Judge orders forfeiture and sale of Yaquina Bay Communications property in Newport to satisfy bank debts
By QUINTON SMITH/YachatsNews A Lincoln County judge has ordered the forfeiture and sheriff’s sale of the Newport headquarters and property of six local radio stations to satisfy unpaid bank loans. Judge Marcia Buckley signed the foreclosure and sale order Monday, nearly a year after Oregon Coast Bank filed its foreclosure lawsuit seeking $532,000 for remaining balances on two loans.
