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Saum-Wicklein's buildings may be sold at auction

June 24, 1999|By DAN KULIN /Staff Writer

Two downtown Hagerstown buildings owned in part by Hagerstown City Councilwoman Susan Saum-Wicklein are scheduled to be sold at public auction next month.

Saum-Wicklein's father, Douglas C. Saum, said Thursday he is working with bank officials to settle the debts and avoid the sale of the buildings.

The scheduled auctions are the result of foreclosure proceedings initiated after the owners defaulted on two separate bank loans.

One of the buildings, 2-4 W. Washington St. on Public Square, is occupied by The Jeweler's Daughter, which is run by Saum-Wicklein.

The Jeweler's Daughter represents the Saum family's continuous presence as downtown business owners since 1896.

According to records filed in Washington County Circuit Court, Saum-Wicklein and her husband, Michael Wicklein, owe almost $40,000 on a 1995 loan taken on the 2-4 W. Washington St. property, which they own.

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The other building at 37 E. Washington St. is occupied by Video Vision Inc., which is run by Wicklein.

According to court records, Saum, Saum-Wicklein and Wicklein are the members of a partnership that owns the building at 37 E. Washington St.

They owe about $120,000 on a 1990 loan taken on the property. The loan was modified in 1994.

Both loan agreements were with Farmers & Merchants Bank and Trust in Hagerstown.

In general, property owners in their situation can avoid having their property sold at auction by settling their debt at any time before an auction.

Both properties are scheduled to be auctioned at 3 p.m. July 6 in front of the Washington County Circuit Courthouse at 95 W. Washington St. in Hagerstown.

Saum said that he spoke with officials from Farmers & Merchants Bank and Trust on Thursday.

"I personally have made an offer and we are looking at a satisfactory settlement," Saum said.

"No agreement has been reached but we are working (on one)," he said.

Saum did not disclose what his offer was.

Saum-Wicklein and Wicklein could not be reached for comment Thursday.

Ed Hess, a vice president at F&M in Hagerstown, declined to comment.

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