Cal-Bay International Inc (CBYI)

[mordicai]

Anyone know whether today's foreclosure of the charlotte county property resulted in a deficiency judgment (i.e. loan balance less successful bid price)? If so, expect the mortgage company to collect the deficiency in the near future by forcing a court house step sale of the alucia (sp) county, florida home which cal bay owns. Pawson touted it to be worth over $400,000. There is a $250,000 mortgage against the property, but that could be a sham to throw the charlotte county mortgage holder off course.
Hopefully, they go after Pawson on his individual guaranty of the charlotte loan. People there is nothing left. All you can hope for is that one day you meet up with this pathetic axxhole in a dark alley . Cbay has been in a crash and burn mode for many months. JMHO. Oh and imho Belinda is not Pawson....but the broker Pawson goes through to dillute.