THE SOUTH FLORIDA BUSINESS JOURNAL REPORTS THAT THE CHABAD OF BOYNTON WAS HIT WITH A FORECLOSURE ACTION..
THE SUIT FILED IN PALM BEACH COUNTY CIRCUIT COURT INVOLVES A 3.8 MILLION DOLLAR MORTGAGE ISSUED IN 2007 FOR A 13,038 SQ FT. WORSHIP CENTER ON 2.4 ACRES.
THEY ALSO OWN AN ADJACENT 2.4 ACRE VACANT SITE FOR WHICH THEY PAID 2.3 MILLION IN 2007.
ACCORDING TO THE PAPER THIS IS THE FOURTH MEMBER OF THE MOVEMENT HIT BY FORECLOSURE IN S. FLORIDA THIS YEAR.
