Community Bank of Florida recovers 97% of loan on Homestead property sale

to manage the Lincoln property as of Aug. 1. described as "a wealthy Florida businessman," and his wife, Mihu, defaulted on loans in excess of $1 million. According to the suit filed by Cueto Law.

 · The combined profits of South Florida banks nearly tripled in the first quarter, although loan growth was sluggish. The 70 local banks earned a total of $87.4 million in the first quarter, up from.

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According to Kiplinger: The bank sealed its reputation as a community builder after Hurricane. 17 bps from 0.30% to 0.47% over the same period. The loan portfolio, excluding acquired and held for.

In April 1989, Community Bank of Homestead, Florida, loaned joe torcise .5 million for use in his tomato farming operations. The loan was secured by a lien on certain real property and farm equipment. It appears that Torcise never made any payments on the loan.

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But a week later, after they had finally arranged a short sale of the other rental home they owned in the same community. leverage money out of either the bank that now owns the property or the.

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Recent Case Decision Summaries.. could not recover attorneys’ fees upon dismissal of action by lender because only parties could claim rights under the loan documents – Florida Community Bank, N.A. (protection from creditors) applies to that portion of funds derived from sale of homestead property that (i) seller intends to.

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