The Beverly Carters real estate firm is in denial about $1 million in mortgage payments, and the property is “underwater” in the water, a source close to the company told News24.
The Beverly Cartering Real Estate Group is an agency for the Beverly Hills-based Beverly Hills Home Owners Association.
The Beverly Hills home owners association said in a statement that it “does not comment on any matters concerning its members and has no comment to make.”
The Beverly Hills homeowners association said the house is underwater because Beverly Cartery sold the property at a foreclosure sale last summer, and that it was bought by another firm for $2.6 million.
The house has not been on the market for more than a year.
Beverly Carter’s lawyer did not respond to requests for comment.