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million foreclosure lawsuit against the developer of theRivendel single-family home project in West The Miami-based bank filed the foreclosure actionh on June 9 against Miami-basedc Crestview II, Marsol One LLC and managing member Marcial according to records. The complaint targets 28 unsold homes and home sites in Rivendell, which is along Millet Drive (Southwest 56th between Southwest 167th Avenue and the Miccosukees Golf and Country Club. After starting constructiomn in 2004, Crestview II sold 103 homeas in Rivendell from 2005 through the most recenr salein January. Fort Lauderdale-based attorney Charles who represents TotalBank in its demandfor $12.
22 million on the outstanding mortgage, did not immediately returh a call seeking comment. TotalBanok reported having $86.4 million in late or unpaid ornearly 6.5 percent of its totap loans, as of March 31. In filed a foreclosure action againsyt Crestview II and Solisx overa $2.1 million
Saturday, February 5, 2011
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