Published Feb. 16, 2012
Properties at Cliffs communities in Oconee, Pickens and Greenville counties will be auctioned March 5 as part of a $24 million foreclosure case awarded to an Atlanta financer that invested in the Cliffs’ real estate development.
The order came Friday, a day after the Cliffs announced its golf division would file bankruptcy and be sold to Texas business couple Steve and Penny Carlile. That sale would only include golf courses and related amenities, but the Carliles plan to begin to acquire Cliffs real estate, too.
Worthington Hyde Partners filed its foreclosure against Keowee Investment Group LLC, a division of Upstate developer Jim Anthony’s Cliffs Communities. According to its website, Worthington loaned the Cliffs $20 million “secured by a portfolio of highly amenitized lake lots and raw land.”
The auction will be at the Oconee County Courthouse in Walhalla.