The Real Deal Miami

SunTrust files foreclosure action on 142 Boynton Beach sites

March 28, 2010 10:08PM

Atlanta-based SunTrust filed a foreclosure action March 10 on a
property consisting of 142 incomplete home sites in Boynton Beach. New
Urban High Ridge, affiliated with New Urban Communities in Delray
Beach, and two of its managing members, were named as defendants. The
last modification of the mortgage at issue was for $21.7 million in
2007. High Ridge defaulted on the mortgage on Feb. 1, according
to the complaint. [SFBJ]