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05/24/09
Villa owners up in arms over unpaid rental revenue
Filed under: General, Real Estate
Posted by: Lillian Wong @ 2:31 pm

The company that operates the bankrupt Carefree Resort and Villas is involved in legal wrangling with villa owners, who claim they are owed hundreds of thousands of dollars in unpaid rental pool revenue, court documents show.

Carefree Mule Train Ventures, LLC filed for Chapter 11 bankruptcy in November. The company owns and operates the prominent resort surrounded by desert in the far Northeast Valley.

Marcus & Millichap, an investment real-estate brokerage firm, was hired to solicit buyers for an upcoming auction of the property.   more…


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