Log In

No bids in foreclosure auction for Brad Angelo Lanes in Lockport

LOCKPORT – Pro bowler Brad Angelo of Lockport has lost ownership of the bowling establishment that bears his name, but it will remain in operation, at least for the time being.

The former South Transit Lanes in Pendleton reverted to the control of the former owner, Sam R. Sears, after nobody bid in a mortgage foreclosure auction Wednesday in the Niagara County Courthouse.

About 10 people showed up for the auction, ordered by a State Supreme Court judge after Angelo’s company, Ry Bowl Enterprises, failed to make payments on a mortgage held by Sears.

However, the bidders shied away when the referee, attorney John G. Schmidt Jr., set the opening bid at $452,000, which was the amount Angelo’s company owed on the mortgage.

Sears’ attorney, John J. Ottaviano, said his client lives in West Palm Beach, Fla., and whatever happens to the 24-lane bowling facility next is up to Sears.

The next hurdle for Sears, or anyone who makes a private deal to buy the property from him, is to pay slightly over $100,000 in delinquent taxes and water bills dating back to 2013.

Ottaviano said if the taxes aren’t paid off by June 19, the County Treasurer’s Office will begin its own foreclosure proceedings and seek to take title to the property for disposal in the next county tax auction.

No bids in foreclosure auction for Brad Angelo Lanes in Lockport

imwb_socialpress_post_bookmark_url:
http://www.buffalonews.com/city-region/lockport/no-bids-in-foreclosure-auction-for-brad-angelo-lanes-in-lockport-20150507
Tagged under

Leave a Reply