Foreclosure fight heats up: Trial could give Schecher Group nearly complete control of Miami Beach’s Sixty Sixty Resort (FL)

/ Owner - February 19, 2018

An investment company could score a major victory this week in its alleged hostile takeover of a 1990s Miami Beach condo-hotel. Miami-Dade Circuit Judge Beatrice Butchko has set a three-day trial beginning Tuesday to decide the outcome of foreclosure lawsuits the Schecher Group has brought against 35 unit owners at the Sixty Sixty Resort at 6060 Indian Creek Drive.  The trial is moving forward despite a pending chapter 11 filing by the Sixty Sixty Condominium Association in Miami federal bankruptcy court aimed at preventing the owners from losing their units for next to nothing, said association president Maria T. Velez.     Read the article……………….

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