GREENFIELD — Even though it has moved across the street, Greenfield’s Dale E. Kuhn Hancock American Legion Post 119 continues its efforts to get out from underneath its old home.
After losing its headquarters at 275 S. Center St. to a foreclosure sale in August, the post now finds itself facing a $206,000 deficiency judgment.
Mortgage holder Greenfield Banking Co. was the only bidder at a sheriff’s sale, taking the building back with a bid of $750,000. That is substantially less than the more than $950,000 owed on the post’s loan for the building, which opened in 2009.
As a result, the bank is entitled to recover the difference between the sale price at the foreclosure sale and the amount of its judgment.
In addition to recording the final judgment to establish a judgment lien against any real property the post might own, a mortgage holder can also proceed to discover and attach certain items of personal property to satisfy any outstanding judgment amounts.
However, the post’s attorney, David Murphy, claims the bank has obtained all it should get and should not be entitled to more.