Judge Owen issues Judgments and Decrees
To: Tamarack Municipal Association Membership
From: Stephen J. Lord, Association Counsel
Judge Owen issued the Judgments and Decrees for each of the 5 different creditors involved in last month's hearing.
We will keep you apprised if, and when, any of those 5 judgment creditors decides to schedule a sheriff's sale with Sheriff Bolen.
The parties five Decrees of Foreclosure entered by Judge Owen on June 4, 2013 (and related properties) are:
1. Credit Suisse (undeveloped land and ski facilities)
2. Banner/Sabey (Village Plaza)
3. MHTN Architects (Lake Wing)
4. BAG (Fairmont Parcels)
5. Tamarack Design/Oz Architects (unfinished Trillium Townhomes)
Foreclosure judgments and per diem interest against Tamarack Resort LLC, properties identified above pursuant to decrees entered June 4, 2013:
|
Creditor
|
|
Principal Judgment Amount including legal fees, pre-judgment interest |
|
Interest Per diem 5.25% annually
|
|
|
|
|
|
|
|
1. Credit Suisse |
$ 343,189,749.63 |
|
$ 50,803.98 |
|
|
2. Banner/Sabey |
$ 13,289,710.70 |
|
$ 1,313.93 |
|
|
3. MHTN |
|
$ 654,484.38 |
|
$ 45.37 |
|
4. BAG |
|
$ 2,000,000.00 |
|
$ 287.67 |
|
5. OZ/Tamarack Designs |
$ 194,677.75 |
|
$ 28.00 |
|
|
Total |
|
$ 359,328,622.46 |
|
$ 52,478.95 |