U.S. Century Bank seized a church building in Hollywood from a Spanish language congregation to resolve a two-and-a-half-year foreclosure lawsuit.
As part of the settlement, the church’s counterclaim accusing the Doral-based bank of fraudulently inducing it into mortgage to protect the interest of former U.S. Century Bank Vice Chairman Sergio Pino was withdrawn. The bank denied all the allegations in the counterclaim.
U.S. Century Bank general counsel Jay Shehadeh said the bank intends to sell… …read more
From:: biz journal foreclosures