Florida buyer's condo unfinished after $1.65m deposit; $418m foreclosure suit
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Nilesh Undavia and other buyers are struggling to receive their deposits for unfinished luxury condos in Boca Raton. The Mandarin Oriental Residences project has faced significant construction delays, impacting buyers' financial investments. A $417.7 million foreclosure lawsuit complicates the situation for prospective homeowners seeking refunds. Penn-Florida Companies attributes delays to various challenges, including rising construction costs and supply-chain issues.
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Buyer pays $1.65 million deposit luxury condo, home remainsFlorida buyer's condo unfinishedfour years laterafter $1.65m deposit; $418m foreclosure suitSee versions and fingerprints
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- https://timesofindia.indiatimes.com/world/us/in-2022-a-florida-buyer-paid-a-1-65-million-deposit-for-a-5-5-million-luxury-condo-four-years-later-his-home-remains-unfinished-as-the-developer-faces-a-418-million-foreclosure-lawsuit/articleshow/135182775.cms
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- 25/10/2026 06:33 UTC
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- 25/10/2026 07:08 UTC
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