3737 Clarks Ln Unit 411 Baltimore, MD
OLIVERI & ASSOCIATES, LLC
Attorneys at Law
635 N. Bestgate Rd - Ste 200,
Annapolis, Maryland 21401
IMPROVED RESIDENTIAL CONDOMINIUM REAL ESTATE
3737 Clarks Lane, Unit 411, Baltimore, MD 21215
Under and by virtue of a Decree for Sale of Premises by the Circuit Court for Baltimore City, MD dated August 25, 2016, in a case captioned The Diplomat Condominium v. Dianne Gholson (Case No. 24-0-16-001949) 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 3737 Clarks Lane, Unit 411, Baltimore, MD 21215, on
Thursday, March 1, 2018 at 11:45 a.m.
ALL THAT LOT OF GROUND situate in City of Baltimore, State of Maryland and described as follows:
BEGINNING FOR THE SAME AND BEING KNOWN AND DESIGNATED AS CONDOMINIUM UNIT NO. 411 IN THE "DIPLOMAT CONDOMINIUM", TOGETHER WITH AN UNDIVIDED 2.01 PERCENTAGE INTEREST IN THE COMMON ELEMENTS THEREOF AS ESTABLISHED BY THE DECLARATION RECORDED AMONG THE LAND RECORDS OF BALTIMORE CITY IN LIBER W.A. 4010, FOLIO 483 TOGETHER WITH THE BY-LAWS RECORDED HEREWITH AS SHOWN ON THE PLATS THEREOF RECORDED IN CONDOMINIUM PLAT BOOK 39, SAID CONDOMINIUM BEING LOCATED AT 3737 CLARKS LANE WHICH CURRENTLY HAS THE ADDRESS OF 3737 CLARKS LANE, UNIT 411, BALTIMORE, MD 21215.
The subject property is being sold subject to but not assuming a Purchase Money Deed of Trust in favor Floyd C. Holliday, Trustee of the Floyd C. Holliday Revocable Living Trust recorded January 16, 2004, and recorded among the Land Records of Baltimore City, MD in Liber 4889, Page 050 in the original amount of $19,000.00; a Refinance Deed of Trust in favor of Community Lending, Inc. recorded May 18, 2006, among the Land Records of Baltimore City, MD in Book 07810, Page 732 in the original amount of $72,250.00 with Assignment to The Bank of New York Mellon FKA The Bank of New York as Trustee for the benefit of the Certificateholders of the CWABS, Inc., Asset-Backed Certificates, Series 2006-BC5; a Judgment in favor of the State of Maryland dated July 11, 1980 in the original amount of $682.17; and a Judgment in favor of the State of Maryland dated December 17, 1980 in the original amount of $918.52.
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 his 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