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Foreclosures snag some big names in FayetteTue, 06/23/2009 - 4:18pm
By: John Munford
As Fayette’s foreclosed properties continue to pile up, some prominent residents are joining the group of unfortunate people caught up in the worst of circumstances: potentially losing their own homes. All of the following information was published last week in foreclosure notices and all sales are expected to occur July 7 to the highest bidder in an auction at the steps of the Fayette County Courthouse. • Former candidate for Fayette County Sheriff, Barry Babb: original loan amount $386,000 for 406 Snead Road. Babb was demoted in January from captain to the rank of deputy sheriff by incoming Sheriff Wayne Hannah, and Babb’s pay was dropped commensurately. • Georgia School Superintendent Kathy Cox: original loan amount $393,750 for 1804 Brookhaven Drive. Cox’s husband John has had significant difficulties with his development business, Pebble Hill Homes, which builds custom homes, which ultimately led to the couple seeking a bankruptcy declaration in federal court. • Former Fayette County School Board member Greg Powers: original loan amount $390,000 for 117 Hickory Hill Road. • Boxing champion and largest individual taxpayer in Fayette County Evander Holyfield: Original loan amount $10 million for 794 Evander Holyfield Highway (also known as Ga. Highway 279). Holyfield also has a second property under foreclosure: original loan amount $216,000 for 592 and 596 West Bridge Road. Also, one of Fayetteville’s larger retail centers is caught up in foreclosure proceedings: Uptown Square, which is anchored by Barnes and Noble and recently lost its largest tenant: Linens-n-Things. The shops are located on Ga. Highway 85 North near Pine Trail Road. Uptown Square, located at 1415 Ga. Highway 85 north is owned by Uptown Square LLC and the original loan amount was $7.8 million. login to post comments |