And that bidder is the plaintiff in the action that brought the property to foreclosure auction. Golden Gate Ventures, LC, of Utah bid $11,299,667.59 for the property.
The auction was held at the court house in front of the treasurer’s office in Wenatchee. Civil Deputy Betty Taylor conducted the auction which involved reading the rather long legal descriptions of all parcels in the auction. The auction was attended by a few folks that were attorneys, interested parties and spectators, but not bidders.
According to Golden Gate Venture’s attorney, Brian Walker, the next step is to confirm the sale with the court and a 1 year redemption period exists for the defendants. I also understand that there is at least one other lien holder on the property as well as any tax liens.
