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Default On $131M Note Throws Apartment Buildings In Three States Into Foreclosure; Tenants Face Threats Of Utility Shutoffs, Sewage Seepage

By r morris

In Portsmouth, Virginia, The Virginian Pilot reports:The management of two large Churchland-area apartment complexes has not paid utility bills recently and appears to have abandoned them - prompting a court to appoint a receiver for the properties. The complexes are the 196-unit Chelsea Point, formerly called The Villas, in Portsmouth, and the 208-unit Vacaro Apartments, formerly known as the

Full post as published by The Home Equity Theft Reporter on March 14, 2009 (boomark / email).