This was the week that the Legacy Condo Building was to go on the block. In order to prevent this it looked like Mr. Barber put his company in Chapter 7 Bankruptcy. The bank (Legacy of Springdale) is not going to give up. It seem, from what I read in the paper, that when the company on the note files for relief in Bankruptcy the bank can then go after the people who co-signed. It might be that Mr. Barber out smarted him self in that now the bank can go after the real money behind the whole Barber Enterprises, the daughter of John Ed Chambers of Chambers Bank. The Legacy Bank may even find a trail to Uncle Jerry Jones of Dallas Cawboy fame. It will be interesting to watch.
TOUCHSTONE REAL ESTATE - The Villages, FL
REALTOR® The Villages, Florida
Good morning Chad! Hey you might want to add your signature and title to each blog, it helps your Google ranking.
Aug 25, 2008 12:46 AM
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A view of Real Estate Activity in NWA. Comments on market trends. Up dates on Real Estate Law & regulations. Some times Rumor and Gossip. Alerts on Legislation effecting Real Estate.
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