873 N Howard St Baltimore, MD
11350 McCormick Road
11350 McCormick Road
Executive Plaza III, Suite 905
Hunt Valley, MD 21031
Assignee's Sale Of Real Property Known As
873-875 North Howard Street,
Baltimore, MD 21201
Case Number 24-O-19-000536
Under and by virtue of the power of sale contained in a mortgage from Lakeside National, LLC, recorded among the Land Records of Baltimore City in Liber 8624, Folio 162, and assignment of mortgage for the purposes of foreclosure recorded among the aforementioned Land Records substituting Gerard F. Miles, Jr. and Henry P. Callegary as Assignees for the purposes of foreclosure, the Assignees will offer for sale at public auction at the 111 North Calvert Street, Baltimore, MD 21202 at the front entrance on
June 27, 2019 at 11:00 a.m.
ALL THAT LOT OF GROUND in Baltimore City, State of Maryland, as described in the mortgage recorded among the Land Records of Baltimore City, in Liber 8624, Folio 162, et seq., known as 873-875 North Howard Street, Baltimore, MD 21201. The property is improved by a building whose use is intended to be commercial.
The property will be sold in "AS IS" condition, subject to any existing building violations, restrictions and agreements of record. The purchaser assumes all risks of loss for the property as of the date of sale. Neither the Assignees nor their respective agents, successors or assigns make any representations or warranties, either expressed or implied with respect to the property. The Assignees shall convey insurable title.
TERMS OF THE SALE: A deposit in a form acceptable to the Assignees in the amount of $30,000.00 will be required of the purchaser, other than the beneficial holder of the debt or its assigns, at the time and place of sale. Any amount tendered at sale in excess of the required deposit will be refunded and not applied to the purchase price. Unless the purchaser is the beneficial holder of the debt or its assigns, the balance of the purchase price shall be paid immediately with available funds within ten (10) days of the final ratification of the sale by the Circuit Court for Baltimore City. Time is of the essence. The purchaser, other than the beneficial holder of the debt or its assigns, shall pay interest at the rate of 14.95% per annum on the unpaid portion of the purchase price from the date of sale to date of settlement. Real property taxes and assessments shall be adjusted to the date of sale and assumed thereafter by the purchaser. Ground rent, water and/or sewer charges public or private, if any, shall be adjusted to the date of sale and assumed thereafter by the purchaser. Cost of all documentary stamps and transfer taxes shall be paid by the purchaser. Purchaser shall have the responsibility of obtaining possession of the property.
In the event settlement is delayed for any reason, there shall be no abatement of interest. If the purchaser defaults, the entire deposit is forfeited. The Assignees shall resell the property at the risk and expense of the defaulting purchaser. The defaulting purchaser shall be liable for the payment of any deficiency in the purchase price, all costs and expenses of both sales, attorney fees, all other charges due, and incidental and consequential damages.
In the event the Assignees do not convey title for any reason, purchaser's sole remedy is return of the deposit. The Purchaser shall have no further recourse against the Mortgagor, the Mortgagee or the Mortgagee's attorney. The Assignees shall have the right to terminate this contract in the event the beneficial owner of the debt has entered into any agreement with, or accepted funds from, the mortgagor. Upon termination of the contract, Purchaser's sole remedy shall be return of the deposit.
GERARD F. MILES, JR., Assignee,
HENRY P. CALLEGARY, Assignee.
Tidewater Auctions, LLC