Sunday, November 02, 2008

100+ Spokane Seniors May Face Eviction As Local Retirement Home Faces Foreclosure

In Spokane, Washington, KXLY-TV Channel 4 reports:
  • More than 100 Spokane seniors are wondering if they'll have to find a new place to live while their retirement complex faces foreclosure. The developer of Clare House on the South Hill is millions of dollars in debt and the property is heading for the auction block.

  • The seniors living there are pretty worried because not only will their retirement complex be changing hands but many of the residents living here can't afford to move some where else.

For more, see Retirement complex to be auctioned (read story) (watch KXLY-TV video).

See also, Spokane Journal of Business: Retirement complex faces foreclosure (Clare House Apartments placed in receivership pending trustee sale). BetaTenantRentSkimming