Apr 6, 2007
The Detroit News reported on Thursday that no one made a bid to buy state Rep. Chris Ward's Brighton Township home, which was being sold at sheriff's auction because of a mortgage foreclosure. The lawmaker's home on Old U.S. 23, jointly owned by his ex-wife Nicole, was being sold for a minimum bid of $160,961, which includes the $158,292 owed in principal and interest to Chase Home Finance LLC and various legal fees.
The news reported the auction was one of 21 in the Livingston County Courthouse, and there were no bids received on any of them. I’m not sure exactly want this means. Because no bids were received on any home; does this just mean that home sales are slow? Does it mean the foreclosure is off?
The Livingston County Daily Press & Argus reported on it Friday as breaking news on their web site in one paragraph that said “…responsibility for it will be returned to the mortgage company now that no purchaser was found at the auction.” Does that mean the mortgage company is responsible for the mortgage?
The interesting thing, again, is that it took the Detroit News to report on this before the Press & Argus decided to mention it. Even though the required legal ad ran in the Press & Argus last month when this story broke, it was a week before it was reported. It took the Detroit News to finally report it before the P & A ran with it after sitting on it for a week. It seems like the local newspaper has bent over backward to not ask any tough questions or be critical of Ward.