Aquatera

Re: Aquatera land for sale?

I thought flipping was illegal?

???????

Flipping is not illegal. It becomes illegal when buyers, brokers, appraisers, etc. conspire to defraud.

Flipping is not illegal. It becomes illegal when buyers, brokers, appraisers, etc. conspire to defraud.

Is that what happenned here? a conspiracy to devise an artifice or scheme to defruad, using wires, signals or mails? Is the lender a federally regulated institution or undar the auspices of the executivve branch?

And won't those homeowners on Green Street love it when the house next door is now:rofl: a clubhouse for 150 Aquaterra owners?

And won't those homeowners on Green Street love it when the house next door is now:rofl: a clubhouse for 150 Aquaterra owners?

Seems that there might be some zoning issues here . . .

is this another Neil Husani- money pulled from the flip already spent on other deals?


Why did Johnny Earles bail so abruptly on this deal? does he know something.....

To my knowledge the project is still on. I just received another sales package from the agent that used to work for Johnny Earles and I believe that she is now with another company. The package showed that 2 lots have been reserved and there are still 9? more???? There is an office onsite and some poor soul sits there daily waiting and waiting....

To my knowledge the project is still on. I just received another sales package from the agent that used to work for Johnny Earles and I believe that she is now with another company. The package showed that 2 lots have been reserved and there are still 9? more???? There is an office onsite and some poor soul sits there daily waiting and waiting....

Give that guy a sign with an arrow and send him out into traffic to shake his money-maker! Apparently their Marketing Department isn't keeping up with the times. :roll:

Re: Aquatera stopped??

Now there is a streatch of imagination!!..is that like guilty by association? Convict me of RE puffery and broken "promises" one time and all my bullish comments become irrelevant ad infinitum?

Yep, that's pretty much it in a nutshell.... And the more money at risk, the more irrelevant the bullish comments become--especially in this market.

Re: Aquatera SCOOBY DOO WEIGHS IN

Hey there!!!

Scooby Doo called and said "RUT ROW", which is Dog Speak for "Uh Oh"

First off, correct spelling would be "Aquaterra"

Apparently, the Aquatera (sic) developer (The Zohouri Group from Miami or Atlanta, depending on who you ask...Google turns up a buncha deals in Florida with a Gerogre Rethati) is in some challenging territory as to a $200 mil. condo conversion deal in Orlando-sales stalled; the web says the securities pool sold on Wall Street had to be reevaluated "due to the repurchase of the Zohouri Portfolio (13.2%), the third-largest loan in the transaction. Lehman Brothers Inc., the depositor, has discovered a material breach in the loan and is exercising its option to buy back the loan." So Lehman has to lay out $130 mil to buy back the loan? That is a LOT OF JACK when you thought the deal was done

Anyone on this board have any expertise in structured finance? Bumpkin girl here has asked around and got some "disaster of Biblical proportion" opinions as to all of the affiliated developments, but what does it mean? Should I put down deposits on my 4 lots at Aquatera at $600,000 each for 40' x 70" of sand (one for a house and 3 for investment and a quick "flip" )?? OR Is it the end of Aquatera??

Also, the same developer has some lots at Cottages at Seagrove (formerly Collaberations site and a mini storage ?)..what is the plan there? Worth speculating on them?

I am inclined to put the cash in a T Bill instead of lots

Lots are flipping quickly?

Re: Aquatera SCOOBY DOO WEIGHS IN

Hey there!!!

Scooby Doo called and said "RUT ROW", which is Dog Speak for "Uh Oh"

First off, correct spelling would be "Aquaterra"

Apparently, the Aquatera (sic) developer (The Zohouri Group from Miami or Atlanta, depending on who you ask...Google turns up a buncha deals in Florida with a Gerogre Rethati) is in some challenging territory as to a $200 mil. condo conversion deal in Orlando-sales stalled; the web says the securities pool sold on Wall Street had to be reevaluated "due to the repurchase of the Zohouri Portfolio (13.2%), the third-largest loan in the transaction. Lehman Brothers Inc., the depositor, has discovered a material breach in the loan and is exercising its option to buy back the loan." So Lehman has to lay out $130 mil to buy back the loan? That is a LOT OF JACK when you thought the deal was done

Anyone on this board have any expertise in structured finance? Bumpkin girl here has asked around and got some "disaster of Biblical proportion" opinions as to all of the affiliated developments, but what does it mean? Should I put down deposits on my 4 lots at Aquatera at $600,000 each for 40' x 70" of sand (one for a house and 3 for investment and a quick "flip" )?? OR Is it the end of Aquatera??

Also, the same developer has some lots at Cottages at Seagrove (formerly Collaberations site and a mini storage ?)..what is the plan there? Worth speculating on them?

I am inclined to put the cash in a T Bill instead of lots

Are you trying to say that a made up word is mispelled?



Can you tell us who you are and how you are connected to the development and/or people you are posting about? Or, if not, maybe something about your interest?

Re: Aquatera SCOOBY DOO WEIGHS IN

looking to buy lots for investment

The Jack Lemmon character in Glengarry Glen Ross was named Shelley.

Coincidence? :shock:

Put that commission check down !!! Commission checks are for closers .

The Jack Lemmon character in Glengarry Glen Ross was named Shelley.

Coincidence? :shock:

Awesome movie!....Lemmon, Spacey, Arkin, & Pacino at their best!

this property is not going to be developed as currently planned, due to inability to secure development financing

this property is not going to be developed as currently planned, due to inability to secure development financing

I hope it's not going be "Vinyl Village"

Does that mean ANOTHER introduction party?? :clap_1:

This time it will be held at the PCB VFW, menu will be Ritz Crackers w/aerosal cheese spray and music provided by an
8-track "The Best of Tony Orlando and Dawn." See ya there!

Re: Aquatera Fraud Investigation Heats Up- FBI, FDIC, IRS, OCC In SoWal

"St. Steven will remain, all he lost he shall regain; wrap the babe in scarlet colors call it your own; sunshine lost in the wind and the rain"


Probably not here

"

Does that mean ANOTHER introduction party?? :clap_1:

This time it will be held at the PCB VFW, menu will be Ritz Crackers w/aerosal cheese spray and music provided by an
8-track "The Best of Tony Orlando and Dawn." See ya there!

Apparently the Feds (G-Men) are all over this deal and many others involving this developer. Questioning many in SoWal; subpoenas to appraiserS, ATtorneys, brokers, etc. The reaping time is here. NOTHING LIKE REGRET TO REMIND YOU ARE ALIVE

Shelly; the next party will be like that episode in the Soprano's where Johnny Sac (romoni) pleads to a 10 year sentence and someone gets his wife's (fat Jenny's) house for a steal; the Vietnamese dude gets Aquatera

don't ask questions, ACT; Sheeple rise up!!!!

Re: Aquatera Fraud Investigation Heats Up- FBI, FDIC, IRS, OCC In SoWal

"St. Steven will remain, ...... gets his wife's (fat Jenny's) house for a steal; the Vietnamese dude gets Aquatera

don't ask questions, ACT; Sheeple rise up!!!!

WHAT???

Re: Aquatera Fraud Investigation Heats Up- FBI, FDIC, IRS, OCC In SoWal

"St. Steven will remain . . . .someone gets his wife's (fat Jenny's) house for a steal; the Vietnamese dude gets Aquatera

don't ask questions, ACT; Sheeple rise up!!!!

This is very cryptic. It seems your posts have been leading up to this and either know something you are trying to pass on or you are just making it up. Maybe you got burned? Post facts or at least something more sensible.

Re: Aquatera Fraud Investigation Heats Up- FBI, FDIC, IRS, OCC In SoWal

This is very cryptic. It seems your posts have been leading up to this and either know something you are trying to pass on or you are just making it up. Maybe you got burned? Post facts or at least something more sensible.

Not unusual coming from a Grateful Dead fan

Re: Aquatera Fraud Investigation Heats Up- FBI, FDIC, IRS, OCC In SoWal

Kurt: Please don't batter me- I am in an emotionally fragile state!!

SSIA!!! That is "Subject Says It All" for you newbies- SEE ABOVE

so nobody's figured it out yet??? I can't club you on the head now!!!:rofl:

18 USC 2
18 USC 1341
18 USC 1343
18 USC 1344

google the foregoing, then ask questions

ask Seller about the interviews in SoWal by the Federal B##reau of In##stigation on this deal; they blew the broker out instantly

ask Seller about the gr##d jury, the F#I, the O#C, the FD#C. google the acronyms if you need to ..SSIA!!!

Then pre-sale a buncha lots from the lonely guy in the sales trailer and see what happens!

Kurt: Please don't batter me- I am in an emotionally fragile state!!

Sorry but you're not giving us anything but innuendo, because we are in the dark. If you got burned somehow I am sorry. If you have facts feel free to post them, with links. Otherwise please drop it until the facts are known. I'm not interested in googling laws.

Re: Aquatera Fraud Investigation Heats Up- FBI, FDIC, IRS, OCC In SoWal

Kurt: Please don't batter me- I am in an emotionally fragile state!!

SSIA!!! That is "Subject Says It All" for you newbies- SEE ABOVE

so nobody's figured it out yet??? I can't club you on the head now!!!:rofl:

18 USC 2
18 USC 1341
18 USC 1343
18 USC 1344

google the foregoing, then ask questions

ask Seller about the interviews in SoWal by the Federal B##reau of In##stigation on this deal; they blew the broker out instantly

ask Seller about the gr##d jury, the F#I, the O#C, the FD#C. google the acronyms if you need to ..SSIA!!!

Then pre-sale a buncha lots from the lonely guy in the sales trailer and see what happens!

18 USC 2
(a) Whoever commits an offense against the United States or aids, abets, counsels, commands, induces or procures its commission, is punishable as a principal. (b) Whoever willfully causes an act to be done which if directly performed by him or another would be an offense against the United States, is punishable as a principal.

18 USC 1341
Whoever, having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretenses, representations, or promises, or to sell, dispose of, loan, exchange, alter, give away, distribute, supply, or furnish or procure for unlawful use any counterfeit or spurious coin, obligation, security, or other article, or anything represented to be or intimated or held out to be such counterfeit or spurious article, for the purpose of executing such scheme or artifice or attempting so to do, places in any post office or authorized depository for mail matter, any matter or thing whatever to be sent or delivered by the Postal Service, or deposits or causes to be deposited any matter or thing whatever to be sent or delivered by any private or commercial interstate carrier, or takes or receives therefrom, any such matter or thing, or knowingly causes to be delivered by mail or such carrier according to the direction thereon, or at the place at which it is directed to be delivered by the person to whom it is addressed, any such matter or thing, shall be fined under this title or imprisoned not more than 20 years, or both. If the violation affects a financial institution, such person shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.

18 USC 1343
Whoever, having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretenses, representations, or promises, transmits or causes to be transmitted by means of wire, radio, or television communication in interstate or foreign commerce, any writings, signs, signals, pictures, or sounds for the purpose of executing such scheme or artifice, shall be fined under this title or imprisoned not more than 20 years, or both. If the violation affects a financial institution, such person shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.

18 USC 1344
Whoever knowingly executes, or attempts to execute, a scheme or artifice?
(1) to defraud a financial institution; or
(2) to obtain any of the moneys, funds, credits, assets, securities, or other property owned by, or under the custody or control of, a financial institution, by means of false or fraudulent pretenses, representations, or promises;
shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.

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So please do share with us. This is very cloudy.

thank you SJ for posting what should have done in the first place. interesting to see what becomes of all this inuendo...

I like the use of the "sheeple" word though!