Peter Nash's Cooperstown Lakefront Property to be Auctioned

[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