Veranda Park Condos, MetroWest Orlando
By: Jens Raduschewski
The Orlando Business Journal reports today that Veranda Park condo developer Kevin Azzouz and Fifth Third Bank have been ordered to work out an issue relating to a bankruptcy filing and foreclosure auction at the Veranda Park condo project in MetroWest.
The filing concerns multiple ventures, including the office space as well as The Residences at Veranda Park, a 157-unit residential condo building on Hiawassee Boulevard. The condos are scheduled for foreclosure on July 14 if Azzouz’s ownership entity, VP Phase III LLC, doesn’t pay $59.7 million owed to Wachovia Bank NA/Wells Fargo and Regions Bank.
My guess is that the loan won’t be repaid, so look out for foreclosed units at Veranda Park – coming soon. Contact us here at Condo Metropolis for more info.
website translation
Felicita Feliciano wrote:
Send me more information regarding the Veranda Park Condos.
thanks,
Felicita
Posted 09 Jul 2009 at 3:43 pm ¶
RONALDO CHRISTO wrote:
Hi Jens,
I want receive up dates about this case.
Tks,
Ronaldo
Posted 24 Jul 2009 at 11:53 am ¶
Jonathan Noble wrote:
PLease keep us informed.
Posted 21 Aug 2009 at 1:08 am ¶