By Giles Morris Daily News Staff The Lac du Flambeau tribe and Big River Enterprises LLC, partners in the Grand Soleil Hotel and Casino project in Natchez, Miss., dodged a bullet yesterday. The partnership agreed to confidential terms with Britton & Koontz Bank over their default on a $3.7 million short-term loan that had prompted the bank to file foreclosure proceedings on Grand Soleil’s three
It’s a bad sign when a new home that cost more than $10 million to build fails to attract even a single bidder at a foreclosure auction. Yet that’s what happened Feb. 13 when Chevy Chase Bank put a 15-bedroom, 17-bathroom Encinitas property on the block with an opening bid of $2.275 million.
Indiana’s dubious distinction as one of the leading mortgage-foreclosure states has faded some, but not enough for the judicial and legal communities to ignore.
Grand Soleil partner Charles Cato filed for bankruptcy to stop foreclosure proceedings Friday morning.
It was standing room-only Thursday at a Behind on House Payments workshop in Marysville that reviewed “cash for keys,” the hope hotline and “all those things going on behind the curtain” when homeowners face foreclosure. “I’ll help you focus on the things
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