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.

Recent NASCAR Discussions

NASCAR Odds

No NASCAR odds found

Nascar Top Stories

Thumbnail Coca-Cola 600 Picks Which driver will come away with the Coca-Cola 600 victory tonight? Here’s our suggested picks for the race.
Thumbnail Hisense 4K TV 300 Picks The NASCAR Xfinity Series puts on the Hisense 4K TV 300 later today. Here are some drivers we like to contend for...
Thumbnail Hisense 4K TV 300 The NASCAR Xfinity Series is back in action on Saturday with the running of the Hisense 4K TV 300. Here’s a look at the...
Thumbnail Coca-Cola 600 Odds The longest race of the NASCAR Sprint Cup Series season takes place this Sunday in the Coca-Cola 600. Here is a look at the odds for this...
Thumbnail Sprint All-Star Race Picks Who will emerge as the winner of the Sprint All-Star Race tonight? Here’s some suggested drivers for this Sprint Cup race.
More inNASCAR Articles