Home Business Donald Trump’s Miami Partner Caught In Foreclosure!

Donald Trump’s Miami Partner Caught In Foreclosure!

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Miami developer Michale Dezer gave Donald Trump’s presidential campaign $100,000, but he doesn’t have $200,000 to pay off a mortgage! (via Facebook)

Man-about-town Michael Dezer, one of President Donald Trump’s most trusted South Florida business partners, has developed hundreds of millions in beachfront real estate over the past decade.

Yet, the 76-year-old multi-millionaire car collector is stuck in a two-year lawsuit over the foreclosure of a dirt-cheap, 600-square-foot condo he co-owns with other investors in a building named after Trump.

That condo on the 17th floor of Trump International Beach Resort at 18001 Collins Ave. in Sunny Isles Beach is currently worth a grand total of $259,000, according to Miami-Dade County appraisers.

If you believe a lawsuit that’s expected to go to a trial later this summer, Miami Auto Museum owner Dezer as well as investors Alfredo and Olga Aguayo quit making good on the monthly payments to mortgage company Wilmington Trust in March 2010.

Jose Lambiet, GossipExtra.com, excerpt posted on SouthFloridaReporter.com, July 29, 2017

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Jose Lambiet, founder, writer, producer and occasional ad sales rep for GossipExtra. A veteran journalist. Jose has worked for the Sun-Sentinel and The Palm Beach Post. And now writes a column, coincidentally called Gossip Extra, in The Miami Herald. The information and facts are those gathered by Jose.