Homebuilder John B. Kennelly is under siege on two fronts with a $38 million foreclosure judgment threatening to send his waterfront homes in Broward and Palm Beach counties to auction, plus a new foreclosure lawsuit over his Boynton Beach project.
The South Florida residential market has largely recovered from the recession and builders are scoring loans again, but Kennelly can’t seem to find buyers.
BI Boca Boynton Portfolio, an affiliate of Miami-based BridgeInvest, won a $38 million foreclosure… …read more
From:: biz journal foreclosures