Century Foreclosure Final Against Helicopter Technology With $740,999.43 Judgment

July 31, 2009

The Town of Century’s foreclosure against Helicopter Technology is now final, and the bottom line on the judge’s order will be good news for the town if a buyer steps forward for the building when it is sold at public auction.

vannevelforeclosure.jpgThe town started mortgage foreclosure proceedings against Helicopter Technology, Inc. in Escambia County Circuit Court on August 26, 2008, after the company defaulted on payment arrangements with the town.

Thursday, Escambia County Circuit Judge Joel Boles finalized the foreclosure, issuing a $740,999.43 judgment in favor of the Town of Century.  The building will be sold at public auction on August 24, with the proceeds up to the judgment amount going to the town.

At the time the mortgage foreclosure proceedings were filed, the town was aware of two other liens against the property. One from Williams, Cox, Weidner & Cox. P.A. from 2005 was for $8,000. Another judgment from 2008 by Anthony Urella and Demetri Urella had a $27,000 balance. After the lawsuit was filed, the town learned that there was an additional lien for $90,000 for a  judgment in favor of Landmark National II Corp.

The town’s foreclosure motions in Escambia County Circuit Court led to the other liens being dismissed. Only one party, the accounting firm, filed an answer supporting their claim. A motion of default was entered against the other defendants, including Helicopter Technology, in October.

Both companies have now agreed to settle with the town for under $10,000. Now, attorney Matt Dannheisser is seeking an additional $17,000 in attorney’s fees added to the claim against Helicopter Technology for his work on the case.

Company owner Georges Van Nevel apparently left the country at about the time the foreclosure proceedings were filed.

Comments

2 Responses to “Century Foreclosure Final Against Helicopter Technology With $740,999.43 Judgment”

  1. Oversight on August 1st, 2009 6:59 am

    The town needs to get out there and clean up the area before it becomes a super fund site. Who knows what was left behind from the industural process.

  2. Century girl on August 1st, 2009 3:20 am

    What about the lien filed by the Costa Rican company against Helicopter Tech. for$400k,reported by Northescambia in May?

Written by William Reynolds · Filed Under News