THE MALDEN ADVOCATE–Friday, January 12, 2024 Page 15 For Advertising with Results, call The Advocate Newspapers at 617-387-2200 or Info@advocatenews.net ~ LEGAL NOTICE ~ MORTGAGEE’S SALE OF REAL ESTATE By virtue and in execution of the Power of Sale contained in a certain mortgage given by JIN Properties, LLC to Latitude Capital, LLC, a Delaware limited liability company, dated May 3, 2023 and registered with the Middlesex Southern District Registry of Deeds District of the Land Court as Document Number 1936478 on Certificate of Title Number 281895, as affected by an Assignment of Commercial Mortgage from Latitude Capital LLC to the Latitude Capital, LLC, Trustee of the Latitude Capital Lending Trust u/d/t dated August 1, 2018, dated May 3, 2023 and being registered with the Middlesex Southern District Registry of Deeds District of the Land Court as Document Number 1936479 on Certificate of Title Number 281895 of which mortgage the undersigned is the present holder, by assignment, for breach of the conditions of said mortgage and for the purpose of foreclosing the same will be sold at Public Auction on February 5, 2024 at 11:00 A.M. at 135 Elwell Street, Malden MA all and singular the premises described in said mortgage, To wit; A certain parcel of land situated in Malden in the County of Middlesex, Massachusetts and bounded and descried as follows: SOUTHWESTERLY NORTHWESTERLY NORTHEASTERLY feet; SOUTHEASTERLY by the Northeasterly line of Elwell Street, sixty-two and 50/100 feet; by Lot K as shown on plan hereinafter mentioned, eighty feet; by land now or formerly of Joseph O. Maloney, sixty-two and 50/100 by Lot F on said plan, eighty feet. Said parcel is shown as Lot L on said plan (Plan No. 20421E). All of said boundaries are determined by the Court to be located as shown on a subdivision plan, as approved by the Court, filed in the Land Registration Office, a copy of which is filed in the Registry of Deeds for the South Registry District of Middlesex County in Registration Book 440, Page 325 with Certificate 65971. Subject to and with the benefit of easement, reservations restrictions and takings of record if any, insofar as the same are now in force and applicable. In the event of an error in this publication, the description of the premises contained in said mortgage shall control. Premises to be sold and conveyed subject to and with the benefit of all rights, rights of way, restrictions, easements, covenants, liens or claims in the nature of liens, improvements, public assessments, any and all unpaid taxes, tax titles, tax liens, water and sewer liens and any other municipal assessments or liens or existing encumbrances of record which are in force and are applicable, having priority over said mortgage, whether or not reference to such restrictions, easements, improvements, liens or encumbrances is made in the deed. Terms of sale: A deposit of Ten Thousand Dollars ($10,000.00) by certified or bank check will be required to be paid by the purchaser at the time and place of sale. The balance is to be paid by certified or bank check at Hadlock Law Offices P.C. within thirty (30) days from the date of sale. Deed will be provided to purchaser for recording upon receipt in full of the purchase price. In the event of an error in this publication, the description of the premises contained in said mortgage shall control. Other terms to be announced at the sale. Latitude Capital, LLC, Trustee Latitude Capital Lending Trust Present holder of said mortgage. By Its Attorneys, Hadlock Law Offices P.C. 111 Speen Street, Suite 200 January 5, 12, 19, 2024 REAL ESTATE TRANSACTIONS BUYER1 BURLESON, LOVIE R ELGHAMRY, AMIRA KARALLI, KRYSTAL VILLALTA, DANILO A BUYER2 KARALLI, MARVIN SELLER1 BENSON, SEAN M LONANO PROP HOLDINGS LLC ZHAOHUI AND QUAN T ZHENG, XUE B YANG, QUAN SELLER2 Copyrighted material previously published in Banker & Tradesman/The Commercial Record, a weekly trade newspaper. It is reprinted with permission from the publisher, The Warren Group. For a searchable database of real estate transactions and property information visit: www.thewarrengroup.com. ADDRESS 95 CLIFTON ST #L2 131 MOUNT VERNON ST #1 39 GARDEN ST 1 ANDREW CT CITY MALDEN MALDEN MALDEN MALDEN DATE 12.18.23 12.20.23 12.22.23 12.18.23 PRICE 350000 495000 825000 539000 M edicare Part A premiums are free for most retirees. This is for hospital coverage. Medicare Part B is not free. This is for outpatient coverage. Medicare Part D is for prescription coverage and involves a premium as in Part B coverage. Many taxpayers are surprised when they receive a letter from Social Security stating that their Medicare Part B and Part D coverage will be increasing dramatically for the upcoming calendar year. They refer to this as IRMAA (the Income-Related Monthly Adjustment Amount). This would apply, for example, if you sold an investment property at a substantial capital gain in calendar year 2022. Your income tax return would not be filed until the early part of calendar year 2023. Therefore, your IRMAA adjustment would not be applicable until calendar year 2024. If this was a one- time capital gain, then for 2025 your Medicare premiums would drop down back to normal as your 2024 Form 1040 would not include that substantial capital gain income. There are other instances where an IRMAA adjustment would be applicable. For example, you withdrew $100,000 from your Traditional IRA account which was all taxable, or a significant capMEDICARE PREMIUM SURCHARGES ital gain realized from the sale of stock. For calendar year 2024, if you are single. You will pay an IRMAA surcharge if your modified adjusted gross income (MAGI) is over $103,000. For a married filing joint tax return, the figure is $206,000. Even your non-taxable Social Security benefits are included as part of the total income figure. Many people don’t realize that your Medicare Part D prescription coverage premium will increase as well, even though you are making monthly payments to a private insurance company such as Blue Cross Blue Shield. Often times, if one spouse dies, the surviving spouse might end up being assessed the IRMAA surcharge going forward. For example, if the married couple’s MAGI was $175,000 when they filed a joint income tax return, that figure is below the threshold of $203,000 before the IRMAA surcharge would become applicable. If the surviving spouse’s MAGI end’s up being $140,000 in the year after the deceased spouse’s death, that figure is above the $103,000 level for a single person and the surcharge would then be applicable. As a further note, none of your itemized deductions, such as real estate taxes, state income taxes, or mortgage interest help to reduce the IRMAA surcharge. These deductions are not taken into consideration when calculating MAGI. Joseph D. Cataldo is an estate planning/elder law attorney, Certified Public Accountant, Certified Financial Planner, AICPA Personal Financial Specialist and holds a master’s degree in taxation.
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