00095838 —

Sep 9-23:20
Listing Began:

Description

Seller's Comments and Description:

The Sacks Law Firm, pllc

600 Jefferson Plaza, Suite 101

Rockville, MD 20852

(301) 948-2300

SUBSTITUTE TRUSTEE’S

FORECLOSURE SALE OF REAL PROPERTY

340 55 th Street, N.E.

Washington, DC 20019

Lot 179 in the subdivision of lots 144 and 145 in Square 5252 as per plat recorded in the Office of the Surveyor for the District of Columbia in Liber 193 at folio 188. Said property being now known for assessment and taxation purposes as Lot 179 in Square 5252.

In execution of the Superior Court for District of Columbia's ("Court") Order/Decree in Case No. 2023-CAB-004561, the undersigned Substitute Trustee will offer for sale the real property known as 340 55th Street, N.E., Washington, D.C. 20019. designated as being Lot 179 in Square 5252, at public auction within the offices of Alex Cooper Auctioneers, Inc., 4910 Massachusetts Ave., NW #100, Washington, DC 20016, 202-364-0306 on

OCTOBER 9, 2025 AT 11:45 AM

THE ABOVE-DESCRIBED PROPERTY AND IMPROVEMENTS THEREON situated in Washington, DC and more fully described in a Deed of Trust dated April 29, 2008 recorded as Instrument No. 2008059381 among the Land Records of the District of Columbia. The Substitute Trustee reserves the right to postpone the sale and/or cancel the sale at any time until the auctioneer announces that the property is "sold" and the deposit in the required amount and form is received by the Substitute Trustee.

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 greater of $10,000 or ten percent (10%) of the winning bid amount will be required at time of sale, in the form of certified check or bank cashier's check, or other form as Substitute Trustee may determine. The Substitute Trustee may, as a condition of the sale, require all potential bidders except the noteholder to show their deposit before any bidding begins. 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 Trustee which shall be announced at sale. The Noteholder may also bid at the auction in any amount. 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. Substitute Trustee may enter into a contract or memorandum of sale with the highest qualified bidder, subject to ratification by the Court, and any contract or memorandum of sale must indicate that the sale is subject to such ratification. TIME IS OF THE ESSENCE WITH RESPECT TO SETTLEMENT BY PURCHASER. If purchaser fails to settle within the aforesaid 60 days of the ratification, Substitute Trustee may file a motion to resell the property. Any motion to resell will be filed with the Superior Court and will be served by regular mail to the Purchaser at the address 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 motion is not required for service to be effective. If the purchaser fails to go to settlement the deposit shall be forfeited to the Trustees and all expense 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 the sale to the date the funds are received in the office of the Trustee. 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 association dues (if any), 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 Trustee of such event the sale is null and void and of no legal effect and the deposit returned without interest. If the Substitute Trustee cannot deliver good title to purchaser, the sole remedy of the purchaser shall be the return of purchaser's deposit. File # 030957/007.

Matthew B. Kaplan, Substitute Trustee

Sept 10, 17, 24, Oct 1

(Serial #523782) Ad#95838





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