6606 Park Heights Ave Apt 516 Baltimore, MD
OLIVERI & ASSOCIATES, LLC
Attorneys at Law
635 N. Bestgate Rd - Ste 200,
Annapolis, Maryland 21401
TRUSTEES' SALE Of Valuable
IMPROVED RESIDENTIAL CONDOMINIUM REAL ESTATE
3601 Clarks Lane, #522 a/k/a
6606 Park Heights Avenue, #516, Baltimore, MD 21215
Under and by virtue of a Decree for Sale of Premises by the Circuit Court for Baltimore City, MD dated November 22, 2016 in a case captioned The Council of Unit Owners of Imperial Condominium, Inc. v. Willie R. McMorris, Jr. and Patricia E. McMorris (Case No. 24-O-16-002269) with John M. Oliveri, Esq., and Timothy J. Larsen, Esq., being appointed as Trustees in said order to sell said property, the undersigned will offer for sale at Public Auction at the premises of 3601 Clarks Lane, #522 a/k/a 6606 Park Heights Ave., #516, Baltimore, Maryland 21215 on
Thursday, March 1, 2018 at 12:15 p.m.
ALL THAT LOT OF GROUND situate in Baltimore City, Maryland and described as follows, that is to say:
Being known and designated as Unit No. 522, Building "A" (sometimes referred to as apartment No. 516) in The Imperial Condominium as established pursuant to the condominium declaration made by Lela Constance Russell and Lewis Wesley Russell, dated March 28, 1977 and recorded among the Land Records of Baltimore City in Liber RHB No. 3460, folio 288, et seq., and pursuant to the Plats entitled, Imperial Condominium, 6606 Park Heights Avenue, Baltimore, Maryland referred to in said Declaration which Condominium Plats consist of 12 sheets; recorded among the Land Records aforesaid in Condominium Plat Book RHB No. 14.
Together with an undivided 0.645 percent interest in the common elements and common expenses and common profits of the aforesaid condominium regime; and all rights, privileges and powers reserved for the benefit of each and every Unit Owner under and pursuant to the Declaration aforesaid and the By-Laws on The Imperial Condominium recorded among the aforesaid Land Records in Liber RHB No. 3460, folio 345, et seq. The improvements thereon being known as 3601 Clarks Lane or 6606 Park Heights Avenue, Unit 552.
The subject property is being sold subject to but not assuming a Deed of Trust in favor of Hopkins Federal Savings Bank recorded June 23, 2008 among the Land Records of Baltimore City, MD in Book 10797, Page 001 in the original principal amount of $57,000.00; and a Judgment in favor of the State of Maryland dated March 14, 2012 in the original amount of $1,556.93.
TERMS OF SALE: The property will be sold in "as is" condition, subject to any and all covenants, conditions, restrictions, easements, rights of way and limitations of record, and with no warranties. The property will be sold subject to any building or housing violations, easements, agreements, restrictions, terms, rights of way, covenants, conditions, rights of redemption, and other encumbrances, if any, affecting the subject property, whether or not of record.
A Deposit of Five Thousand Dollars ($5,000.00) will be required of the purchaser in the form of cash or certified check on the day of sale. The Beneficiary, or any subsidiary of beneficiary, named in the Decree of Sale, if a bidder, shall not be required to make a deposit. Interest at the rate of 1.0% per month shall be paid on the unpaid purchase price from the date of sale to the date of settlement if the property is purchased by someone other than the Beneficiary. The balance of the purchase price shall be paid in cash within ten (10) days of final ratification of the sale by the Circuit Court for Baltimore City, time being of the essence. If compliance with the terms of sale does not take place within ten (10) days after final ratification, the deposit shall be forfeited and the property resold at the risk and expense of the defaulting purchaser. Taxes, water rent, and all other public charges and assessments payable on an annual or periodic basis, including sanitary and metropolitan district charges and special paving taxes, and condominium fees, if any, will be adjusted as of the date of sale and thereafter shall be paid by the purchaser. The cost of all recordation and transfer taxes, any agricultural use or transfer tax, and any and all other costs incident to the recording of the deed to the purchaser shall be borne by the purchaser.
The Trustees reserve the right to reject any and all bids in their sole and absolute discretion and to extend the settlement date. Purchaser assumes the risk of loss to the property immediately after sale and shall be solely responsible for obtaining possession of the property.
Conveyance of the property shall be by trustees' deed, without covenant or warranty, expressed or implied, unless otherwise required by statute, court rule or the Deed of Trust. If for any reason the Trustees are unable to convey title, the purchaser's sole remedy at law and equity shall be limited to the refund of the deposit to the purchaser. Upon refund of the deposit, the sale shall be null and void and have no further force or effect, and the purchaser shall have no claim against the Trustees, Beneficiary, or Auctioneers.
The information contained herein was obtained from sources deemed to be reliable, but is offered for information purposes only. The Trustees, Beneficiary, and Auctioneers make no representations or warranties with respect to the accuracy of this information, and the purchaser waives and releases the Trustees, Beneficiary, and Auctioneers from any and all claims the purchaser or purchaser's successors or 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. This advertisement, as amended or supplemented by any oral announcements during the conduct of the sale, constitutes the entire terms upon which the property shall be offered for sale.
JOHN M. OLIVERI, TIMOTHY J. LARSEN, Trustees.
CAMPBELL AUCTIONEERS & APPRAISERS, LLC
Members Maryland Auctioneers Association
811 High St - Ste 100
Chestertown, MD 21620
In Cooperation With
JAY EDWARDS & ASSOCIATES, LLC