“ST. PETERSBURG — This Friday’s foreclosure auction of the much-maligned Mosley Motel has been canceled because its owners have filed for bankruptcy.
A nuisance for some of its Historic Kenwood neighbors, the Mosley has racked up more than $40,000 in city fines. Residents had hoped a new owner would improve the property.
Theresa Pulley Radwan, professor of law at Stetson University College of Law, said Monday’s bankruptcy filing imposes an “automatic stay,” or delay, on any type of action against the Mosley or other property it currently owns.”