NFL Punter Among Many Who Are Out $60K+ As 21 Story Charlotte Luxury Tower Goes Into Foreclosure

In Charlotte, North Carolina, WCNC-TV reports:

• The Park [condominium tower] first started pre-selling units in 2004. By early 2008, a source close to the development confirms more than 80 units were under contract. But court documents show problems with financing led to bills not being paid, and now the main lender trying to foreclose. Where does this leave buyers? That’s a question Carolina Panther’s punter Jason Baker asked. He bought into the project last October, putting $62,500 down on a unit on the 18th floor.

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• Baker isn’t alone. WCNC has been contacted by numerous buyers, many of whom are also out more than $60,000 and fear their money is gone.

For more, see Lawsuit, foreclosures haunt Uptown condo project.

For story updates, see:

• Buyers hanging as condo project folds (The Park building goes on the block Aug. 7, and many owners fear they won't see their money),
• The Park condos headed to auction block.

For other posts on homeowners left in the lurch due to actions by builders/contractors, go here, go here, and go here. contractors stiff subs customers yelbow