}

Thursday, April 14, 2016

JUST DAYS BEFORE SCHEDULED FORECLOSURE SALE, JUDGE APPROVES $248,000 SALE OF STEVEN INGERSOLL'S PERRY HOUSE: Ingersoll "Intends To Use" Proceeds To Pay Realtor Fees, Mortgage, Legal Fees.


Rejecting the government's argument that the proposed transaction is a "fire sale", U. S. District Judge Thomas L. Ludington today issued an order approving the $248,000 sale of Steven Ingersoll's Perry House. 

Located at 2230 Center Avenue in Bay City, the home was purchased by Ingersoll in 2010 for $179,000. The property is scheduled to be sold by Wildfire Credit Union, currently holding the delinquency sack for an estimated $68,419.

In addition to paying off Wildfire, Ingersoll states the sale proceeds will be used to pay realtor fees, property taxes and the estimated $155,000 still owed to attorney Jan Geht's firm, Traverse City-based Bowerman, Bowden, Ford, Clulo & Lyt, P.C.

(And that hot mess in the photo above? That's another Bay City property Ingersoll owned, 616 N. Grant Street. Now that's what I call a fire sale!)

1 comment:

  1. Fire sale or was that insurance fraud? Most know what it was!

    ReplyDelete