NEW DATE & TIME FOR THIS AUCTION
IS FRIDAY, FEBRUARY 20TH @ 12 NOON
BANK FORECLOSURE
COMPLETELY RENOVATED "LIKE NEW"
2 BEDROOM 2-1/2 BATH TOWNHOME
ZONED C-M-1 (RESIDENTIAL/COMMERCIAL/LIGHT MANUFACTURING)
IDEAL FOR OFFICE OR RESIDENCE
"OLD CITY"
(Known As)
1014 7TH STREET, S.E.
WASHINGTON, DC 20003
ACROSS FROM THE WASHINGTON, DC MARINE BARRACKS JUST A FEW BLOCKS FROM THE WASHINGTON DISTRICT NAVY YARD
By virtue of the power of sale contained in that certain Deed of Trust, (the “Deed of Trust”) from 1012 Seventh Southeast Redevelopment Company, LLC to John T. Rohrback, Trustee, dated March 29, 2006, and recorded March 31, 2006, among the Land Records of the Office of the Recorder of Deeds for the District of Columbia as Instrument No. 2006042029, the holder of the indebtedness secured by said Deed of Trust, default having been declared and demand having been made for payment of the obligations secured thereby and after giving due notice of sale on or about January 14, 2009 in accordance with said Deed of Trust and applicable law, the undersigned Trustee will offer for sale at public auction on the premises, on
FRIDAY, FEBRUARY 20, 2009 AT 12:00 P.M.
the following described property, individually and/or collectively, together with the improvements thereon, situate in the District of Columbia and more particularly described as follows: Lots numbered 10 and 11 Andrew Oehman’s Subdivision in Square 906 as per plat recorded in the Office of the Surveyor for the District of Columbia in Liber 24 at Folio 166. The Real Property or its address is commonly known as Lot 10 in Square 906, 1014 7th Street, S.E., Washington, DC 20003. The Real Property Tax Identification number is 0906 0010 (1014)
DESCRIPTION OF PROPERTY: The property is believed to be improved by a 2 bedroom 2˝ bath townhome..
TERMS OF SALE: A deposit of $25,000.00 in cash or certified funds, drawn on a responsible banking institution, will be required of the purchaser(s) at time and place of auction sale. Settlement shall occur within thirty (30) days of auction sale. The balance of the purchase price shall be due upon settlement. Time is of the essence. The Trustee reserves the right to withdraw the property from the sale, and reject any and all bids. Interest shall be paid by the Purchaser(s) on the unpaid purchase money at the rate 7.50% per annum from the day of auction sale to the date of settlement. In the event the Bank or an affiliate of the Bank is the successful bidder at the auction sale, the Bank or said affiliate will not be required to make a deposit or to pay interest on the unpaid purchase money. The Trustee may waive the deposit required as to any bidder, in his sole discretion. All taxes Including without limitation, any taxes due and owing as a result of any tax sale(s), personal property taxes or otherwise), water rent and all other municipal charges and liens shall be adjusted to the date of auction sale and paid thereafter by the Purchaser(s). 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 adjusted to the date of auction sale and paid thereafter by the Purchaser(s). The cost of all documentary stamps, recordation taxes, document preparation and transfer taxes shall be paid by the Purchaser(s). The property will be sold subject to all easements, conditions, liens, restrictions, rights of redemption, tenancies, covenants, encumbrances, such state of facts that an accurate survey or physical inspection of the Property might disclose, agreements of record affecting the same, if any. The property will also be sold subject to all existing housing, building and zoning code violations, subject to all environmental problems or violations which may exist on or about the Property, subject to all applicable rules, obligations, easements, equitable servitudes and regulations, subject to all matters and restrictions of record affecting the same, if any, and subject to all rights having priority over the Deed of Trust, if any. The Property will also be sold in an “AS IS” condition and without any warranties or representations, either express of implied, as to the nature, condition or description of the Property or the improvements thereon. The Purchaser(s) at the foreclosure sale shall assume the risk of loss for the Property immediately after the sale takes place. Conveyance shall be by Trustee’s Deed without covenant or warranty, express or implied. In the event the Purchaser(s) fails to go to settlement as required, the aforementioned deposit shall be forfeited and the Property shall be re-sold at the Purchaser’s risk and expense. If the Trustee is unable to convey the Property as described above, the Purchaser(s) sole remedy at law or in equity shall be limited to a refund of the aforementioned deposit. Upon such refund of the deposit to the Purchaser(s), the sale shall be void and of no effect, and the Purchaser(s) shall have no further claim against the Trustee, Auctioneer or the Bank.
The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. The Auctioneer, the Bank and the Trustee do not make any representations or warranties with respect to the accuracy of this information.
John T. Rohrback, Trustee
