question and answer page will be used to answer
questions raised by the community and news media.
There has been inaccurate information released that will
be clarified on this page. Please email questions you
may have to:
Question: Did the building owners have
financing in place before the foreclosure sale?
Answer: Yes, there was a firm commitment from First
Premium Funding out of Holbrook, New York and Elite
Question: Is it true that M&F did not list all
addresses on the foreclosure sale?
Answer: Yes. M&F did not list all addresses. In fact
they only listed one address(545 N. Trade St.) when in
actuality the property consists of 2 separate
buildings(545 N. Trade St and 550 N. Liberty) and a
parking lot(538 N. Liberty). Totally 3 separate
addresses. The incorrect listing of the property by M&F
has raised numerous legal and ethical questions.
Question: It is has been said that Wiley Brown
has not made a mortgage payment in a year.
Is this true?
Answer: As a result of continuous litigation filed by
M&F and their unwillingness to accept payments, although
WB has been trying to get M&F to accept payment, they
have refused. WB has had refinancing capabilities since
before the foreclosure sale.
Question: Has the city of Winston-Salem
been harmed by M&F actions and their
unwillingness to resolve this dispute?
Question: M&F stated in the
Winston-Salem Journal they postponed the
foreclosure once in an attempt to work with WB.
Is this true?
Answer: The postponement of foreclosure was
done after a $25,000.00 payment was made to M&F.
Question: Did M&F change the locks at
the building before obtaining a court order?
Answer: Yes. M&F did change the locks before
obtaining a proper court order and was required by
Winston-Salem Police Department to either change the
locks back or turn over new keys to WB. M&F turned the
keys over to WB.
Question: Has M&F locked other paying
Question: Has there been a loss of jobs
as a result of this dispute?