Quote:
Originally Posted by secondcurve
What typically happens in these cases is the restaurant brings current its bank payment and forestalls the foreclosure proceedings than a month or two later it falls past due again and the foreclosure is back on. We saw this with the restaurant that was in the space the Bayside in Wolfeboro now occupies. Once the spiral begins it almost never is stopped. My guess is the Woodshed has new owners by the springtime.
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THat is true. That is what I have generally seen happen too.