Wells Fargo will be the new owner of the Wind project signed by Neo in the heart of Miami. The bank won a $28.1 million foreclosure judgement against Neo Epoch 1 over the 1.8 acre site, at 24 S.W. Fourth St., along the Miami River. It was based on a $23 million mortgage pus interest [...]
The stalled Aquatania condo project along the water in Fort Lauderdale is headed to auction after its developer lost a $16 million foreclosure lawsuit. The lawsuit targeted Premier Bayshore Developers, Premier Developers III Associates and managing member Gordon Deckelbaum and it was filed by Miami-Lakes based BankUnited based on a $12.5 million mortgage. The lender [...]
The planned 17.3-acre redevelopment project in Fort Lauderdale called Riverbend, just won’t be getting off the ground. It’s facing a foreclosure lawsuit filed by Brach Banking & Trust Co against Riverbend Corporate Park of Fort Lauderdale over a mortgage, which the developer modified at $11.7 million in 2008. The developer is affiliated with Coral Springs-based [...]
DeAnn and Larry Daughety’s case will sound familiar to many troubled homeowners. The couple breathed a huge sight of relief this month when they received a court order mandating their lender sit down with them at a mediation table. Unfortunately the second letter arrived: Wells Fargo attorney proceeding with foreclosure, so they are scheduled for [...]
The ABC Bartending School in West Palm Beach had to send its students home, as its water was turned off. This is due to the January 25 foreclosure judgement against the building owner. An instructor at the the school, Mark Platte, said his class was doing a written test in the morning, so they didn’t [...]
Although Florida’s judges work on foreclosure cases at a blistering pace, the number is still shocking: there are still 350,614 homes in some state of repossession, the Office of State Courts Administration reported. The report, issued by the Administration is the second in a row since $6 million was awarded statewide to hire national judges [...]
After five years of continuous fall in home sales, there is some hope for Broward County housing market to start its recovery in 2011. Voices are hesitant to call a bottom for prices this year, mostly because of the continuous threat of foreclosures, but they say the sector is stable enough now to avoid the [...]
A $73 million luxury condo building in Miami Beach has been taken back by its lender, after a foreclosure auction. The South of Fifth project entered into foreclosure 15 months ago, as the developer couldn’t pay back the $73 million loan to iStar Financial. This is how iStar obtained a final judgement of $90.8 million [...]
Featuring in Extreme Makeover back in 2005 made their dream come true. But now it seems they are living in a nightmare. The Hastings home of Willie and Alecia Harvey will be auctioned off at the courthouse after being foreclosed. The documents tell that the Harveys took out a $81,000 mortgage in 2007 and $111,600 [...]
