Apartment Auction Delayed; Power's On
Tuesday’s foreclosure auction was delayed and some Arlington apartment renters learned their electricity would stay connected because the complex’s owners came up with a partial payment on their delinquent utility bills. The owners of Bristol Pointe Apartments are seriously behind on their mortgage payments, too, and they came within hours of a foreclosure auction. But at the last moment, a North Carolina bank asked to have the sale postponed for at least a month even though the Florida-based owners of Crown Pointe defaulted on a 12-million dollar note. Around the same time, residents were told the electric company had been paid something on a long-overdue bill, meaning the power would stay on at least through the end of the week.