• Wisconsin Business News

October 11, 2013

Penzey 'excited and frustrated' as Northridge foreclosure proceeds

Bill Penzey has mixed feelings about the order for foreclosure recently entered for the former Northridge Mall.â;€Âoe;Iâ;€™m excited, frustrated, but mostly excited,â;€Â; he said Thursday morning.

A judge entered the foreclosure order Sept. 27, but she included a six-month redemption period in the order, meaning a sheriffâ;€™s auction canâ;€™t happen until March 27, 2014, at the earliest. Penzey and his attorneys had been asking for a three-month redemption period.

Penzey is trying to acquire the massiveâ;€¦;

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