In Erie County Action, Adam Leitman Bailey, P.C. Holds Foreclosure Auction and Closes to Third-Party High Bidder
With the continuing COVID-19 legislation staying foreclosures during the pandemic, lenders are stalled in prosecuting its actions and are having even more difficulty completing an auction.
In this Erie County post-judgment of foreclosure and sale action, immediately upon the issuance of the COVID-19 conference requirements, Adam Leitman Bailey, P.C. requested that the required conference be set and then diligently followed up with the Court to get it scheduled and held.
Adam Leitman Bailey, P.C. participated in the conference and achieved Court approval to move forward with the auction. Adam Leitman Bailey, P.C. navigated through the COVID requirements to ensure a seamless auction and prepared all of the necessary documents, including the newly required affirmations and the terms of sale reciting the new COVID-19 safety protocols, to ensure no 11th hour stalls.
Ultimately, Adam Leitman Bailey, P.C. was able to conduct a foreclosure auction for its lender client, ensuring that COVID-19 protocols were in place, and achieving a lively auction that successfully ended with a third party high bidder.