The US Department of Housing and Urban Development has scheduled a foreclosure auction for December 16 for the College Hill Apartments, St. Louis, Missouri.
This occupied 178 unit, scattered site apartment complex was built in 1987 and consists garden, walkup and townhome units. The complex consists of 2 one-bedroom, 169 two-bedroom, 6 three-bedroom and 1 four bedroom units. Earnest money deposit of $75,000 is required to bid on this property. A $626,809 Letter of Credit (LOC) is required at closing to insure completion of repairs. Repairs are estimated to cost $2,507,237. Bids will be accepted orally at 1:00 PM local time, December 16, 2005, City Civil Court Bldg., East Front Door, 11th and Market Street, St. Louis, MO 63103.
OPEN HOUSE: None Scheduled
