Cassidy is only facing foreclosure because he is suing the bank that currently holds the note. [UCB] Bank which was taken over by the Feds and sold to East West had agreed to a construction loan with Cassidy. When East West took over they reneged on the loan agreement.
And our reader’s forecast: “This will not go to foreclosure.” Cheers.
∙ Comments: Cassidy’s 1844 Market Street Project Facing Foreclosure [SocketSite]