Metropolitan Dream Homes quick update

I just received a copy of an email sent to investors from Metropolitan Dream Homes (MDH).  Included in my post is a copy of that email:

On October 29, 2007, in the Circuit Court for Prince George ’s County, Judge Smith ordered that the Motion for Freeze of the Assets of POS DH, LLC, Metropolitan Grapevine, LLC and Andrew H Williams, JR is granted and that Invotex, Inc. is appointed temporary receiver until further order of this court. You can go to the following website for more details: http://www.pos-receiver.com.

I have been advised that an appeal on behalf of the defendants was submitted on October 30, 2007. All partners should expect an e-mail notification shortly. The company attorneys are reviewing proposed plans to reconcile all outstanding partner issues and subsequent individual partner meetings (one-on-one) shall be scheduled.

All individuals who do not desire to wait on the ‘proposed plan’ and rather instead take action to file claims against the defendants should send by mail ‘proof of claim’ directly to the Receiver.

There will be a status report at this court on November 30, 2007 at 9:00 am.

As always, I’ll post more as it becomes available.