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What's the deal with the Watersound Condo's Lawsuits?
- Thread starter AAbsolute
- Start date
Smiling JOe
SoWal Expert
If heard of some possible issues, but I had not heard of the suit.
AAbsolute
Banned
I know they were only recently converted from Flying Freeholders to Condominiums, but I don't know what that would have to do with any of this. It looks like the Defendants are any entity who has an interest in the units. It's looks like it's all the condo's at Compass Point and Crossings. ????
Not sure if this has any relevance. But I do know that the "conversion" has not yet been finalized because of some owners not signing on yet. And apparently most lenders will not do mortgages on the Flying Freehold properties after all the mortgage mess.
As of mid-August, the conversion had not been recorded by the county yet because they were waiting on signatures. People in the know said that they expected to have it all "cleared up by October." This is what I was told.
But I'm still not saying this is what the lawsuit is about. I have no idea about that.
On SJ's suggestion, I called the clerk of courts office. Talked to a nice lady there. She found a lawsuit filed on 9/10 related to Compass Point. She said the filing was over a hundred pages long "because of all the exhibits." But what she could get out of it was that it has something to do with "common areas" and was related in some way to the conversion from the Flying Freehold to Condo. She said it was too long to read over the phone and was not on the internet, but I could order it for a fee. I declined.
She suggested I contact the plaintiff attorney, Gary Shipman, to get more details. So I called his office and spoke to his assistant, Charlotte. She said that Mr. Shipman was out of the office until Monday, and he would have to answer any questions in the matter.
Sorry I could not get more.
She suggested I contact the plaintiff attorney, Gary Shipman, to get more details. So I called his office and spoke to his assistant, Charlotte. She said that Mr. Shipman was out of the office until Monday, and he would have to answer any questions in the matter.
Sorry I could not get more.