More Multifamily Units in Home Auction Listings in Hialeah

More multifamily properties are getting included in home auction listings in Hialeah as more condo projects were targeted by foreclosure lawsuits from lenders in April and May.

Three properties at risk of getting sold off are a 48-unit residential apartment building owed by T.A.M.I. Properties and an 18-unit residential property and a 12-unit building owned by Alonso Properties, which were foreclosed upon by Espirito Santo Bank after the owners failed to pay three separate mortgage loans secured by the buildings. One amounted to $2.4 million, the other amounted to $950,000, and the third amounted to $675,000.

By Cassiano Travareli