Grey Oaks builder declares bankruptcy

LDG South LLC is declaring bankruptcy, sending 56 lots and 4 model homes in Grey Oaks to auction. This builder also has a model home in Mediterra and other communities in Florida. The circumstances surrounding this bankruptcy seem to be unclear, but at least one shareholder is alleging malfeasance. For more details on this situation please visit http://www.naplesnews.com/news/2010/jun/18/grey-oaks-developers-bankruptcy-sends-56-lots-four/?partner=popular.

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