Wells Fargo & Co. holds the $14.5 million mortgage on the property and will most likely gain possession of the property since it was recently appraised for only $12 million.
Tuesday, January 27, 2009
Baywalk Foreclosure Auction
St. Petersburg's 130,000 square foot retail facility that occupies the space between First Street and Second Avenue North in Downtown St. Petersburg is not without it's shares of problems. After the news of its broker being accused of misappropriation of funds, this property with an original development cost of $50 million now has a foreclosure auction scheduled for February 13th.
Wells Fargo & Co. holds the $14.5 million mortgage on the property and will most likely gain possession of the property since it was recently appraised for only $12 million.
Wells Fargo & Co. holds the $14.5 million mortgage on the property and will most likely gain possession of the property since it was recently appraised for only $12 million.
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