Kondaur Capital Corp., Orange, Calif., is the winning bidder on a 1,000 unit nonperforming mortgage portfolio auctioned off by the Department of Housing and Urban Development (HUD).

"We won the bid about a week ago," said Kondaur CEO Jon Daurio, adding that the sale is expected to close some time next week. No purchase price was disclosed, nor were other details available at press time.

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