Riverwalk sheriff’s sale postponed

A sheriff’s sale on unsold units at Riverwalk originally scheduled last month has been postponed until April 11. Redevelopment Agency attorney Frank Regan briefed commissioners on the sale at their meeting last month.

The $5.255-million sheriff’s sale originally was scheduled Feb. 8 on the remaining 19 townhouses that went unsold and went into foreclosure in late 2009. A total of 86 units were built, with a plan to add more on an adjacent parcel that never materialized. About two dozen Riverwalk units that are owned won judgments on their tax appeals last year, seeing their assessments reduced by as much as $20,000 and their taxes by $1,000.

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