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    Building owner loses foreclosure fight

    18.05.12

    * A request to void the bank's judgment has been denied.

    The quirky Ottilio Building, a hillside landmark near the Totowa - Paterson border, is scheduled to be sold Tuesday in a sheriff's auction after the property owner failed this week in his latest attempt to stop a bank foreclosure.

    A Passaic County Superior Court judge decided to deny the request of Spring Lake-based Ottilio Properties LLC and its sole shareholder, Anthony V. Ottilio, to overturn a nearly $5 million judgment that creditor Valley National Bank was granted last year.


    Source: NorthJersey.com

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