For those who say you cannot lose on property........no buyer,...

  1. 10,348 Posts.
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    For those who say you cannot lose on property......

    ..no buyer, wow.

    JUST IN: Holiday Inn Express in Washington DC sells at a shocking ~80% 'discount' to debt owed The lender was the only bidder in the foreclosure auction, bidding $18.5M The lender was owed $83M as the largest secured creditor The 247 room hotel opened in Dec 2022 Source: WA Business Journal

    From 1ronnie
 
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