Cow Palace Inn Sold

The Cow Palace Inn was purchased in a public trustee foreclosure sale Wednesday, May 4, at the Prowers County Courthouse.

County treasurer Lorraine Woolley conducted the sale at which only one bid was presented, from Zion’s First National Bank in Utah for $723,587. That leaves a deficiency on the property of $1,278,510.79 against Dhillon Investments, Inc. from Tracy, California, the most recent owner of the property. The motel had been in receivership to Nationwide Assessment Management Group since earlier this winter. According to Woolley, any junior lien holder has eight business days after the sale to file an Intent to Redeem. If there are no filings, the Certificate of Purchase holder is eligible for a Confirmation Deed on the ninth business day after the sale, on May 16.

By Russ Baldwin

 

Filed Under: BusinessCountyEconomyLamar

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