A plugged-in reader provides the inside scoop on the foreclosure filing on 1844 Market:

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]

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