Foreclosure lawsuit targets 53 home sites in Miami-Dade

A developer could lose 53 completed and unfinished home sites in Miami Gardens to foreclosure.

SHE 60 LLC, an affiliate of Miami Beach-based Safe Harbor Equity Management, filed a foreclosure lawsuit on Aug. 8 against Lakeside Point Inc., Miami Gardens Development Corp., and managing member Marcial Rodriguez Sanchez. It concerns a mortgage last modified by TotalBank at $6.05 million in 2013.

In June, the Miami-based bank sold the mortgage to SHE 60 LLC and provided the buyer with a $4.09 million… …read more

From:: biz journal foreclosures

Synnex shares fall as earnings outlook misses Street view

Synnex Corp. shares fell in the extended session Thursday after the business process services company’s earnings outlook fell short of Wall Street estimates. Synnex shares fell 8% after hours, following a 3.5% gain to close at $118.40 in the regular session. For the second fiscal quarter, Synnex estimates adjusted earnings of $2.25 to $2.35 a share on revenue of $4.58 billion to $4.78 billion. Analysts expect earnings of $2.41 a share on revenue of $4.75 billion. The company reported fiscal first-quarter net income of $24.4 million, or 61 cents a share, compared with $61.8 million, or $1.54 a share, in the year-ago period. Adjusted earnings were $2.14 a share. Revenue rose to $4.55 billion from $3.52 billion in the year-ago period. Analysts surveyed by FactSet had estimated $2.11 a share on revenue of $4.47 billion.

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From:: Stock Market News

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