00031248 —

Aug 22-8:32
Listing Began:

Description

Seller's Comments and Description:

MDC Auctioneers, LLC

Chevy Chase Pavilion, 5335 Wisconsin Avenue NW, Suite 440

Washington, DC 20015

410-825-2900

COURT APPOINTED TRUSTEES JUDICIAL SALE OF REAL PROPERTY

1411 Webster Street NW,

Washington, DC 20011

In execution of the Superior Court for District of Columbia's Order/Decree in Case Number 2016 CA 006536 R(RP) the Trustees will offer for sale at public auction the real property located at 1411 Webster Street NW, Washington, DC 20011 designated as being Square 2700 Lot 32 and as more fully described in the Deed of Trust dated December 18, 2006, which is recorded as Instrument Number 2007017438 in the Land Records of the District of Columbia. The sale will occur within the offices of MDC Auctioneers, LLC, Chevy Chase Pavilion, 5335 Wisconsin Avenue NW, Suite 440, Washington, DC 20015, 410-825-2900 on

September 13, 2019 AT 11:00 am

The property, in fee simple, together with all improvements. thereon, will be sold by the Trustees in “as is” condition, subject to conditions, restrictions, and agreements of record affecting the same, if any, and with no warranty of any kind. The sale will be subject to ratification by the Court.

Terms of Sale: A deposit of the lesser of $82,000.00 or ten percent (10%) of the winning bid amount, in the form of a certified check, cashier's check, or money order, will be required of the purchaser at the time and place of sale. 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 sale is subject to ratification by the Court. The balance of the purchase price, along with interest on the unpaid purchase money at the rate pursuant to the Note from the date of sale to the date funds are received by the Trustees, to be paid in certified funds within 60 days of final ratification of the sale by the Court. There will be no abatement of interest for the purchaser in the event additional funds are tendered before settlement, or in the event settlement is delayed for any reason whatsoever. TIME IS OF THE ESSENCE FOR THE PURCHASER. If the purchaser fails or refuses to settle within the aforesaid time frame, the deposit will be forfeited and the Trustees may apply the deposit toward costs, fees, and their compensation associated with the initial auction and the resale process, with any remaining amount credited to the underlying debt. Additionally, if the purchaser fails to timely settle, the Trustees may file a motion to resell the property, and the purchaser agrees to pay the Trustees’ reasonable attorney fees in connection with said motion. The purchaser also waives personal service of any paper and Show Cause Order in connection with a motion to resell, expressly agrees to accept service by first class and certified mail sent to the address provided by the purchaser on the documents executed at the time of the sale, and agrees that such service is complete upon mailing and that actual receipt of said mailings is not required. Adjustment of current year's real property taxes shall be adjusted as of the date of sale, and thereafter assumed by the purchaser. Taxes due for prior years including costs of any tax sale are payable by the purchaser. Purchaser is responsible for any recapture of homestead tax credit. All other public and/or private charges or assessments to the extent such amounts survive foreclosure sale, including water/sewer charges, whether incurred prior to or after the sale shall be to be paid by the purchaser. All transfer taxes and recordation taxes shall be paid by purchaser. Purchaser is responsible for obtaining physical possession of the property, and assumes risk of loss or damage to property from the date of sale. If the Substitute Trustee does not convey title for any reason, including but not limited to the Secured Party executing a forbearance agreement with the borrower(s) described in the above-mentioned Deed of Trust, or allowing the borrower(s) to execute their right to reinstate or payoff the subject loan, prior to the sale, with or without the Substitute Trustee’s prior knowledge, or if the sale is not ratified for any reason including errors made by the Substitute Trustees, the foreclosure sale shall be null and void and of no effect, and the Purchaser’s sole remedy in law or in equity shall be the return of the deposit without interest. Further terms and particulars may be announced at time of sale, and purchaser may be required to execute a Memorandum of Sale at the time of auction. (Matter #19409)

Jeffrey Nadel et al., Court Appointed. Trustees

4041 Powder Mill Road

Suite 200

Calverton, Maryland 20705

(240) 473-5000

MDC Auctioneers

305 West Chesapeake Avenue, Suite 105, Towson, Maryland 21204

410-825-2900

www.mdcauctioneers.com

Washington Times,8/15, 8/22, 8/29, 9/5





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