Foreclosure Notice Filed for Trailhead Lodge at Wildhorse Meadows

It looks like the banks have started the clock ticking on the Foreclosure process for Trailhead Lodge at Wildhorse Meadows by filing what is called a NEDFS.  This can come out a variety of ways including the bank and developer negotiating new terms, an investor buying the note and more. Overall I think that the sooner this is worked through the better. The units will likely be freed up to sell at current market prices and the uncertainty around the development is reduced. The developer originally sold about 30 of the 86 units so we are talking about approximately 56 units that are still owned by the developer and held by this loan.  Click here for more details on the process for the Foreclosure at Wildhorse Meadows.

 If you have questions on this or any other Real Estate in Steamboat just let me know.  If you are interested in any other Steamboat foreclosures or bank owned properties I have significant experience with helping people like you evaluate their merits and negotiate the right price if it makes sense. A Proud partner with Colorado Group Reality