Real estate wrangle snares homeowners
Asset freeze halts construction
To understand the impact of real estate investor Solomon Dwek’s multimillion-dollar financial troubles, look no further than Sam and Terry Nowell.
The Ocean Township couple thought they had a solid deal to sell their Monmouth Road home to Dwek. Less than a week after they put it on the market for $569,000, Dwek, 33, made a cash offer, sight unseen, for the property.
The Nowells then contracted to buy another house in the township, and that home’s owners then bought another house out of state.
Then the domino effect set in.