San Jose housing towers head to possible auction due to delinquent loan

San Jose housing towers head to possible auction due to delinquent loan

A real estate auction to foreclose a delinquent $264 million loan for two housing towers in San Jose has been scheduled for as soon as early February.

Foreclosure Auction Scheduled for Z&L Properties’ 640-Unit Condominium Property in San Jose - The Registry

By The Registry Staff A foreclosure auction has been scheduled for a large San Jose housing complex that fell into default last year. The property, formerly known as Silvery Towers, fell into default on a $264 million construction loan, according to a report from The Mercury News. The complex, owned by an entity affiliated with […] The post Foreclosure Auction Scheduled for Z&L Properties’ 640-Unit Condominium Property in San Jose appeared first…