Property auctions
April 4 at 3:15pm at the Albemarle Courthouse
Property: 7356 Cripple Creek Road, Afton
Debtor: R. Jack Roy and Karen Groff-Roy
Original amount owing: $143,775
Bidder brings: $10,000 or 10 percent sale price
Info: Samuel I. White PC 757-457-1460
April 4 at 3:30pm at the Albemarle Courthouse
Property: 322 Brentwood Road
Debtor: Catherine L. Williamson and Christopher L. Williamson
Original amount owing: $207,200
Bidder brings: $15,000 or 10 percent sale price
Info: Shapiro, Brown & Alt LLP 757-687-8777
April 4 at 4pm at the Charlottesville Circuit Court
Property: 813 Ridge Street
Debtor: Shawn D. Bates and Mary F. Bates
Original amount owing: $78,000
Bidder brings: $7,500 or 10 percent sale price
Info: Shapiro, Brown & Alt LLP 757-687-8777
April 4 at 4pm at the Charlottesville Circuit Court
Property: 330-332 6 1/2 Street SW
Debtor: Teresa D. Caddell
Original amount owing: $172,500
Bidder brings: $15,000 or 10 percent sale price
Info: Shapiro, Brown & Alt LLP 757-687-8777
April 6 at 11:30am at the Albemarle Courthouse
Property: 2060 Wingfield Road
Debtor: John Clark and Wendi Lee Smith
Original amount owing: $325,000
Bidder brings: 10 percent sale price
Info: Commonwealth Asset Service LLC 757-965-5097
April 11 at 4pm at the Charlottesville Circuit Court
Property: 307 10 1/2 Street NW
Debtor: Teresa D. Caddell
Original amount owing: $157,500
Bidder brings: $15,000 or 10 percent sale price
Info: Shapiro, Brown & Alt LLP 757-687-8777
April 11 at 4:30pm at the Albemarle Courthouse
Property: 6110 Scottsville Road, Scottsville
Debtor: Jeffrey Allen Haney
Original amount owing: $142,291.64
Bidder brings: $14,000 or 10 percent sale price
Info: Glasser and Glasser PLC 757-321-6465
April 17 at 12:30pm at the Charlottesville Circuit Court
Property: 956 Rock Creek Road
Debtor: Connie M. Mallory
Original amount owing: $60,650
Bidder brings: $6,000 or 10 percent sale price
Info: Glasser and Glasser PLC 757-321-6465
[This compilation was culled from published accounts of auctions scheduled by creditors. Such plans may change if the alleged debt is satisfied.]
6 comments
A grim reminder of the personal pain of lives unraveling in our own community.
Well, and the cumuppance of some specu-vestors. Alas, the rain falls on the just and the unjust alike.
.... and on the plain.
@Nancy Drew, I would agree with you on some level but a majority of those who are facing foreclosure bought in the housing boom and were in panic mode and bought more house than they could EVER afford on their own. I had friends and relatives urging us to buy at that time and I said NO WAY. I told them all the market would go down, they told me it never would. I told them that house prices would decrease and it wasn't wise to take out two loans for one house. What did I know? I knew basic economics. Bought a house (not in foreclosure) last spring and you know what - I'm better off than all of them.
So, I'm shaking my head and telling them all - "I told you so." Meanwhile, they are unable to make their loan payments, maintain the property they bought and in panic mode again. People blame the banks and the loan companies - sure they are part to blame but these people signed the dotted line. You can blame the drug dealer but ultimately it is the addict that drives their business.
And now the Real Estate industry is once again yelling that it's a GREAT time to buy, that you would be a fool not to take advantage of these interest rates, etc.
Looking forward to the same pitch two years from now when house prices are down another 20%...
But only in Spain.