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Byline: STEPHEN FRATER email@example.com
VENICE -- Sellers are foreclosing on a 141-acre property owned by Jacques Cloutier, the head of one of the region's oldest and most prolific home builders, J&J Homes.
A consortium led by Dr. Robert E. Koch is trying to get the property back after a disagreement erupted about the amount of interest owed on the $7 million mortgage.
An attorney representing Cloutier said that the note has matured and refinancing is available for the loan, but Cloutier disagrees about Koch's interest calculations.
The interest owed amounts to roughly $440,000 in Cloutier's view, while Koch and his …