By Brian Bandell – Mar 17, 2010, 2:36pm EDT Updated Mar 17, 2010, 2:36pm EDT
Thirty-six units in the Shamrock Condominium conversion project in southern Miami-Dade County’s Kendall area face default.
FirstBank Florida, which is part of FirstBank Puerto Rico, filed a foreclosure lawsuit March 11 against C&R Properties at Kendall and managing member Carlos Chuman, according to Miami-Dade County Circuit Court records. 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.
Miami attorney Otto Berges, read more….