make WWAY your homepage  Become a fan on facebook  Follow us on twitter  Receive RSS Newsfeeds  MEMBERS: Register | Login

Troubleshooters: Update on Mark Saunders and Coastal Companies

READ MORE:
house300.jpg
In tonight's Troubleshooters report, we have an update on a story we have been covering for the better part of a year now. More than 200 individual property owners are now suing local developer Mark Saunders. Saunders is president of the Coastal Companies, which is behind a number of major developments in Brunswick County. Wilmington attorneys Sarah Reamer and Wes Hodges are representing the property owners from Ocean Ridge, Ocean Isle Palms, Sea Watch, and Rivers Edge. The lawsuit started with 2 property owners back in February, and has now snowballed to include disgruntled customers from all over the country. The attorneys claim that Mr. Saunders orchestrated a scheme to artificially inflate the value of his properties, generating hundreds of millions of dollars in profits for Saunders and his co-defendants at the expense of the plaintiffs. Many of the property owners have been unable to build their homes because infrastructures, like roads and sewer, have not been installed. Attorneys hope to take this to court in the next month or two.

Disclaimer: Comments posted on this, or any story are opinions of those people posting them, and not the views or opinions of WWAY NewsChannel 3, its management or employees. You can view our comment policy here.

»

Reply

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

More information about formatting options

To prevent automated spam submissions leave this field empty.
CAPTCHA
Please re-enter the code shown in the image below.