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In 1993, Atlantic City casino development authority began condemning hundreds of properties, for the expansion of Trump Plaza Hotel and Casino. In 1998, a court stopped the condemnation of the Sabatini's restaurant, one of the properties. In 2005, Donald Trump agreed to buy the property for around $2 million, exceeding the first offer of $700,000.
A creditor may only pursue this optional foreclosure procedure when: (1) the debtor has abandoned the mortgaged property; (2) the debtor has voluntarily surrendered the mortgaged property by executing a deed in lieu of foreclosure in favor of the lender; or (3) there is no equity in the mortgaged property. [50] In Atlantic Palace Development LLC v.
Tina Lam and Michael Cheng purchased the property for $90,000. The story received national attention and the city ultimately reversed the sale. [14] In June 2020 Bid4Assets conducted Utah's first internet-based tax sale for Iron County, Utah. All 135 properties either received a bid or were redeemed for payment of taxes. [15]
This is intended to be a complete list of properties and districts listed on the National Register of Historic Places in Atlantic County, New Jersey.Latitude and longitude coordinates of the sites listed on this page may be displayed in an online map.
Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...
Property records show that on June 2, 2010, Coking transferred ownership of the house to her daughter, who put it on the market in 2011 with an initial asking price of $5 million. [1] [8] By September 2013, the price had been reduced to $1 million. [9] The property was finally sold for $583,000 in an auction on July 31, 2014. [10]
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