Foxborough Developer Sued for Taking Advantage of Sharon Homebuyers
Attorney General Martha Coakley says Foxborough real estate developer Michael Intoccia allegedly took $200,000 in deposits but failed to deliver homes in Bella Estates development.
BOSTON – A Foxborough real estate developer has been sued for allegedly taking more than $200,000 in advance payments for new, single-family homes in Sharon that were never provided, and refusing to return the deposits, Attorney General Martha Coakley announced in a press release Monday. The AG’s Office has obtained a temporary restraining order in Suffolk Superior Court against Michael Intoccia of Foxborough, and his companies including Bella Estates Realty Trust, MTI Realty, and Intoccia Builders Corporation, prohibiting them from accepting future deposits for new homes unless the deposits are put into escrow, Coakley said. The order also freezes assets sufficient enough to pay a possible court judgment, and requires the defendants to …
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