Monday, September 24, 2007

Gerber Groves Foreclosed

$5,200,00 Owed On Land But Not Paid

LABELLE, FL. -- The Hendry Circuit Court has issued a final judgment against large grove lands owner LaBelle One, Inc., a dissolved corporation owned by Larry Morris of Boca Raton. According to Judge Bruce Kyle, $5.2 million is owed to Chapman LLC and Adrian R. Chapman as trustee of the Chapman Palm Beach Groves.

The Gerber Groves acreage off Sears Road, south of the city of LaBelle, is scheduled to be sold at public auction October 10 at the Hendry county courthouse because of LaBelle One's failure to pay interest due on two mortgages against the land.

In Other Court Actions

Judge Kyle found in favor of plaintiff United Rentals, Inc., a North Carolina Corporation, against defendant Dennis Perkins of LaBelle, doing business as Perkins Construction. In a multi-count suit against Perkins, the judge found him owing United $140,703 and issued a Final Judgment against Perkins on September 17.

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