This is a place holding blog to provide information regarding the various Waterstone LLC's in the NW Florida area.

It it not intended to provide many details regarding this specific property but is set up to inform consumers who use a search engine for this resorts name that other blogs regarding this consumer unfriendly group of companies exist so that you may check them out before dealing with them. My own experiences and court cases with them are found on some of these blogs.

A typical group of consumer comments about their HQ property is found at: http://calypsoresorttowers.blogspot.com

The Waterstone/NCPCB presence here at Nautilus Cove is soon to be ended. The 4 foreclosures against their units in the 7 Building are proceeding and unless there is a last minute bankruptcy filing the condos will soon be property of the Compass Bank in Birmingham. The below summary is for the #710 condo.

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Waterstone Resort Realty, LLC at NCC in Foreclosure for 4 Condos

Waterstone, who recently changed their LLC registered name to NCPCB Investments, LLC, is in Foreclosure for the 4 Condos they own here at Nautilus Cove, in building 7*. They had 30 year 6.625% mortgages through Compass Bank in Alabama and did not keep current on their monthly payments of $864.87.

They are also $1400 in arrears on each unit for their 2 missed quarterly association fee payments and it is expected that shortly liens will be filed on all 4 units. The principal players in this LLC are Chad Gilliland and local big time operator Mr. Alan O'Neal. Ben Edwards recently opted out of this LLC (rats = sinking ship?).

The owners civil suit against Waterstone/NCPCB continues for their prior conduct in renting out their units which were used as a dormotory for foreign workers (as is happening today with a non-Waterstone unit, #706).

* 710, 712, 714, 716

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See: http://nautiluscondosrules.blogspot.com/