Fannie Mae initiates foreclosure on 8 Vesta properties

In January, 2 News Oklahoma first reported on eight lawsuits against Vesta Realty and/or Mark Kulick, the owner of multiple apartment complexes across Oklahoma and surrounding states, mostly for money owed.

Now, we have learned that was just the beginning.

Since February, at least 11 new lawsuits have been filed, again, for unpaid bills and money owed. Eight of them are filed by Fannie Mae, claiming that Mark Kulick and other players have not been paying their debts for months. The loans are for apartment complexes in Tulsa, Bartlesville, Stillwater, and Oklahoma City. The principal balance on these loans totals $174,352,000…

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