real estate fraud

Judge Approves Partial Settlement In Coconut Grove Property Dispute

In what lawsuits allege was a long-running real estate fraud in Coconut Grove. a judge just approved a settlement among parties with the most money at stake. The $33 million deal omits those who put $20 million down on homes and lots where, their lawsuits allege, the developer fraudulently delayed completion while collecting multiple deposits and obtaining loans on the same properties.

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Settlement In Works Over Multi-Million-Dollar Dispute Against Coconut Grove Property Developer

Lawsuits claim Send Enterprises, the company run by Douglas Cox and Nicole Pearl, intentionally strung buyers along for years, leaving their properties unfinished as they collected multiple deposits for the same parcel. At this time, it’s unclear how much of the down payments will be returned to the would-be buyers. The settlement proposal is set for a hearing before a Miami-Dade Circuit Judge.

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‘King Of Coconut Grove’ Is Broke, Judge Says. A Dozen Of His Lots Will Be Auctioned

A Miami-Dade Circuit Court Judge just approved the bulk sale of one dozen choice, lush lots in the highly desirable real estate market of Coconut Grove. The auction is being held to raise money to help pay back $85 million that buyers, investors and lenders claim they are owed by developer Doug Cox.

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Disputed Lots Never Developed By ‘King of Coconut Grove’ Are Likely Headed For Auction

According to court records, a court-appointed receiver wants to auction off a dozen prime lots in Coconut Grove. Eight of the lots are still under contract to buyers, some of whom have waited years for their houses to be built as completion dates came and went and nothing happened on the properties.

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‘King of Coconut Grove’ Faces Foreclosure. His Buyers Could Lose Their Homes

A lender is foreclosing on the Coconut Grove properties of developer Doug Cox demanding to take control of two dozen ready-to-move-in houses and prime vacant lots because of his failure to repay a $43 million debt. But the buyers just got a lifeline when Miami-Dade Circuit Court judge appointed a receiver to oversee a tangled web of lawsuits, purchase contracts and fraud accusations centered on Cox.

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They Bought Their Dream Homes From The ‘King of Coconut Grove.’ They Still Can’t Move In

Instead of “For Sale” signs, house hunters see “No Trespassing” notices posted along the street and “Do Not Enter” decals stuck to the front doors, a curious contrast in Coconut Grove, one of the most hotly desired neighborhoods in the country. CLICK ON THE HEADLINE FOR MORE

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