After the lender foreclosed and the mortgaged property was sold at a sheriff's sale
, the lender went after the borrower and guarantors for the $5.
Overestimating the value of a foreclosed home leads lenders to set too high a minimum bid at the sheriff's sale
, which lowers the chance that someone will buy the home at the auction and take it off the lender's hands.
He owes a Benton County judgment of $491,802 to First State Bank, so the bank used existing law to force a sheriff's sale
of various Terminella assets, including the lawsuits.
Cornerstone was scheduled to go up for auction last month but filed for bankruptcy at the last minute, thus averting a sheriff's sale
They are now anchored off Singapore's south coast while preparations are made to auction them off in what is called a sheriff's sale
Now they have, in their words, 'decided not to go forward' and put a notice on the house for a sheriff's sale
9, Youngman said she called the bank to verify the sheriff's sale
of her home had been postponed.
The filing was prompted in part by a sheriff's sale
of equipment at its injection molding plant in Seagrove, N.
In a sheriff's sale
, a notice of the sale and date is published to the public, but on the sale day, I was the only person to show up.
Chicago-based BLN Capital Funding LLC, the largest mortgage holder in Pittsburgh's Reinhold Ice Cream Company has claimed the remaining properties of Reinhold through a sheriff's sale
In the August 1 News story "Glitch won't affect lawyers handling foreclosures," the quote: "If a person's home is scheduled to be sold at a sheriff's sale
, only a Chapter 13 bankruptcy can stop it," should have been attributed to Jacksonville attorney Chip Parker.
But across all of east Cleveland, one of every four homes sold last year was auctioned at a sheriff's sale