By Tara Ramsey
An upcoming foreclosure auction involving the main portion of Eastland Mall is not indicative of any problems with its purchase last month by Houston-based Boxer Property Management Corp., according to Boxer President Andrew Segal. Segal said that when Boxer purchased the core of Eastland Mall for $2 million, it also bought the loan note. The only way to extinguish the loan note is to go through the foreclosure process, he said.
The foreclosure process is also a method to determine if there are any other claims on the property, which Segal said he did not anticipate. He also said anyone can show up at the auction and bid on the property. The auction will be held at 11 a.m. July 30 at the Mecklenburg County Courthouse, 832 E. Fourth St., Charlotte.
Enter your email address/USER ID and password in the fields above to gain access to the subscriber content on this site.
Your subscription includes one set of login credentials for your exclusive use. Security features have been integrated on this site: If someone signs in with your credentials while you are logged in, the site will automatically close your ongoing login and you will lose access at that time. To inquire about group subscriptions for your organization, contact Joann Griffin.
Already a paid subscriber but not registered for online access yet? Click Here to register.
Forgot password or User ID?