IBJ: No Word On Payton Wells Buyer
October 23, 2008
The Indianapolis Business Journal continues to keep tabs on the status of the Payton Wells foreclosure case: No word yet on buyer for Payton Wells property.
I posted about this matter on January 28, 2007, Payton Wells Auto Dealerships Are The Subject Of A Commercial Foreclosure Action, and again on February 27, 2007, Payton Wells Update: Status Quo.
One thing secured lenders can learn from this case is how long the commercial foreclosure and liquidation process can take in Indiana. Soon, it will be two years in the Wells matter.