Seriously, I really hate these stories. Unfortunately, this reinforces my choice to work with athletes and entertainers and why I work so hard to protect them from circumstances like this.
In May, Kosar and his Boardwalk LLC lost a $2.9 million foreclosure judgment on a 36-unit apartment building to Florida Bank in Pinellas County Circuit Court. In April, Kosar and his Oakmont LLC lost a $3.3 million foreclosure judgment to Florida Bank in Hillsborough County Circuit County over a Tampa apartment building. The bank also had a foreclosure lawsuit pending in Pinellas County against Kosar and his PCV LLC.
Among Kosar’s other major unsecured creditors:
A $3.1 million personal guaranty to Key Bank National Association of Cleveland
- $3.04 million to his ex-wife Babette J. Kosar
- $725,000 in a disputed loan involving attorney Jim Ferraro of Coral Gables $1.4 million total on three claims involving the Browns
- $231,094 to the IRS
Read the full story here.