The owners of a troubled mobile home park on Clearwater-Largo Road may lose their park property.
Helene Provenzano, Andrea Trani and their companies must pay their lender $2.3 million by March 24 or No Go Largo Village mobile home park will be auctioned at the Pinellas County Courthouse, Circuit Judge Douglas Baird ruled Monday.
In August, HUDO Lending sued both women and their companies, saying they owed $1.4 million plus interest, late fees, attorneys fees and other expenses.
Both women signed for the loan as company officers in June 2006. They also signed loan guaranty agreements as individuals.
They defaulted on the loan by failing to pay a promissory note that matured last June, according to HUDO, which is managed by HuntDouglas Real Estate Services based in Tampa.
The final judgment includes $840,000 in interest. It also includes unpaid 2008 property taxes and two years of delinquent property taxes, which were paid by HUDO, reported its attorney, Michael P. Brundage of the Hill Ward and Henderson law firm in Tampa.
Delinquent taxes for the property were more than $55,000, according to Pinellas County records.
Calls to Trani, Provenzano and their attorney, Michael E. Rodriguez, were not returned. They did not attend the hearing Monday because they agreed to the judgment amount, Brundage said.
The park's problems trace back to summer 2006, shortly after the property was purchased for about $2 million.
The city of Largo cited the park at 1760 Clearwater-Largo Road for a slew of health and safety violations, including exposed electrical wiring, construction without permits and leaking sewage.
Last October, city officials shut down No Go Largo after discovering 34 residents living without running water for a week. The water was turned off because a water bill of $8,400 was unpaid.
Trani's company has been embroiled in litigation with the city since November 2006. It challenged Largo's jurisdiction to enforce code violations at the park and the condemnation of 13 mobile homes.
A circuit court judge dismissed the case in September. Trani's company appealed the case to the 2nd District Court of Appeal, which recently dismissed the case. The condemnation case is ongoing.
Besides No Go Largo, three other commercial properties owned by the women's companies are the subject of foreclosure suits in Pinellas, Hillsborough and Citrus counties. Together, other lenders say the women and their companies owe more than $1.25 million.
Meanwhile, the future of the park property is in question.
Scott Meckley, chief financial officer of HuntDouglas, said the lender is still evaluating its options. "Our focus is on getting the property back," Meckley said.
The developer of Belleair Place Apartments affordable housing project on Clearwater-Largo Road has expressed interest in the property, recently listed on a commercial real estate site for $2.8 million.
Lorri Helfand can be reached at [email protected] or 445-4155.