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Land Resources / News / Tennessee
Bank buys Rarity property
Source: knoxvillebiz.com, by Josh Flory
Jefferson Federal Bank on Monday submitted a credit bid of $2.5 million at a foreclosure auction for a portion of the Rarity Oaks subdivision in Oak Ridge. October 05, 2010 The bank had initiated foreclosure proceedings in connection with a $5.1 million loan issued to Oak Ridge Land Company LLC in 2006. Oak Ridge Land Co. is a development firm of Mike Ross, the president of Maryville-based Rarity Companies.
Read the complete article from knoxvillebiz.com » |
