- Bahama Bay II Condominium/ Resort – Update
- Bahama Bay II Condominium/Resort – Maesbury Homes Inc.
Colonial Bank, the mortgage lender for the Bahama Bay II development, has filed a foreclosure lawsuit against Maesbury Homes, Inc., Paul Oxley, and others in Florida State Court via case number 09-CA-4801-MF, which is pending in the Circuit Court of the Ninth Judicial Circuit in and for Osceola County, Florida. On May 14, 2010, the Circuit Court Judge entered an Order appointing a receiver to take control and possession of the real and personal property that comprises the Bahama Bay II development.
Urban Thier & Federer, P.A., continues to represent an increasing number of purchasers in the Bahama Bay II development and is actively filing lawsuits against Maesbury Homes, Inc. As set forth in the “Bahama Bay II July 2010 Update” email sent to purchasers by Maesbury Homes Inc., it appears that there will be no new construction activity in the Bahama Bay II development and that Colonial Bank and/or Maesbury Homes, Inc., will simply finish the existing buildings and then seek to have purchasers close on the units.
We encourage all purchasers to interview any attorney that they may be contemplating to retain and to ask that attorney for their experience, record in this area of the law, number of cases taken to final judgment, number of cases affirmed on appeal, number of attorneys in the firm, firm staff, resources, etc. We sincerely believe that purchasers should not retain an attorney or law firm until they are confident that 1) the law firm has the experience and resources to represent their best interest and 2) they fully understand the law firm’s litigation strategy.
The Florida Bar, which regulates all attorneys who are licensed to practice law in the State of Florida, provides strict guidelines which prohibit us from referring to past successes or results obtained for other purchasers in this or other developments. However, we can provide you with this and other information in response to any inquiry. Accordingly, we encourage you to contact us via the “Contact Us” page and we will promptly respond with additional information.
With attorneys in Orlando, Florida, and Munich, Germany, Urban Thier & Federer P.A. continues to assist buyers throughout the United States and European Union countries who are seeking to terminate their pre-construction purchase agreements. Most cases can be handled on a contingency fee basis (client is responsible for costs).
We encourage you to explore our website – www.urbanthier.com to learn more about Urban Thier & Federer, P.A. their attorneys and practice areas. Urban Thier & Federer, P.A.’s representation of buyers includes litigation of cases in state court, federal court and arbitration proceedings. We encourage you to become informed of your rights and options. You should also ensure that any law firm you consult or retain to represent you has the experience, resources and ability to take your case through trial and appellate courts, if necessary.
Please note that Urban Thier & Federer P.A. does not represent you and cannot take any action on your behalf unless and until you enter into a formal written Legal Representation Agreement.
by John L. Urban, Shareholder