quote:

Originally posted by No Job Bob:
eye like dis...eye thonk dis guy gots job.." don'ts be two shore bout da new biginning!

Overtaxed_Voter (13 comments) posted 7 hours, 54 minutes ago

I wonder if the $460,000 bid will actually be anywhere near enough to cover the balance of the current mortgage on the property?

Remember, it was Swindell who, back in 2006, claimed to have $3 million in the property .

How much of that was financed and how much was cash from Dan's pocket?

It is fine and dandy to have an 'absolute auction' where "This property sells without reservation to the highest bidder", but unless you clear up the encumbrances on the property, you can't pass deed and title.

Wasn't this the big glitch that came up when Mark M***ant had supposedly purchased the facility from Dan back in 2007?

http://www4.vindy.com/content/.../327955416110377.php

Don't forget, the auction's "Terms on Real Estate" stated "15% down day of sale" with " balance due upon delivery of deed and title guarantee."

According to the Mahoning County court website, there is a little matter of a HUGE Certificate of Judgment that Sky Bank (the folks who called Dan's note in the Fall of 2006, forcing the first QCR auction attempt) have against Daniel and Patricia Swindell http://courts.mahoningcountyoh....o_case_sum?47219071
which might throw a big monkey wrench in the ability of property title to pass to Mr. Fox.

In addition, there is still also an active civil case in Mahoning County involving Ecks Racing Inc suit against Quaker City Raceway Inc. et al over the contract between the two parties a few years ago to sell the track http://courts.mahoningcountyoh....o_case_sum?23310227

The devil is in the detail, and this transaction still seems to have some large "details" to still be resolved.


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quote:

my only advice might be to poll a few of the past class and track champions for their thoughts on the program. I have

quote:

Dis hear is da laz legil info eyes see:

quote:

Dis hear is da laz legil info eyes see:

Sky Bank Lien:
03/08/2007 RELEASE OF JL SEE JLRD 38 PAGE 29 Receipt: 82403 Date: 03/08/2007 5.00 0.00

Ecks Racing Jugment:
04/29/2010 MOTION TO WITHDRAW FILED BY PLTF Attorney: SINCLAIR, ALLEN (55915) 0.00 0.00


Is it correct to say that they withdrew one complaint and released the other Jugdment Lien against the property? There shouldn't be any issues preventing lien filing, title insurances or transfers in your opinion?

Remaining Clam

quote:

Originally posted by XX78 Altered:
I look forward to coming to Quaker for the 2011 season. If Mr. Fox is reading these commments, my only advice might be to poll a few of the past class and track champions for their thoughts on the program. I have alot of respect for the champion names on the bleacher signs.

quote:

Originally posted by Bowtiebobby:

quote:

Originally posted by XX78 Altered:
I look forward to coming to Quaker for the 2011 season. If Mr. Fox is reading these commments, my only advice might be to poll a few of the past class and track champions for their thoughts on the program. I have alot of respect for the champion names on the bleacher signs.

I agree these guys deserve respect for what they have accomplished. However, I belive the owner needs to make up his mind as to how he should run the track. I do not believe that it would be in the best interest of the track to have everyone that has been a track champion providing their two cents. Just because you won at a track does not mean you know what is best for the track. Asking certain racers how the track should be run is what caused many of the issues at the track in the past. I agree with mr. pinkerton that the owner needs to make up his mind how he wants to run his business without everyone's input.