The Old Town Post office building, located at 9108 Center Street, sold last week in a U.S. Marshals Service-ordered auction for $385K—a price that's just not high enough for U.S. marshals who are trying to pay back victims of a mortgage fraud scheme.
According to a report on the Washington Post (blog), U.S. marshals rejected the bid made last week by two Manassas residents to purchase the building.
A spokesperson for the U.S. Marshals Service told the Post the proceeds of the sale go to paying back victims of the building's previous owner Linda Sadr, who was sentenced to jail after being convicted in a mortgage fraud scheme that bilked unsuspecting homeowners out of millions of dollars.
The spokesperson told the Post the low price would not help those victims.
The property's value has been listed in recent years for as much as $750,000, according to the report.
It is up to the U.S. marshals to sell the building after the city waived first rights to purchase the historic landmark that houses the downtown post office and will for at least another 92 years.