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StumbleuponBank puts hold on sale of Veillette house
Saturday, November 29, 2008
MASON — Contractors have erased the scorched facade and boarded up windows on the Mason home that was the scene of a quintuple murder early this year, but the two-story still is not ready for the auction block.
The house was set to be sold at a sheriff's sale Monday, Dec. 1, but court records show the bank that holds the mortgage asked the sale be stalled because "the property has come up on the damaged property report."
Michel Veillette, a self-employed engineer, stopped making the $3,238 monthly mortgage payments on the home at 4587 Brackenview Court on Dec. 1, 2007. According to a police investigation, Veillette purchased jewelry worth $2,000 for a Canadian stripper when he wasn't paying the mortgage.
A little more than a month later on Jan. 11, he fatally stabbed his wife, Nadya Ferrari-Veillette, spread gasoline where his four children — Marguerite, 8; Vincent, 4; and 2-year-old twins Mia and Jacob — slept and ignited it, killing the children.
Veillette was charged with murder in their deaths. He later hanged himself at the Warren County Jail on April 15 as he was awaiting trial.
Main mortgage holder Deutsche Bank National Trust is seeking $343,397 plus 7.5 percent interest on the foreclosed property.
The Veillettes paid $436,659 for the home on April 17, 2006, according to the Warren County auditor's Web site. They took out a $348,600 first mortgage and a $43,660 second mortgage the day of the purchase. Veillette took out another mortgage for $50,308 on Dec. 4, 2006.
Foreclosure proceedings began March 12, while Veillette awaited his death penalty trial.
Kirk Sampson, whose firm is handling the foreclosure, said homes are often removed, as in this case, because work still needs to be done to get the property prepared for sale.
Debbie Otto, who is in charge of Warren County Sheriff's Department records, said the sale likely will not be reset until January or February.
