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On August 22, 2017, Lakeforest Mall was sold at auction for $19.1 million, a fraction of the $100 million price tag from 2012, spurring rumors of possible closure in the future. [35] The auction came after the mall's owner, Five Mile Capital, went into foreclosure. [36] As of August 2017, the mall's general manager is Paul DeMarco. [37]
In all U.S. jurisdictions, a lender who conducts a foreclosure sale of real property that has a federal tax lien must give 25 days notice of the sale to the Internal Revenue Service. Failure to give notice results in the lien remaining attached to the real property after the sale.
Bid4Assets has conducted tax sales via online auction for more than half of the counties in Washington. In October, 2010, Bid4Assets hosted one of the largest online real estate auctions in the history of the United States in which over 13,000 properties located in Wayne County, Michigan, were auctioned due to unpaid real estate taxes. [11]
Kim Zolciak and Kroy Biermann’s Georgia Home Put Up for Public Auction The estranged couple, who met on 'The Real Housewives of Atlanta,' first listed their Alpharetta mansion for $6 million in ...
Ryan Layton (admitted to the Bar in 2002) represented Caribbean All Real Estate, solely owned by Boynton Beach’s Rafael Castro, when it was sued Teresa Lopes in Palm Beach County Circuit Court ...
Foreclosure investment refers to the process of investing capital in the public sale of a mortgaged property following foreclosure of the loan secured by that property. In real estate , foreclosure is the termination of the equity of redemption of a mortgagor or the grantee in the property covered by the mortgage.