October 29, 2009

34 condos in three projects will be auctioned on Dec. 5

Photo courtesy of Vicaso Solutions, LLC [enlarge]

This unit in Sunrise on the Lake is one of 34 condos that are scheduled for sale Dec. 5.

A total of 34 condos in three Seattle projects where development loans are in default will be auctioned Dec. 5, according to a receiver appointed by the courts to oversee the projects at the request of the lender, Horizon Bank.

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