MAR172010

$6 Million CR Properties

Attorney Cherish Thompson on behalf of FirstBank Puerto Rico filed a foreclosure lawsuit March 11 against C&R Properties at Kendall and managing member Carlos Chuman, It seeks $5.9 million outstanding from a 2007 mortgage, plus interest and fees. The lawsuit also names PNC Bank, which filed a $250,000 foreclosure lawsuit against C&R Properties in October based on a second mortgage. Both foreclosure actions target the 36 units in the Shamrock project, at 12605 S.W. 91st St. The complex has five buildings, but no sales were recorded since it obtained the FirstBank Florida mortgage.

SOURCE: South Florida Business Journal

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