Families displaced from Terra Lake Heights may have legal options after the complex’s foreclosure and bankruptcy. Here’s what experts say they should know.
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Displaced Terra Lake Heights residents may have legal options after bankruptcy, experts say
Residents forced out of a Tallahassee apartment complex are navigating a financial and legal maze after a foreclosure, a bankruptcy, and an evacuation order all collided.
A $16 million loan on the Terra Lake Heights property came due in 2024. By fall of that year, the property was in foreclosure, and months later, control shifted away from the original owner…