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re: Peir 13 shut down?

Posted on 8/11/08 at 9:14 pm to sheek

Posted by kevv824

Member since Sep 2006

2386 posts

Posted on 8/11/08 at 9:14 pm to sheek

Since that place was bought the owner didn't make one mortgage payment on that place. It was owner financed and only excuses were given no payment. The financier had enough and foreclosed on his arse.

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Posted by sheek

The Woodlands, TX

Member since Sep 2007

43895 posts

Posted on 8/11/08 at 10:00 pm to kevv824

quote:
It was owner financed and only excuses were given no payment

thats just piss poor mgt on their part. You always pay the mtg, utlities and vendors first. most of their employees were probably tipped employees or knowing him he payed them cash.

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