The building that houses the Baltimore Nursing and Convalescent Center at 140 W. Lafayette Ave. in Bolton Hill was sold at auction yesterday for $825,000 to a local company, Mortgage Servicing Group, which had foreclosed on the property.
Mortgage Servicing initiated foreclosure proceedings last year against the previous owner, a Pennsylvania-based group called Bolton Hill Limited Partnership.
Edward Hirschhorn of Kowalsky & Hirschhorn P.A., the law firm representing Mortgage Servicing, said the building's use would not change. "The intent is for everybody to stay and to keep it operating as a nursing home," he said.
In court documents, Mortgage Servicing Group said the debtor owed more than $2.5 million as of June 30, 1991. Bolton Hill Limited Partnership subsequently filed for protection from creditors under Chapter 11 of the U.S. Bankruptcy Code. Yesterday's auction, conducted by Alex Cooper Auctioners, was approved by the bankruptcy court.