A Polk County Judge's signed a foreclosure order that'll allow parts of West Glen Town Center to be sold at a sheriff’s sale this winter to satisfy a $27 million mortgage debt owed to Midwest Independent Bank of Missouri. The bank sued West Glen and its' owners in February after they defaulted on a $30-million loan for developing phase 2 of the project. A separate court order put the Promenade and Keystone buildings in the development, in receivership.
No comments:
Post a Comment