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Corporations Keyed to Hazen
Dinuro Investments, LLC v. Camacho
Citation:
141 So. 3d 731 (Fla. 2014)Facts
In 2005, Dinuro, Merici, LLC and Starmac, LLC established San Remo Homes to develop real property in Florida. Merici is controlled by Felisberto Camacho, and Starmac is controlled by Javier Macedo. Due to the declining housing market, the San Remo Entities had difficulty meeting their loan obligations and were forced to negotiate loan modifications with Ocean Bank. Macedo and Camacho collaborated through other entities controlled by them, Romac, LLC and Felma, LLC to form a new entity, SR Acquisitions, LLC. On August 9, 2011, two purchased the Notes from Ocean Bank for the full outstanding Note amount. SR Acquisitions acquired the Notes, and it subsequently pursued two foreclosure actions against the San Remo Entities to regain the property secured by the Notes. In April 2011, Dinuro initiated this action against the appellees, which include Macedo, Camacho, and all of their related entities, as well as Ocean Bank.
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