Mortgagee's Sale at Public Auction of Condominium Development & Phasing Rights
Remaining Development of Phasing Rights and Easements, per a Master Deed dated 10/12/06 for "The Village at Bedford Woods Condominium"; an existing, partially constructed 88 Unit Condominium Development on 7.14+/- acres. Building A, containing 30 units, has been fully constructed & each unit has been conveyed to an end user. The rights to construct Building B and Building C (having a combined total of 58 units, with 29 in each building per the Comprehensive Permit), is what is being sold at this sale. The project, per Chapter40B, requires that 25% of all units be classified as "Affordable Units". The subject site is serviced by municipal water & sewer, natural gas, electricity, telephone & internet access.
Terms of Sale: A deposit of $100,000 by certified or bank check will be required at the time & place of sale & balance in 30 days. All other terms announced at sale. Paul G. Crochiere, Esq, Wakefield, MA, Attorney for Mortgagee