ELLSWORTH, Maine  - The remnants of what was Dave Gould Ford in Ellsworth will be auctioned off this weekend by Bangor Savings Bank.
The business, at the intersection of Routes 1 and 3, closed in April after being plagued with financial problems.
Items repossessed by the bank from the dealership, including engine stands, waste oil heaters and many tools, will be auctioned at the dealership starting at 11 a.m. Saturday. A preview of the items will be held 4-7 p.m. Friday.
Epstein Commercial Real Estate of Bangor is selling the property. Representatives on Tuesday declined to comment on the asking price for the property or if there were any potential buyers.
According to the city of Ellsworth Web site, the property has an assessed value of $1,184,200. Gould bought the 2.2 acres in 1998 for $1,500,000, $315,800 more than what it is now worth.
Allegations of financial impropriety were brought against the owner, Dave Gould, in September after Ford Motor Credit Co., which provided capital and inventory for the dealership, filed a lawsuit claiming Gould owed more than $2 million to the company.
In December, Bangor Savings Bank started the process of foreclosure.
According to a statement from the Secretary of State’ s Office released in January, the dealership had committed more than 150 fraudulent acts against its customers totaling more than $288,000.
Gould was not available for comment Tuesday, but told the Bangor Daily News in January his financial situation was blown out of proportion.
“It’ s all very sad,” said Gould’ s attorney, Nathan Dane of Rudman and Winchell, in a phone interview Tuesday.
Dane declined to comment further on the situation.