Aiken Mall added, removed again from foreclosure sale

  • Posted: Saturday, June 29, 2013 12:01 a.m.
    UPDATED: Saturday, June 29, 2013 11:14 a.m.

Though there was an announcement in the Friday edition of the Aiken Standard that the Aiken Mall would be up for sale on Monday, it has once again been withdrawn.

A notice of sale read that the mall was up for bid on Monday morning at the Aiken County Judicial Center, but the Master-in-Equity office confirmed on Friday afternoon that it was removed from the list.

This is the second time the property has been withdrawn from a foreclosure sale. The item was also withdrawn from the June 3 auction.

There was no explanation as to why U.S. Bank National Association, which serves as a trustee to the mortgage lenders, pulled the mall from the June auction.

Aiken Mall Acquisition LLC, which owns about 35 acres at Aiken Mall, is listed as owing approximately $28.5 million to U.S. Bank, according to Aiken County Clerk of Court records. The total owed value includes a principal balance of about $20 million, with additional uncollected interest and late fees making up the difference.

According to clerk of court records, Aiken Mall Acquisitions LLC, quit making payments on the interest on April 1, 2012.

Calls made to Richardson, Plowden & Robinson, PA in Columbia, which is handling this case, were not returned by press time.

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