Foreclosure judgments are still frequent in Florida, as the financial and housing crisis has hit hard the area. The stalled Hurricane Cave project and the site which houses the project is one of the most recent victims of the housing crisis. The site which sits along the Miami River is scheduled to be sold at [...]
The majority of the office condominium units in the Town Center One building in the heart of Miami have been targeted for foreclosure. A group of lenders, represented by Wells Fargo filed a foreclosure lawsuit 12 days ago against Dadeland Parcel C LLC, Miami-based Dayco Properties and CEO Franco D’Agostino. The lawsuit documents say the [...]
It looks like real life hit hard the film production business. Five Star Productions’ Boca Raton film studio slipped into foreclosure as it was seized by its lender. 1st United Bank from Boca Raton filed a foreclosure lawsuit against 6001 Commerce Park LLC, Five Star Productions and founder Scott J. Wooley on November 11. The [...]
Lennar Corp’s affiliate, Rialto Partners has filed a foreclosure lawsuit against the Miami Lakes Business Center. The lawsuit was filed Nov. 2 against Miami Lakes Associates and Keystone Property Fund II, part of the Pennsylvania-based Keystone Corp The foreclosure lawsuit concerns a mortgage last modified at $17.7 million by Regions Bank, the servicer which sold [...]
A waterfront site in Miami Beach was purchased by a Canadian investor at a 42% discount from Bank of America. The 1.1-acre site located at 6800 Indian Creek Drive, was seized a year ago by Bank of America, as the former owner Atlantic Sunset Bay failed to bring its $6.5 million mortgage payments current. In [...]
One of the biggest general contractors in the area, Kaufman Lynn Construction is one step away to close its Boca-Raton headquarter to foreclosure. The entity faces a foreclosure lawsuit filed by the co-lenders, First Southern Bank from Boca-Raton and American National Bank from Oakland Par. The suit was filed Oct. 25 against Lynn Kaufman Development, [...]
Two Fort Lauderdale residential projects now belong to a Champaign, Ill.-based investment group, entity which purchased them through deeds in lieu of foreclosure. Bank of America filed a foreclosure lawsuit against Bentley Investment Fund II, an affiliate of Boca Raton-based Bentley Realty Group, a year ago, concerning a $7.3 million mortgage. The foreclosure lawsuit targeted [...]
The Marina Mile stretch of Dania Beach couldn’t avoid foreclosures. Recently an office building received a foreclosure notice. Its lender, Regions Bank filed a foreclosure lawsuit on Oct. 28 against Trivium Park at Marina Mile LLC. concerning a $4.7 million mortgage last modified in 2010, which matured on Oct. 5. The target of the lawsuit [...]
BankAtlantic, the Fort Lauderdale-based bank recently filed two foreclosure lawsuits against Daniel Catalfumo, over Palm Beach Gardens sites. The lawsuits come after the lender won a $40.9 million judgment against Catalfumo personally, over $27.5 million in loans the developer guaranteed for property holding companies PGA Flyover Corporate Park and PGA Transportation Oriented Development. After the [...]
