Two Possibilities for the Missing Bank of Ann Arbor Sheriff's Sale Funds

To sum up there are unaccounted funds from the Sheriff’s sale that the Bank of Ann Arbor is refusing to tell us where the funds went.

There are two possibilities:

1. The bank “bought” the Sheriff’s sale properties and falsely told the Sheriff that it did a credit bid for $1.4M as that amount is not reflected on the bank’s ledger sheet for the mortgage.  Once again the Feb 26 2018 $1.15M payment against the loan was AFTER the six month redemption period ended AFTER the bank owned 620/630 Geddes Ridge outright.  The bank refused to tell us what the source of the $1.15M was.  This would mean the bank obtained the Sheriff's deeds without spending a penny.

OR

2. The bank paid a secret (fraudulent) superseding lien/financial encumbrance in the amounts of $1.4M which would have to predate the January 2013 Bank of Ann America mortgage for 1745 Brian Court which was recorded at the Washtenaw County Register of Deeds as having first lien position on the mortgage given that 1745 Brian Court was used as collatoral for the 2015 Bank of Ann Arbor mortage loan. The Bank of America mortgage was not paid by the Bank of Ann Arbor

 -  This would mean that the bank was out the $1.4M from the balance of the mortgage owed (per the bank ledger) and then the bank paid out another $1.4M to the secret superseding lien/financial encumbrance.  If you subtract the $1.15M principal payment against the loan then the bank was out $1.65M.  The fact that the 1099C tax form only wrote off $280K of debt means the bank was hiding this/covering it up.

-Perhaps this explains why the various parties we paid through court settlements would not provide us with W-9 forms so we could issue 1099s for the court settlements (which are required by the IRS)?  If you add up the money we paid through the court settlements and to Paul Cronin and Aine Kelly for their promissory note the amount matches $1.4M.  We wrote Prosecutor Savit and AG Nessel about this (email attached) but never heard back.  Was this a recycling scheme in which funds were collected via the court settlements and the Cronin/Kelly promissory note with the various parties then paying off the outstanding debt?

Clearly the bank is hiding something here.

Selected Reporting

• From Mentor to Federal Investigation: The Dr. Eva Feldman Documentary Chronology
• July 26 Documentary Notice and Documentary Chronology Transmitted to City Attorney Kaur, Mayor Taylor, City Administrator Dohoney, and Police Chief Anderson Concerning Ann Arbor Police Department Investigations, Related City Proceedings, and Federal Investigations Involving Drs. Bradley Foerster and Myria Petrou (2015–2026).
• July 7 Documentary Notice to University of Michigan Vice President and General Counsel Timothy G. Lynch Concerning University and Law Enforcement Investigations Involving Drs. Bradley Foerster and Myria Petrou (2015–2026). July 8 UM Announces Lynch Leaving.
• From One FBI File to a Legislative Proposal: Peter and Maria Foerster Ask Senator Van Hollen's Office and Congressman Jamie Raskin to Consider a Uniform Administrative Framework for Federal Investigations
• The Institutional Fingerprint of the FBI Russia-Gate File: Referrals, Consults, Intelligence Reports, and the June 16, 2026 FBI Production
• Dr. Bradley Foerster and Dr. Myria Petrou Document More Than Two Years of Unsuccessful Efforts to Trace Bank of Ann Arbor's $1.4 Million Sheriff's Sale Credit Bid (June 2026)

Brad Foerster, MD PhD

Brad Foerster is a FOIA advocate documenting requests, transparency disputes, and accountability investigations involving public agencies, universities, police oversight, and Russia-Gate related inquiries. His work compiles original documents, timelines, and analysis of public records and institutional responses. Brad is also a board-certified radiologist, author of Town & Gown, and has published over 40 peer-reviewed articles. Brad lives in Potomac, Maryland with his family and is active in the Montgomery County Medical Society and the Takoma Park U.S. & World History Book Club.