GREY:CVHIF - Post by User
Comment by
lscfaon Sep 02, 2020 7:49pm
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Post# 31499384
RE:I just called the number.......
RE:I just called the number.......Since the rehab company got a COVID payroll loan they obviously were hurting. Maybe they couldn't make the lease payments so Ventura in turn stopped making mortgage payments to the bank even though they had the cash to do so. Mgmt may have manufactured a foreclosure situation.
brentski99 wrote: Both properties are under foreclosure as notices have recently been served. We should be digging through court filings and talking to the realtors. There has been no destruction according to the woman I talked to. Tjey are in the midst of moving. I doubt there is any equity left if they are being foreclosed. This does not look good, sorry to say.