No the bank wouldn't be sued. The property would be auctioned off on the courthouse steps with a reserve price of the amount of the loan due. Which normally the bank is the only bidder. BUT IF you could get all 2300 of the TS "owners" to come up with the $14M in an account to purchase then they would become the real owners. The"owners" recourse would have ended on the court house steps.

As for SXM I never heard of the Caravanseri "owners" putting a group together of any kind till it was too late. And as for what they think their legal right is the Judge pretty much was totally opposite of the last minute TS "owners" group. He ordered them to pay for Algerias legal fees.

SXM??? Wendell

SXM??? Wendell