No one bid today in a court-ordered auction of the former Mountain View Manor Adult Home, not even the lawyer for the bank holding a $1 million mortgage.
“The bank has decided not to buy the property,” said John F. D’Amanda, attorney for Rhode Island-based Textron Business Credit, which holds the mortgage that has been foreclosed.
“In my 17 years of doing this, I’ve never had a sale with no bids,” said a surprised Marvin Parshall Jr., the court-appointed referee handling the auction.
The lack of bids essentially leaves the property under the ownership of BJF Properties and principal Bette J. Forshaw, according to D’Amanda.
Liens, including the unpaid mortgage and at least $94,000 in current and back taxes, are still due against the property, according to county officials.
The next step is pending legal review, D’Amanda said.
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