Property sales are now underway for Bay Area condominium units linked to a massive real estate fraud case.
FREMONT — Property sales are now underway for Bay Area condominium units linked to a massive real estate fraud case — but it’s unclear how much of the proceeds will be used to pay investors who were swindled.
The receiver has been attempting to get the Fremont and San Jose projects completed so the units could be sold as a way to help the investors recoup at least some of their losses.Sales of several condos in a 93-unit residential complex with addresses of 42111 and 42183 Osgood Road in Fremont have been completed, according to court papers.
Efforts are proceeding to complete a project at 1821 Almaden Road in San Jose, a 91-unit residential development.
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