2024

(THE WASHINGTON POST)

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