TotalBank sells foreclosed farmer’s market at 57% loss
TotalBank sold a foreclosed farmer’s market in North Lauderdale at a 57 percent loss to its mortgage. The Miami-based bank seized the 31,559-square-foot grocery center at 5150 N. State Road in 2010 after foreclosing on a $4.26 million mortgage that belonged to Mugnano Properties. TotalBank, through affiliate Yellow Leaf Development, recently sold the building for…