- Associated Press - Monday, September 28, 2015

GALLUP, N.M. (AP) - The Diocese of Gallup has walked away with less than $161,000 after selling nearly three dozen properties at auctions in Albuquerque and Phoenix.

The Gallup Independent reports (https://bit.ly/1jl8YBA ) that documents submitted by diocesan attorneys to the U.S. Bankruptcy Court say the sales total for both auctions was about $225,000. The two businesses hired by the diocese to promote and conduct the auctions earned about $65,500.

Most of the properties were sold for far less than their actual or assessed values. The highest sales price at the Phoenix auction was $26,000, and the remaining properties sold for between $110 and $7,700. Four properties at the Albuquerque auction sold for five-figure prices, and the others ranged from $121 to $4,400.

The diocese faces more than $2.7 million in costs related to its bankruptcy case.

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Information from: Gallup Independent, https://www.gallupindependent.com


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