The 23-story Sheraton Billings (Montana) Hotel built in the 1970s is in receivership and facing a foreclosure sale. The Northern Hotel in Billings is also slated for a sheriff’s sale May 25 for back property and lodging taxes.
Foreclosure proceedings began on the Sheraton in March 2005 after the owners, Larken Inc. of Iowa [...]
source: Sheraton Billings in Foreclosure
The 26,000-square-foot, 25-room luxury Inn at Whittier (Alaska) faces a May 2nd foreclosure sale to cover a defaulted $1.7 million loan. With a $4.9 million appraised value, the hotel, restaurant and bar could present an opportunity for a preforeclosure purchase for an investor with swing financing available.
Loan holder First National Bank Alaska has issued a [...]
source: Alaska Inn Facing Foreclosure
The 27-hole Rose Hill Golf Club in the Bluffton-Hilton Head area of Beaufort County, South Carolina, is facing receivership and foreclosure.
Carolina First Bank states in court documents that the club’s owners, Dallas-based PBBM Rose Hill Limited Partnership, has failed to make payments on a loan for the property it bought in 2002 from RHCC [...]
The Yukon’s Inconnue Lodge is facing foreclosure on a government loan in excess of $400,000. Claims related to an unsecured loan held by the Yukon government come to $188,000.
Guests pay over $1,000 a day to visit Inconnu Lodge, but Lefave has failed or refused to make a single payment on two government loans that [...]
The New York-based Fortress Investments Group is preparing to foreclose on assets owned by Michael Jackson, including the Neverland Ranch and his share of the Beatles music catalogue, to satisfy $270 million in defaulted notes purchased last year from Bank of America. The Neverland Ranch is a 2,700 acre ranch, home and amusement park [...]
The former Westfield, Massachusetts Courthouse is scheduled for an auction by its bondholders at 1 PM Thursday, but a city tax bill of over $118,000 could delay the sale.
The owners of the property, Schoolhouse Associates of Westfield, based in Farmington, Conn., owed the city $118,357.51 in back taxes as of yesterday, and a new [...]
Two Atlanta, Georgia area churches are facing foreclosure by Sun Trust Bank January 3 for default on over $6 million in notes.
The Rev. Wiley Jackson Jr., pastor of Gospel Tabernacle, is in danger of losing church property on Rockbridge Road in Stone Mountain and on Clifton Street in southeast Atlanta. The properties are [...]
source: Two Atlanta Area Churches Under the Gavel for $6.25 million
One of Spencer, Iowa’s oldest and tallest buildings, called simply “The Hotel” is the subject of a foreclosure proceeding. The foreclosure is hotly contested amid charges of fraud and conspiracy from both parties, a local judge has recused herself and no date has been set.
The filing cites delinquency on a $575,000 promissory note [...]
The Harriet Bradford Inn sold at foreclosure auction Wednesday for $800,000. Two additional lots sold for $25,000. The purchaser, Center Development Corp., has already received approval from the Zoning Board of Review and preliminary approvals from the Planning Board and the Historic District Commission for its proposal to develop a mixture of luxury condominiums [...]
source: Bristol, Rhode Island Inn Sells for Condo Redevelopment at Foreclosure Auction
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