5501 CRAIG AVE Baltimore, MD 21212

The auction will be held Tuesday, March 7th, 2023 at the front steps of the Clarence M. Mitchell, Jr. Courthouse, Circuit Court for Baltimore City, Maryland, located at 100 North Calvert Street, Baltimore, Maryland 21202.

Law Offices of Shannon J. Posner, P.A.
Executive Plaza I – Suite 700
11350 McCormick Road Hunt Valley, Maryland 21031

TRUSTEES’ SALE OF A FEE SIMPLE INTEREST IN CERTAIN IMPROVED REAL PROPERTY GENERALLY KNOWN AS 5501 CRAIG AVENUE, BALTIMORE, MARYLAND 21212
Under and by virtue of the power of sale contained in that certain Deed of Trust, dated September 17, 2007, and recorded among the Land Records of Baltimore City, Maryland in Book 10003, page 0601 (the “Deed of Trust”), the holder of the indebtedness secured by said Deed of Trust (the “Noteholder”) having subsequently appointed Shannon J. Posner and Jacob R. Waechter as Substitute Trustees (collectively, the “Trustee”) by instrument duly executed, acknowledged and recorded among the Land Records of Baltimore City, Maryland for the purposes therein contained, a default having occurred under the terms of said Deed of Trust, the undersigned Trustee will offer for sale at the front steps of the Clarence M. Mitchell, Jr. Courthouse, Circuit Court for Baltimore City, Maryland, located at 100 North Calvert Street, Baltimore, Maryland 21202, on

Tuesday, March 7, 2023
at 10:00 a.m.

ALL OF THAT real property being situate in Baltimore City, Maryland, and the improvements thereon (collectively, the “Property”), and being more particularly described as follows:

All that property situate in Baltimore City, State of Maryland, described as:


Being all that lot situate at the Northeast corner of Tunbridge Road (formerly Ravenwood Avenue) and Craig Avenue, and which lot is known and designated as Lot No. 6, of the Plat of J. Leroy Wright, which said Plat is recorded among the Land Records of Baltimore City, in Liber S.C.L. No. 4336 Folio 418, etc.

For Informational Purposes Only: The improvements thereon being known as 5501 Craig, Baltimore, MD 21212. Tax ID/Parcel No. 27-53-5147-004


TERMS OF SALE: A deposit in the amount of Five Thousand Dollars ($5,000.00), payable in cash, certified check, or other form acceptable to the Trustee, in his sole and absolute discretion, will be required of the purchaser(s) at the time and place of sale. The balance of the purchase price shall be due in cash or by certified check with interest on the unpaid balance of the purchase price at the rate of ten percent (10%) per annum from the date of sale to and including the date of settlement. If ratification or settlement is delayed for any reason, there shall be no abatement of interest. The Trustee reserves the right to reject any and all bids, and to extend the time for settlement, if applicable. In the event the Noteholder, or an affiliate thereof, is the successful bidder at the sale, such party will not be required to make a deposit or to pay interest on the unpaid purchase money. Taxes, water rent, ground rent, if any, and all other municipal charges and liens owed against the Property shall be the responsibility of the purchaser(s) and shall be paid by the purchaser(s) at settlement. In addition, all other charges, expenses and liens owed against the Property including, but not limited to, all public charges and assessments owed against the Property and payable on an annual basis, such as sanitary and/or metropolitan district charges, if any, shall also be the responsibility of the purchaser(s) and shall be paid by the purchaser(s) at settlement. The cost of all documentary stamps, state and local transfer taxes, recordation taxes and fees, title examination costs incurred by the purchaser(s)’ settlement agent, the purchaser(s)’ own attorneys’ fees, conveyance fees, document preparation, and all other incidental settlement costs, shall also be the responsibility of the purchaser(s) and shall be paid for by the purchaser(s) at settlement