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Auction Information
Auctioneer Jonathan Melnick Auctioneers and E.T. Newell 410-366-5555
Auction Date Jul 12 Auction
Location
1414 BELMONT STREET, N.W.
C-6
WASHINGTON, DC
Time 12:00PM
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AuctionZip Auctioneer ID# 6762

BANK FORCLOSURE AUCTION

“COLUMBIA HEIGHTS” 2 LEVEL

1 BD 2 BA 1,800 SF ± MIXED USE CONDO

 

(SALE ON THE PREMISES)

 

1414 BELMONT STREET N.W. #C-6

WASHINGTON, DC  20009

 (Corner of 14th St & Florida Ave)

 

2 % BROKER CO-OP

INVITED* 

 

By virtue of the power of sale contained in that certain Commercial Real Estate Deed of Trust, (the “Deed of Trust’) from Brandi S. Nave to Claude O. Barrington and John Gamble, Trustees dated January 13, 2014, and recorded January 28, 2014 among the Land Records of the Office of the Recorder of Deeds for the District of Columbia as Instrument No. 2014007973, the holder of the indebtedness secured by said Deed of Trust, having appointed Jeremy K. Fishman, Samuel D. Williamowsky and Erica T. Davis (any of whom may act) for the purpose of foreclosure, default having been declared and demand having been made for payment of the obligations secured thereby and after giving due notice of sale in accordance with DC ST Section 42-815 et seq. recorded on May 2, 2018 the undersigned Substitute Trustees will offer for sale at public auction on the premises on:

THURSDAY, JULY 12, 2018 AT 12:00 P.M. (NOON)

All that certain lot or parcel of land situate in the District of Columbia and being more particularly described as follows:

BEING KNOWN AND DESIGNATED AS Lot numbered 235 in Square Numbered 2660 in a subdivision made by “RLA Revitalization Corporation,” as per plat recorded in Subdivision Book 200 at page 38, in the Office of the Surveyor for the District of Columbia. The above described land is designated on the records of the Assessor of the District of Columbia for assessment and taxation purposes as Lot 2053 in Square 2660.

PROPERTY DESCRIPTION:  The property is believed to be improved by a 2 level mixed use condo which is believed to contain 1 bedroom, 2 full baths and eat in kitchen.

TERMS OF SALE:  A deposit of $25,000.00 in cash or certified funds will be required of the purchaser(s) at time and place of Auction Sale.  Balance due in cash or certified funds at settlement which shall occur within thirty (30) days of sale date.  Interest to be paid on the unpaid purchase price at the rate of 5.125% per annum from day of Auction Sale to date of settlement.  Time shall be of the essence with respect to settlement by the purchaser(s).  The Substitute Trustees reserve the right, in their sole discretion, to (i) reject any and all bids, (ii) to modify or waive the requirements for deposits from bidders and other terms of sale or settlement; and (iii) withdraw the property from sale at any time before or at the Auction. The party secured herein, if a bidder, shall not be required to post a deposit or pay interest.  In the event the purchaser(s) fails to go to settlement as required, the deposit shall be forfeited and the property resold at the risk and expense of the defaulting purchaser.  If the Substitute Trustees are unable to convey title, the purchaser’s sole remedy in law and in equity shall be limited to a refund of the deposit and the sale shall be considered null and void and of no effect.  Taxes, condominium fees, ground rent, water rent and all other public charges and assessments, payable on an annual basis, including special paving taxes and/or metropolitan district charges, if any, shall be adjusted to date of Auction Sale, however, not to exceed an adjustment of $500.00 against the Substitute Trustees and shall be assumed thereafter by the purchaser. The Property will be sold subject to a 120 day right of redemption by the Internal Revenue Service.Cost of all documentary stamps, transfer taxes, document preparation, title insurance, survey costs, and all other settlement expenses incidental to the conveyance of the property shall be borne by the purchaser.  The property will be sold in an “AS IS” condition, without any warranties or guaranties either express or implied as to the nature, condition or description of the improvements thereon and subject to all easements, conditions, restrictions, rights of redemption, covenants, encumbrances, such state of facts that an accurate survey or physical inspection of the property might disclose and agreements of record affecting the same, if any.  Purchaser shall be responsible for obtaining physical possession of the property.  In addition, the property will be sold subject to all existing housing, building and zoning code violations, and subject to all environmental problems and violations which may exist on or with respect to the property and subject to all matters and restrictions of record affecting the same, if any.  The purchaser(s) at the foreclosure sale shall assume the risk of loss for the above-referenced property immediately after the Auction Sale takes place.  Conveyance shall be by Trustee’s Deed without covenant or warranty, express or implied.  All other terms of sale to be announced at the sale.  The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only.  The Substitute Trustees, Auctioneer and Secured Party do not make any representations or warranties with respect to the accuracy of this information.  Mediation Certificate #03-28-18-00003-1 Certificate Expiration Date:  03/28/2019.  For info call MARIE (410) 366-5555 or go to www.mdauctioneers.org. *2% Broker Co-Op Requires 24 Hour Broker Pre-Registration, Call Marie for Broker Registration form.

 

Jeremy K. Fishman, Samuel D. Williamowsky and Erica T. Davis, Substitute Trustees

 

 

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