Looks like CEO house was auctioned as a way to pay DEBT.
Question if he failed to pay his loan is he really qualified to be handing loans out?? Who knows maybe that where the idea came from and his experience.
NOTICE OF SALE UNDER POWER GEORGIA, FULTON COUNTY Because of default in the payment of the indebtedness, secured by a Security Deed executed by Christina M Canouse and Jeffrey M Canouse to Washington Mutual Bank, FA dated February 1, 2006 in the amount of $531,000.00, and recorded in Deed Book 41955, Page 481, Fulton County, Georgia Records; as last transferred to Bank of America, National Association by assignment; the undersigned, Bank of America, National Association pursuant to said deed and the note thereby secured, has declared the entire amount of said indebtedness due and payable and pursuant to the power of sale contained in said deed, will on the first Tuesday in May, 2013, during the legal hours of sale, at the Courthouse door in Fulton County, sell at public outcry to the highest bidder for cash, the property described in said deed to-wit: All that tract or parcel of land lying and being in Land Lot 6 of the 1st District, 1st Section, Fulton County, Georgia, being Lot 229, Glen Abbey Subdivision, Unit II, as per plat recorded in Plat Book 197, Pages 83-86, Fulton County, Georgia Records, which plat is incorporated herein by reference and made a part hereof. which has the property address of 3642 Cape York Trace, Alpharetta, Georgia., together with all fixtures and other personal property conveyed by said deed. The sale will be held subject to any unpaid taxes, assessments, rights-of-way, easements, protective covenants or restrictions, liens, and other superior matters of record which may affect said property. The sale will be conducted subject (1) to confirmation that the sale is not prohibited under the U.S. Bankruptcy Code and (2) to final confirmation and audit of the status of the loan with the holder of the security deed. Notice has been given of intention to collect attorneys' fees in accordance with the terms of the note secured by said deed. Notice has been also given, in writing and by certified mail, return receipt requested, to the borrower, of the name, address, and telephone number of the individual or entity who shall have full authority to negotiate, amend, and modify all terms of the Security Deed and the note thereby secured in accordance with O.C.G.A. Section 44-14-162.2(a). Said property will be sold as the property of Christina M Canouse and Jeffrey M Canouse and the proceeds of said sale will be applied to the payment of said indebtedness, the expense of said sale, all as provided in said deed, and the undersigned will execute a deed to the purchaser as provided in the aforementioned Security Deed.
Read more: Georgia Press Association Public Notice Website - MCCURDY CANDLER LLC NOTICE OF SALE UNDER POWER GEORGIA FULTON
