Tremont Tower, a 76-unit condo development in Houston, is auctioning off 24 foreclosed units. Built in 2003, the building boasts the city's highest foreclosure rate of over 50%. This report suggests sub-prime lending as culprit, without mention of the construction defects and intense mold levels. Buyer Beware!
http://www.khou.com/topstories/stories/khou071107_jj_foreclosurehomes.1ea3fb6b1.html
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