METRO DREAM HOMES- Scope of Receivership is expanded
January 13, 2008 by Admin · Leave a Comment
Just as a quick update to the Metropolitan Dream Homes situation, California has granted a receivership order for and Invotex representative to take control of California based assets of Metropolitan Grapevine and related companies.
The order came at the end of December (December 21st), which leads me to ask this:
Just how deeply buried is the truth when it comes to this case? If Invotex took receivership of Maryland and Virginia Assets in mid-November, why has it taken so long to do the same in California? Even before assets were frozen by the Attorney General, it was common knowledge that they were operating in CA, so I can only assume that this is because there has been some difficulty in establishing evidence of assets on the west coast.
Is there anyone out there who has more insight on the situation? I know Invotex has their hands full here, but what’s really going on?
