Wednesday, June 6, 2012

2 of 3 Auctioned Condos on 6/5/12 go to Nautilus Cove Condo

In the auction of 3 delinquent units on June 5th, 2 went to NCC (701 and 506) with one going to a third party (615).  This makes 5 units taken over by the condo and the new ones will also be rented out until the 1st mortgage holder takes them from us.  We can not sell these five units as the 1st mortgage holder has a claim on them superior to ours. 

These units have already been taken by NCC at auction on 3/30/12 and are being rented out: 401 Thomas, 702 Ussery and 705 Reyes.

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