County Foreclosure Surprise

Some folks claim that a real estate license amounts to a license to be nosy. 

Being a real estate broker AND a curious sort, I regularly check out the County Foreclosure list published in the Courier Journal on Wednesdays.   If you have not checked it out, it is published on Wednesdays in the Classified, which is in the Metro Section of the Paper.    There is an ad run by the Jefferson County Circuit Court which is titled COMMISSIONERS SALE, MASTER COMMISSIONER.  Following that title is a list of the upcoming foreclosures for auction.  

Today, I discovered that Meidinger Tower is scheduled to go to foreclosure auction on Tuesday, April 23.     According to the posting, the foreclosing party is seeking to raise $29,172,987.65 to satisfy their debt.

I suppose it shouldn't have been a great surprise.  Meidinger Tower lost their name sake tenant a year or two ago, when they moved to Aegon Tower.   With the principal tenant gone, they have had a lot of vacant space.  

Still, I hate for anyone to face hard times.

Anyway, it's amazing what you might find when you pay attention.  I will be curious to see if this makes it to auction and who ultimately ends up controlling the property. 

Have a great day everyone!  Thanks for reading.

David

David W. McCoy, MBA CIPS e-PRO
Associate Broker
Commonwealth Commercial Real Estate
10444 Bluegrass Parkway
Louisville, KY  40299

ofc: (502) 379-6005
cel: (502) 905-5274
e-mail: DMcCoy@ccre.biz