Last nail in the Coffin?

Just in case anyone is keeping track this LLC was formerly called Waterstone Resort Realty LLC and on 9/24/10 the State of Florida shows NCPCB Investments, LLC, as "inactive and Admin Dissolution for Annual Report".

MISC Info FYI:

Waterstone Resort Realty, LLC HAD 4 condos at Nautilus Cove Condo in PCB. These have been foreclosed on by Compass Bank of Birmingham, AL, the tenants evicted and they are on the market. Compass is now suing Waterstone for the considerable $ they lost in dealing with Waterstone.

This firm has Alan O'Neal as the sole remaining Managing Member, Ben Edwards and 'Chad' Gilliland had themselves removed from the State Corp. listing. You might recall that this LLC changed its name to NCPCB Investments, LLC.

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2 New Civil Suits for Waterstone Resort Realty, LLC

2 New Civil Suits for Waterstone Resort Realty, LLC

2 more to come shortly.

For 2 years this firm owned 4 condos here at NCC, they had some basic problems paying their bills, (ie: Deadbeats), and the condos were foreclosed on by Compass Bank of Birmingham. Liens were also filed by the condo assn for 9 months of unpaid quarterly dues on each condo.

Now Compass Bank has filed the first 2 of 4 civil suits attempting to recover the money Waterstone still owes after the foreclosure.

For Details See:
http://records2.baycoclerk.com/courtcaseweb/CaseDetail.aspx?txt=waterstone+r&ps=50&m=name&s=4&caseid=2347176

http://records2.baycoclerk.com/courtcaseweb/CaseDetail.aspx?txt=waterstone+r&ps=50&m=name&s=4&caseid=2347120

Waterstone Sucks!

Got some comments or complaints about the various Waterstone LLC's? Post on the Waterstone Sucks 'Message Forum' at:
http://pub19.bravenet.com/forum/static/show.php?usernum=1625886802&frmid=3381&msgid=0

Information you might find of interest about the various Waterstone LLC’s

Local real estate entrepreneurs Alan O’Neal, Ben Edwards, Michael ‘Chad’ Gilliland and Howard Granberry have approx 20 LLC’s and DBA’s, most having Waterstone” in their titles*.

WATERSTONE RESORT REALTY, L.L.C. has now changed its name to: NCPCB INVESTMENTS, L.L.C. Ben Edwards and Chad Gilliland had their names removed from this sinking ship, leaving only Alan O’Neal as manager of the LLC. Their 4 condos at Nautilus Cove in PCB are now foreclosed and sold. The last condo going on the ‘Courthouse steps’ on 9/28/09. They leave Nautilus Cove Condominium, 13700 Panama City Beach Pky, PCB, owing approx $8,000 in unpaid Assn. dues and 4 unpaid liens to the association. Compass Bank got stuck for approx. $660,000 in dud mortgages. Waterstone was a bad neighbor and by any name will not be missed.

WATERSTONE RESORTS, L.L.C. has finally paid off the 4 Warrants/Liens for $116,000 that were filed by the State of Florida for Waterstone’s unpaid Sales and Use taxes which were not turned over to the State.

Waterstone spends a lot of time in the Bay County Courts, a few suits for debts were settled, 3 other civil cases continue, 08-5450CA is alleging Fraud and Breach of Contract with a local firm; 08-CA-2529 is going on 16 months now for improper rental of their now foreclosed N.C.C. condos, renting them for use by a labor contractor who used them as dorms to house foreign workers employeed at the local Marriott Resort; 09-123CA where they sue a blogger for posting online about how bad they are; 5:09-cv-00277-RS-MD in Federal Court they have a Discrimination & Retaliation case courtesy of a former Senior Maintenance worker Mark Ballard, who they fired after 2 injuries at work resulted in Workman’s Compensation Claims.

* the same people involved in the various "Waterstone" companies with various combinations of names.
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1) WATERSTONE REAL ESTATE, L.L.C.
DBA: Waterstone Real Estate

2) WATERSTONE REAL ESTATE OF NWFL, L.L.C.
DBA: Waterstone Real Estate

3) WATERSTONE RESIDENTIAL LEASING, L.L.C.

4) WATERSTONE RESORT GROUP, L.L.C.

5) WATERSTONE RESORT REALTY, L.L.C.
(Name changed to NCPCB INVESTMENTS, LLC)

6) WATERSTONE RESORTS, L.L.C.
DBA: Waterstone Resort, LLC

7) WATERSTONE ASSOCIATION MANAGEMENT, LLC

8) OLD GROVE HOLDINGS, L.L.C.

9) CMAFT, LLC

10) SWF Mgmt, LLC

11) Waterstone Resorts and Vacation Homes

12) Waterstone Realty, LLC
DBA: Waterstone Realty

Harris v. Nautilus Cove & Waterstone

Next Court date is set for Oct 6th

Double click for larger image or print out:

3/2 NCC Condos now available at $51,000

As you know the 4 Waterstone condos are in foreclosure, the first to be sold at the Courthouse steps is #710, and it brought only $51,000, and was sold to Compass Bank, who held the mortgage. On 4/27/07 each unit was sold to Waterstone at $164,900 with Compass Bank providing the mortgages.

This leaves a deficit of about $116,000 owed to Compass Bank, the other condos may go in the same range leaving Compass still due about $460,000 from Waterstone/NCPCB Investments. Probably Compass intends to bid on all the remaining units. Of course anyone can buy the remaing 3, if you want a bargain on them then you can go to the north steps of the Bay County Courthouse on the date specified and put in your bid. Details on the 4 NCC units can be found using the direct links below.

RE: #710
8/18/2009 CERTIFICATE OF SALE SOLD TO PLT 51,000.00
8/18/2009 PROOF OF PUBLICATION
8/18/2009 PAYMENT $70.00 RECEIPT #2009044078
8/18/2009 FORECLOSURE SALE ASSESSED $70.00

710 Sold 8/18/09
http://records2.baycoclerk.com/courtcaseweb/CaseDetail.aspx?txt=waterstone+r&ps=50&m=name&s=4&caseid=2281658

712 To be sold 8/31/09 11 a.m.
http://records2.baycoclerk.com/courtcaseweb/CaseDetail.aspx?txt=waterstone+r&ps=50&m=name&s=4&caseid=2281823

714 To be sold 9/10/09 11 a.m.
http://records2.baycoclerk.com/courtcaseweb/CaseDetail.aspx?txt=waterstone+r&ps=50&m=name&s=4&caseid=2281827

716 To be sold n/a
http://records2.baycoclerk.com/courtcaseweb/CaseDetail.aspx?txt=waterstone+r&ps=50&m=name&s=4&caseid=2281840

Waterstone currently owe $8,400 in unpaid quarterly assessments to the condo.
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