11213 – Pfannensteil
February 14, 2007
You may have noticed that there hasn’t been any movement sales-wise at 11213 on the southeast corner of the street. We mentioned at the Annual Meeting in December, that the property was in the final stages of being sold at a Public Trustee’s auction. If that were to happen, the HOA would only be able to recover around $500 of the $2600+ it is owed.
At the beginning of January, we received word that a secondary lienholder (other than the HOA) had an interest in redeeming the property before it went to sale. If that were to happen, the HOA would recover everything it is owed. The good and bad news is that while the Public Trustee sale has not happened, neither has progress on redeeming the property by the second lien holder.
We’ll keep you updated here on the web page as we learn more information about the disposition of the property.
Comments
Got something to say?