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Old Posted Feb 24, 2009, 2:52 PM
cololi cololi is offline
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Join Date: Jul 2008
Posts: 690
Quote:
Originally Posted by Urban_logic View Post
How can something not built yet be in foreclosure?
Easy, by not paying your bills. There are scores of projects that are at a complete stand still in SLCO. Some have gone into some form of bankruptcy or foreclosure while some have liens against the property and court orders that prohibit the owner/developer from dumping any more money on the project until they pay their back bills. These projects are in downtown SLC, sugarhouse, Holladay, Sandy, etc.
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