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Re: WillForeall post# 74797

Saturday, 04/29/2017 9:56:26 PM

Saturday, April 29, 2017 9:56:26 PM

Post# of 227197
Again. Just Google "naomi village resort foreclosure" and read the article.

The insurance company said the damage was even LESS than the deductible!! OUCH!! So James' wife (I'm fairly sure the owner of Red Mansion, LLC is his wife) says shes not paying the mortgage until she gets money from the insurance company. But the insurance company says that the damage was even LESS than their deductible. So they paid no mortgage for years and things were delayed in litigation.

So they got sued for the non-payment of the mortgage.

But the insurance case is a separate issue and the summary judgment this January said that!!

So what does that mean? It means the insurance case can drag out long , long after a foreclosure sale for the property as THAT case is now over. An WE lost it!

Frankly , you might know stocks but I think you and those who agree with you on this are in denial.

$NSAV