6606 Park Heights Ave. Unit #905 Baltimore, MD 21215
Bedrooms
2
Bathrooms
2
Zoning
R-9
Buy Now or Best Offer
$12,500
Winning Bidder Deposit
$5,000
Assignment of Tax Sale Certificate & Judgement Foreclosing Rights of Redemption | Baltimore City
See below for important information regarding the auction for this Tax Sale Certificate & Judgement Foreclosing Rights of Redemption.
This auction is for the Tax Sale Certificate & Judgement Foreclosing Rights of Redemption. This auction is NOT for the sale of real estate.
Click the Documents Tab to review the Tax Sale Certificate and Judgement Assignment Contract Agreement.
Any information regarding 6606 Park Heights Ave. Unit 905, Baltimore, MD 21215 is for informational purposes only.
1. Auction Platform: This online auction will be held on www.ashlandauction.com. By participating in this auction, you agree to abide by these terms and conditions, as well as any other terms and conditions set forth on the Ashland Auction Group website.
2. Property: The Assignment of Judgement Foreclosing Rights of Redemption for sale is for the property located at 6606 Park Heights Ave Unit 905., Baltimore, MD 21215
3. As-Is Condition: The Assignment of Judgement Foreclosing Rights of Redemption is sold in "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions, or covenants of record affecting the same.
4. Waiver of Inspection Rights: By participating in this auction, you agree to waive the right of inspection for the property associated with the Assignment of Judgement Foreclosing Rights of Redemption.
5. Government Code Violations: The Assignment of Judgement Foreclosing Rights of Redemption is sold subject to any local, state, or federal government housing code violation notices or vacant house notices.
6. Occupancy and Use Permits: It is the purchaser’s responsibility to verify if a use and occupancy permit exists on the subject property and to obtain any necessary permits or licenses related to the property.
7. Risk of Loss: The purchaser assumes the risk of loss or decrease in the property's value from the date of purchase.
8. Broker Representation: No real estate commission and/or broker commission shall be payable on this transaction.
9. Good Faith Authorization Charge: All bidders are required to post a Good Faith Credit Card Authorization Charge to establish themselves as a bona fide bidder.
10. Non-Performance Penalties: Bidders acknowledge and agree that failure to execute a contract of sale with a deposit may result in substantial economic damages and losses.
11. Buyer's Premium: There will be a 10% Buyer's Premium or a $1,000 auction service fee, whichever is greater, added to the high bid. This fee is in addition to the winning bid amount and must be paid in full at the close of the auction. If, at a later date, there is a tax sale redemption, the Buyer’s Premium is nonrefundable. If the Certificate sells above face value and there is tax sale redemption, there will be no refund of the difference between the face value and purchase price.
12. Payment and Transfer: Upon winning the auction, the bidder must pay the full amount of their bid plus the Buyer's Premium or auction service fee within 3 business days of contract ratification. Upon receipt of payment, the Baltimore City's Assignment of Judgement Foreclosing Rights of Redemption will be assigned to the winning bidder.
13. Indemnification: The winning bidder agrees to indemnify and hold harmless Ashland Auction Group and its agents, employees, and representatives from and against any and all losses, damages, liabilities, claims, actions, judgments, costs, and fees (including reasonable attorneys' fees) caused by, relating to, or arising out of the winning bidder's purchase or attempted purchase of the Assignment of Judgement Foreclosing Rights of Redemption.
14. To purchase the tax lien, the Purchaser is responsible for the Total Purchase Price of the Assignment Contract. To complete ownership of the property, Purchaser will be responsible for any outstanding tax sale bid balance and accrued municipal liens due to the jurisdiction after completion of tax lien foreclosure and/or tax sale judgment sale.
15. Limitation of Liability: In no event shall Ashland Auction Group or its agents, employees, or representatives be liable for any indirect, incidental, special, punitive, or consequential damages whatsoever arising out of, resulting from, or in connection with this auction and/or the bidder's use of the auction website, whether based on warranty, contract, tort, or any other legal theory, and whether or not Ashland Auction Group is advised of the possibility of such damages.
16. Force Majeure: Ashland Auction Group shall not be held responsible for any interruption in service, errors, and/or omissions caused by any means and does not guarantee continual, uninterrupted or error-free service or use of the auction website. Bidder acknowledges that this auction is conducted electronically and relies on hardware and software that may malfunction without warning.
17. Transfer of Assignment: Upon receipt of full payment, the Baltimore City's Judgement Foreclosing Rights of Redemption will be assigned to the winning bidder. The transfer will be executed in accordance with the laws and regulations of the State of Maryland. The winning bidder will receive an electronic copy of the assignment at the email address provided during registration. Purchaser shall file the assignment with the Baltimore City's Government.
18. Title and Ownership: The winning bidder acknowledges that the purchase of the Tax Sale Certificate and Judgement Foreclosing Rights of Redemption does not convey title to the property. Buyer must obtain a tax sale deed from the county, based on the already obtained judgment, to obtain ownership of the property.
19. Redemption Rights: The winning bidder agrees to comply with all laws and regulations regarding redemption rights.
20. Legal Compliance: The winning bidder is responsible for complying with all laws and regulations related to the purchase, holding, and enforcement of the Judgement Foreclosing Rights of Redemption. This includes, but is not limited to, laws regarding tax collection, interest rates, redemption rights, foreclosure, and eviction.
21. Legal Disputes: In the event of any misunderstanding or disagreement, the parties all mutually agree to binding arbitration by an agreed upon mediator in the State of Maryland.
Lot Size: +/- 1,297 SF
Real Estate Taxes: $1,324.74
Deposit: The initial deposit amount is listed above. All deposits must be cash or certified funds.
Property Disclaimers: This auction is only for the Assignment of Judgement Foreclosing Rights of Redemption and not for the real estate itself.
Auction Disclaimers: Purchaser responsible for independently verifying/obtaining all zoning, permits, licenses, usage, etc.
Auction ID: A-000014622
Buyer's Agent Commission: 2.5% Broker Co-Op. Commission will be paid on Bid Price only before the inclusion of the Buyer’s Premium. Agents must register their clients 48 hours prior to the auction beginning. Click the Agents tab to fill out the Agent Registration form. Additional terms and conditions apply.
Pre-Auction Offers can be submitted via:
• Form: Contact Us
• Phone: 410-488-3124
• Email: Sales@AshlandAuction.com
Pre-Auction Offers can only be submitted before the start of the online auction.
• 10% Buyer's Premium will be added to the high bid.
• Title: Property will be sold with free and clear title.
• Settlement: 30 days from date of contract ratification.
• Winning Bidder is required to sign and return a contract of sale no later than 4:00PM EST on the day the auction ends.
• Winning Bidder is required to tender deposit within 24 hours via certified funds in the form of cash, cashier’s check, or bank wire.
• If either the deposit or contract is not received the bid will be voided and Ashland Auction Group reserves the right to terminate the bidder’s account.
• Bidders are bound by AshlandAuction.com’s Terms of Use
• Ashland Auction Group will not be responsible for any errors in bidding, website failure, or internet disruption.
• Each bid made on a property in the last two minutes of an auction will add more time to the auction. This will continue indefinitely until the time expires without new bids being placed. A soft close ensures fairness and allows the highest bidder to win.
The property will be sold in "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions, or covenants of record affecting same. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. Property is sold subject to any Local, State or Federal Government Housing Code Violation Notices or Vacant House Notices issued by Local, State or Federal Government. In addition, the purchaser shall independently verify if a use and occupancy permit exists on the subject property by Local, State or Federal Government. It is the purchaser’s responsibility to obtain any use and occupancy permit, if needed. The purchaser waives and releases the Trustee, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to, the environmental condition thereof. If the Trustee/ Seller is unable to convey good and marketable title, the purchaser's sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit, this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Trustee/ Seller or Auctioneers. All expenses, including real estate taxes, sanitary and/or metropolitan district charges, special assessment and private utility charges are to be adjusted to date of contract ratification and assumed thereafter by the purchaser. In the event that the property is occupied, the Purchaser is purchasing the property subject to the existing occupants of record. Purchaser is responsible for obtaining possession of the property. Purchaser assumes risk of loss from the date of contract ratification forward. Seller agrees to give rights of possession at time of contract ratification.
Recordation costs, transfer taxes and all other costs incident to settlement, to be paid by the purchaser. However, if the Property is improved residential real property, and if Buyer is a first time Maryland homebuyer as defined in MD Tax Property Code §13-203(b), as from time to time amended, who will occupy the Property as Buyer's personal residence, then Seller shall pay the state transfer tax of 0.25% to the extent required by law. If payment of the additional deposit, if any, or the balance of the purchase price is not made within the specified periods, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. Time shall be of the essence.
NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Property dimensions, square footage, number of bedrooms, number of bathrooms, number of levels in property and acreage are more or less and should be independently verified by the bidder. Photos placed on website are for information purposes only and shall be independently verified by buyer.
If the property is Tenant occupied, it is being sold subject to the existing Tenant or Occupant in the property. The Bidder shall independently verify all lease documents. Ashland Auction Group, LLC does not guarantee if the tenant is current on rental payments. Ashland Auction Group, LLC does not guarantee the occupancy status of a tenant, nor is Ashland Auction Group, LLC responsible for a tenant breach of lease agreement or vacating property during the advertised auction period, closing, or post-closing, if any. Property is sold subject to any valid or invalid MDE Lead Certification from the Maryland Department of the Environment. Ashland Auction Group does not warrant the accuracy of any MDE Lead Certifications, if any. It is Buyer’s responsibility to verify with all Local, State and Federal Governments if any other licensing requirements are required.
All properties are being sold subject to any ground rent of record. In the event there is an error in the advertised ground rent or the contract states “Fee Simple”, the Buyer shall take title with the existing ground rent of record and there shall not be a monetary penalty to the seller. Prospective purchasers are encouraged to perform their own due diligence and inspections in advance of the auction.
Ashland Auction Group, LLC is acting as agent for the Seller in this transaction and or Auction. Ashland Auction Group, LLC is not acting as agent for the any bidder or any successful bidder regarding pre-auction offers, offers online, onsite auction or post auction offers.
Any person or real estate agent submitting bids on behalf of a buyer, corporation, or other entity agrees to be personally liable for the payment of the purchase price and any related charges and the performance of all Buyer obligations under the Terms of Sale.
Registered Brokers or Agents who represent bidders for pre-auction, on-site auctions, online auctions, or post-auction listings are acting as an agent for the buyer and not a sub-agent for Ashland Auction Group, LLC.
2.5% Broker Co-Op. Commission will be paid on Bid Price Only before the inclusion of the Buyer’s Premium. Agents must register 48 hours in advance of the start of the auction. Additional terms and conditions are listed at: www.ashlandauction.com/broker
Good Faith Authorization Charge Required: All bidders will be required to post a Good Faith Credit Card Authorization Charge to establish themselves as a bona fide bidder. Failure to return an executed Contract of Sale, required addenda, and the stated deposit, as specified in the advertised listing, is a breach of the auction’s Terms of Sale. Bidders hereby authorize Ashland Auction Group, LLC to charge the credit card used to register for the auction to satisfy part or all of the liquidated damages owed to Ashland Auction Group, LLC.
BY PLACING A BID, BIDDERS ACKNOWLEDGE AND AGREE THAT A FAILURE TO EXECUTE A CONTRACT OF SALE WITH A DEPOSIT MAY RESULT IN SUBSTANTIAL ECONOMIC DAMAGES AND LOSSES OF TYPES AND IN AMOUNTS WHICH ARE IMPOSSIBLE, IMPRACTICAL, OR OTHERWISE EXTREMELY DIFFICULT TO ESTIMATE THEREOF.
ACCORDINGLY, IN LIEU OF ACTUAL DAMAGES OF SUCH DELAY, BIDDERS HEREBY AUTHORIZE ASHLAND AUCTION GROUP, LLC TO CHARGE THEIR CREDIT CARD TO SATISFY PART OR ALL OF THE LIQUIDATED DAMAGES, DUE TO ASHLAND AUCTION GROUP, LLC.
IN ADDITION TO THE LIQUIDATED DAMAGES WHICH IS NOT A PENALTY SET-FORTH ABOVE, BIDDERS ACKNOWLEDGE AND AGREE THAT THEIR NON-PERFORMANCE AND EXECUTION OF A CONTRACT OF SALE MAY RESULT IN ADDITIONAL DAMAGES TO THE SELLER AND ASHLAND AUCTION GROUP, LLC. SELLER AND ASHLAND AUCTION GROUP, LLC RESERVE THE RIGHT TO PURSUE ANY AND ALL LEGAL REMEDIES AVAILABLE AT LAW OR EQUITY, INCLUDING THE RIGHT TO MAINTAIN AN ACTION FOR SPECIFIC PERFORMANCE OR TO HAVE THE PROPERTY SOLD AT THE RISK AND EXPENSE OF THE NON-PERFORMING BIDDER. CONSEQUENTLY, BIDDERS AGREE TO PAY THE SELLER AND ASHLAND AUCTION GROUP, LLC FOR ANY COSTS ACTUALLY INCURRED BY THE NON-PERFORMING BIDDER RELATED TO THE HOLDING, MARKETING, OR RESALE OF THE PROPERTY.
Notice: Bids are legally binding. Bids placed on AshlandAuction.com are bound by AshlandAuction.com’s Terms and Conditions (see AshlandAuction.com’s Terms).