Update October 28, 2010 On Thursday, October 28, 2010, the Creditors Committee, Prudential and Ford’s Colony Country Club (FCCC) participated in judicial mediation. The purpose of the mediation was to resolve the various matters in dispute among the parties. As most of you know, the Creditors Committee’s has focused on the: 1. Possibility of some […]
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The Country Club Membership Association for Fords Colony has been notified that a Purchase and Sale agreement has been signed with an un-named party for the sale of Fords Colony Country Club in Williamsburg, VA. The Williamsburg, Va., club filed for bankruptcy two years ago and went on the market in the spring of 2011. […]
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Update March , 2012 Prudential has received multiple bids, some of which were not acceptable for different reasons. Prudential is now at a point where they, along with their broker, will start to clarify their understanding of the remaining bids to determine if one or more meet their requirements. If it turns out that none […]
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The Ford’s Colony Homeowners’ Association commenced an action against Realtec Incorporated, ( Developer of Ford’s Colony) brought on by Realtec’s refusal to repair the continually deteriorating condition of Ford’s Colony Drive.. Realtec owns and has the responsibility to maintain and repair the drive which is the main entrance to Ford’s Colony Country Club The suit […]
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Bankruptcy Hearing Update – March 31, 2011 On March 31, 2011 the court ruled in favor of Prudential’s position, which was supported by the CCMA’s attorney, that "all" members should be allowed to vote. This means that all 900 members will have the opportunity to participate in deciding the future direction of the club. This […]
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From the Ford’s Colony Country Club Creditors’ Committee : On November 17, 2010, the United States Bankruptcy Court conducted a hearing on: Prudential Industrial Properties, LLC (Prudential’s) Motion for Relief from Stay. This Motion sought permission of the Court to allow Prudential to foreclose on the golf course; The Debtors’ Motion to extend the period […]
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For more than two decades, Ford’s Colony Williamsburg has set the standard for gracious private community living, having been voted the Number One master–planned community in America. This 3,000 acre gated golf community offers a superior selection of home styles and neighborhoods, a complete range of country club amenities, the privacy you desire and the […]
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