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Real Estate & Property Law

: The Home Equity Theft Reporter

Miami Lender Getting Clobbered Financing Failed Condo Conversions; Foreclosures Will Leave It Holding 500+ Unsold Units

By r morris

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In Fort Lauderdale, Florida, the South Florida Business Journal reports: A foreclosure auction has been scheduled for the 109 unsold units in the Crescent Cove condominium community in Coral Springs. Miami-based Ocean Bank won an $11.8 million foreclosure judgment against condo converter Coral Lake 260, an affiliate of Coral Gables-based BH Capital, [...]. The auction is set for Feb. 24 at 11 a.m

Full post as published by The Home Equity Theft Reporter on February 06, 2009 (boomark / email).

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