Mortgagee Demands Sandy Payout Issued To Loan Recipient
In a July 2 complaint in Middlesex County Superior Court, Philadelphia-based RAIT Partnership LP claims Hudson had an obligation to name it as the payee on any insurance payments related to the Route 18 property.
The $907,650 in insurance proceeds intended to cover “significant” damage from the Oct. 29 hurricane instead ended up with...
Already a subscriber? Click here to login