{"id":20989,"date":"2020-01-16T16:38:20","date_gmt":"2020-01-16T23:38:20","guid":{"rendered":"https:\/\/www.skyhinews.com\/?p=62544"},"modified":"2020-01-17T16:43:30","modified_gmt":"2020-01-17T23:43:30","slug":"granby-ranch-responds-to-foreclosure-suit","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/krky\/local-news\/granby-ranch-responds-to-foreclosure-suit\/","title":{"rendered":"Granby Ranch responds to foreclosure suit"},"content":{"rendered":"
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The owner of Granby Ranch has filed her response disputing facts in a foreclosure lawsuit that put property in the hands of a court-appointed receiver.<\/p>\n

Marise Cipriani, the owner of Granby Ranch, filed a response Tuesday to a foreclosure complaint against Granby Realty Holdings. Granby Prentice LLC submitted the foreclosure filing Friday in Grand County District Court alleging that Granby Realty Holdings owes the lender more than $62 million.<\/p>\n

Cipriani\u2019s response claims Granby Prentice failed to demonstrate the pressing circumstances needed for a receiver, a third party that protects the value of a property during foreclosure proceedings, and says that Granby Prentice \u201cgrossly mischaracterizes\u201d the history of events in its complaint.<\/p>\n

The foreclosure complaint urged for a receiver because of Granby Realty\u2019s financial condition and says Granby Realty Holdings\u2019 \u201crecent conduct\u201d risks devaluing the property.<\/p>\n

The response goes on to claim that Granby Prentice indicated to Granby Realty that it would accept a deed in lieu of foreclosure while also \u201censuring a seamless transition\u201d of the resort amenities before \u201cit changed its mind and made additional unreasonable demands that could have jeopardized the ongoing operation of the resort.\u201d<\/p>\n

\u201cTherefore, if any crises exist, it was created by Lender\u2019s malfeasance and own gross embellishment of the factual circumstances,\u201d the response concluded.<\/p>\n

The foreclosure filing was a surprise, said Ciprini, who had been in talks with Granby Prentice to surrender the property to the lender in lieu of foreclosure.<\/p>\n

\u201cI was working very hard with them to give them the deed in lieu,\u201d Cipriani told Sky-Hi News on Wednesday. \u201cBut it\u2019s their option. They are the lender; they can do anything. I had no idea.\u201d<\/p>\n

The deed in lieu would have been a simpler way to transfer the property to the lender. A judicial foreclosure proceeding is a civil suit and could foreshadow a lengthy court process that might take years to resolve.<\/p>\n

However, Granby Prentice claimed in the filing that the property\u2019s fair market value is not enough to cover the $62 million owed by Granby Realty.<\/p>\n

Cipriani said that the resort amenities will continue operating as a separate company for the time being.<\/p>\n

\u201cSo that\u2019s good news for employees, for the users of all the amenities and all that,\u201d she said. \u201cBut I really don\u2019t know a lot myself. I am learning.\u201d<\/p>\n

After 25 years of running the resort, Cipriani said it was sad to walk away but she wanted the best for her project.<\/p>\n

\u201cAs a developer, as a business owner, we all should hope that anything we do goes beyond us,\u201d Cipriani said. \u201cWe are temporary. A project like this is beyond the time that I can be alive\u2026 I will do everything I can even now to make sure that it keeps going that way, but I have a limitation obviously.\u201d<\/p>\n

More coverage:
Granby Ranch faces foreclosure as property goes to receiver<\/a>
Owner of Granby Ranch to surrender property as lender takes over<\/a><\/p>\n

via:: Sky-Hi News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The owner of Granby Ranch has filed her response disputing facts in a foreclosure lawsuit that put property in the hands of a court-appointed receiver. Marise Cipriani, the owner of Granby Ranch, filed a response Tuesday to a foreclosure complaint against Granby Realty Holdings. Granby Prentice LLC submitted the foreclosure filing Friday in Grand County […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[56],"tags":[],"class_list":{"0":"post-20989","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-local-news"},"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-06-17 12:01:41","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KRKY Ski Country","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/krky","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/posts\/20989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/comments?post=20989"}],"version-history":[{"count":1,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/posts\/20989\/revisions"}],"predecessor-version":[{"id":21011,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/posts\/20989\/revisions\/21011"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/media?parent=20989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/categories?post=20989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/tags?post=20989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}