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Dive bar requiem denied! Judge puts off Hank’s foreclosure auction • Brooklyn Paper

Dive bar requiem denied! Judge puts off Hank’s foreclosure auction

Hank’s Saloon, one of Brooklyn’s last and dirtiest dive bars, could be razed for condos if developers buy it at an upcoming foreclosure auction.
Photo by Tom Callan

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.

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