00085730 —

Sep 19-1:30
Listing Began:

Description

Seller's Comments and Description:

COHN, GOLDBERG & DEUTSCH, LLC

1099 WINTERSON ROAD, SUITE 301

LINTHICUM HEIGHTS, MARYLAND 21090

www.cgd-law.com

TRUSTEE FORECLOSURE SALE OF IMPROVED REAL PROPERTY

2834 R STREET SE, UNIT 5

WASHINGTON, DC 20020

The undersigned Trustees will sell at public auction at the Auctioneer's Gallery of Tidewater Auctions, LLC, Chevy chase Pavilion, 5335 Wisconsin Ave NW Suite 440, Washington, DC 20015 on

August 23, 2024 AT 11:00 AM

THE ABOVE-DESCRIBED PROPERTY AND IMPROVEMENTS THEREON situated in Washington, DC and more fully described in a Deed of Trust from Cassava Ground LLC dated December 16, 2022, recorded in the Office of the Recorder of Deeds for the District of Columbia at Instrument Number 2022123733 on December 20, 2022, with an original principal balance of $102,688.00 and an original interest rate of 10.00% per annum with a default rate of 23% per annum, default having occurred under the terms thereof.

All that piece or parcel of land, together with the improvements, rights, privileges and appurtenances to the same belonging, situate in the District of Columbia, described as follows, to wit:

PROPERTY DESCRIPTION:

Unit 5 in the Condominium known as “2834 “R” STREET, a CONDOMINIUM”, according to the Declaration of Condominium dated July 24, 1989 and recorded February 1, 1990 as Instrument No. 6387, as amended, and the By-Laws of Condominium dated July 24, 1989 and recorded on February 1, 1990 as Instrument No. 6388, as amended, among the Land Records of the District of Columbia, and as per Plat recorded in the Office of the Surveyor for the District of Columbia in Condominium Book 38 at page 32.

TOGETHER WITH an undivided percentage share interest in the Common Elements of said “2834 “R” STREET, A CONDOMINIUM”, as set forth in said Declaration of Condominium and the Exhibits thereto.

Said Condominium project is situate on Lot 115 in Square 5584 in the subdivision made by C & C Enterprises, Inc., as per plat recorded in Liber 182 at folio 54 in the Office of the Surveyor for the District of Columbia.

NOTE: Said property now being known for assessment and taxation purposes as Lot numbered Two Thousand Five (2005) in Square numbered Fifty-five Hundred Eighty-four (5584).

TERMS OF SALE:

A deposit of the lesser of $13,000.00 or ten percent (10%) of the winning bid amount will be required at time of sale, in cash, certified check, or other form as Trustees may determine. The deposit required to bid at the auction is waived for the Noteholder and any of its successors or assigns. The Noteholder may bid up to the amount owed on the Note plus all costs and expenses of sale on credit and may submit a written bid to the Trustee which shall be announced at sale. The Balance of the purchase price to be paid in cash within 30 days of the sale. At the Trustees’ discretion, the foreclosure purchaser, if a corporation or LLC, must produce evidence, prior to bidding, of the legal formation of such entity.

TIME IS OF THE ESSENCE. If purchaser fails to settle within the aforesaid thirty (30) days of the sale, the purchaser agrees to pay the Trustees' reasonable attorney fees, plus all costs incurred, if the Trustees have to resell the property. If the purchaser fails to go to settlement the deposit shall be forfeited to the Trustees and all expenses of this sale (including attorney fees and full commission on the gross sales price of the sale) shall be charged against and paid from the forfeited deposit. In the event of a resale the defaulting purchaser shall not be entitled to any surplus proceeds or profits resulting from any resale of the property regardless of any improvements made to the real property. Interest is to be paid on the unpaid purchase money at the rate of 23% per annum from the date of sale to the date the funds are received in the office of the Trustees. In the event that the settlement is delayed for ANY REASON WHATSOEVER, there shall be no abatement of interest. Taxes, water rent, condominium fees and/or homeowner association dues, all public charges/assessments payable on an annual basis, including sanitary and/or metropolitan district charges, if applicable, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. Purchaser shall be responsible for the costs of all transfer taxes, documentary stamps and all other costs incident to settlement. Purchaser shall be responsible for physical possession of the property. Purchaser assumes the risk of loss from the date of sale forward. The sale is subject to post sale audit by the Mortgage holder to determine whether the borrower filed bankruptcy, entered into any repayment/forbearance agreement, reinstated or paid off prior to the sale. In any such event the Purchaser agrees that upon notification by the Trustees of such event the sale is null and void and of no legal effect and the deposit returned without interest.

Richard E. Solomon, et al., Sub. Trustees

Tidewater Auctions, LLC

(410) 825-2900

www.tidewaterauctions.com

Washington Times,8/12, 8/14, 8/16, 8/19, 8/21

CGD File #460968 Ad#85730





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Washington, DC, 20002

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