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Bankruptcy Auction – United States Bankruptcy Court Eastern District of New York

In Re: IDEAL MORTGAGE BANKERS, LTD, a/k/a LEND AMERICA, a/k/a CONSUMER FIRST LENDING KEY • Case # 10-79280 (LAS)

4 Non-Performing Residential Loans

Unique Investment Opportunity – Available in Bulk, Groups or Individually

Details:

  • Selling the Non-Performing Senior Mortgages Secured by the Following Real Properties:
  •    714 Sackman Street, Brooklyn, NY 11212
  •    126 Kickapoo Road, Middlefield, CT 06455
  •    2705 Glacier Drive, Port Arthur, TX 77640
  •    2419 N. Mesa Avenue, Roswell, NM 88201

Auction Date & Time:  Thursday, February 12th at 11:00 am.  Registration begins at 10:00 am.

Auction Location: New York LaGuardia Airport Marriott Hotel, 102-05 Ditmars Boulevard, East Elmhurst, NY 11369.  (Online/Absentee Bidding Available Upon Request with Registration at least 48 Hours Prior to Auction.)

Terms & Conditions of Sale: Exclusively selling the Trustee’s Interest in and to these loans. In order to register to bid, all prospective bidders must present a bank check in the amount of $25,000 to bid on each Brooklyn, NY and/or Middlefield, CT Loan, $15,000 to bid on the Arthur, TX loan and $5,000 to bid on the Roswell, NM loan.  All checks must be made payable to “R. Kenneth Barnard, Esq., as Chapter 7 Trustee”.  Please download the complete Terms and Conditions of Sale (available shortly).

Have Questions? Get In Touch

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R. Kenneth Barnard, Esq., Chapter 7 Trustee
SilvermanAcampora LLP, Attorneys for the Chapter 7 Trustee
David R. Maltz, Auctioneer DCA# 762794
Richard B. Maltz, Auctioneer DCA# 1240836
David A. Constantino, Auctioneer DCA# 1424944
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022  Fax (516) 349-0105

The Trustee, Attorneys for the Trustee and the Auctioneer do not guarantee the accuracy of any of the descriptions or any other information pertaining to the sale of this property. All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction..