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My
News and Views...
Opinions by Ron Birckhead
Published
October 7, 2010
Recently I came across a
newly filed two billion dollar lawsuit.
Yes, you read that correctly...but I had to read the complaint a second
and third time to believe it. It was not something you find every day.
I showed it to the friend
that was sitting next to me most of that day. The
friend, who works for The Lakeland Ledger,
was equally surprised when reading the amount of $2 BILLION. Of
course, it appeared in The Lakeland Ledger after that. If
you have not already read it, it is about Lawrence T. Maxwell or Todd Maxwell a
central
Florida
residential and commercial property developer and banker (CenterState Bank).
One of his developments is
Deer Creek RV and Golf Resort in
Davenport,
Florida. Until just recently Maxwell
was president of Century Reality Funds (CRF) and Deer Creek, Inc. This
article is about him and a "facilitator" and begins with "Larry
says he was duped into paying this ‘facilitator’ $183,000 for a $2 billion
loan." Just click to read this
fascinating story....wonder how it ends...?
Paid $183,000.00 to a
"facilitator"... (nice work if you can get it in this economy!)
Another
day, another foreclosure hearing or receivership in this case. Bartow
Courthouse Friday morning I was there to watch the BB&T bank proceedings on
Cypress
Creek
Plaza, which is a Lawrence T Maxwell, et al, commercial shopping center. With
very competent representation by CRF, it was all over in less than 45 minutes. I
had expected to hear something about Chapter 11, but I did not hear a word about
that. In less than 45 minutes after
it began, Judge Karla Wright turned the responsibility to run
Cypress
Creek
Plaza
over to a receiver, as foreclosure proceedings were already agreed to between
the parties on what was described by the attorney "as not making a
profit."
It’s starting to feel a bit like Fall here finally. Drier
and highs in the 80s...with plenty of sunshine.
Seems like lots are things are falling. Like
housing prices in
Polk
County
.
10,747 foreclosures cases were filed in
Polk
County
in 2009.
So many foreclosures each day. To
help with the sales, a new online system that enables you to bid from your
computer was created September 21...
click
here to see the new foreclosures online site for Polk county
Today's quote worth re-quoting..."One cannot serve God and wealth."
(Matthew 6:24)
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