From today’s on-line version of the Gettysburg Times comes great news:
Country Club: NO SALE!
No bids; Bank retains club
BY JARRAD HEDES
Published: Friday, January 9, 2009 12:14 PM EST
Times Staff WriterFifty people packed a meeting room in the Adams County Courthouse on Friday morning, but no one bid on the 60-year-old Gettysburg Country Club, which was up for sheriff’s sale.
The upset bid for the club was announced at $2.79 million.
The lack of bids means the club, 730 Chambersburg Road, goes to Susquehanna Banks, which foreclosed on the property earlier this year.
On Friday, the bank agreed to pay $37, 109.76, which covered the costs of the sheriff sale and municipal liens of $11,687 owed to the Cumberland Township Municipal Authority and $17,506 owed to the Gettysburg Municipal Authority.
Eugene Pepinsky, an outside attorney for the bank, said his client would now likely attempt to sell the 120-acre property on its own.
In legal parlance, this means that the bank bid in the property based on its mortgage. Hopefully, the bank will be willing to deal with an appropriate preservation group to make sure that this battlefield land doesn’t end up as a cheesy shopping center or more little cheesebox houses.
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Great news!
I would urge everybody to email the CWPT and urge them to take action on this: info@civilwar.org
Lets get this land preserved!
It’s definitely good news, but don’t get too excited just yet. Banks do not like to hold onto foreclosed property very long. That’s just not they’re business. Often, they’ll cut their losses & sell it relatively cheaply just to get it off of they’re hands.
Hopefully there’s not a way for them to parcel the acreage into separate properties.
Well, if I win the Powerball this week, Susquehanna Bank will be near the top of my list of places I need to call. LOL
Ooops… “That’s not their business…” I guess I should proofread before clicking the submit button.
I know this property is on the first day’s battlefield but i’m not sure exactly where it is. Is it contiguous with land already preserved?
my partners and i are trying to buy the land ,we think a fast food amusment park would fit nicely there.a renegade amish man and his family would run the place