Big Store auction off, but buyer could be hooked
NEW LONDON -- The scheduled auction of a New London grocery store was cancelled about a half-hour after it was set to begin Tuesday morning.
There were no "qualified buyers" present at the foreclosure sale of the Big Store, said Oren Klein, from Tranzon Integrated Property Group, who had come all the way from New Jersey to conduct the sale of the store.
A qualified buyer needed to have a $5,000 certified check in order to bid during the auction, Klein said.
Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.
You will need your subscription account number and phone number. Not sure if you have an account? Email us at firstname.lastname@example.org and we can help you.