Editor’s note: An earlier version of this story incorrectly stated which properties had been sold to the lender. Three of the properties went to the lender, but the parcel containing the ski and golf resort was sued until Friday August 14. The story has been updated to reflect this.
Granby Ranch foreclosure continues with three more properties going to the lender.
On Friday, Granby Prentice paid the compensatory bid on three of the four remaining trust deeds. The foreclosure sales were originally scheduled for July 17 with a property known as the Manager’s Parcel going to Granby Prentice as a deficiency bid on July 24.
The three properties that went to the lender were also deficiency offers totaling more than $2 million. The remaining parcel contains the majority of the ski and golf resort with a starting bid of $10 million. This sale continued until Friday.
The future of Granby Ranch remains cloudy. While the parcel containing the ski and golf resort will likely go to the lender, the amenities will still be dictated by the lease-purchase agreement with the Headwaters Metropolitan District.
With the manager’s plot, Granby Prentice will likely take control of Headwaters and those deals. Headwaters has not met since May 30, when it approved a contract with Touchstone Golf to operate the golf course this summer.
At the time, Headwaters chairman Lance Badger said talks were continuing with Ridgeline Executive Group, the lender’s agent who had previously expressed interest in taking over management operations.
Badger declined to comment. Neither Ridgeline nor a representative for Granby Prentice responded to a request for comment Friday.
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