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Old 07-06-2016, 11:07 AM
bigtrain bigtrain is offline
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Default Peter Nash's Cooperstown Lakefront Property to be Auctioned

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.
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Old 07-06-2016, 11:53 AM
Michael B Michael B is offline
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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.
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Old 07-08-2016, 05:47 PM
Robert_Lifson Robert_Lifson is offline
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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 dont 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 Schools 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 Nashs 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 Nashs outstanding fraud judgments. Ive 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
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Old 07-08-2016, 07:11 PM
bigtrain bigtrain is offline
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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.
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Old 07-08-2016, 11:53 PM
1952boyntoncollector 1952boyntoncollector is offline
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what this is literally a waterfront property... no way he will leave any cards behind in the attic though or in a brown bag
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Old 07-09-2016, 08:42 AM
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gnaz01 gnaz01 is offline
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Wonder if this will make the HOS website
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Old 07-09-2016, 09:54 AM
Republicaninmass Republicaninmass is offline
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Quote:
Originally Posted by bigtrain View Post
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?
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Old 07-09-2016, 09:57 AM
1952boyntoncollector 1952boyntoncollector is offline
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Quote:
Originally Posted by Republicaninmass View Post
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)

Last edited by 1952boyntoncollector; 07-09-2016 at 09:57 AM.
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Old 07-09-2016, 10:22 AM
begsu1013 begsu1013 is offline
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.

Last edited by begsu1013; 08-23-2016 at 12:25 AM.
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Old 07-09-2016, 11:23 AM
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Sean Sean is offline
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Quote:
Originally Posted by Republicaninmass View Post
Has a property existed a realtor said there is no interest in?
Exactly.
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