Fashion Mall in Plantation is in foreclosure. Again. This is happening for the third time in five years. CanPartners Realty filed a foreclosure lawsuit against US Capital/Fashion Mall on Feb. 16, concerning a mortgage granted for $15 million in July 2010 on the 660,000 sf former mall located at 321 N. University Drive. Although the [...]
The Publix owned Whitworth Farms shopping center near Boynton Beach faces a foreclosure lawsuit. Cadence Bank filed the foreclosure lawsuit just a couple days ago on February 14 against the owner, Boynton-Whitworth Farms, along with managing member J. Dudley Parker, Dennis C. Grass, Charles F. McReynolds and John F. McReynolds, targeting the retail center located [...]
Firth Third Bank has sold a hotel it recently foreclosed on with a $7.9 million loss. The Lauderdale-by-the-Sea hotel’s title went under the bank’s ownership, when it foreclosed on VCH Properties’ $12.43 million mortgage in 2009. The original price the company paid for the purchase was $15 million. Previously the hotel was a Holiday Inn, [...]
The troubled Boynton Water project now faces foreclosure. The project owners face two separate, yet related foreclosure lawsuits target the 120 home lots in the community on the west side of South Jog Road at Lakeside Boulevard in Boynton Beach. The two lawsuits involve different amounts that triggered the process. In the largest case – [...]
The Waterside at Boynton was scheduled for foreclosure sale, but short sale saved the property from foreclosure, the South Florida Business Journal reports. According to information obtained by the newspaper, the foreclosure sale was cancelled as an affiliate of Williamstown, Massachusetts-based PFC Projects bought the townhome project in a short sale. Mercantil Commercebank, a Coral [...]
Missionary Baptist Church in Solid Rock is hoping to stop foreclosure and solve its financials after it filed for Chapter 11 bankruptcy protection on January 19. The church, which itself it is a nonprofit institution faced harsh times lately specially with its financials, and it was set to lose its 25,647 square-feet facility that sits [...]
A Sunrise shopping center will be pushed through the foreclosure pipeline by a securitized lender. WBCMT 2006-C24 Retail at 7738 LLC represents a CMBS (commercial mortgage-backed securities) trust with Miami Beach-based LNR Partners as the special servicer. The entity filed a foreclosure lawsuit last year just beforeChristmas against Infinity Lincoln Park, a Bay Harbor Island-based [...]
Stephen Ross, the owner of Miami Dolphins has managed to shut out 33% of the investors in his mortgage on CityPlace. However, he only managed to achieve that for the next 36 months, according to information provided by Trepp LLC. The firm dug up the details of the loan modification that was signed off Ross [...]
The founder and CEO of Kaufman Lynn Construction Michael Kaufman stated a couple days ago that he and his lender signed an agreement that forces him to turn over a Boca Raton office building to banks that filed foreclosure lawsuits against his company. The good news for Kaufman is that the agreement allows him to [...]
The largest Islamic school in South Florida faces foreclosure lawsuit filed by Pembroke Pines resident E.M. “Pat” Segall. The lawsuit was filed against nonprofit Islamic Foundation of South Florida, formerly known as the School of Islamic Studies of Broward, targeting the 11,831-square-feet religious school that sits on 11.5 acres. The school is located at 5455 [...]
