The Northeast Georgian, a local weekly, reports that former state senator Nancy Schaefer and her husband Bruce were having serious financial problems.
On March 26, Bruce Schaefer shot his sleeping wife, and then turned the gun on himself, according to law enforcement authorities.
At 9:06 a.m. Wednesday, March 31, hours before the Schaefers’ funeral in Toccoa, The Northeast Georgian received a legal advertisement of notice of sale under power to secure debt by Nancy S. Schaefer. That legal advertisement notice states the original principal amount was $755,000.
The home is scheduled to be sold “at a public outcry for cash to the highest bidder before the courthouse door of Habersham County” during legal hours of sale on the first Tuesday of May (May 4).
The 4,700-square-foot house, located at 458 Yates Circle, Clarkesville, is located within the private, gated golf course community known as The Orchard near Turnerville.
The home is valued at $629,000,