AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Builder faces $7M foreclosure; Owner of J&J Homes is in an interest rate dispute over a mortgage on Venice acreage.(BUSINESS)
Byline: STEPHEN FRATER stephen.frater@heraldtribune.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 …
-
- A builder's problems ... and their ripples.
-
Newspaper article from: Sarasota Herald Tribune
January 29, 2010
700+ words
-
- CHARLOTTE COUNTY PROPERTY TRANSFERS.(SUNDAY REAL ESTATE)
-
Newspaper article from: Sarasota Herald Tribune
September 12, 2004
700+ words
-
- CAMPAIGN DONATIONS.(LOCAL/STATE)
-
Newspaper article from: Sarasota Herald Tribune
August 19, 1996
700+ words
