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Default Judgement In Foreclosure Against Helicopter Technology; Town To Settle With Another Party
October 27, 2008
The Town of Century’s foreclosure on the old Helicopter Technology building is moving closer to completion with default judgments issued against the defunct helicopter company and every other defendant except one.
A default judgement for foreclosure was issued against Helicopter Technology after the company or its representatives failed to respond to the foreclosure suit.
“A default judgment essentially means that those defendants have admitted to and agreed with the allegations in our complaint,” Matt Dannheisser, the town’s attorney, wrote in a letter to town officials. “In essence, it is deemed that they have admitted to the property being sold at public auction and their interests being foreclosed.”
The town filed foreclosure proceedings against Helicopter Technology back on August 26. At the time the foreclosure was filed, other defendants had claims against Helicopter Technology including accountants Williams, Cox, Weidner & Cox; Carr, Riggs, Ingram LLC, which is the successor to Williams, Cox, Weidner & Cox; and Anthony and Demetri Urella who had also obtained a judgment against Helicopter Technology.
Default judgments were obtained against all of the defendants except for Williams, Cox, Weidner & Cox.
“To obtain or convey clear title to the property, it is necessary to foreclose the interests of all defendants,” Dannheisser wrote in his letter to the town.
Dannheisser negotiated a $2,500 settlement with Williams, and the town council has approved that settlement offer. The payment will be made only after the successful completion of the foreclosure sale.
“Doing so will enable the property to be sold at a foreclosure sale within thirty-five days after the judgment is entered,” the attorney wrote.
Comments
One Response to “Default Judgement In Foreclosure Against Helicopter Technology; Town To Settle With Another Party”
How can I be notified about the foreclosure sale?