00086431 —

Sep 18-1:30
Listing Began:

Description

Seller's Comments and Description:

Rosenberg & Associates, LLC

4340 East West Highway, Suite 600

Bethesda, MD 20814

(301) 907-8000

COURT APPOINTED SUBSTITUTE TRUSTEES

FORECLOSURE SALE OF REAL PROPERTY

1435 4th Street, SW, Unit #B715

and Parking Unit #P-39

Washington, DC 20024

SITUATED IN THE DISTRICT OF COLUMBIA: PART OF LOT 51 IN SQUARE 504 IN A SUBDIVISION MADE BY FINLEY PROPERTIES, N. V., AS PER PLAT RECORDED IN LIBER NO. 171 AT FOLIO 34, AMONG THE RECORDS OF THE OFFICE OF THE SURVEYOR OF THE DISTRICT OF COLUMBIA. THE PART OF THE LAND CONVEYED BEING MORE PARTICULARLY DESIGNATED AS UNIT NO. 715 BUILDING B AND PARKING UNIT P-39 OF THE “RIVERSIDE CONDOMINIUM". TOGETHER WITH AN UNDIVIDED SHARE INTEREST (STATED AS A PERCENTAGE) IN THE COMMON ELEMENTS, ACCORDING TO THE DECLARATION OF CONDOMINIUM AND BY-LAWS RELATING THERETO, DATED OCTOBER 2, 1980 AND RECORDED OCTOBER 7, 1980 AS INSTRUMENT NOS, 32372 AND 32373, RESPECTIVELY, AND THE FIRST AMENDMENT TO BY-LAWS RECORDED AUGUST 17, 1990 AS INSTRUMENT NO. 45871, AMONG THE LAND RECORDS OF THE DISTRICT OF COLUMBIA AND AS PER PLAT OF CONDOMINIUM SUBDIVISION RECORDED IN CONDOMINIUM BOOK NO. 26 AT PAGE 47, IN THE OFFICE OF THE SURVEYOR OF THE DISTRICT OF COLUMBIA. TOGETHER WITH ALL THE APPURTENANCES INCIDENT TO SAID UNIT, AS CONTAINED IN SAID DECLARATION OF CONDOMINIUM. THE CONDOMINIUM DECLARATION ALLOCATED TO THE CONDOMINIUM UNIT AN UNDIVIDED INTEREST (STATED AS A PERCENTAGE) IN THE COMMON ELEMENTS OF THE CONDOMINIUM (HEREINAFTER CALLED THE "PERCENTAGE INTEREST”), THE PERCENTAGE INTEREST OF THE CONDOMINIUM UNIT IS SET FORTH IN THE CONDOMINIUM DECLARATION. TAX ID NO: 0504 2279 (UNIT) AND 0504 2351 (PARKING). BEING THE SAME PROPERTY CONVEYED BY WARRANTY DEED.

In execution of the Superior Court for District of Columbia's ("Court") Order/Decree in Case #2019-CA-002752 R(RP) TOORAK REPO SELLER 1 TRUST v. MLP CONSULTING, LLC the undersigned Substitute Trustees will offer for sale at public auction within the offices of Alex Cooper Aucts., Inc., 4910 Massachusetts Ave., NW #100, Washington, DC 20016, 202-364-0306 on

MONDAY, SEPTEMBER 23, 2024 AT 10:10 AM

THE ABOVE DESCRIBED PROPERTY AND IMPROVEMENTS THEREON situated in Washington, DC and more fully described in a Deed of Trust dated February 12, 2018 recorded as Instrument No. 2018016603 among the D.C. Land Records.

The property will be sold by Trustee’s Deed “as is” without any covenant, expressed or implied, in Fee Simple, subject to conditions, restrictions, easements, and all other recorded instruments superior to the Deed of Trust referenced above, and subject to ratification by the Court.

TERMS OF SALE: The property will be sold subject to a prior mortgage, the amount to be announced at the time of sale. A deposit of at least $25,000 or ten percent (10%) of the winning bid amount, whichever is lower, will be required at time of sale, in the form of certified check or cashier's check, or other form as Substitute 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 Substitute Trustees which shall be announced at sale. The Balance of the purchase price to be paid in cash or certified funds within 60 days of final ratification of the sale by the Court. TIME IS OF THE ESSENCE. If purchaser fails to settle within the aforesaid 60 days of the ratification, the purchaser agrees to pay the Substitute Trustees’ reasonable attorney fees as ordered by the Court, plus all costs incurred, if the Substitute Trustees have filed the appropriate motion with the Court to resell the property. Purchaser waives personal service of any paper filed with the Court in connection with such motion and any Show Cause Order issued by the Court and expressly agrees to accept service of any such paper or Order by certified mail and regular mail sent to the address provided by the purchaser and as recorded on the documents executed by the purchaser at the time of the sale. Service shall be deemed effective upon the purchaser 3 days after postmarked by the United States Post Office. It is expressly agreed by the purchaser that actual receipt of the certified mail is not required for service to be effective. If the purchaser fails to go to settlement the deposit shall be forfeited to the Substitute 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 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 contained in the Deed of Trust Note from the date of sale to the date the funds are received in the office of the Substitute 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 obtaining 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 Substitute Trustees of such event the sale is null and void and of no legal effect and the deposit returned without interest. File #23-001165-DC-F-1

Diane S. Rosenberg, Mark D. Meyer, et al.,

Substitute Trustees

Aug 28, Sep 4, Sep 11, Sep 18

(Serial #520524) Ad#86431





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Member Since:
Jan 24, 2017

Washington, DC, 20002

(202) 636-3109

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