Former Security Bank building goes into foreclosure

FRESNO, Calif.

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Bidding on the 85 year old building now known as Fresno Pacific Towers opened at $1.9-Million, but no one offered to buy the property.

The property went into foreclosure after owner Saundra King failed to come up with enough money to pay her loans. King says she put more than $18-million into the building to build residential lofts.

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