http://www.psdesigning.com/archive/september/underwater_galaxy.html
million foreclosure judgment against the owner of the Village at WestMiamij Condominium. Developer Fountain Star Investment Group of Miam owns 21 units in the building at5984 S.W. 8th St. (Tamiam i Trail) in West Miami. Only five unit were sold. filed a foreclosure lawsuit against the developer in 2008 overa $3.5 milliob delinquent mortgage. While the case was the bank sold the mortgageto Tampa-based CRP II-Fountain That company is managed by Community Reinvestment Partners II, a distressed real estats fund started by Forge Capital Partnerse and DeBartolo Development, both of The Web site for CRP II said it has raisedc more than $85 million from including Regions Bank.
An officia at Forge Capital didn’t immediately returnb a call seeking comment. The public auction of the 21 unit s in the Village at West Miamij is setfor Nov. 13 at 11 a.m. at the Miami-Daded County Courthouse. However, CRP II-Fountain Star likely will have the inside trac k to acquire the property because it holdwsthe judgment.
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