Brooklyn developer Eli Karp scored a temporary reprieve after a judge vacated a $15 million personal guarantee tied to a troubled East Flatbush property. The ruling stems from a foreclosure case involving 271 Lenox Road, the East Flatbush rental property Karp lost in 2024 to the lender, an affiliate of Greystone. A judge last week granted Karp’s motion to vacate a judgment over the guarantee after Karp argued that his former attorney, Leo Jacobs, failed to contest it without his knowledge. Karp said that Jacobs allegedly failed to file opposition papers despite being paid between $25,000 and $50,000 to fight […]

This article originally appeared on The Real Deal. Click here to read the full story.