The housing collapse signed many dream’s death verdict and Semiahmoo is one of them. The horizon here once was envisioned as a 200-acre, 650-home subdivision where some dwellings would sell for as much as $2 million. Now: the all but vacant site is scheduled for an April 29 foreclosure auction to cover almost $41 million [...]
The well-known DiRimini apartment complex developer is now facing a foreclosure lawsuit as he defaulted on a $2.8 million loan given by the Louisville-based Stock Yards Bank Trust & Co. The 31-unit project at the southeast corner of Capitol Avenue and St. Clair Street has been troubled since city officials halted the work after finding [...]
Ceebraid-Signal Corporation is forced to turn its Village Club Apartments in Palm Springs, after it lost a $26.6 million judgement. The winner of the judgement is LaSalle Bank, who acts as a trustee for a commercial mortgage-backed securities fund. Village Club Apartment are affiliated with the West palm Beach-based developer, Ceebraid Corp. The lender won [...]
The former 1515 condominium on Flagler Drive in West Palm Beach, the Gulfstream Hotel in Lake Worth and the Omphoy Ocean Resort have fallen into foreclosure as the have a total of $108 in loan default. The 1515 condo owned and planned by Trinity is a modern 24 story, $150 million condo. Trinity was sued [...]
A $28.7 million mortgage payment failure to Fannie Mae lead the Remy family to a foreclosure auction where all nine contested apartment buildings owned will be sold. The decisions by various judges in Tulsa County court began coming down last month and reached the final property Executive Series Apartments. There already foreclosed properties are: Executive [...]
Belle Meade Town Center a pricey apartment development on Harding Pike will enter into foreclosure shortly. Wachovia Bank has scheduled a foreclosure sale for this property on Thursday, August 26 at the front door of the Davidson County Courthouse in Nashville, Tennessee. The project includes 54 luxury apartments and a Regions bank branch, which were [...]
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