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Committee hears update on 267 Main Street foreclosure and buyer interest
Summary
Staff reported ongoing foreclosure-related court filings for 267 Main Street, noted buyer visits to the secured property and discussed outstanding taxes and mortgage figures; no sale or disposition occurred during the meeting.
Committee members discussed the status of 267 Main Street, where staff said potential buyers have visited the secured building and security measures remain in place. A staff member reported that a motion to default for failure to appear had been filed but that the respondent later submitted a military affidavit, delaying foreclosure action.
Staff discussed outstanding obligations and referenced amounts during the discussion: one speaker estimated outstanding taxes at "about $30,000," and another cited mortgage figures of approximately $2,028,000 — an alternate higher figure was also spoken during the meeting. Committee members did not resolve sale timing and agreed to keep the property on the enforcement list until further progress in court or on repairs.
No new formal city action or code enforcement sanction was taken at the meeting; staff said the foreclosure paperwork and any further court filings will determine next steps.
