The Real Deal Miami

Two Foreclosures by Ocean Bank

October 02, 2009 02:05PM

Two sites in Homestead and Boynton Beach will see new owners before they ever get a single house built, following foreclosures by lender Ocean Bank. The Miami lender will auction a 19-acre building site on the south side of Campbell Drive in Homestead on Dec. 2. It also foreclosed on a five-acre site owned by Miami-based Lyons Estates at Boynton Beach and guarantors Jose Paredes and Armando Rivero. A day after the foreclosures were announced, Ocean Bank also announced that it will lay off 78 of its own employees.