48 Main St foreclosure auction

fatlazyless · 08-16-2010, 12:21 PM

Located at 48 Main St, Meredith, right between the Meredith Town Hall and the U. S. Post Office, the building that's home to the Village Perk and a couple other commercial tenants is up for auction by the mortgage holder on this coming Thursday. It sits on a 1/16 acre lot and is something like a 100 year old, two or three story pitched roof, olde New Hampshire, yellow & white clapboard, all-wood structure, originally designed as a large single family residence, and long ago redone inside into commercial spaces.

Anyone know what's the dollar amount of the foreclosed mortgage, because it's not unusual for a bank lender to refuse to sell for any less than what it loaned out in an effort to recoup all the money it lent out to buy the property. If the bank's reserve amount is not met, and it choses to hang on for one more year before going the auction route again.....who knows.....it could be worth even less than today? As usual, I have absolutely no clue

, but it could be an interesting auction to watch just because of it's prominent and prime (?) Main St location. Would Dunkin Donuts be interested in using it for a Main St Dunkin Donuts? Most likely, no-way!

Assessed by the town for something like $550,000. And, drum roll here....in today's market it is probably worth __________ (dunno, whatcha thinkum

?)....fill in the blank

?

08-16-2010, 12:21 PM	#1
fatlazyless Senior Member Join Date: Apr 2004 Posts: 9,169 Blog Entries: 1 Thanks: 310 Thanked 1,103 Times in 812 Posts	48 Main St foreclosure auction Located at 48 Main St, Meredith, right between the Meredith Town Hall and the U. S. Post Office, the building that's home to the Village Perk and a couple other commercial tenants is up for auction by the mortgage holder on this coming Thursday. It sits on a 1/16 acre lot and is something like a 100 year old, two or three story pitched roof, olde New Hampshire, yellow & white clapboard, all-wood structure, originally designed as a large single family residence, and long ago redone inside into commercial spaces. Anyone know what's the dollar amount of the foreclosed mortgage, because it's not unusual for a bank lender to refuse to sell for any less than what it loaned out in an effort to recoup all the money it lent out to buy the property. If the bank's reserve amount is not met, and it choses to hang on for one more year before going the auction route again.....who knows.....it could be worth even less than today? As usual, I have absolutely no clue , but it could be an interesting auction to watch just because of it's prominent and prime (?) Main St location. Would Dunkin Donuts be interested in using it for a Main St Dunkin Donuts? Most likely, no-way! Assessed by the town for something like $550,000. And, drum roll here....in today's market it is probably worth __________ (dunno, whatcha thinkum ?)....fill in the blank ? __________________ .... Banned for life from local thrift store! Last edited by fatlazyless; 08-20-2010 at 12:47 PM.