Advertisement
 
Friday, December 02, 2016
Amsterdam, NY ,

 

Advertisement

Amsterdam hotel auctioned off

Saturday, May 04, 2013 - Updated: 3:30 PM

By REBECCA WEBSTER

Recorder News Staff

FONDA -- On Friday morning, 10 Market St., better known as the Best Value Inn in the city of Amsterdam was auctioned off at the Montgomery County Municipal Building.

However, even though a handful of individuals showed up to watch the auction, only one representative showed up to bid: a representative bidding on behalf of DAWN-G, LLC., the original company who brought the foreclosure action against Royal Group of Holdings, Inc., et al.

According to a judgment of foreclosure and sale dated February 2013, the property was ordered to be sold at public auctions and stated later that the plaintiff (Dawn-G, LLC.) could become the purchaser of the property.

Angela Roy, a representative of Advantage Legal, at the auction representing DAWN-G, LLC placed a $400,000 bid Friday.

With no other bids, the auction ended.

Frank Tedeschi, referee for the auction, said Friday that Dawn-G, LLC., is the party who foreclosed on the 10 Market St. property.

"Since there was a successful bidder, at this point they own the property. Well, the deed hasn't been signed yet, but in 30 days when the deed has been signed or unless they assign it, they're going to own the property," he said.

     

Comments made about this article - 0 Total

Comment on this article

Advertisement
Subscribe to The Recorder

 

The Recorder Sports Schedule

Most Popular

    Police Reports
    Tuesday, November 29, 2016

    APD: City man nabbed with drugs
    Saturday, November 26, 2016

    'Beasts' star Redmayne discusses his role, career
    Thursday, December 01, 2016

    Thanksgiving weekend quiet for local police agencies
    Monday, November 28, 2016

    David Edward Hughes
    Tuesday, November 29, 2016

    Hundreds gather for city's tree lighting
    Saturday, November 26, 2016

    Robert N. Constantine
    Wednesday, November 30, 2016

    End of an era: Final Light Up the Sky event begins Thursday
    Wednesday, November 30, 2016

    Alexandria "Alex" Carter
    Thursday, December 01, 2016

    Bernhard Lenz
    Saturday, November 26, 2016

Advertisement

Copyright © McClary Media, Inc.

Privacy Policies: The Recorder

Contact Us

Twitter

Instagram

Facebook