Replies to post #86461 on APT MotoVox Group Inc. (MTVX)

[Kool Aid Man]

APT is in DEFAULT according to the commercial real estate contract with their Lender

ARTICLE FIVE--Taxes
Click to view the actual document
http://www.scribd.com/doc/215375007/opr2012E0000302-1-15-Privitera-APT-Real-Estate

Click here:
https://ascendweb.jacksongov.org/ascend/%28roekgw55ztiolmj4lldqvoql%29/search.aspx

And enter Property Account Number: 49-130-02-37-00-0-00-000

As of today Jackson County, MO shows APT owing a total of $47,019.00 in unpaid/ delinquent taxes for 2012 and 2013. They paid for 2009-2011 then stopped.

Therefore, it appears their Lender can elect to pay the taxes, regain control of the property and even evict APT.

Also, the county values the three parcels for 2014 as follows:

$1,073,017
$ 343,365
$ 343,365
TOTAL ASSESSED VALUATION= $1,073,017 (this is double the valuation of previous years)

[diannedawn]

Can you prove that they AREN'T???

I don't think there is anyway to confirm that...

I wish there was, because I heard that they are in default...
and that Covey threatened to file bankruptcy, just as he did with TAC,
and royally screw the lenders.

There are 2 lenders holding a "Deed of Trust"

http://www.scribd.com/doc/215375449/opr2012E0000303-1-21-KCMO-CDE-VIII-APT-Real-Estate
http://www.scribd.com/doc/215375007/opr2012E0000302-1-15-Privitera-APT-Real-Estate