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

Advertisement

NASCAR Odds

No NASCAR odds found

Nascar Top Stories

Thumbnail Ford EcoBoost 400 Picks Which driver will take home the Ford EcoBoost 400 title today and also the NASCAR Sprint Cup Championship?
Thumbnail Ford EcoBoost 300 Picks The NASCAR Xfinity Series concludes its season later today with the running of the Ford EcoBoost 300. Which driver...
Thumbnail Ford EcoBoost 200 Picks The NASCAR Camping World Truck Series caps off its season and kicks off the tracing weekend with the Ford EcoBoost 200 tonight. Here are some drivers we like to contend for...
Thumbnail Ford EcoBoost 300 Odds The NASCAR Xfinity Series concludes its season on Saturday afternoon with the running of the Ford EcoBoost 300. Here...
Thumbnail Ford EcoBoost 400 Odds The final race for the Sprint Cup Championship takes place on Sunday in the Ford EcoBoost 400. Here is a look at the odds to win this...