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Carriage Park lands sold after foreclosure bid collapse
Lightning Editor Dale Hamlin built Carriage Park but faced two late bankruptcy filings to delay foreclosure. Arendale Holdings bought the land for 6 million after an upset bid failed at 6.3 million with a 315000 cash deposit. Hamlin argued the filings aimed to stall Arendale and deplete assets, while lenders noted no equity in the property despite claims of 10 to 11 million valuations. County records cited erosion violations and lack of funding to fix them.
MENTIONED IN THIS ARTICLE
Lightning
Dale Hamlin
Arendale Holdings
Hamlin
Avendale
Asheville
Arendale
Chad Sharkey
Sharkey
Henderson County
Russ Burrell
Carriage Park Associates LLC Bank