A Brooklyn judge blocked Hank’s Saloon from being sold at a foreclosure auction on Thursday — giving fans of the dive bar more time to indulge in cheap beer and country tunes.
Brooklyn Supreme Court Judge Sylvia Hinds-Radix has scheduled a hearing next month to determine whether the bank illegally took possession of the property.
Valley National Bank “failed to provide certain facts to the court to secure … a judgment of foreclosure,” Hinds-Radix wrote in her court order.
Hank’s regulars were heartbroken last week by our report that the dingy, century-old honky-tonk on Third and Atlantic avenues would be auctioned off by the bank.
The owners of the building, Emily Fisher and Rolf Grimsted, defaulted on their mortgage in 2008.
Grimsted told The Brooklyn Paper that when Valley National Bank took over his mortgage from his first lender — which was shut down by the federal government — it wouldn’t allow him to refinance.
©2011 Community News Group
By submitting this comment, you agree to the following terms:
You agree that you, and not BrooklynPaper.com or its affiliates, are fully responsible for the content that you post. You agree not to post any abusive, obscene, vulgar, slanderous, hateful, threatening or sexually-oriented material or any material that may violate applicable law; doing so may lead to the removal of your post and to your being permanently banned from posting to the site. You grant to BrooklynPaper.com the royalty-free, irrevocable, perpetual and fully sublicensable license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform and display such content in whole or in part world-wide and to incorporate it in other works in any form, media or technology now known or later developed.