Two Nevada County parcels owned by the now-defunct Catlin Properties Inc. will be auctioned off later this month after the Sacramento-based company defaulted on its loans. Catlin owes Guaranty Bank about $9.5m on the properties, which include the 65-acre SouthHill Village development in Grass Valley and the former Indian Springs Vineyard. A number of liens were issued against the company in 2009, and Catlin also defaulted on properties in Rancho Cordova and Novato. Catlin Properties had properties elsewhere in the West; the office of then-owner Ben Catlin is now with Bluemont Properties, but the nature of the relationship between the two firms could not be ascertained. Officials of Bluemont Properties did not return a telephone call asking for comment.
Auction sale nears on 2 Catlin properties in default
Most Popular Articles
Latest Articles
U.S. mortgage holders post record levels of home equity: ICE
Nationwide equity on mortgaged homes soared to a record $16.9 trillion in the first quarter of 2024, with $11 trillion available for leverage.
-
Rocket hires former Thomson Reuters, Intel executive as its first CTO
-
Congressional lawmakers form bipartisan real estate caucus
-
Trade groups express concerns on VA timeline for defaulted loan purchase program
-
Redfin settles commission lawsuits for $9.25 million
-
Asian real estate group, other advocates claim Florida law violates Fair Housing Act