8 out of 11 homes owned by Model Homes Partners LLC just got their NODs on 2/3/09. judging by the delinquency amount, looks like our LA/OC lawyers have been paying up until end of last year. which means these guys have been bleeding on 11 homes each sold around $1 million since Lennar ended its lease at end of 2005.
these guys paid 20% on all of the homes. so that’s good bye to 20% down on $11 million, and 3 years of carrying cost.
