- Get link
- X
- Other Apps
If you applied for a mortgage on a property (WG North), but told the bank that:
- There was an "escrow deed" that the former owner holds to get your property (WG North) back.
- The former owner can unilaterally record this "escrow deed" to get WG North back, if they does not get another property that you own (LFB site).
__________________________________________________
Question: Do you think the bank would give you a mortgage on WG North?
Answer: No way!! You do not have "clear title". At the same time, you can get bonds of almost $100,000,000 to invest taxpayer monies?
----------------------------------------------------------------------------
It appears to us, we only own this land (WG North) in name only.
Until the LFB (Left Field Building) site is conveyed to Madison, then and only then will we truly own the land (WG North).
Not a bad bargaining position Madison has put themselves in????
___________________________________________________
BREAKING: The Worcester Redevelopment Authority approved Friday morning a deal giving the city the land where the Polar Park baseball stadium is being built and where the minor league Worcester Red Sox will play in April.https://t.co/LQybFYhbiN
— Worcester Business Journal (@WBJournal) September 25, 2020
Comments