Hasentree Foreclosure Auction Postponed

There was a fair crowd at the Wake County Courthouse yesterday for the scheduled Hasentree Foreclosure Auction.  And it was postponed.The $49,000,000 tag on the debt for the properties was guaranteed to garner attention, and there were two television cameras present, including WRAL, as well as Jack Hagel from the N&O.

Several attendees were adjacent property owners who were concerned about the possible impact on their homes, or other property nearby.

And, there were a few Realtors, including yours truly, of course.

How could the auction be canceled?  Trustee David Pryzwansky was not at liberty to say, but typically postponements occur when the lender and the property owner are trying to work things out and avoid foreclosure.

Rescheduled for February 3, 2009, 10:00AM.

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