Here are more pictures and video of the auction of Richard Scrushy’s Lake Martin waterfront home, lots, and hangar at Willow Point Airport. HealthSouth shareholders forced the auction to recover part of the $2.9 billion judgment against Scrushy.
As expected, the HealthSouth shareholders were the high bidders on both parcels. They “bought” the hangar for $435,000 and the lake front home and 2 adjacent lots for $7,4000,000. They arrived at these prices by getting appraisals, so Richard Scrushy will be given full appraised value as credits against the judgment. Now the shareholders are the official owners of the Lake Martin properties and seek to sell them as soon as possible, according to their attorneys. Obviously, as a Lake Martin realtor, I would love to help anyone buy it. Please contact me at the number and email at the top of this page.
If you would like to see a video of the home auction only, see my earlier post here.
The below video is for both the hangar and the waterfront home and lots in Willow Point, plus a little wrap up. The whole auction process lasted about 2 minutes:
Since the auction was over so fast, most of my time was spent listening to the attorneys for the Plaintiffs explain the process. The TV news never has time for full explanations, so I thought it would be helpful to publish the below explanations.
Another Attorney for HealthSouth was John Haley of Hare, Wynn, Newell, and Newton, LLP. He did some interviews but I didn’t get them on tape. Another attorney also present from that firm was Judge Ralph Cook.
A crowd gathers before the auction:
Sheriff Jimmy Abbett explains the process:
Page One of the Order of Sheriff’s sale:
HealthSouth Attorneys John Haley and Ralph Cook confer before the auction:
Lead Plaintiff Wade Tucker (l) and Attorney John Somerville (r) answer media questions after Scrushy auction had ended:
Attorney for the Plaintiff John Somerville meets with media:
For a complete set of all pictures I took at the Scrushy Lake Martin Home acution, see this set on Flickr.
Anyone or any company is free to download, use, re-print, re-broadcast any and all of my pictures and / or video that I have published on the Scrushy story. I do ask that if you use on the web please cite a hyperlink of this article or if you are using it in a broadcast, please cite LakeMartinVoice.com.
I have already been contacted by a few different media members for my content, and I am glad to help in any way. For quotes, analysis, or perspective, please contact me at the email and number at the top of the page.
To read all of my coverage on Scrushy and HealthSouth, see: “Scrushy Category” – or look on the left side bar and select Scrushy.