Henderson County seeks court aid to clear title on Seven Falls land
Developer McElrath, tied to the Seven Falls project, says he will sort out 98 owners with contested deed claims and secure clear title before selling to a developer. The county filed a March 2013 lawsuit to obtain court permission to spend bond money on site development while title issues are resolved. County officials emphasize the need for the court's blessing and a carefully monitored process to avoid future liability. McElrath describes his role as arranging title clearance and acting as a conduit between lenders and a future buyer, while acknowledging the project faces a long, complex road ahead.
MENTIONED IN THIS ARTICLE
Synovus
Henderson County
McElrath
U.S
Boyd L. Hyder
Edneyville
Hyder
First Citizens Bank
Mountain First Bank
TD Bank
Karen
First Citizens
Seven Falls
Russ Burrell
Burrell
Vinson Properties
Zeus
McElrath Development
U.S. Army Corps of Engineers
Superior Court
Bill Lapsley
Seven Falls Engineering
Vinson
Lapsley
Seven Falls timeline chronicles Vinson project and fallout
The Seven Falls Golf and River Club near Etowah faced a 900 home development on 1400 acres along the French Broad River. Key events include a 2007 performance bond, 2010 default, 2012 federal fraud indictments, a 2013 conviction, a 2014 bond proceeds plan, 2015 sale of lots, and Vinson’s 18 year prison sentence in 2015.
MENTIONED IN THIS ARTICLE
Keith Vinson
Seven Falls Golf & River Club
French Broad River
Etowah
Henderson County
Vinson
County
Seven Falls
Mills River
Scott McElrath
Synovus Bank
McElrath
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