Foreclosure notice pulled on house owned by mayor

Published 11:28 am Friday, February 24, 2012

A foreclosure notice against one of four residential properties owned by Vicksburg Mayor Paul Winfield was halted Thursday.

William Bost Jr., the trustee for Guaranty Bank, which held the mortgage on the property, confirmed that the legal foreclosure notice was pulled, but declined to give the reason.

Winfield said Thursday a deal is pending on the house, but he would not identify the potential buyer.

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Bost would not confirm Winfield’s information, saying he felt uncomfortable discussing it before it is resolved.

In foreclosure was a vacant house at 1118 Main St., which is next door to the home where Winfield lives, 1116 Main St. Winfield bought 1118 in 2008, records show.

The legally required foreclosure notice was advertised in The Vicksburg Post on Feb. 13 and Feb. 20.

Attempts to contact Guaranty Bank for the balance due on the house were unsuccessful, but according to records at the Warren County Chancery Clerk’s Office, Winfield’s mortgage on the house was $40,608.

Tax records at the Warren County Tax Assessor’s office put the value at $10,410.

According to county records, Winfield owns another vacant house, at 602 Farmer St., valued by the assessor’s office at $25,200.

Winfield, who bought a home on the northeast corner of Mulvihill and Drummond streets in 2011, has his 1116 Main home on the market.

Debra Grayson of McMillin Realty, with whom 1116 Main was listed, said the asking price was $499,000.

County records put the value of 1116 Main at $46,520 for tax purposes and 1211 Mulvihill at $245,430.

“I don’t see where that has any business being mentioned with the other property (1118 Main),” the mayor said. “We’re still renovating it, and we’ll move in when it’s completed.”