Peter Nash's Cooperstown Lakefront Property to be Auctioned

[bigtrain]

Beautiful lakefront property owned by self-proclaimed crusading hobby do-gooder and ex-rap star, Peter Nash is to be sold at a foreclosure auction on July 15. The property was ordered sold by the court according to the Freeman's Journal, Cooperstown's local newspaper. In addition to the Rochester Bank that holds the mortgage, it is believed that there are additional liens for monies owed to Robert Fraser and Robert Lifson.

[Michael B]

The foreclosure was made easier when his bankruptcy filing was dismissed November 13, 2015 due to failure to file information. Lifson had filed a motion for relief from automatic stay in the bankruptcy case. Any party with a claim against the bankrupt party can file for relief of the automatic stay from enforcement of the lien which occurs when the bankruptcy is filed.

[Robert_Lifson]

Hi Tom and Michael!

It does appear the foreclosure sale of the house will occur on July 15, 2016 but from past experience I know that anything can happen.

I am hoping the sale will actually occur this time, but this has been going on a long time so I don’t want to take anything for granted.

In 2007 the foreclosure sale was averted when $50,000+ in mortgage payment funds were (improperly) sent from the Bishop Ford High School’s development fund:

http://www.nydailynews.com/sports/hi...ticle-1.165416

http://www.nydailynews.com/sports/hi...ticle-1.120872

Last time it was going to be sold in 2015, the sale was called off/delayed due to Peter Nash’s filing bankruptcy:

http://www.nydailynews.com/blogs/ite...ntry-1.2335827

So anything can happen.

But if the foreclosure sale does finally occur as currently scheduled on July 15, 2016, hopefully there will be sufficient excess funds after the bank is paid (and any taxes that also take precedence, if any) to satisfy in whole – or at least in part - Peter Nash’s outstanding fraud judgments. I’ve never seen the property but am told it is a great lakefront property and may do very well. Obviously, as a fraud victim of Nash with an outstanding fraud judgement I am trying to collect, I hope it does extremely well!

Sincerely,

Robert Lifson

[bigtrain]

Although the house is in disrepair, it is one of the nicest lots on beautiful Otsego Lake. There is a lot of interest according to local realtors and it is likely to do very well at auction.

[1952boyntoncollector]

what this is literally a waterfront property... no way he will leave any cards behind in the attic though or in a brown bag

[gnaz01]

Wonder if this will make the HOS website

[sago]

Originally Posted by 1952boyntoncollector

what this is literally a waterfront property... no way he will leave any cards behind in the attic though or in a brown bag

He may leave parts of a ball trophy or two.

D@vld D@v*s

[Republicaninmass]

Originally Posted by bigtrain

Although the house is in disrepair, it is one of the nicest lots on beautiful Otsego Lake. There is a lot of interest according to local realtors and it is likely to do very well at auction.

Has a property existed a realtor said there is no interest in?

[1952boyntoncollector]

Originally Posted by Republicaninmass

Has a property existed a realtor said there is no interest in?

And no property has ever existed where a garage can't be converted into a bedroom easily. (with your money)

[Sean]

Originally Posted by Republicaninmass

Has a property existed a realtor said there is no interest in?

Exactly.