As many of you know unit #147 has been in the foreclosure process for years. It is now going to be sold at auction by the U.S. Marshal and the date and time is finally set. If anyone is interested in bidding, please read the following two attachments:
- Information related to auction sale of unit #147
- Official Notice of Marshal Sale
If you do not understand how to proceed after reading the attachments, please seek legal counsel. The Association cannot provide legal advice. However, we can emphasize the following:
In order to bid, you must have funding (usually cash access) arranged before the sale. 10% will be needed on the day of sale, with the remaining 90% paid in 30 days. If you fail to meet either deadline, you may lose your deposits and possibly be subject to additional financial penalties. In other words: You need to be serious and have all the money lined up beforehand.
