Bank wants ski club auction this summer
NEWFANE, Vt. (AP) — A bank that foreclosed on a Vermont ski club wants to hold an auction of the properties this summer.
Berkshire Bank foreclosed on Hermitage Club properties including a private ski resort at Haystack Mountain, a golf course, several inns and townhouses more than ago after the group defaulted on loans.
Elizabeth Glynn, an attorney for the bank, said her goal is to have a sale in August, which she said would be “good” for creditors and the region.
The Brattleboro Reformer reports that questions about a vendor’s property and club members’ ownership in a chairlift need to be answered before a judge can issue an order to start the process.
The judge on Tuesday ordered the parties to enter mediation within the next month and a half.
Information from: Brattleboro Reformer, http://www.reformer.com/