Four Hogansville properties to be auctioned

Published 8:13 pm Friday, June 1, 2018

Four Hogansville properties on East Main Street will be auctioned off Tuesday due to foreclosure. According to a notice content, Pereza Properties, LLC originally owed $2,214,876.84 to Auburn Bank. 

The properties include properties currently used for Roger’s Pit Cooked Bar-B-Que, Nachos Mexican Grill, Crossroad Vapors and West Georgia Family Practice: Bramhadevi Srinivas MD.

According to the notice, Pereza Properties made a promissory note on June 27, 2017, to Auburn Bank.

“The indebtedness arising from the Promissory Note has been and is hereby declared due because of default under the terms of the Promissory Note. The indebtedness remaining in default, the sale will be made for the purpose of applying the proceeds thereof to the payment of the indebtedness secured by the Security Deed, accrued interest and expenses of the sale, and all other payments provided for under the Promissory Note and Security Deed, including attorney fees as provided in the Promissory Note and Security Deed, notice of intention to collect attorney fees having been given as provided by law; and the remainder, if any, shall be applied as provided by law,” read the notice.

Roger’s building was damaged by a fire on March 21. Owner Randy Striblin said they searched around for a possible or temporary location but decided to stay with the original property. Striblin said they knew of the foreclosure before the fire occurred and considered it when moving back into the building. 

“All of that was part of our consideration knowing all of that for us to come back into the building, so I was in constant contact with the bank about it all,” Striblin said. “With all of that, I had the assurance that we were going to be good to stay in the location.”

Striblin said they are still renovating and preparing for the re-opening of the restaurant regardless of the auction.

“My assumption is that the banks will end up owning the property here. I’m hoping after that I can actually buy my building that I am in,” Striblin said. 

Crossroad Vapors co-owner Julie Webster said news of the foreclosure made them ask the bank about their lease. 

“To my understanding, after speaking with the bank who owns the property right now, is that our lease will be honored,” Webster said. “As far as we know, they have to honor our lease.” 

Pereza Properties attorney Stephen Gunby declined to comment. A call to Auburn Bank was not returned Friday afternoon. 

The auction will be held at the Troup County Courthouse, according to the notice.