Wood owned the club outright after a foreclosure sale in 1937.
A foreclosure sale on the property is expected within 90 days.
Four years ago, he lost the farm in a foreclosure sale.
For example, he said, property sold at a foreclosure sale is not subject to the tax.
He lost it at a foreclosure sale that brought $1,009,000 for a building that had cost him $1,209,250.
Petersen bought the property last year in a foreclosure sale.
Anyone may bid on properties sold at a foreclosure sale.
If none of these actions are taken, a foreclosure sale will take place.
A foreclosure sale was held on January 10, 1997.
A foreclosure sale by the lender was scheduled on March 4, 2010.