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H. Peter Haveles Jr. Quoted in Palm Beach Post Articles on Legal Battle Between CityPlace and Wells Fargo

12/20/2018
H. Peter Haveles Jr. Quoted in Palm Beach Post Articles on Legal Battle Between CityPlace and Wells Fargo

H. Peter Haveles, Jr., a partner in the Trial and Dispute Resolution Practice Group of Pepper Hamilton, was quoted in the December 19, 2018 Palm Beach Post article, "CityPlace Averts Foreclosure; Legal Battle Not Over."

Wells Fargo attorney Peter Haveles insists lenders gave CityPlace notice. Since the two appraisers disagreed, a third should be hired, he said.

Prior to this, Mr. Haveles was quoted in the December 14, 2018 Palm Beach Post article, "CityPlace, Lender Feud Escalates; Judge Seeks Deal."

The value of the buildings is just one factor that determines how much CityPlace will have to pay to retire its loan. When other variables are plugged into the pay-off formula, the difference in the appraisals translates into a $10.4 million gap, said attorney Peter Haveles Jr., who represents Wells Fargo.

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Haveles disputed Weil’s claims. “There was no formal notice given, but I can’t say if there were emails,” he said.

Before next Wednesday’s mediation session, Haveles said he plans to sift through more than 40 email accounts in search of a document that will prove Wells Fargo provided notice. Still, he said, even if he fails to find an email, he believes a verbal notice was sufficient.

The Pepper Hamilton team of H. Peter Haveles, Jr.Angelo A. Stio IIIMeredith Sherman represent Berkadia, the servicer of the loan on behalf of the lender.

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