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Why the Largest Foreclosure Sale During the Pandemic Remains a Rarity — For Now

Flood of Rescue Capital Makes Washington, D.C., Auction Stand Out
Tenants vacating 1350 I St. NW in Washington, D.C., led to its foreclosure and typifies a trend that could result in more lender takebacks, but not until later this year, experts say. (CoStar)
Tenants vacating 1350 I St. NW in Washington, D.C., led to its foreclosure and typifies a trend that could result in more lender takebacks, but not until later this year, experts say. (CoStar)
CoStar News
March 18, 2021 | 2:08 P.M.

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The auction of a centrally located Washington, D.C., office building last week set a high-water mark for being the priciest foreclosure sale during the coronavirus pandemic, according to CoStar data.

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