What's Happening?
A trustee sale is scheduled to take place at the McMinn County Courthouse in Athens, Tennessee, on January 15, 2026. The sale is being conducted by Mickel Law Firm, P.A., acting as the Substitute Trustee, following a default on a Deed of Trust Note dated
October 1, 2007. The property in question is located at 257 County Rd. 361, Niota, Tennessee, and is owned by Ronald H. Jones and Janie M. Jones. The sale will be held at the front entrance of the courthouse and is open to the highest bidder for cash. The sale is subject to various conditions, including any liens, unpaid property taxes, and other encumbrances. The Substitute Trustee has the authority to adjourn the sale to another date if necessary.
Why It's Important?
This trustee sale is significant as it represents a legal resolution to a financial default, impacting the property owners and potential buyers. Foreclosure sales like this one are critical in the real estate market as they provide opportunities for new ownership and can influence local property values. For the current owners, the sale marks the end of their property rights, while for potential buyers, it offers a chance to acquire property potentially below market value. The outcome of such sales can also affect local government revenue through property taxes and influence the broader economic health of the community.
What's Next?
Following the sale, the new owner will assume responsibility for the property, including any outstanding liens or taxes. The Substitute Trustee will ensure the sale complies with all legal requirements, including confirmation that it is not prohibited under the U.S. Bankruptcy Code. If the highest bidder fails to complete the purchase, the property may be offered to the next highest bidder. The sale's completion will be subject to final confirmation and audit of the loan status with the Deed of Trust holder.
