South Lee County Courthouse will host the foreclosure auction of the River City Mall in Keokuk on Sept. 14, as Bayview Loan Servicing LLC of Florida is foreclosing on a $980,000 loan. The money was serviced to River City Mall LLC and Shannon Zetterlund a couple of years ago. Meyers Driveway and Septic Tank Service [...]
The Dublin-based Anglo Irish Bank is at a turning point where it tries to acquire all or portions of its $9.5 portfolio and the housing units in West Roxbury are part of it. And because their owners, which received a total of $12 million from Anglo Irish Bank run into financial difficulties and it could [...]
Two mostly vacant Sacramento-area business parks are part now of a revitalization project issued by a real estate fund. Their non-performing loans were acquired by KBS Strategic Opportunity REIT, a non-traded investment trust, entity which foreclosed on the business parks. One of the foreclosed parks is Roseville Commerce Center in Roseville, consisting of five flex [...]
The three-story Downtown headquarters of retail developer Broadbent Co. faces foreclosure from Huntington National Bank, entity claiming that Broadbent defaulted on the loan it took out in 2008 to renovate the offices. The lender sued Broadbent over the default on the $12 million loan last week in Indianapolis, asking the court to appoint a receiver [...]
Today is a big day for Port Townsend: a million dollar property is available for only $300,000. The auction is an attempt to avoid foreclosure, in other words, a short sale to satisfy for the owner and the lender. “In the Northwest, I’m not sure I’ve seen a deal structured like this,” said Paul Thomas [...]
Mountain Village’s luxury Capella Telluride/Hotel Madeline property went back to its lender, Swedbank, who acquired it in a foreclosure auction. The auction was held on July 14 at the San Miguel County Treasurer’s Office, with the starting bid of roughly $126.8 million. According to the treasurer’s office, the total debt on the property was roughly [...]
A holding company is foreclosing on Seminole Mall’s mortgage, a small city’s only mall. However, Seminole City Manager Frank Edmunds believes the foreclosure might speed up redevelopment of the struggling mall by bringing the value more into line with current prices. “It’s unlikely the city would buy the property,” he said, “because reviving the mall [...]
An 84-acre town of LeRay property, that supposed to host a 500-unit apartment complex is scheduled for foreclosure auction Wednesday. The property at Route 11 and Waddingham Road is owned by Castles of New York LLC, which acquired the property in 2005 from Douglas Weisenberg, Orlando, Fla., who had provided the company with a $765,000 [...]
The Hagerstown Hotel and Convention Center foreclosure auction lasted about 3 minutes. Or more precisely until the Richard Hagerty read the legal notice and asked for final bids. There was only one bidder present: the company holding the promissory note on the property being sold for $2 million. VFC Partners 8 LLC placed its bid [...]
A longtime local family business run into trouble as the lender, MainSource Bank of Potomac filed a foreclosure lawsuit March 14 against Michael and Elizabeth Gutterridge, owners of the Gutterridge Harley-Davidson business. Although the owners are having hard times, they are still open. The Gutterridge family has run the motorcycle business for 75 year and [...]
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