Home / News / Construction and Real Estate / Portion of Springbrook subdivision in foreclosure

Portion of Springbrook subdivision in foreclosure

A piece of Springbrook subdivision on Sardis Road North in Charlotte is scheduled to be sold 2 p.m. Jan. 4 in a foreclosure sale at the Mecklenburg County Courthouse.

According to court documents filed Wednesday, the foreclosed property was originally scheduled to be sold July 16 but was delayed when the owners, RBC Development LLC, filed for bankruptcy.

That bankruptcy filing was dismissed Dec. 2, allowing for the sale of property to be rescheduled, according to court documents.

The property went into foreclosure because loan payments weren’t made. Its value was not listed in court documents.

The foreclosed portion of the subdivision is listed in three separate parcels and does not include lots that have been transferred already to individuals, according to substitute trustee David T. Simpson Jr. of Gerdes, Mason and Simpson law firm in Charlotte.

A listing on the North Carolina Secretary of State’s website lists Russell Sinacori as the agent for RBC Development. The company was listed as dissolved in September for failure to file an annual report, according to the website.

A Google search of the office address listed for RBC on the secretary of state’s website shows it belongs to Sinacori Homes. Springbrook subdivision on Sardis Road North is listed as an example of a Sinacori project on Sinacori’s website.

Tara Ramsey can be reached at tara.ramsey@mecktimes.com.

Leave a Reply

Your email address will not be published. Required fields are marked *



%d bloggers like this: