Union Bank plans to auction off Freighthouse Square in downtown Tacoma next month if an ownership group fails to pay nearly $420,000 in missed mortgage payments, late fees, and related costs within the next two weeks, according to a legal notice published in Monday’s edition of the Tacoma Daily Index. The notice of trustee’s sale, filed by Trustee Corps. on behalf of the bank, claims Tacoma Freighthouse LLC owes $315,719.64 in monthly payments between Sept. 10, 2010 and Aug. 25, 2011; $13,245.66 in late charges between Sept. 10, 2010 and Aug. 25, 2011; and $90,579.21 in delinquent property taxes between Sept. 10, 2010 and Aug. 25, 2011. If payment is not made to the bank in full by Nov. 21, the building will be auctioned to the highest bidder on Dec. 2, 2011, at 10 a.m. at the County-City Building in Tacoma, according to the legal notice. To read the complete legal notice, pick up a copy of the Mon., Oct. 31 edition of the Tacoma Daily Index.

– – – – – – – – – – – – –

http://i.feedtacoma.com/TDI-Reporters-Notebook/freighthouse-where/

http://freighthousesquare.com/