NOTICE OF PUBLIC SALE OF CO-OP APARTMENT
BY VIRTUE OF A DEFAULT UNDER that certain Loan Security Agreement dated April 22, 2021 and made by ANDREA FRANCIONE (the "Debtor") in favor of WELLS FARGO BANK, N.A.,
NOTICE IS HEREBY GIVEN that pursuant to Article 9 of the Uniform Commercial Code as enacted by the State of New Jersey as codified in N.J.S.A. 12A:9-1-1, et seq., the Secured Party, or its successor in interest or legal representative, will sell the collateral hereinafter described at public auction on January 21, 2026.
Said public auction will commence at 2:00 P.M. at the offices of Robertson, Anschutz, Schneid, Crane & Partners, PLLC, 130 Clinton Road, Suite 202, Fairfield, NJ 07004 at which time the following collateral will be sold:
All shares of the cooperative corporation, leases, stock powers, assignments of leases, and other agreements, instruments, and documents, pursuant to which certain rights or benefits have been granted to the Debtors, all in connection with or pursuant to certain Promissory Notes and Security Agreements (collectively, the "Collateral") representing the debtors' interest in the following property:
100 MANHATTAN AVE, APT 1716, UNION CITY NJ 07087.
The underlying indebtedness, in the approximate amount of $142,734.92, plus accrued interest, legal fees and costs of sale, as represented by a Promissory Note or other form of repayment agreement between the debtor and the Secured Party is not part of this auction and is not being sold.
The purchase price for the Collateral shall be the highest bid and shall be payable in cash or by certified or bank check, of which a twenty (20%) percent deposit is required with the successful bid at time of auction and the balance of the purchase price shall be payable within thirty (30) days ("Closing Date"). The Secured Party reserves the right to bid at this sale, shall not be required to post a deposit and may credit against the purchase price bid all sums due to the Secured Party under the Security Agreement. Should the successful bidder fail to deliver the balance of the purchase price within the time period set forth herein, then upon the expiration of such time period the collateral may, in the sole discretion of the Secured Party, be resold and any loss arising from such resale shall be the responsibility of the former successful bidder. The sale may be subject to further conditions and revisions as may be announced at the start of the auction.
The Collateral appurtenant thereto may be inspected at the offices of Robertson, Anschutz, Schneid, Crane & Partners, PLLC immediately prior to the sale.
The Co-op Apartment will be sold as is, subject to superior liens, subject to any oustanding dues, charges and assessments owed to DORIC APARTMENT CORPORATION, if any, subject to rights of tenants or occupants in possession, if any, and subject to Aany and all other rights of DORIC APARTMETN CORPORATION. Possession is to be obtained by the purchaser. Purchaser must satisfy any requirements of DORIC APARTMENT CORPORATION in order to complete the purchase, and is responsible for any charges and fees which are required by the association to process the purchase approval and transaction.
Please direct all inquiries with respect to the collateral to:
Robertson, Anschutz, Schneid, Crane & Partners, PLLC
A Florida professional limited liability company
Steven D. Krol, Esq.
130 Clinton Road, Suite 202, Fairfield, NJ 07004
Attorneys for Secured Party
($230.64)