www.times-news.com/local/local_story_352233921.html?key -
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Published on: 12/18/2008
Last Visited: 12/18/2008
Raymond Nichols, chairman and CEO, was the auctioneer.
At the end of the action, the winning bidder at $1.3 million was Sandy Springs Bank of Olney, the lender to Cornerstone Enterprises LLC.
"We will take individual offers and hold those in reserve and then entirety bids," Nichols said as the auction process began.
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Nichols said the law firm of Mann and Marshall LLP will file a court of sale and, once ratified, the bank will decide how they want to take title.
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Raymond Nichols from Atlantic Auctions Inc. of Bel Air begins the auction of the Cornerstone Hill subdivision Wednesday afternoon on James Day Drive.