Bank of America Plaza, the tallest building in metro Atlanta, is going on the auction block Tuesday.

The 55-story, 1,023-foot building will be sold on the steps of the Fulton County Courthouse after landlord BentleyForbes missed mortgage payments.

The California-based commercial real estate investment firm bought the tower at the height of the real estate boom for an Atlanta-record $436 million. It has been working to avoid default.

The main $363 million loan on the tower went to a special servicer LNR Partners in February, while a second loan had been in default for nonpayment.

The foreclosure of Bank of America Plaza comes as delinquency rates for commercial mortgage backed securities, or CMBS, a type of loan for commercial properties, reached an all-time high in metro Atlanta in December, according to Trepp, a real estate research firm.

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I've always wonder who forecloses on the foreclosure people.