Two Westwood Chateau units gone into foreclosure

Two of the 32 Westwood Chateau condominiums that have been vacant for a year have fallen into foreclosure and one of those was sold on Monday, Jan. 13, according to legal filings.The condo complex located behind the Lady Marian Plaza was evacuated last January due to possible sinkholes.

Two of the 32 Westwood Chateau condominiums that have been vacant for a year went into foreclosure and were sold, according to legal filings.

The condo complex located behind the Lady Marian Plaza was evacuated last January due to possible sinkholes. “Voids” were later found in the ground beneath the buildings that engineers said would eventually make the buildings collapse and could turn into sinkholes, according to Larry Greene, owner of two of the units and a board member of the Westwood Chateau Condominium Homeowners Association.

One of the units was foreclosed on and was bought for $85,000 on Monday, Jan. 13 by Atlantic Bay Mortgage Group, according to the report of sale on file at the McDowell County Clerk of Court’s Office. The group couldn’t be reached by The McDowell News for comment.

The other unit that went into foreclosure was bought for $53,433 on Monday, Dec. 30 by Trust Bank, formerly known as Branch Banking and Trust Company, according to the report of sale on file at the county Clerk of Court’s office.

As for repairs of the voids, Greene said additional testing will be done soon to determine how deep the voids go.

“At this point in time, we’ve not been able to get anybody who’s willing to give us an estimate on what it would take to repair those and the condition of the property has been going downhill,” Greene said.

The owners of the condos and the homeowners association have spent more than $20,000 on testing, he said.

“We’re really not any further along than we were months ago,” said Jane Neal, president of the homeowners association. “It is frustrating, but that’s the situation.”

The lake behind the complex was drained last year to prevent further damage. The City of Marion and Great Meadows Corp., which owns the lake and is partial owner of the dam, are putting in a permanent pipe that will breach the dam and eliminate danger to the public below the dam, Greene said. City Manager Bob Boyette said the process will make the dam inoperable.

“That does not solve the problem of the condos,” Greene said. “The voids are still there.”

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