Mark your calendar for April 28, when 41 of 53 condos at the Audubon Park complex in the Fenway are scheduled to go on the foreclosure auction block.
The owner, 16 Miner Street LLC, apparently defaulted on construction loans. It was just a tough time to sell condos in a so-called “pioneer” area of the city, the article makes clear.
There are probably going to be some good deals at the auction, so stay tuned.
Update: Banker & Tradesman is telling me that the 16 Miner Street auction will not be sold on a unit by unit basis, but sold together in bulk to an investor. It’s still an auction, just not a typical auction.
Photo: Banker and Tradesman