CLASSIFIEDS
00088714 —
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
COURT APPOINTED TRUSTEE FORECLOSURE SALE OF IMPROVED REAL PROPERTY
5006-5008 JUST STREET NE
WASHINGTON, DC 20019
The undersigned Trustees will sell at public auction at the auctioneer's gallery of Tidewater Auctioneers,LLC, Chevy Chase Pavilion, 5335 Wisconsin Ave NW, Suite 440, Washington, DC 20015 on
December 20, 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 Just Street Flats LLC, dated May 16, 2023 recorded in the Office of the Recorder of Deeds for the District of Columbia at Instrument Number 2023042813 on May 23, 2023, with an original principal balance of $405,000.00, and an original interest rate of 11.750%, with a default rate of 21.750% default having occurred under the terms thereof.
LEGAL DESCRIPTION
SCHEDULE “A” / EXHIBIT “A”
Being A&T Lot numbered Eight Hundred Eighty-nine (1009), a part of Lot 185, in Square numbered Fifty-one Hundred Seventy-six (5176), in the District of Columbia; and being more particularly described as follows:
BEGINNING at the front or Southerly corner common to A&T Lots 1009 and 890, parts of Lot 185, Square 5176; thence running with the northerly line of Just Street, N.E., (1) along the arc of a curve to the left having a radius of 660.00 feet and a chord bearing S. 83 deg. 09 min. 37 sec. W. 29.17 feet; thence running with A&T Lot 1005 of Lot 185, (2) N. 03 deg. 47 min. 27 sec. W. 49.52 feet; thence (3) N. 86 deg. 12 min.33 sec. E. 8.00 feet; thence running with A&T Lots 1005, 1006 and 1007 of Lot 185, (4) N. 03 deg. 47 min. 27 sec. W. 37.50 feet; thence, (5) S. 86 deg. 12 min. 33 sec. W. 7.00 feet; thence, (6) N. 03 deg. 47 min. 27 sec. W. 26.80 feet; thence running with Lot 373 and A&T Lot 881 of Lot 182, (7) N. 84 deg. 42 min. 00 sec. E. 23.14 feet; thence running with A&T Lot 890 of Lot 185, (8) S. 03 deg. 47 min. 27 sec. E. 113.14 feet to the place of beginning. Containing 2,409 square feet or 0.05531 of an acre of land, more or less.
NOTE: At the date hereof, the above-described property is known for purposes of assessment and taxation as Square 5176 Lot 1009.
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:
A deposit of the lesser of $40,000.00 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 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 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 21.750% 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. Additional terms may be announced at sale.
Richard E. Solomon, et al., Sub. Trustees
Tidewater Auctions, LLC
(410) 825-2900
www.tidewaterauctions.com
Washington Times,12/9, 12/11, 12/13, 12/16, 12/18
CGD File #:462469 Ad#88714