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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