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Manchester Bank Buys Richie Farmer's House

Manchester Bank Buys Richie Farmer's House
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By AP
Sep. 24, 2012 | FRANKFORT, KY
By AP Sep. 24, 2012 | 11:52 AM | FRANKFORT, KY
The foreclosed home of former University of Kentucky basketball star Richie Farmer has been sold at auction for $175,000 in the latest blow to the sports icon.
 
Master Commissioner Charlie Jones sold the home Monday at the Franklin County Courthouse. First National Bank of Manchester, which held the $317,929 mortgage, bought it and will put it back on the market.
 
Farmer's athletic stardom helped him to win two terms as state agriculture commissioner. He lost a race last year for lieutenant governor. Since then, he has gotten divorced, been lambasted in a state audit that accused him using state workers to do personal chores, and now is under FBI investigation.
 
Unemployed since he left office last December, Farmer lost a bid last week to have his child support payments reduced.
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