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Thursday, March 18, 2010

Catlin properties up for sale tomorrow



Copyright 2010 The Union. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. The Union March, 18 2010 8:42 am

Catlin properties up for sale tomorrow



Two Nevada County parcels owned by the now-defunct Catlin Properties Inc. will be auctioned off tomorrow after the Sacramento-based company defaulted on its loans.

Catlin owes Guaranty Bank about $9.5 million on the properties, which include the 65-acre SouthHill Village development in Grass Valley and the former Indian Springs Vineyard.

A number of liens were issued against the company in 2009, and Catlin also defaulted on properties in Rancho Cordova and Novato.

Both properties go up for a trustee sale at 12:30 p.m. Friday on the steps of the Nevada County Courthouse at 201 Church St., in downtown Nevada City.


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