CLASSIFIEDS
00097696 —
Listing Began:
Description
Seller's Comments and Description:
TRUSTEE’S FORECLOSURE SALE OF
VALUABLE IMPROVED RESIDENTIAL PROPERTY
KNOWN AS
2404 North Capitol Street NW, Washington, DC 20002
The undersigned Trustee will sell through public auction, by Tidewater Auctions, LLC, at Chevy Chase Pavilion, 5335 Wisconsin Ave NW, Suite 440, Washington, DC 20015, on
November 21 st , 2025 AT 11:00 AM
THE ABOVE-DESCRIBED PROPERTY AND IMPROVEMENTS THEREON situated in Washington, DC and more fully described in a Deed of Trust, Assignment of Rents and Security Agreement dated April 11, 2023, and recorded in the Office of the Recorder of Deeds for the District of Columbia at Instrument Number 2023031709, with an original principal balance of $715,000.00, and an original interest rate of 16.00%, default having occurred under the terms thereof.
LEGAL DESCRIPTION
Lot 123 in a subdivision made by Joseph Paul of Lots in Block C.W., Dobbins’ “Addition to the City of Washington”, as per plat recorded in liber county 22 at folio 146 among the Records of the Office of the Surveyor of the District of Columbia. NOTE: At the date hereof the above-described land is designated Lot 123 in Square 3127.
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, the Financing Statement recorded with the D.C. Recorder of Deeds as Doc #: 2023031710, the Notice of Lis Pendens recorded with the D.C. Recorder of Deeds as Doc #: 2025013889, and all other recorded instruments superior to the Deed of Trust, Assignment of Rents and Security Agreement referenced above.
TERMS OF SALE:
A deposit of the lesser of $87,000.00 or ten percent (10%) of the winning bid amount will be required at time of sale, in cash, certified check, or other form as the Trustee 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 Trustee’s 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 Trustee’s reasonable attorney fees, plus all costs incurred, if the Trustee has to resell the property. If the purchaser fails to go to settlement the deposit shall be forfeited to the Trustee 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 default interest rate of 16.00% per annum from the date of 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 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 Note 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 Trustee of such event the sale is null and void and of no legal effect and the deposit returned without interest.
John Hofstadter, Trustee
9911 Mill Run Drive
Great Falls, VA 22066
(703) 537-5101
Tidewater Auctions, LLC
P.O. Box 9
Phoenix, MD 21131
(410) 825-2900
www.tidewaterauctions.com
Washington Times 11/10, 11/12, 11/14, 11/17, 11/19
AD#97696