For one lucky family they have run of their condo building. Why you say because they the only buyers who was able to move in to Oasis Towers.
For the Vangelakos family of Weekhawken,NJ a New York City suburb has planned to use the Ft.Myer condo as a vacation home. Most of other buyer in Oasis Tower I where the Vangelakos call their home away from home had demanded their money back or to transfer the mortgages to the newer Oasis II building.
Victor Vangelakos the family patriarch tried to make the change and get the difference to no avail. The Vangelakos lender would not make the change, said Betsy Ku Mc Coy Vice President and Corporate Counselor for Related Companies the developer of Oasis I and II.
The Vanelakos kinda like being alone the building but its creepy. The get to us the clubhouse and some of the amenities but they cant watch the huge plasma tv “We haven’t found the remote controls,” Victor said. They also hear intruders in their building especially at night. One evening there were people in the pool area of the condo “and the next day all our chairs were in the pool.”
The family want to move to Oasis II but they are having problem with Related and the Vangelakos has hired an attorney John Ewing of Ft. Lauderdale to help them to leave for the newer building.
“They have the ability to buy him out,” Ewing said. “They can resolve this in a fair way.”
However McCoy of Related blames the lender JP Morgan Chase
“His concerns have not fallen on deaf ears,”McCoy said“What he paid went to our lender, it didn’t come to us.” She also blame the fall in housing market to the troubles.
“We did not foresee, nor did anyone else foresee, the collapse of the real estate business and the concurrent collapse of the lending industry,” McCoy said. “They’re caught and we’re caught.”
The News-Press