The Seattle Condo Blog | Seattle Condos and Lofts » Condo Foreclosure http://seattlecondosandlofts.com Thu, 09 Feb 2012 00:42:02 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Burien Town Square faces possible foreclosure http://seattlecondosandlofts.com/2010/08/burien-town-square-faces-possible-foreclosure http://seattlecondosandlofts.com/2010/08/burien-town-square-faces-possible-foreclosure#comments Fri, 13 Aug 2010 18:46:54 +0000 Ben Kakimoto http://seattlecondosandlofts.com/?p=6085
  • Burien Town Square foreclosed
    • ]]>     The Seattle Times reported that Burien Town Square, a mix-use residential, commerical, community development may face foreclosure unless it can come up with a $3.5 million payment by September 1st:

    The firm that holds the note on the construction loan for Burien Town Square Condominium filed a legal notice late last month that it intends to foreclose on the property Oct. 29 unless developer Urban Partners comes up with $3.5 million by Sept. 1 to cover missed monthly payments and related charges.

    The notice covers 118 of the project’s 124 condos — just six have sold since the building was completed 14 months ago — and the ground-floor retail space, all of it still unleased.

    Read the rest of the article at Seattle Times.

    UPDATE 8/21/2010:

    The Puget Sound Business Journal reports that a settlement deal may be under way between Urban Partners and Corus Construction LLC.

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    ]]>     http://seattlecondosandlofts.com/2010/08/burien-town-square-faces-possible-foreclosure/feed 2     Marlborough House to foreclose http://seattlecondosandlofts.com/2009/02/marlborough-house-to-foreclose http://seattlecondosandlofts.com/2009/02/marlborough-house-to-foreclose#comments Wed, 25 Feb 2009 22:19:19 +0000 Ben Kakimoto http://seattlecondosandlofts.com/?p=2751
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    • ]]>     Marlborough House, one of Live Historic’s conversion projects is headed to foreclosure reports Realtor Jim Reppond.

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