147 Siegwart Ln Baltimore, MD
CIPRIANI & WERNER, P.C.
6411 Ivy Lane
Greenbelt, MD 20770
Mortgage Assignee's Sale Of
Valuable Fee Simple And Leasehold Properties
147 Siegwart Lane, Baltimore, MD 21228
4112 Kinsway, Baltimore, MD 21206
Under and by virtue of a decree and/or power of sale contained in a certain Purchase Money/First Lien Mortgage from KRE 1, LLC and KRE 2, LLC dated July 24, 2015 and recorded among the land records of Baltimore City, Maryland at Liber 17372, page 454, 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 front steps of the Circuit Court house for Baltimore City, located at 100 N. Calvert Street, Baltimore, MD 21202:
Wednesday, May 1, 2019 At:
11:30 AM -- 147 Siegwart Lane, Baltimore, MD 21228
11:35 AM -- 4112 Kinsway, Baltimore, MD 21206
ALL THAT LEASEHOLD LOT OF GROUND AND THE IMPROVEMENTS thereon situate and lying in Baltimore City and generally known as 147 Siegwart Lane, Baltimore, MD 21228 as more fully described in the aforesaid Mortgage, a copy of which may be obtained from the Mortgage Assignee.
147 Siegwart Lane will be sold subject to an annual Ground Rent of $96.00.
ALL THAT FEE SIMPLE LOT OF GROUND AND THE IMPROVEMENTS thereon situate and lying in Baltimore City, Maryland and generally known as 4112 Kinsway, Baltimore, MD 21206 as more fully described in the aforesaid Mortgage, a copy of which may be obtained from the Mortgage Assignee.
Each property is believed to be improved by a 3 (three) Bedroom, 1 Bath brick townhome.
TERMS OF SALE: A deposit of $5,000.00 per Property 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 15% 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 either or both Properties 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 a 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 Properties shall be borne by the purchaser. The Properties 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 Properties might disclose and agreements of record affecting the same, if any. Purchaser shall be responsible for obtaining physical possession of the Properties. Buyer agrees to the leasehold purchase subject to the ground rent with no adjustment in the purchase price. In addition, the Properties 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 Properties 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 Properties immediately after the Auction Sale takes place. The Purchaser(s) 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 these Properties 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,