City Centre property seized in $1 million judgment sells for $2 at auction
There was one bidder at a Sheriff's property seizure auction this morning, Melissa Marsocci, owner of Genesee Urgent Care (formerly Insource Urgent Care).
Three parcels were available in the auction, the result of a judgment against Advanced Imaging won by General Electric. Marsocci bid on two properties.
GE was owned nearly $1 million by Advanced Imaging, according to court records.
Marsocci paid $1 for each of the two properties she won at auction. The Sheriff's office gets a 5-percent fee of the auction, resulting in 10 cents for the county, with $1.80 going to GE.
Marsocci paid cash, but has 24 hours to change her mind.
She will be responsible for $54,000 in taxes owed to the City of Batavia in back taxes if she keeps the two parcels.
The big issue, and what probably kept other bidders away, Marsocci said, is a question of whether other creditors of Advanced Imaging can try to collect judgments against the new property owner.
Over the next day, Marsocci is going to try and determine the answer to that question, which will figure into her decision on whether to keep the property.
If she keeps it, she knows her current business location, 35 City Centre, will be protected from potential eviction if somebody else bought the property.
She will also be able to expand her business into the Advanced Imaging office. She intends to open office space for more medical specialists.
Advanced Imaging owner Mark Zdrojewski attended the auction (top photo, far side of the conference table), but did not register to bid. He refused to comment following the auction and left quickly.
Deputy Ed Vlack accepts the $2 payment from Melissa Marsocci for two parcels of property in City Centre that were auctioned at the Sheriff's Office this morning.
Previously: Public documents reveal deep financial hole for local medical business