The leasehold interest in the property was slated to be sold to the highest bidder on Thursday after the hotel’s lenders defaulted on a loan with an outstanding balance of $252.7 million.
Prospective homebuyers considering the real estate market had a range of options in various neighborhoods throughout the region between July 1 and July 7. In this article, we outline recent property sales in Camden County, all of which featured homes under $500,000.
The ruling may clear the way for investors citywide to buy properties from the city’s land bank or at tax sales unencumbered by delinquent sewer bills.
Distressed borrowers in parts of Maine, Nebraska and West Virginia are the latest to get short-term leniency on government loan payments due to disasters.