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Bank wins prep school foreclosure auction

MANATEE — A lender won a foreclosure auction of Bradenton Preparatory Academy’s west Bradenton campus today.

GTE Federal Credit Union was the only bidder for the 11-acre campus at 7900 40th Ave. W. The lender’s winning bid was $100, the minimum required opening bid.

The online auction was ordered in April after GTE won a $3.68 million mortgage foreclosure judgment against the private school’s owner, The Children’s Place Inc.

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