Bank now owns Petoskey Pointe

A Friday deadline passed without action by Petoskey Pointe developers to correct a mortgage default involving the stalled project’s downtown site.

As a result, Emmet County Register of Deeds Michele Stine said the transfer of the site’s ownership to PNC Bank — a successor to National City Bank, which had originally provided developers with financing — is complete. News-Review

Advertisements

About elkrapidslive

More than a lifelong connection to Elk Rapids
This entry was posted in News of Note. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s