MISC Update FYI:

Waterstone Resort Realty, LLC HAD 4 condos at Nautilus Cove Condo in PCB. These have been foreclosed on by Compass Bank of Birmingham, AL, the tenants evicted and they are on the market. Compass is now suing Waterstone for the considerable $ they lost in dealing with Waterstone.

This firm has Alan O'Neal as the sole remaining Managing Member, Ben Edwards and 'Chad' Gilliland had themselves removed from the State Corp. listing. You might recall that this LLC changed its name to NCPCB Investments, LLC.

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Waterstone Sucks!

Got some comments or complaints about the various Waterstone LLC's? Post on the Waterstone Sucks 'Message Forum' at:
http://pub19.bravenet.com/forum/static/show.php?usernum=1625886802&frmid=3381&msgid=0

Waterstone LLC's spend a lot of time in various courts:

On 8/13 the 3rd of the 4 Waterstone condos in the 7 building was foreclosed (with a summary judgment of $167,517) and will be sold at the Courthouse at 11 am on 9/10/09. The last of the 4 (#716) has a final hearing on 8/26.

You may recall that on July 15, Compass Bank of Birmingham, Al received a 'Summary Judgment in Foreclosure' for the Waterstone condo #710 in the amount of $167,088. This unit is to be sold at Public Sale at 11 a.m. Aug 18th at the Bay County Courthouse.
On July 29th Compass Bank received another Judgement, this time for the Waterstone condo #712 for $167,517 and it will be sold at Public Sale at 11 a.m. on Aug 31st.

Waterstone currently owe $8,400 in past quarterly assessments to the condo.
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As you can see from the above Waterstone gets into a load of legal problems.

There are about 13 LLC's managed by the same group of people (O'Neal, Edwards, Gilliland) and 8-9 have Waterstone in their titles.

Here is yet another court case involving this same group:

5:09-cv-00277-RS-MD - BALLARD v. WATERSTONE RESORTS LLC - Date filed: 08/12/2009

Mark Ballard, a white male, senior maintenance worker for Waterstone Resorts, LLC of Destin, filed a civil action in Bay County Court on June 16, 2008, it was removed to Federal Court (Case No 09-277) on Aug 12th on Waterstone's application.

Ballard says in part that while in the employment of Waterstone he injured his back both in Feburary and March 2008, reported it, filed for Workman's Compensation and that he was subsequently fired both because he made claims for Workmans Compensation and partly due to age discrimination as he was replaced by a younger worker. An initial claim by Waterstone that he was fired 'for viewing pornography on company computers' was later replaced by the claim that his job was eliminated.

His Count 1 is for 'Age Discrimination' and Count 2 if for Violation of 440.205 "for retaliation after Plaintiff sought benefits under Chapter 440, Florida Statutes."

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Coming In October-

To stores on the Beach and via mail orders:
* T-Shirts
* Tote Bags
* Mugs
* Key Chains
* Post Cards
* Beach Towels
* Caps

Chose Between:
* "Waterstone Sucks!" &
* "I've Been Screwed by Waterstone!"

see also:
http://waterstoneresortsllc.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.

Double click for larger image or print out for your file.