Homebuilder-Bankruptcy.com

An court order on March 6, 2009 confirmed the sale of the Shores of Panama condo development to the holder of the secured loan, Silverton Bank (successor to  Vision Bank). Silverton Bank held a claim of around $73 million.
Apparently, even though the auction was carried out “pursuant to the Procedures Order” and marketed by NorthMarq [...]

A number of entities in the Ginn corporate group filed for Chapter 7 in Dec’08. These are companies involved in 2 upscale residential and resort community projects – Tesoro in Port St Lucie, Florida, and Quail West in Naples, Florida, where they sell single-family units and condominium units.
Even though Chapter 7 proceedings generally involve fire-sale [...]

The court has just lifted the automatic stay in bankruptcy proceedings for Maryland Development Company to permit Suburban Federal Savings Bank to foreclose on 14111 and 14119 Turkey Foot Road, Darnestown, Maryland 20878.
The bank’s claim on the property consisted of a principal balance of $1,205,995.70, and accrued interest and late charges make it up to [...]