- Associated Press - Tuesday, May 1, 2012

NEWTON, N.C. (AP) - The bank that held the mortgage on property owned by former NASCAR driver Jeremy Mayfield has bought the North Carolina home at a courthouse auction.

Carolina Farm Credit bid more than $1.7 million for the home and land owned by Mayfield, who was suspended from NASCAR after testing positive for methamphetamine in 2009.

The auction was conducted on the Catawba County Courthouse steps Monday. The bank was the only bidder.

Mayfield and his wife, Shana, had taken out two mortgages from Carolina Farm Credit in 2006 on the property for more than $3 million. They last made a payment in April 2011.

The Mayfields must be out of their home in 10 days. Mayfield was in Caldwell County on Monday on pending drug charges, which were delayed until September.

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