True story about Eastbay!

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  • ZERO25
    Senior Member
    • Aug 2018
    • 5240

    #1

    True story about Eastbay!

    Straight from the horses mouth!

    Al was in the process of getting served with foreclosure papers! He was made aware and sold to the fastest bidder to avoid losing it! Too many folks had their hand in the kitty!

    Thanks Al for all the love you seem to have for dlm racing and fans! SMH
  • deadringer
    Senior Member
    • Apr 2008
    • 187

    #2
    That’s really sad!! Such a great track, different surface almost every night.

    Comment

    • foxfire2dirtracing
      Senior Member
      • Jun 2010
      • 2309

      #3
      I find this very hard to believe-but could be true??

      Comment

      • Jed
        Senior Member
        • Jun 2007
        • 287

        #4
        Seems like the creditor will still get his money, upon closing.

        Comment

        • JimBo
          Senior Member
          • May 2007
          • 812

          #5
          Has it closed yet? If not it could still be foreclosed on before closing. I’ve had it happen to me before on property i had listed and ready to close.

          Comment

          • foxfire2dirtracing
            Senior Member
            • Jun 2010
            • 2309

            #6
            A contract to sell or option to sell does not prevent foreclosure. If this is/was true- I don’t think Vonador would be broadcasting it. Why now does this come out? How about it Zero25 ??

            Comment

            • Rajflyboy
              Senior Member
              • Feb 2020
              • 5907

              #7
              I thought the land East Bay was on is owned by the mine?

              Comment

              • ZERO25
                Senior Member
                • Aug 2018
                • 5240

                #8
                A contract to sell or option to sell does not prevent foreclosure. If this is/was true- I don’t think Vonador would be broadcasting it. Why now does this come out? How about it Zero25 ??


                Because i just talked to the creditor!

                They got their money, but had already been working on a $500,000 improvement to the facility!

                Comment

                • foxfire2dirtracing
                  Senior Member
                  • Jun 2010
                  • 2309

                  #9
                  Zero25
                  Thanks!

                  Comment

                  • Rajflyboy
                    Senior Member
                    • Feb 2020
                    • 5907

                    #10
                    I just read about the mine. They have a deal to buy the track in 2024 “if they want to”

                    Comment

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