Advertisement
 
Sunday, June 26, 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

    Lawmakers pass bill requiring schools to test water for lead
    Monday, June 20, 2016

    City to sell some foreclosed properties ahead of auction
    Thursday, June 23, 2016

    Marcellino vows never to fight at Foxwoods again after controversial loss
    Tuesday, June 21, 2016

    City to renew with insurance company it's suing over claim
    Wednesday, June 22, 2016

    Legislators discuss law to raise tobacco purchasing age to 21
    Wednesday, June 22, 2016

    County committee signs off on joining land bank
    Wednesday, June 22, 2016

    Tests show F-FCS drinking water safe
    Tuesday, June 21, 2016

    Ralph R. Compani
    Monday, June 20, 2016

    Congressional primaries include 4 for open seats
    Monday, June 20, 2016

    SUNY Cobleskill to offer bachelor degree in fermentation
    Monday, June 20, 2016

Advertisement

Copyright © McClary Media, Inc.

Privacy Policies: The Recorder

Contact Us

Twitter

Instagram

Facebook