afitzy
Former Member
- Joined
- May 12, 2019
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The civil court case file has letters from various individuals (include the former FORE employee that is now off on his own as a real estate broker) declining to lend money to FORE based on financial issues and 'image issues' associated with JD/FO divorce and its impact on FORE financial stability.It's not that common amongst financially strong
builders but obviously the bank did not want to go over *advertiser censored* dollars at risk on that home with
FD as builder.
Banks, IMO, looked at FD w/ a bit of side eye.
Which is why he had to get help financing even
his personal home at 4JC.
People that loan money (banks) for a living and do this day in and out would be able to tell
quickly that FD was a risk taker, had grandiose
ideas, and wasn't good for the whole roll.
So instead of totally turning him down for a loan, they just approve a portion of what he was
asking for.
Reading between the lines on these letters, my GUESS is that the local folks knew the FORE business existed solely due to FIL money. When FIL passed away they realized that the situation with access to ready capital/loans had disappeared. FO paid the price IMO of not working over time to develop a track record with local lenders on conventional terms. FO chose the 'easy and cheap' over the 'right and more expensive' but also made it impossible/difficult for FORE to survive over the long term IMO.
I really wonder if FO had plans to continue on with FORE or was it really a vanity project to keep himself occupied for a period of time? Nothing going on with FORE IMO since FIL passed away has led me to believe that FO was concerned with keeping FORE as a going concern.
Wonder what the game is and whether the money he no doubt shipped off to Greece/Argentian allowed him to buy a house/resort/hotel/apt and leave the US for good? My guess is that he wanted his children/or at least 2 oldest sons with him for this departure which is why he is still here.
My sense is that GF atty's are on the right track with figuring this all out and will get there eventually. I'm not sure that will allow for retrieval of the money that FO most likely took from JD over time but it might clear the decks on the FIL funds owed.
MOO