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Foreclosure Auction

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NEWS
By HEATHER KEELS | February 11, 2009
How to avoid foreclosure HAGERSTOWN -- Up for auction: Two-story house assessed last year at $302,090. Minimum bid: $444,000. Any takers? The answer Wednesday was a resounding no. Out of 14 foreclosed-upon homes up for their requisite auction on the steps of the Washington County Courthouse, not one received a single bid, and those present said it was pretty clear why. "There's really no money to be made on these houses," auctioneer Mike Donofrio of Alex Cooper Auctioneers said.
NEWS
By DAVE McMILLION | davem@herald-mail.com | July 31, 2013
Anyone with a vested interest in Berkeley Spring's tourism industry is hoping for a good owner for the well-known Country Inn as the clock winds down for a scheduled foreclosure auction of the historic property later this month, according to a local tourism official. The inn with its 65 rooms, a full-service restaurant, commercial kitchen, banquet space, bar and lounges will go up for auction at its location at 110 South Washington St., at noon on Aug. 28, according to a news release from Hurley Auctions, who announced the sale in conjunction with AmeriBid LLC. Various financial issues have faced the inn over the years.
NEWS
By DON AINES | dona@herald-mail.com | September 27, 2012
The Corner Pub, a downtown gathering place for more than a quarter of a century is scheduled for a foreclosure auction in October, although co-owner Darryl Sword said an infusion of private funding could forestall a sale. Sword said a series of problems - having money embezzled, the bad economy and the closing of nearby Washington County Hospital - led to “a tight situation” for the business that opened on South Mulberry Street 26 years ago. The possibility of a sale, however, appears to have been averted, Sword said Thursday.
NEWS
February 13, 2009
Foreclosure auction draws no bidders Winds cut power across Tri-State Courthouse evacuated after bomb threat Trailer fire believed to have been arson Bomb threat clears Wal-Mart
NEWS
By ANDREW SCHOTZ | andrews@herald-mail.com | August 9, 2012
The Hagerstown Hotel & Convention Center on Dual Highway is scheduled to close this month, a tourism official said. DFIN LLC is buying the property, according to Bill Barnes, a partner in the limited liability company. The sale is expected to become final in about three weeks. He declined to give the sale price. DFIN hasn't decided what to do with the property, Barnes said. He said the property's current owner, VFC Partners 8 LLC, and its management company made the decision to close the hotel, not DFIN.
NEWS
By ANDREW SCHOTZ | January 23, 2009
HAGERSTOWN -- A Hagerstown hotel purchased at a foreclosure auction last summer has changed to a lower-priced franchise affiliation. The hotel at 1101 Dual Highway had been a Quality Inn. This month, it became an Econo Lodge Inn & Suites. Choice Hotels International owns both of those hotel brands and several others. Raj Patel of Hagerstown said Wednesday that he and his brother-in-law, Bipin Patel, bought the Quality Inn at a foreclosure auction in July 2008. They paid $1,712,500 and the deed was transferred on Aug. 13, 2008, according to Maryland Department of Assessments and Taxation records.
NEWS
By DON AINES | dona@herald-mail.com | April 12, 2011
The reading of the legal notice at the foreclosure auction for the Hagerstown Hotel and Convention Center lasted longer than the actual bidding Tuesday, with the company holding the promissory note on the property being the sole bidder at $2 million. VFC Partners 8 LLC submitted the bid in front of the Washington County Courthouse in Hagerstown. The limited liability corporation is the owner of the promissory note on the hotel and convention center, according to an affidavit filed in March with the clerk of the Circuit Court for Washington County.
NEWS
By HEATHER KEELS | heather.keels@herald-mail.com | April 6, 2011
The Hagerstown Hotel and Convention Center property at 1910 Dual Highway is scheduled to be sold at a foreclosure auction on Tuesday. The sale is set for 11 a.m. at the entrance to the Washington County Courthouse, according to a notice filed by Richard E. Hagerty, substitute trustee with Troutman Sanders LLP of McLean, Va. The property is being sold because owners Watchwood LLC and Bahman Inc. defaulted under the terms of their 2006 financing agreements...
NEWS
By ANDREW SCHOTZ | April 14, 2010
HAGERSTOWN -- A bank is foreclosing on two parcels at Hager's Crossing, a large housing development on the city's western edge. Last fall, the Hagerstown Planning Commission approved 147 multiplex units -- similar to apartments -- on a 16.52-acre parcel, but nothing has been built. A community center for the development sits on an adjacent 9.34-acre parcel. A foreclosure auction on the parcels is scheduled for May 5. In October 2001, The Rachuba Group of Eldersburg, Md., submitted plans to build 936 residential units behind the Centre at Hagerstown as part of a planned-unit development, with a mix of uses.
NEWS
By HEATHER KEELS | February 11, 2009
Foreclosure auction unsuccessful WASHINGTON COUNTY -- Foreclosure activity remains high in Washington County, with 29 foreclosures reported in January, according to Sharon Disque, executive director of the Hagerstown Neighborhood Development Partnership. That's the highest number since October, which also had 29 foreclosures, according to Disque's records. In 2008, there was an average of about 23 foreclosures a month in the county. In 2007, that average was about nine a month; in 2006, it was about four.
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NEWS
By DAVE McMILLION | davem@herald-mail.com | July 31, 2013
Anyone with a vested interest in Berkeley Spring's tourism industry is hoping for a good owner for the well-known Country Inn as the clock winds down for a scheduled foreclosure auction of the historic property later this month, according to a local tourism official. The inn with its 65 rooms, a full-service restaurant, commercial kitchen, banquet space, bar and lounges will go up for auction at its location at 110 South Washington St., at noon on Aug. 28, according to a news release from Hurley Auctions, who announced the sale in conjunction with AmeriBid LLC. Various financial issues have faced the inn over the years.
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NEWS
By DON AINES | dona@herald-mail.com | September 27, 2012
The Corner Pub, a downtown gathering place for more than a quarter of a century is scheduled for a foreclosure auction in October, although co-owner Darryl Sword said an infusion of private funding could forestall a sale. Sword said a series of problems - having money embezzled, the bad economy and the closing of nearby Washington County Hospital - led to “a tight situation” for the business that opened on South Mulberry Street 26 years ago. The possibility of a sale, however, appears to have been averted, Sword said Thursday.
NEWS
By ANDREW SCHOTZ | andrews@herald-mail.com | August 9, 2012
The Hagerstown Hotel & Convention Center on Dual Highway is scheduled to close this month, a tourism official said. DFIN LLC is buying the property, according to Bill Barnes, a partner in the limited liability company. The sale is expected to become final in about three weeks. He declined to give the sale price. DFIN hasn't decided what to do with the property, Barnes said. He said the property's current owner, VFC Partners 8 LLC, and its management company made the decision to close the hotel, not DFIN.
NEWS
By DON AINES | dona@herald-mail.com | April 12, 2011
The reading of the legal notice at the foreclosure auction for the Hagerstown Hotel and Convention Center lasted longer than the actual bidding Tuesday, with the company holding the promissory note on the property being the sole bidder at $2 million. VFC Partners 8 LLC submitted the bid in front of the Washington County Courthouse in Hagerstown. The limited liability corporation is the owner of the promissory note on the hotel and convention center, according to an affidavit filed in March with the clerk of the Circuit Court for Washington County.
NEWS
By HEATHER KEELS | heather.keels@herald-mail.com | April 6, 2011
The Hagerstown Hotel and Convention Center property at 1910 Dual Highway is scheduled to be sold at a foreclosure auction on Tuesday. The sale is set for 11 a.m. at the entrance to the Washington County Courthouse, according to a notice filed by Richard E. Hagerty, substitute trustee with Troutman Sanders LLP of McLean, Va. The property is being sold because owners Watchwood LLC and Bahman Inc. defaulted under the terms of their 2006 financing agreements...
NEWS
By ANDREW SCHOTZ | andrews@herald-mail.com | December 3, 2010
A foreclosure auction scheduled for Thursday to sell the Academy Theatre Banquet & Conference Center at 56-58 E. Washington St. in Hagerstown was canceled. City Theater LLC, which owns the building, owed more than $560,000 on the mortgage as of October, according to documents on file at Washington County Circuit Court. There was no explanation on Thursday of why the auction was canceled. Milton N. Stamper, who is part of the limited liability corporation, declined to comment when reached by phone.
NEWS
By ANDREW SCHOTZ | May 5, 2010
A bank bought back a piece of the Hager's Crossing development Wednesday at a foreclosure auction that drew about 10 people. A second parcel was scheduled to be sold, but that auction was called off. M & T Bank foreclosed on a $2.475 million mortgage secured in 2006 by Rachuba Town and Country LLC. As of Jan. 31, 2010, none of the principal had been repaid, according to an affidavit on file in Washington County Circuit Court. The outstanding debt was $2,521,596.21, including interest and late charges.
NEWS
By ANDREW SCHOTZ | April 14, 2010
HAGERSTOWN -- A bank is foreclosing on two parcels at Hager's Crossing, a large housing development on the city's western edge. Last fall, the Hagerstown Planning Commission approved 147 multiplex units -- similar to apartments -- on a 16.52-acre parcel, but nothing has been built. A community center for the development sits on an adjacent 9.34-acre parcel. A foreclosure auction on the parcels is scheduled for May 5. In October 2001, The Rachuba Group of Eldersburg, Md., submitted plans to build 936 residential units behind the Centre at Hagerstown as part of a planned-unit development, with a mix of uses.
NEWS
February 13, 2009
Foreclosure auction draws no bidders Winds cut power across Tri-State Courthouse evacuated after bomb threat Trailer fire believed to have been arson Bomb threat clears Wal-Mart
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