Man sues MoonPie maker over use of image

Two new law firms emerge from partners' split

Foreclosure auctions move online

If all goes as planned, 25 homebuilding lots in Antioch and Hendersonville subdivisions will change hands in foreclosure auctions Thursday — but nobody will need to stand out in the cold on the courthouse steps to make a bid. Comas Montgomery Realty & Auction Co., working with law firm Prochaska Thompson Quinn and Ferraro, is selling the vacant properties in what attorney Joe Prochaska believes is the first online foreclosure sale in Middle Tennessee. As seen in the auction catalogue at this link, the lots are in the Summerfield Village development in Antioch and Island Brook in Hendersonville. Capitol Homes defaulted on loans secured by Summerfield Village and Mid-Cumberland Builders did likewise on credits secured by Island Brook properties. Regions Bank was the lender in both instances. Prochaska, who often handles commercial-scale foreclosures, said there is no requirement under Tennessee law "that you have to conduct the auction at any particular place," even though it has been common practice among local barristers to conduct the sales on the courthouse steps or, more recently, outside the Davidson County Register of Deeds' office in the downtown arena.

• 3 comments